In business, it’s the early bird that rakes in the moolah. Taking cue from the age-old proverb, two MBA students have turned entrepreneurs even before graduating.

H.R. Sampreet and Saurav Dhiman, second-year students of the Vinod Gupta School of Management at the Indian Institute of Technology, Kharagpur, have launched their own company, Enfount Business Solutions. Their maiden venture is Bulkdeals.co.in, a Bangalore-based online retail window specialising in institutional and organisational buying of laptops, desktops and other electronic items.

“Across campuses, students form groups to buy computers so retailers give them a discount,” said Sampreet. “But this happens locally and in an unorganised manner,” he explained.

The duo saw a business opportunity in this campus trend and created an online platform that is a one-stop-shop for bulk deals of laptops and desktops of all brands.

“Here, students can register and get great deals directly from the brands,” Sampreet said. “We estimate this to be a Rs 200-400 crore market. The brands, too, were looking for a single window to reach out to the student community. We had the business model and wanted to hit the market early, so we started even before graduating,” he added.

The company is partnering with almost all top brands such as Dell, LG, Hewlett Packard, Lenovo and HCL.

The website had over 1,000 visitors in the first three days of its launch and already has more than 300 members and over 20 registered colleges, including all the IITs.

When asked how they plan to balance studies with running a business, Saurav said: “It is all about time management. Our business requires just two or three hours a day, which we can easily put in.”

More : telegraphindia.com

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

Demand for management professionals is growing, but the supply of quality manager was unable to maintain in the future. In Chennai, for example, there are only a few institutions in the city of meals to the growing demand for quality training.

The Franco-Indian Chamber of Commerce (IGCC) has decided to close the gap with the launch of the Indo-German Training Centre and offers a platform for management aspirants to acquire skills to meet the needs companies.

The management of institutions IGCC development goals, administration and management skills of students who, otherwise, that the academic, adapting to the culture of work in the industry.

The 18 months Post Graduate Diploma in Business Administration has launched Thursday, a German company of the German Management by its “dual system”. This system offers practical training, transmission of industrial training, in collaboration with classroom meetings.

Furthermore, that students learn German as part of the curriculum. Graduates and young researchers from 50 per cent for the course. Working visit sponsored by the forces of their business are also eligible.

Inauguration of the Centre, L.S. Ganesh, Head of the Department of Management Studies, IIT Chennai, there is a growing demand in Chennai for admission to the quality of institutions. Chennai with emerging countries, as an automobile race in the capital and health care, we need good institutions, innovative programs management.

Three basic E –

Give advice to students, he said that three basic E’s expected of leaders - the efficiency of production quality, efficiency with minimal resources and excellence. The management of these institutions in their abilities of candidates.

During their training must develop 5 E’s - excitement, boredom, know-how through experience, energy and empowerment, “he said.

Stefan Graf, the German Consul General, Chennai, said the institution would open the doors of Germany and globalization for students. If one compares the globalization of football games, he said that students should be trained, are winners in the global game.

T.R. Gopalan, regional director of the IGCC, said that 25 students across the country, including Delhi and Coimbatore, have opted for the course. The number will increase to 40 in the next game.

Thiruvananthapuram, Aug. 27 The cross also born E-networks (TENs), the first product of the incubation programme of the company in the Indian Institute of Information Technology and Management-Kerala (IIITM-K), has announced its intention to implementation of an employee of participation (ESOP) Programme.

Ten offers products and solutions for e-learning, digital library of knowledge and information portal enables enterprises to the economy, industry, research and development organizations and academic institutions.

Speaking to-Business Line, M. Manjul Sahay, Chief Technology Officer, ten, said that the company has established consultants Deloitte, Haskins and sells the program structure would ESOP programme.The Roll-out within one month for the first When a technology park - undertakings proposed to carry out a concrete plan ESOP.

Mr. Sahay this at the launch of formal operations of the company Techno Park.

Inkubiert and developed in the IIITM-K as the first product of industry and academia, ten was officially supported by the U.S. Technology Group owns the company as the USA and software Toonz Animation of India, the two modes of operation of Techno Park.

At the opening ceremony, Mr. KPP Nambiar, president IIITM-K, said that India was back in an official form between industry and universities to participate in new ideas, drawing on them and through the, where they enjoy.

Dr. K.R. Srivathsan, Director, IIITM-K, said that ten was brought to the activity of constraints dictated that the country could not hope to survive on software services for the continued relevance in a competitive market.

“Requirements of the value chain are now asking that the country immediately places emphasis on leadership and entrepreneurial skills. The challenge is to facilitate IT and India.”

According to Mr. G.A. Menon, president of the U.S. Technology Group, U.S. companies spent $ 8 million for marketing various products group companies.

Ten-products in their repertoire, he said and added that these products have already attracted great interest from some Fortune 500 companies.

“They are 10-20 times less expensive than competing products to the USA, and provide consistent quality and lowest possible cost, large customers.”

Pramati, IIMS between partners: Specializes in e-learning, knowledge management and Enterprise Information Portal Solutions, ten announced a series of partnerships with key industry players.

The company is a partnership with the Hyderabad-based Pramati Technologies offers its solutions on Pramati Application Server. Pramati is an End-End-to-business provider of Java platform.

Indian Institute of Management Ahmedabad (IIM-A) with the help of e-learning platform Acado ten, of course, for the creation, deployment and management of the classroom complement learning.

The two-day `International Conference on Business and Finance - 2005′, organised by ICFAI University in association with Philadelphia University, USA, acted as a forum for disseminating new research findings, practices and techniques in finance and also served as a platform for researchers and academicians to interact and exchange viewpoints and explore opportunities for joint research in contemporary and developing areas.

D.S. Rao, Director, ICFAI Business School, said the aim of the conference was to bring together academicians and practitioners with research interests in the field of finance, accounting and business management from India and abroad.

There were presentations of new and unpublished research findings of relevance in the areas of Asset Pricing, Capital Markets, Market Microstructure Investment Management, Corporate Finance Banking and Insurance, Financial Services; Derivatives, Risk Management among others.

ICFAI Business School will hold a two-day national seminar on ‘International Corporate Financial Reporting and Analysis’ on August 23 and 24.

The programme will act as a platform to evaluate the current financial reporting model and its relevance for making sensible economic decision, Indian accounting standards and the problems faced in implementing the accounting standards and related financial reporting regulations.