Pune: Steinbach & Partner, the Germany-based global executive search and HR consultancy firm, has entered the Indian market and set up a wholly-owned subsidiary, headquartered in Pune.
“Pune was a natural choice for us to start India operations, since it is home to over 200 German companies and over 1,500 German professionals that are engaged in the auto and engineering businesses,” Mr Sebastian Steinbach, Director and Board Member, Steinbach & Partner, said.
“In the next 2-3 years, we will start our centres in Mumbai, New Delhi and Bangalore, and initially focus on sectors like automotive, engineering and life sciences,” said Mr Ramgopal Rao, President and Country Head, Steinbach and Partner Executive Consultants India Private Ltd.
He added that the company was targeting revenue of €1 million from its Indian subsidiary in the first three years of operations.
Steinbach and Partner uses scientific suitability tools and interviewing techniques such as the Hogan Test and Leadership Versatility Index (LVI) amongst its methods to scrutinize and assess candidates for performance capabilities and culture fit.
The company has a special cell that caters to the needs of start-ups/venture capital-funded companies and has recruited experts for over 100 companies financed with venture capital. The service will also be launched in India in due time.
Success in my Habit
Thursday, February 23, 2012
BSE to launch green index from today
New Delhi: To promote firms working on sustainable business practices, the BSE is expected to launch its second thematic index, the BSE-GREENEX, on Wednesday.
A pick of 20 companies from the BSE 100, the index gives equal weightage to both energy efficiency and profitability — together indicating a long-term sustainable strategy. The Union Corporate Affairs Minister, Mr Veerappa Moily, is expected to inaugurate the new initiative at Mumbai.
25th index
“Though there are other such indices globally focussing on green credentials, this is the first which is based on actual performance in the energy efficiency front, rather than stated future plans,” a source close to the development toldBusiness Line.
The 25{+t}{+h}dynamic index at the BSE, the BSE-GREENEX, has been co-developed with gTrade, a domestic sustainability firm working on financial innovations in energy efficiency. While BSE provides the financial analytics, the carbon analytics are provided by gTrade.
Right time
The index is targeted at retail, as well as institutional investors such as asset managers and pension funds looking for investments in companies with strong long-term prospects and develop green financial products.
“This is a good time for such an index as there is a global policy emphasis on sustainability as resources are getting expensive and scarce,” the source said.
“Research over the last three years has shown that this index is performing better than the Sensex, indicating that companies that are able to balance energy efficiency and profitability, give better returns for investors,” he added.
The index follows a sector-specific algorithm, whereas a benchmark each company is measured only against the best in the same specific industry based on publically disclosed energy and financial data. Thus, if for example, on measures NTPC against other power generation firms, one can know the relative efficiency levels.
Constructive
Mr Ashvin Parekh, Ernst & Young's National Leader for Financial Services said such an index is “constructive and welcome” for retail investors as it will help them make better decisions.
“Currently, there are very few instruments for retail investors and the market is run by FIIs and institutions, who have their own analysts. Any scenario that helps retail investors participate more meaningfully is very beneficial,” he said.
A pick of 20 companies from the BSE 100, the index gives equal weightage to both energy efficiency and profitability — together indicating a long-term sustainable strategy. The Union Corporate Affairs Minister, Mr Veerappa Moily, is expected to inaugurate the new initiative at Mumbai.
25th index
“Though there are other such indices globally focussing on green credentials, this is the first which is based on actual performance in the energy efficiency front, rather than stated future plans,” a source close to the development toldBusiness Line.
The 25{+t}{+h}dynamic index at the BSE, the BSE-GREENEX, has been co-developed with gTrade, a domestic sustainability firm working on financial innovations in energy efficiency. While BSE provides the financial analytics, the carbon analytics are provided by gTrade.
Right time
The index is targeted at retail, as well as institutional investors such as asset managers and pension funds looking for investments in companies with strong long-term prospects and develop green financial products.
“This is a good time for such an index as there is a global policy emphasis on sustainability as resources are getting expensive and scarce,” the source said.
“Research over the last three years has shown that this index is performing better than the Sensex, indicating that companies that are able to balance energy efficiency and profitability, give better returns for investors,” he added.
The index follows a sector-specific algorithm, whereas a benchmark each company is measured only against the best in the same specific industry based on publically disclosed energy and financial data. Thus, if for example, on measures NTPC against other power generation firms, one can know the relative efficiency levels.
Constructive
Mr Ashvin Parekh, Ernst & Young's National Leader for Financial Services said such an index is “constructive and welcome” for retail investors as it will help them make better decisions.
“Currently, there are very few instruments for retail investors and the market is run by FIIs and institutions, who have their own analysts. Any scenario that helps retail investors participate more meaningfully is very beneficial,” he said.
Tuesday, February 21, 2012
Farm equipment makers are upbeat over robust demand
Chandigarh: Farm equipment manufacturers in the northern region, especially SMEs and their vendors, are upbeat over the robust demand for farm equipment in the domestic market. They are betting big on the Indian farm mechanisation market, which is estimated at over Rs 4,000 crore a year (excluding tractors).
There are over 400 SME manufacturers and vendors in the northern region, comprising Chandigarh, Punjab, Haryana and Himachal Pradesh. Some of the SMEs market their product under their own brand name while others sell to large established players.
Using indigenous technology and with the help of competitive pricing, these manufacturers cater to the domestic market as well as export to Sri Lanka, Nepal, Iraq, Iran and the southern African countries.
According to analysts, labour shortages, subsidies by both Central and state governments as well as easy financing by financial institutions have given a boost to this sector, which is witnessing 20-25 per cent year-on-year growth.
Sonalika Agro Industries Corporation Director Rajesh Thakur said, “The farm mechanisation sector has witnessed rapid growth in rural areas in the recent past, because of labour shortages. It is quality, competitive pricing and service which are driving the growth of manufacturers based in the northern region.”
Farm mechanisation has been promoted vigorously by the Central and state governments. Farm implements that recently have been made eligible for bank financing, in addition to existing implements, include multi-crop threshers, sadd drills, rotavator bed planters, tractor-mounted sprayers, potato diggers (manual and automatic), caster threshers, sugarcane cutters and planters.
The state governments provide a subsidy on the purchase of these machines that can go up to 50 per cent, depending on the machine.
In Punjab alone, according to the “state focus” prepared by the National Bank for Agriculture and Rural Development (Nabard), the credit requirement for farm mechanisation in 2012-13 is estimated at Rs 1,748 crore (including tractors). This makes farm mechanisation the third-largest sector in the state in terms of credit requirement, after crop loans and dairy development.
Farm mechanisation in Punjab had until recently been a “tractorisation” process, as the state had about 492,000 registered tractors as on March 31, 2009.
However, the use of other kinds of farm equipment – power tillers, bullock/tractor drawn implements, reapers, threshers, cleaners/graders, zero-till seed-cum-fertiliser drills, raised-bed planters, reapers and rotavators – has also increased significantly over the last few years, making it an attractive sector for manufacturers. In Haryana farm mechanisation is a Rs 1,000 crore market.
The managing director of Haryana-based Ashoka Foundry & Engineering Works, Kapil Gupta, said, “We have been doing very well over the last few years. In order to meet the robust demand, we are expanding our manufacturing capacity.”
His company manufactures agricultural equipments such as automatic and semi-automatic potato planters, seed-cum-fertiliser drills, sugar trench planters, tillage equipment and sugarcane cutter and planters.
Analysts said the factors driving the growth of farm mechanisation in the northern region are high quality, low cost and trouble-free maintenance. Punjab has about 40-60 farm implement manufacturers that focus on the complete value chain of farm mechanisation solutions and cater to both the domestic and the international market.
There are over 400 SME manufacturers and vendors in the northern region, comprising Chandigarh, Punjab, Haryana and Himachal Pradesh. Some of the SMEs market their product under their own brand name while others sell to large established players.
Using indigenous technology and with the help of competitive pricing, these manufacturers cater to the domestic market as well as export to Sri Lanka, Nepal, Iraq, Iran and the southern African countries.
According to analysts, labour shortages, subsidies by both Central and state governments as well as easy financing by financial institutions have given a boost to this sector, which is witnessing 20-25 per cent year-on-year growth.
Sonalika Agro Industries Corporation Director Rajesh Thakur said, “The farm mechanisation sector has witnessed rapid growth in rural areas in the recent past, because of labour shortages. It is quality, competitive pricing and service which are driving the growth of manufacturers based in the northern region.”
Farm mechanisation has been promoted vigorously by the Central and state governments. Farm implements that recently have been made eligible for bank financing, in addition to existing implements, include multi-crop threshers, sadd drills, rotavator bed planters, tractor-mounted sprayers, potato diggers (manual and automatic), caster threshers, sugarcane cutters and planters.
The state governments provide a subsidy on the purchase of these machines that can go up to 50 per cent, depending on the machine.
In Punjab alone, according to the “state focus” prepared by the National Bank for Agriculture and Rural Development (Nabard), the credit requirement for farm mechanisation in 2012-13 is estimated at Rs 1,748 crore (including tractors). This makes farm mechanisation the third-largest sector in the state in terms of credit requirement, after crop loans and dairy development.
Farm mechanisation in Punjab had until recently been a “tractorisation” process, as the state had about 492,000 registered tractors as on March 31, 2009.
However, the use of other kinds of farm equipment – power tillers, bullock/tractor drawn implements, reapers, threshers, cleaners/graders, zero-till seed-cum-fertiliser drills, raised-bed planters, reapers and rotavators – has also increased significantly over the last few years, making it an attractive sector for manufacturers. In Haryana farm mechanisation is a Rs 1,000 crore market.
The managing director of Haryana-based Ashoka Foundry & Engineering Works, Kapil Gupta, said, “We have been doing very well over the last few years. In order to meet the robust demand, we are expanding our manufacturing capacity.”
His company manufactures agricultural equipments such as automatic and semi-automatic potato planters, seed-cum-fertiliser drills, sugar trench planters, tillage equipment and sugarcane cutter and planters.
Analysts said the factors driving the growth of farm mechanisation in the northern region are high quality, low cost and trouble-free maintenance. Punjab has about 40-60 farm implement manufacturers that focus on the complete value chain of farm mechanisation solutions and cater to both the domestic and the international market.
Greenko to commission wind farms in Maharashtra by May
Hyderabad: Greenko Group, a listed entity of the Alternative Investment Market of London Stock Exchange, focussing on clean energy power plants, is set to commission 165 megawatt (MW) of wind energy farms in Maharashtra by May, taking its installed capacity of power generation from about 220 MW to about 385 MW.
The Managing Director and CEO of the Hyderabad-based Greenko, Mr Anil Chalamalasetty, toldBusiness Linethat the company is at advanced stage of commissioning these wind energy assets located in Satara district of Maharashtra, and expects to commission these wind farms with a total generating capacity of 165 MW.
This would take the company's energy generation capacity up from about 200 MW now, which includes 120 MW of hydel power generation, 80 MW of biomass plants and a liquid fuel powered plant, the last one has come through an acquisition.
The company has strategic venture with the US-based major GE (General Electric) for the implementation of wind farms in the country. A venture has been set up by Greenko wherein GE financial services arm had teamed up in October last to invest up to $50 million.
In the Ratnagiri project, Greenko has deployed 1.6-MW GE turbines, designed for conditions with lower wind speeds. The company is in the process of implementing a series of wind energy projects in Maharashtra, Karnataka, Andhra Pradesh and Rajasthan, through this association.
Prudential PLC, Aloe funds, TPG Growth, Scottish Windows, Capital Group and Blackrock are among investors who have helped raise up to $500 million for projects underway.
The Managing Director and CEO of the Hyderabad-based Greenko, Mr Anil Chalamalasetty, toldBusiness Linethat the company is at advanced stage of commissioning these wind energy assets located in Satara district of Maharashtra, and expects to commission these wind farms with a total generating capacity of 165 MW.
This would take the company's energy generation capacity up from about 200 MW now, which includes 120 MW of hydel power generation, 80 MW of biomass plants and a liquid fuel powered plant, the last one has come through an acquisition.
The company has strategic venture with the US-based major GE (General Electric) for the implementation of wind farms in the country. A venture has been set up by Greenko wherein GE financial services arm had teamed up in October last to invest up to $50 million.
In the Ratnagiri project, Greenko has deployed 1.6-MW GE turbines, designed for conditions with lower wind speeds. The company is in the process of implementing a series of wind energy projects in Maharashtra, Karnataka, Andhra Pradesh and Rajasthan, through this association.
Prudential PLC, Aloe funds, TPG Growth, Scottish Windows, Capital Group and Blackrock are among investors who have helped raise up to $500 million for projects underway.
Toshiba JSW wins Rs 2,300-cr order from NTPC
Bangalore: Japanese power equipment major Toshiba JSW Turbine & Generator will supply turbines for the Rs 10,000-crore thermal power plant in Karnataka.
According to a press statement, the company will supply three 800 MW supercritical steam turbine and generator island packages for NTPC's Kudgi super thermal power project, Stage-I, in Kudgi. The equipment will be manufactured at the company's plant in Chennai.
Contract Value
The contract value is around Rs. 2300 crore and delivery of the equipment is expected to start in 2013, the press statement said.
The Kudgi project is NTPC's first in Karnataka, and the State Government had signed a memorandum of understanding (MoU) with NTPC in 2009 for the proposed project. According to the statement, Toshiba has already supplied five 830 MW supercritical steam turbines and generators for the Mundra Ultra Mega thermal power plant owned by Coastal Gujarat Power Ltd, a 100 per cent subsidiary of Tata Power Company, and will supply two 660-MW supercritical steam turbines and generators for the Salaya-II Thermal Power Plant operated by Essar Power Gujarat Limited.
According to a press statement, the company will supply three 800 MW supercritical steam turbine and generator island packages for NTPC's Kudgi super thermal power project, Stage-I, in Kudgi. The equipment will be manufactured at the company's plant in Chennai.
Contract Value
The contract value is around Rs. 2300 crore and delivery of the equipment is expected to start in 2013, the press statement said.
The Kudgi project is NTPC's first in Karnataka, and the State Government had signed a memorandum of understanding (MoU) with NTPC in 2009 for the proposed project. According to the statement, Toshiba has already supplied five 830 MW supercritical steam turbines and generators for the Mundra Ultra Mega thermal power plant owned by Coastal Gujarat Power Ltd, a 100 per cent subsidiary of Tata Power Company, and will supply two 660-MW supercritical steam turbines and generators for the Salaya-II Thermal Power Plant operated by Essar Power Gujarat Limited.
Govt to boost investment in powerlooms
Mumbai: The government is planning to boost investment in power loom industry by opting for cluster development in the 12th five year plan (starting April 2012), said Mr A.B. Joshi, Textile Commissioner on Monday.
Speaking at the inaugural function of Texpo 2012, a buyer-seller meet and exhibition of power loom fabrics, made ups and home textiles, Mr Joshi said the Government will consider setting up of yarn banks to ensure availability of quality yarns to the textile industry.
The event was organised by Powerloom Development and Export Promotion Council (PDEXCIL) along with Hindustan Chamber of Commerce, Bharat Merchant Chamber and Mumbai Textile Merchants Mahajan.
Speaking at the inaugural function of Texpo 2012, a buyer-seller meet and exhibition of power loom fabrics, made ups and home textiles, Mr Joshi said the Government will consider setting up of yarn banks to ensure availability of quality yarns to the textile industry.
The event was organised by Powerloom Development and Export Promotion Council (PDEXCIL) along with Hindustan Chamber of Commerce, Bharat Merchant Chamber and Mumbai Textile Merchants Mahajan.
Bangladesh to set up India-specific SEZs
Kolkata: Encouraged by increasing apparel exports to India following a duty-free treaty (with India), Bangladesh is planning to set up two Special Economic Zones (SEZ) for specifically wooing Indian companies, Mr Abdul Matlub Ahmad, President, India Bangladesh Chamber of Commerce and Industry, said here on Monday.
Speaking on the sidelines of the Bangladesh, China, India and Myanmar (BCIM) Business Forum Meet, Mr Ahmad said that each of the SEZs will come up on 100-acre plots of land in Kishoreganj and Chattak, in Bangladesh. While the Kishoreganj SEZ will cater to garment manufacturers, the Chattak SEZ will be a multi-purpose zone. Both SEZs will be built by a private entity based in Bangladesh.
“We are targeting Indian garment manufacturers in such areas as Tirupur (Tamil Nadu) and Ludhiana (Punjab) for garment SEZs and we are receiving positive feedback,” Mr Ahmad said.
According to Mr Ahmad with a duty-free treaty, export to India is likely to double to $1 billion (approximately Rs 5,000 crore) by June 2012, from $500 million (approximately Rs 2,500 crore) last year. Meanwhile, the BCIM forum further discussed the need for greater regional co-operation between India and China, on the one hand, and the smaller countries of Myanmar and Bangladesh, on the other. Mr Sandipan Chakravortty, Managing Director, Tata Steel Processing & Distribution Ltd., said that bilateral trade between India and Bangladesh has remained more or less static and needs to grow.
He added that in the case of trade with China, India needs to emphasise on expanding its exports. Wine, telecommunications, food and beverages and education are some of the sectors with immense opportunities.
Speaking on the sidelines of the Bangladesh, China, India and Myanmar (BCIM) Business Forum Meet, Mr Ahmad said that each of the SEZs will come up on 100-acre plots of land in Kishoreganj and Chattak, in Bangladesh. While the Kishoreganj SEZ will cater to garment manufacturers, the Chattak SEZ will be a multi-purpose zone. Both SEZs will be built by a private entity based in Bangladesh.
“We are targeting Indian garment manufacturers in such areas as Tirupur (Tamil Nadu) and Ludhiana (Punjab) for garment SEZs and we are receiving positive feedback,” Mr Ahmad said.
According to Mr Ahmad with a duty-free treaty, export to India is likely to double to $1 billion (approximately Rs 5,000 crore) by June 2012, from $500 million (approximately Rs 2,500 crore) last year. Meanwhile, the BCIM forum further discussed the need for greater regional co-operation between India and China, on the one hand, and the smaller countries of Myanmar and Bangladesh, on the other. Mr Sandipan Chakravortty, Managing Director, Tata Steel Processing & Distribution Ltd., said that bilateral trade between India and Bangladesh has remained more or less static and needs to grow.
He added that in the case of trade with China, India needs to emphasise on expanding its exports. Wine, telecommunications, food and beverages and education are some of the sectors with immense opportunities.
Monday, February 20, 2012
Jindal steel to spend $300 million to develop new, existing mines in Africa
Johannesburg: Jindal Steel and Power, India's biggest producer of the alloy by market value, plans to spend $300 million in developing new and existing mines in Africa.
The move is part of the company's strategy to source coal assets abroad to meet raw material demand of its steel and power plants at home. Jindal Africa, the company's Africa subsidiary, would invest $250 million in developing a coalmine in Mozambique's coal-rich Moatize region, Ashish Kumar, CEO of Jindal Africa, told ET on the sidelines of an international mining meet.
He said the remaining funds would be used to expand the capacity of its mine in Piet Retief in South Africa's Mpumalanga province. Kumar said the Mozambique mine is expected to start operations this year, producing 1 million tonne of coal.
He said the company would raise its capacity to 10 mt over the next few years. The capacity of the South Africa mine would be raised from 0.8 mt to 1.3 mt by fiscal 2013, he said. The steel and power producer is expanding its footprint in Africa, a continent known for its rich and largely untapped mineral wealth.
Jindal Africa has so far acquired 30 prospecting licenses for coal, manganese , iron ore and diamonds in Tanzania, Zambia, Madagascar, Mozambique and South Africa. The group is also constructing rail and port infrastructure in Mozambique and has agreed to build a 2,600 MW thermal power plant in the country.
"We came into Africa only in 2008 and since then we have been investing in the projects," Kumar told Mining Indaba, a conference of mining companies from across the world. "It is only of late that we have decided to build our corporate brand presence across the continent ."
Jindal Africa was the first foreign company to secure a mining license in Mozambique. It was also the first to get into the difficult terrain south of Zambezi river. "Our presence there has opened up doors for many other investors to come into the region," said Manoj Gupta, country head of Jindal Africa.
"While we have made reasonable progress in Mozambique and South Africa, we are at an exploratory stage in Tanzania, Zambia and Madagascar. It will take us 2 to 3 years to take up mining there."
The move is part of the company's strategy to source coal assets abroad to meet raw material demand of its steel and power plants at home. Jindal Africa, the company's Africa subsidiary, would invest $250 million in developing a coalmine in Mozambique's coal-rich Moatize region, Ashish Kumar, CEO of Jindal Africa, told ET on the sidelines of an international mining meet.
He said the remaining funds would be used to expand the capacity of its mine in Piet Retief in South Africa's Mpumalanga province. Kumar said the Mozambique mine is expected to start operations this year, producing 1 million tonne of coal.
He said the company would raise its capacity to 10 mt over the next few years. The capacity of the South Africa mine would be raised from 0.8 mt to 1.3 mt by fiscal 2013, he said. The steel and power producer is expanding its footprint in Africa, a continent known for its rich and largely untapped mineral wealth.
Jindal Africa has so far acquired 30 prospecting licenses for coal, manganese , iron ore and diamonds in Tanzania, Zambia, Madagascar, Mozambique and South Africa. The group is also constructing rail and port infrastructure in Mozambique and has agreed to build a 2,600 MW thermal power plant in the country.
"We came into Africa only in 2008 and since then we have been investing in the projects," Kumar told Mining Indaba, a conference of mining companies from across the world. "It is only of late that we have decided to build our corporate brand presence across the continent ."
Jindal Africa was the first foreign company to secure a mining license in Mozambique. It was also the first to get into the difficult terrain south of Zambezi river. "Our presence there has opened up doors for many other investors to come into the region," said Manoj Gupta, country head of Jindal Africa.
"While we have made reasonable progress in Mozambique and South Africa, we are at an exploratory stage in Tanzania, Zambia and Madagascar. It will take us 2 to 3 years to take up mining there."
Bangalore, Ahmedabad and Kolkata IIMs make it to Asia-Pacific top 10 again
Bangalore: The Indian Institutes of Management (IIMs) - Bangalore, Ahmedabad and Calcutta - continue to be the quality B-schools in the country.
The trio has figured in the top 10 in the Asia-Pacific region. The QS Global 200 Business Schools Report 2012 has put these B-schools among other Indian schools in the global rankings.
IIM-Ahmedabad is ranked second, IIM-Bangalore's rank is fifth and IIM-Calcutta is ranked eighth.
IIM-A and IIM-C have shown the biggest improvement in employer opinion this year in the region by improving four places.
Indian School of Business has been ranked seventh, S P Jain Institute of Management and Research is at 16 and Indian Institute of Foreign Trade at 21.
INSEAD, Singapore is number one in the region for the third consecutive year. Melbourne Business School (University of Melbourne, Australia), NUS Business School, ( National University of Singapore) and University of New South Wales were some of the other institutes that featured among the top 10 in the region.
The QS global report, which originated in the early 1990s, provides a detailed overview of the most popular business schools around the world based on information given by global recruiters.
It lists out 200 business schools from which employers prefer to recruit MBAs. The ratings are made regionwise (Africa and the Middle East; Asia-Pacific; Europe; Latin America; North America) and MBA specialization ratings.
According to the report, even though business schools in the United States and Europe remain the most popular destinations for MBA, schools in other partsm, like in the Asia-Pacific, are gaining popularity.
"Business schools in the Asia-Pacific region are looking at the standard of top American and European institutions as indicators of how they compare and where they could improve. Furthermore, the economic growth in some Asian countries, particularly in China and India, has heightened the demand for more accredited business schools in the region in order to train the next generation of successful business leaders," says the report.
"IIM-B has shown gradual improvements in the ratings, climbing from sixth (2009) to fifth (2010) and this year missed the top cluster by just 2.7 points," the report says.
However, there is a worry about international student enrolment.
"Many of Asia's business schools lack in international student enrolment, causing concern among employers who are looking for graduates to work in a multinational environment," the report says.
The percentage of international students in IIM-A, IIM-B, IIM-C and ISB is 1, 10, 3 and 5 respectively.
The trio has figured in the top 10 in the Asia-Pacific region. The QS Global 200 Business Schools Report 2012 has put these B-schools among other Indian schools in the global rankings.
IIM-Ahmedabad is ranked second, IIM-Bangalore's rank is fifth and IIM-Calcutta is ranked eighth.
IIM-A and IIM-C have shown the biggest improvement in employer opinion this year in the region by improving four places.
Indian School of Business has been ranked seventh, S P Jain Institute of Management and Research is at 16 and Indian Institute of Foreign Trade at 21.
INSEAD, Singapore is number one in the region for the third consecutive year. Melbourne Business School (University of Melbourne, Australia), NUS Business School, ( National University of Singapore) and University of New South Wales were some of the other institutes that featured among the top 10 in the region.
The QS global report, which originated in the early 1990s, provides a detailed overview of the most popular business schools around the world based on information given by global recruiters.
It lists out 200 business schools from which employers prefer to recruit MBAs. The ratings are made regionwise (Africa and the Middle East; Asia-Pacific; Europe; Latin America; North America) and MBA specialization ratings.
According to the report, even though business schools in the United States and Europe remain the most popular destinations for MBA, schools in other partsm, like in the Asia-Pacific, are gaining popularity.
"Business schools in the Asia-Pacific region are looking at the standard of top American and European institutions as indicators of how they compare and where they could improve. Furthermore, the economic growth in some Asian countries, particularly in China and India, has heightened the demand for more accredited business schools in the region in order to train the next generation of successful business leaders," says the report.
"IIM-B has shown gradual improvements in the ratings, climbing from sixth (2009) to fifth (2010) and this year missed the top cluster by just 2.7 points," the report says.
However, there is a worry about international student enrolment.
"Many of Asia's business schools lack in international student enrolment, causing concern among employers who are looking for graduates to work in a multinational environment," the report says.
The percentage of international students in IIM-A, IIM-B, IIM-C and ISB is 1, 10, 3 and 5 respectively.
Crowning glory: Indira Gandhi International Airport second best in the world
New Delhi: Delhi's IGI airport has been ranked the second-best airport in the world for 2011by theAirportsCouncil International. The airport scored this distinction in the category of airports with 25-40 million passengers per annum. Last year , it had been ranked fourth in the same category. The airport scored 4.72 of a possible 5 in the airport service quality index , coming 6in the overall airport ranking for 2011.
This is a massive jump for the airport which, before privatization in 2007, had scored 3.02 on the ASQ and did not manage a rank in the top 100. Delhi International Airport (P) Ltd (DIAL) commended the efforts of agencies such as customs , immigration , CISF , airlines , concessionaires , housekeeping and other support staff for contributing to the image make-over for the airport.
DIAL's CEO I Prabhakara Rao said : "IGIA has come a long way in the last five years since we took over. We have ensured that quality has become a way of life not just with DIAL employees , but with all stakeholders of the IGI airport family. We are confident that all 30 ,000 plus members of the IGI airport family will continue to strive for excellence and we hope to improve our position even further in the coming years."
IGI airport handled a record number of 35 million passengers in 2011. The airport has an annual passenger capacity of over 60 million of which terminal 3 can alone handle 34 million passengers. The airport also handled over 6 lakh tonnes of cargo and over 3 lakh aircraft movements in 2011.
Airports Council International is the only global trade representative of airports with 580 members operating from 1,650 airports in 179 countries and territories.
This is a massive jump for the airport which, before privatization in 2007, had scored 3.02 on the ASQ and did not manage a rank in the top 100. Delhi International Airport (P) Ltd (DIAL) commended the efforts of agencies such as customs , immigration , CISF , airlines , concessionaires , housekeeping and other support staff for contributing to the image make-over for the airport.
DIAL's CEO I Prabhakara Rao said : "IGIA has come a long way in the last five years since we took over. We have ensured that quality has become a way of life not just with DIAL employees , but with all stakeholders of the IGI airport family. We are confident that all 30 ,000 plus members of the IGI airport family will continue to strive for excellence and we hope to improve our position even further in the coming years."
IGI airport handled a record number of 35 million passengers in 2011. The airport has an annual passenger capacity of over 60 million of which terminal 3 can alone handle 34 million passengers. The airport also handled over 6 lakh tonnes of cargo and over 3 lakh aircraft movements in 2011.
Airports Council International is the only global trade representative of airports with 580 members operating from 1,650 airports in 179 countries and territories.
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