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.”

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T. Justice Meena Kumari, a judge of the High Court of Andhra Pradesh on Saturday, preferably privatization of electrical distribution was to be done, as in the case of electricity generation.

“This may be another reform,” she said recalling that some countries were already familiar with the concept a try. She said that if countries are experimenting with the concept has been a great success, has been replicated by others for a competitive and efficient distribution system.

The judge was the conclusion of providing the service of God sends to the two-day UGC-sponsored national seminar on “Power reforms: challenges and strategies” in the SV-university, under the auspices of the Department of Management Studies .

She described the transmission and distribution (T & D) as the worst defeats in spite of staggering Indian power scene, as it does about 22 per cent, against the world qualifying standard of around 7 per cent.

She said the problem was compounded by the use of “primitive” and voltage transformers tension which is obsolete waste and damage accessories. The judge felt in this context, over the medium-Power Research Institute (CPRI), Bangalore, had a very decisive role in resolving the problem by providing high-voltage direct current (HGÜ). T. Siddaiah, Head, Department of Management Studies, CSR presidency. V.R.C. Krishnaiah, Department of Law, welcomed guests at the seminar director, p. Durga Rao, a proposal for a vote of thanks.

Vice-Chancellor Dr Snehalata Deshmukh’s proposal to grant a two-year extension to M S Kambli as professor-cum-director of Institute of Distance Education was not fully accepted by the Mumbai University Management Council on Thursday. Instead, MC members decided to appoint Kambli as an Officer on Special Duty at IDE for one year till a suitable candidate is selected for the post. Thursday’s meeting had mentioned the V-C’s proposal to grant an extension-in-service to Kambli as IDE’s professor-cum-director for a period of two years. However, Kambli has already crossed the age of superannuation ie 60 years, on April 5, 1998. The proposal was amended and MC members were requested to consider the proposal for allowing Kambli as Officer on Special Duty (OSD) for a year from May 1. The V-C said the varsity will advertise and select a proper candidate for the post. Senate member Amarjit Singh Manhas had earlier written to Chancellor Dr P C Alexanderpointing out several instances of flouting rules in connection with Kambli’s proposed extension. Deshmukh did not wish to talk about the matter as the Management Council meetings are confidential. But sources admit that Kambli had been appointed as an OSD. Manhas said: “I am happy with the MC’s decision as it has ensured that deserving academicians have a chance to try for the director’s post whenever advertises for .”

The Indian Institute of Management (IIMS), and finally the international debut. IIM Bangalore, is completing plans for the establishment of an offshore campus in Singapore or in one of the countries in Southeast Asia, Prakash Apte G IIMB director told The Times of India.

The Institute works outside, the modus operandi of the university campus next few years, but it is still a reflection on programmes.

The proposal will probably be raised during the meeting between the Ministry of HRD and directors of the six IIMS in New Delhi next week, Apte said. HRD officials to attend two days of higher education here at the conference said Tuesday there were several proposals IIMS and IITS to offer various programs and proposals for expansion.

“In the coming weeks, meetings, we accept the new programs offer IIMS. We want new issues, launch programs more integrated and strengthening of credit in new areas of sharing, Sudeep Banerjee, Additional Secretary, MHRD , Said.

IIM, Ahmedabad, the oldest of six IIMS, is also concerned with offshore centres tie-ups with American universities, like Wharton, Stanford, Columbia and providing years Post-Graduate programme in the areas of management for frameworks.

But IIMB is not interested in tie-ups. “We seek the possibility of a real campus, no tie-ups with universities,” said Apte.

The Ministry of HRD approach should be a shot in the arm assertions IIMS foreigners on board. “We give considerable autonomy for the institutions working for them, agreements with others, which we support,” said Banerjee.

Autonomy is something that even the IIMS to erflehen. The Big Three - IIM A, B and C - said the HRD does not require the ministry, the plan or no plan, because it enough-Corpus Fund. “As regards small and IIMS recently, we must maintain with the block grants.”

THE Kerala Government proposes to start a pilot tele-medicine project in the State as part of its efforts to utilise the immense possibilities of information technology in healthcare and education areas.

Replying to a calling attention motion in the State Assembly on Wednesday, the Health Minister, Mr P. Sankaran, said that the project would be a collective venture of Thiruvananthapuram Medical College, Sri Chitra Institute of Medical Sciences and Technology, Regional Cancer Centre and Indian Institute of Information Technology and Management, Kerala (IIITM-K).

The Government would shortly submit a proposal in this regard to the Centre, the Minister said.

Under the project, the Medical College will function as a tele referral centre and a few public health centres in the district as remote tele consultation centres.

The project is expected to cost Rs 58 lakh.

The Minister said that the tele-medicine practice had already been implemented in States such as Andhra Pradesh and Gujarat and at Apollo Hospitals.

It is expected to be successfully introduced in Kerala considering its size and the progress it has achieved in the area of healthcare.

As a first step towards realising the goal, the healthcare and education areas need to be modernised by extensive application of information technology.

For this purpose, the Health Services Directorate would be converted into a Planning and Monitoring Cell.

Besides, for creating the necessary infrastructure, the Government has earmarked Rs 40 lakh in the current year, the Minister said.

The Electricity Minister, Mr Kadavoor Sivadasan, said that the Kerala State Electricity Board would reduce the power tariff of fishermen using Chinese net from Rs 7.25 to Rs 2.75 per unit.

In reply to a submission, the Minister said that such fishermen would be brought under Category Four from the current Seven-A category.

Replying to a question, the Minister for Welfare of Backward and Scheduled Communities, said that a centre of excellence for encouraging SC/ST students for higher studies and research would be established at the Indian Institute of Management, Kozhikode.

He added that preliminary work of the centre had started and admission of students would commence soon.

Of the Rs 5 crore earmarked for the centre, Rs 75 lakh had already been allocated, he informed the House.

Giants football of Real Madrid will not be in India next month, organizers of the proposed relocation of the Champions League Spain said Thursday.

“Real Madrid dropped its proposal to visit India in August,” Indian Institute of Social Welfare and Business Management (IISWBM) Director Ashoke Dutta said in a Relase here.

Dutta said, Madrid, whose star-studded line-up included players like Figo, Roul, Ronaldo, Roberto Carlos and David Beckham, turned decidedly against India in the car, because it has targeted appropriations for the Asia trip .

Madrid was adopted by the IISWBM to play a game of India in their return from Japan and China. It was also proposed, August 12 or 14 might be time to tie.

The statue of Sarvodaya guide Jai Prakash Narayan, are installed on the ground adjacent to the Ferozshah Kotla Stadium, following an agreement between the extrajudicial Delhi District Cricket Association and the Centre. The Delhi High Court today gave its approval to the settlement between the two parties.

SK Kaul Justice has approved the extra conciliation between the government and the DDCA higher after the lawyer Arun Jaitley, appeared for the DDCA, argued that the problem was resolved by mutual agreement by both parties.

According to mutual understanding between the two parties, a garage would be developed on the ground beside Bahadur Shah Zafar Marg, before the stadium and JP’s statue would be installed above ground, Mr Jaitely, appeared for the DDCA, said the court.

The DDCA in a petition had to reserve the field for parking during the Cricket games, while the Government had a proposal to develop it into a park and install the statue of Jai Prakash Narayan.

The Reserve Bank of India has quashed the Bangkok-based Sura Chansrichawla-led Siam Vaidya group’s attempt to take over the Thrissur-based Catholic Syrian Bank (CSB) once again. This is for the second time that the RBI rejected a proposal from the bank’s board of directors to transfer a controlling stake of 36.23 per cent to the group.

The decision is likely to put to rest the ongoing tussle between the Siam Vaidya group and the Syrian Catholic community of Kerala to gain control over the bank. The move is expected to spark off a legal battle, since Chawla had earlier said that he would seek legal redress if the shares are not transferred to his group.

The India will not open its cards on the market of industrial products in the WTO negotiations, unless rich countries come in advance with their bids for the removal of agricultural subsidies, senior official said.

In its latest efforts to break the impasse between developed and developing countries in the Doha Round of trade negotiations of the WTO considered a separate project on Agriculture and Non-Agriculture Market Access (NAMA).

While India and other developing countries like Brazil are ready to accept the proposal on agriculture as a good basis for negotiations, the text on NAMA (industrial products) was completely rejected.

“The text is as NAMA was very controversial because it attempts to sequence discussions on industrial products there are negotiations on agricultural property, commercial director at the Ministry of Commerce Bipin Menon said at a CII meeting.

Menon, closely linked since the WTO negotiations, said the USA and Europe that developing countries open their cards on industrial goods, while maintaining the strategy for agriculture to his chest close.

The negotiations on NAMA, from 24 September in the Indian part of officials.

“We want agriculture in the centrestage among themselves and with NAMA and services,” he said.

According to experts from the USA is unlikely to lower subsidies and direct income support, it was at its farmers.

“The USA are the direct income support for farmers and there is no indication on the farm for the reduction of subsidies,” said Biswajit Dhar, professor and director of the Center for issues of the WTO, Indian Institute of Foreign Trade.

Udupi: TAPMI and TA Pai Management Institute Trust, a note Manipal by the High Court, affirming their disagreement on the country of arrival.

With this, one of the obstacles towards the creation of an office complex District mini Vidhan Soudha near End Point in Manipal was deleted. In the meantime, Deputy Chief Minister BS Yediyurappa, who was here on an official visit confirmed the government’s decision to construct mini Vidhana Soudha, and said End Point R 12 crore had already been the same.

Landkreis-in-Charge-VS Minister Dr Acharya said that the proposed structure, the DC’s office, hotel and post office Zilla panchayats.

The proposal ZP building under construction near the current DC’s office, be transformed into a training complex.

It is noted that works of levelling the ground to End Point, of the proposed mini Vidhana Soudha, had started two years back and Management Trust TA Pai had approached the High Court, that the government, which funds Secretary of State Revenues of the division, DC, Udupi and Tahasildar as parties. As it had sought to stay the same, the work has been exposed.