The world renowned Cranfield School of Management in the UK will present a scholarship to any member of the three leading IFAC accountancy bodies in Sri Lanka, the Association of Chartered Certified Accountants (ACCA), the Institute of Chartered Accountants Sri Lanka (ICASL) or the Chartered Institute of Management Accountants Sri Lanka Branch (CIMA). Full Time MBA Programme Director Sean Rickard who informed Sri Lanka of the scholarship said, “We hope the scholarship attracts candidates who will benefit from this initiative and that, with the help of the accounting bodies in Sri Lanka, it will raise Cranfield’s profile. We are extremely grateful for the support of the institutes in this. We will be reviewing the success of the programme after two years.”

ACCA Sri Lanka’s Immediate Past President, Dilshan Rodrigo, himself an alumni of the Cranfield School of Management extends his best wishes to all candidates and says, “I hope most sincerely that this initiative will signal the birth of a new generation of professional skilled managers who will add value to the corporate boardrooms of Sri Lanka.” Stating that this is truly a world class MBA ranked consistently as one of the top MBAs in Europe, he adds, “This one year full time programme is ideally suited for members in middle and senior management positions with ambitious career goals.” Rodrigo, who has continued to maintain ties with Cranfield, further reinforced the relationship once he became President of ACCA Sri Lanka, sourcing resource speakers for the ACCA National Conferences in the last two years. “Two people who played significant roles in mooting this scholarship from the Cranfield end are the former Director of the MBA Programme Professor Leo Murray who was the Keynote Speaker at our conference in 2006 and has a soft spot for Sri Lankans and Sri Sriskanthan, a Sri Lankan faculty member on the MBA programme.”

Cranfield has produced a distinguished honour roll of MBA alumni from Sri Lanka over the last two decades including Managing Director of Hatton National Bank Rajendra Theagarajah, Senior Vice President of WNS Arul Sivagananathan and Group Financial Controller of Stretchline Hasantha de Silva. Members of ICASL, ACCA and CIMA must apply directly to Cranfield School of Management, for which instructions are available on the Cranfield website ww.som.cranfield.ac.uk/som/mba/, marking the application ‘Sri Lanka Scholarship’.

More : dailymirror.lk

Five post-graduate programme (PGP) students of the Indian Institute of Management, Ahmedabad (IIM-A) have set up a Private Equity (PE) and Venture Capital (VC) club to help students get hands-on experience by involving PE/VC players from India and abroad. Unlike finance clubs run by most B-schools in the country, this club exclusively focuses on PE and VC funding.

The lack of opportunities and experience in the PE and VC space led five students to set up the club called ‘Leverage’. With around 50 students interested in being members, the club will be a forum for students interested in all aspects of private equity and venture capital.

“We came up with an initial skeletal structure of the PE club by looking at institutes like Harvard and others from the Ivy League. But the end product has been entirely our idea of how a PE club should be. Although we prefer to call it an interest group for the time being, we plan to run a full-fledged club with more activities soon,” says Anirudh Singh, a member of the club.

“PE as an industry has boomed in India and we plan to invite speakers to the campus, hold conclaves, workshops and other events to provide a platform for the students and corporates to interact. Also, we are looking forward to hold intra-institute events, where the students can write an investment proposal and a panel of faculty members can judge them.

We have no restrictions when it comes to corporates as we would be involving both top- and middle-level players to encourage more and more activities in the field of PE and VC,” says Gagandeep Singh, another member of the club.

As part of formalising the club, the students are holding the first intra-institute event called the ‘Zen of Investing’, where the club plans to invite alumni working in the area of private equity, besides involving the faculty and students for the activity.

The club also has plans to tie-up with Post-Graduate Programme in Management for Executives (PGPX) students to getter a better perspective of private equity. “The PGPX students would be able to share their experiences about private equity and with their support, we plan to involve ourselves with the corporates in a deeper way through various activities, including projects and case workshops,” adds Anirudh Singh.

The club is in talks with a few corporates, who have shown interest in sponsoring the club.

“We are considering more options for funding besides the institute and the corporates we are in talks with. Currently, we are in the stage of gauging the responses from the people about the club,” says Anirudh Singh, before adding, “Although we have started out PE and VC, we may consider branching out to other areas like micro finance later.”

More : business-standard.com

Mary Emily Kendig Corbin, daughter of Mr. and Mrs. Edwin Lawrence Jr. Kendig Richmond, and Richard Watkins 3d Carrington, the son of Mr. and Mrs. Carrington Jr. of Richmond, was married yesterday on the grace and Holy Trinity Episcopal Church. The priest William Hill Brown, the ceremony supported by the Bishop Robert Bruce Hall of Virginia.

The bride, a graduate of St. Catherine’s School, Richmond, was graduated from Sweet Briar College and the Darden School of Business Administration at the University of Virginia. She is a member of the Junior League of Dallas. His father is a professor of pediatrics at the Medical College of Virginia in Richmond.

Mr. Carrington, assistant treasurer of American Airlines in Dallas, a graduate of St. Christopher’s School in Richmond, the University of Virginia and Harvard Graduate School of Business Administration. His father is secretary-treasurer of Carrington and Michaux, Inc., a Richmond tobacco company, founded as Carrington & Company Urgrossvater of Husband, Tazewell Morton Carrington.

Louis Banks, a former editor of Fortune magazine and former editor of Time Inc., died Sunday at his home in Naples, Fla. He was 77

The cause was congestive heart failure, Fortune said in a statement yesterday.

Mr. Banks, when began in 1945 as a correspondent in Los Angeles office. He was editor of Fortune from 1965 to 1970 and as editor from 1970 to 1973, he occupied the second position in the editorial Time Inc.

He wore a number of new businesses, especially money Magazine. It as a member emeritus of the Corporate Board reached in the year 1987, when he reached the age of 70.

Mr. Banks was in Pittsburgh was born and raised in southern California, where he studied economics at UCLA during the Second World War, he was Marine pilot in the Pacific with the rank of lieutenant.

In 1969, he took a sabbatical to study at Harvard University as a Nieman Fellow Research. Kehrte it Time Inc, whether tenders Editorial Director’s Post, with a seat on the company.

In 1973, he was a visiting professor at Harvard’s Graduate School of Business Administration.

Mr. Banks leaves his wife, Mary Campbell banks, four son, Robert L., William C. and Theodore R., a daughter, Margaret Czekaj banks, and eight grandchildren.

The announcement National Rural Employment Guarantee Scheme (NREGS), demand and pushed aside and non-effort pushed the Union Member of the Planning Commission BN Yugandhar said here Monday.

A fund is created and pooling resources from various systems, such as the National Food for Work, Sampoorna Grameen Rozgar Yojana and the region back Grants Fund, said Yugandhar journalists after opening a workshop organized by the Round Table on public expenditure (PERT), Institute of Management Consultants and Madras, India University’s Department of Management Studies, to rethink approaches to the provision of public services.

Prisé as 50 other districts would be chosen for the NREGS (in addition to the 150 covered under the national programme Food for Work Program), he said that the selection of parameters such as GDP per capita agricultural productivity, wages and the population covered Box / Scheduled Tribes. “These parameters are value neutral and acceptable to all States,” he said.

Panchayats village social audit of the money under the regulation.

Earlier, in his address, “said Yugandhar with the introduction of a number of systems, each district was more and more additional funds in an amount of Rs 100 crores of RS. 300 crores per year, without spending plan of the Federal state governments.

He proposed that the resources available with the development of systems constituency Members of Parliament and members of legislatures are used for public financing of elections.

K. Venkataraman, said the chairman of the PERT of the exercise of preparing budgets result would be useful if the system has tainted surrender.

Trouble brewing at the Faculty of Management Studies (FMS) in Delhi University (DU). In a letter dated 8 April 2005, a member of the Faculty of Management Institute Pro-Vice-Chancellor, CR Babu, on irregularities in the admission exam will be held on January 23, 2005.

In the letter, Preetam Khandelwal, initially appointed observer for the examination, I have a member of the Faculty, JK Sharma, who has not only allowed his son to appear for the examination of the same Central, which was Sharma Superintendent, but also help solve the paper. The letter, a copy of which is City Times, explains that when Khandelwal protested and inform the dean, the United Kingdom Bhalla, he asked to Khandelwal, Superintendent’s Sharma and remove the signatures of all relevant documents.

Khandelwal said Dean asked to explain the alleged impropriety of a claim has been rejected by another Faculty FMS, JK Mitra.

Quote of the complaint and demand for subsequent declaration Khandelwal wrote: “Given all these facts, I fear that I am not framed.”

There is a City Times, Mitra acknowledged that he sent a letter to the dean for an investigation of the incident, although it has refused to publish the source of his information.

Call an internal affair, Mitra said: “The incident should be reviewed and measures will be taken, if it is proved.”

Pending Bhalla said: “We have a demand for an application to the university. If the incident is confirmed, to take. “Refusal of the other comments, he added that the matter was now in the hands of the university.

In the meantime, New Delhi University Teachers’ Association (Duta) is also planning to include the issue in the next Academic Council (AC) session on 23 April. Said AC Bohidar member Sanjay K: “This is a serious problem and should be immediately accepted.”

In addition, examination, was to the MBA program (part time) and the SP Jain campus center-south, SGF has been divided the community.

While no member of the faculty was ready to go minutes, she acknowledged that the incident could have a negative impact on the integrity of key institutions.

For a moment, Parthasarthy Mitra took place in another world. Various television programs delivered over several channels posters dangled from the ceiling of a great team, represented by the “world of television.”

The stocky Mitra was resting before a number of “saints” showered, who, with his sermons and chanting religious songs.

Mitra was one of several visitors, students, Xavier Labour Relations Institute (XLRI), conducting a market survey on the Maxi-Mass today.

Pupils and students have tried to provide information on the reaction of people on products, companies had planned to start.

The survey included several games, in conjunction with the marketing research fun.

An annual event, it was the 24 year the fair, organized by members of the Association Marketing Institute.

The sector games are designed so that respondents do not realize that the answer to questions of market research.

“Entrepreneurship decisions on the basis of feedback from visitors by games. Therefore, care for games intelligent and interesting,” said Mehernosh Malia, director of marketing function as a member of the Association XLRI.

After Malia, the fair offers a unique opportunity of learning for students, offering them practical experience to evaluate consumer behavior and use of instruments of market research and advertising.

This year, three companies - ITC, Colgate Palmolive, Reckitt Benckiser - attended the fair. Participants in the years HLL, Nestle and other leaders Fast Moving Consumer Goods companies.