Mumbai: A report by Quacquarelli Symonds (QS) on the value of MBA programmes around the world in terms of graduate employability has shown Indian Institute of Management, Ahmedabad ( IIM-A&select=1 target=_blank style=text-decoration:none;cursor:hand;>IIM-A), is among the top three business schools in the Asia-Pacific region. IIM-A stands at second position in the region. But, Indian business schools failed to feature among the top three schools across the world, in terms of subject specialisation.
The report, looking into MBA graduate employability, has identified London Business School, INSEAD-France and Harvard Business School as the preferred choice of international recruiters.
The QS Global 200 Business Schools Report provides an alternative to traditional MBA rankings, by highlighting the value of MBA programmes around the world, according to the qualification’s end-consumer, the MBA employer.
The report points to a leading cluster of 39 ‘elite global’ business schools spread across North America (22), Europe (14) and Asia-Pacific (3). While in the US, 15 ‘elite global’ schools are unsurpassed, the report showed that only Harvard Business School boasts a comparable employer reputation to the London Business School and INSEAD-France.
Nunzio Quacquarelli, managing director of QS, said, “This year’s report finds a record number of companies turning towards hiring MBAs, underlining the value of the qualification in today’s globalised economy. This edition of the QS Global 200 Business Schools Report reveals the graduates of Europe’s top business schools are increasingly in demand for their ability to lead and innovate in the workplace and for transferring best practice management skills to fast-growing emerging economies around the world.”
While Europe and North America dominate in terms of overall employability and salaries, it was found candidates at Indian schools emerged as the world’s most academically qualified. “Average GMAT scores at Indian Institute of Management-Bangalore and Indian Institute of Management-Ahmedabad are the highest in the world, comfortably ahead of any of the top schools from Europe or the US,” said the QS release.
Further, it showed that graduates from top European schools earned higher average salaries than their North American counterparts. Graduate salaries at Europe’s schools averaged $109,300 (Rs 59.5 lakh), compared to $101,100 (Rs 55 lakh) in North America.
However, while Europe’s schools performed well for employability and graduate salaries, when it came to subject specialisation, the US schools dominated.
For the study, 3,000-plus responses from employers of business school graduates were taken. The respondents were asked to identify the business schools they preferred to recruit from. Respondents also identified business schools they deemed to produce excellent hires in 10 areas of elective specialisation — finance, strategy, marketing, entrepreneurship, corporate social responsibility, information management, innovation, leadership, operations management, and international management.
Success in my Habit
Thursday, December 6, 2012
Export-Import Bank of India (EXIM) to open a representative office in Myanmar
Guwahati: In order to increase the bilateral trade between the Northeast India and Myanmar, Export-Import Bank of India (EXIM) will open a representative office in Myanmar.
Chairman & Managing director of the bank, T.C.A Ranganathan who was in Guwahati on Wednesday said that opening of the trade link with Myanmar and transit facility with Bangladesh will open new opportunities for the organic agriculture produce of Northeast India. EXIM bank has extended line of credit to Bangladesh and Myanmar.
Exim bank has 10 offices across the country and seven offices across the world. Northeast India accounts for Rs 1000 Crore export out of which agriculture account for less than 5 percent. He said, " We have applied for permission and expecting to start the office in next couple of months."
Bulk of the export is tea, coal and limestone. According to Union commerce ministry the formal border trade across the Northeast is less than 1% of India's exports. The informal trade across the borders in Manipur, Mizoram and Assam is far higher than what gets registered through the formal trade channels.
Chairman & Managing director of the bank, T.C.A Ranganathan who was in Guwahati on Wednesday said that opening of the trade link with Myanmar and transit facility with Bangladesh will open new opportunities for the organic agriculture produce of Northeast India. EXIM bank has extended line of credit to Bangladesh and Myanmar.
Exim bank has 10 offices across the country and seven offices across the world. Northeast India accounts for Rs 1000 Crore export out of which agriculture account for less than 5 percent. He said, " We have applied for permission and expecting to start the office in next couple of months."
Bulk of the export is tea, coal and limestone. According to Union commerce ministry the formal border trade across the Northeast is less than 1% of India's exports. The informal trade across the borders in Manipur, Mizoram and Assam is far higher than what gets registered through the formal trade channels.
Export-Import Bank of India (EXIM) to open a representative office in Myanmar
Guwahati: In order to increase the bilateral trade between the Northeast India and Myanmar, Export-Import Bank of India (EXIM) will open a representative office in Myanmar.
Chairman & Managing director of the bank, T.C.A Ranganathan who was in Guwahati on Wednesday said that opening of the trade link with Myanmar and transit facility with Bangladesh will open new opportunities for the organic agriculture produce of Northeast India. EXIM bank has extended line of credit to Bangladesh and Myanmar.
Exim bank has 10 offices across the country and seven offices across the world. Northeast India accounts for Rs 1000 Crore export out of which agriculture account for less than 5 percent. He said, " We have applied for permission and expecting to start the office in next couple of months."
Bulk of the export is tea, coal and limestone. According to Union commerce ministry the formal border trade across the Northeast is less than 1% of India's exports. The informal trade across the borders in Manipur, Mizoram and Assam is far higher than what gets registered through the formal trade channels
Chairman & Managing director of the bank, T.C.A Ranganathan who was in Guwahati on Wednesday said that opening of the trade link with Myanmar and transit facility with Bangladesh will open new opportunities for the organic agriculture produce of Northeast India. EXIM bank has extended line of credit to Bangladesh and Myanmar.
Exim bank has 10 offices across the country and seven offices across the world. Northeast India accounts for Rs 1000 Crore export out of which agriculture account for less than 5 percent. He said, " We have applied for permission and expecting to start the office in next couple of months."
Bulk of the export is tea, coal and limestone. According to Union commerce ministry the formal border trade across the Northeast is less than 1% of India's exports. The informal trade across the borders in Manipur, Mizoram and Assam is far higher than what gets registered through the formal trade channels
Fruit, vegetable exports up 24% in 2011-12
New Delhi: The export of fruit and vegetables, including processed food items, have risen 24 per cent in value terms to Rs 8,241 crore in 2011-12 over Rs 6,638 crore in the previous year. This information was given by the Minister of State for Commerce and Industry D. Purandeswari in a written reply to Lok Sabha on Wednesday.
Exports of onions fell marginally to Rs 1,723 crore in 2011-12 against Rs 1,779 crore in the previous year. Fresh vegetables were up 43 per cent at Rs 1,299 crore (Rs 910 crore). Similarly, the shipments of fresh fruits were up 48 per cent at Rs 736 crore (Rs 496 crore).
The exports of fresh grapes increased to Rs 603 crore (Rs 428 crore), while walnuts increased to Rs 231 crore (Rs 166 crore). The exports of fresh mangoes stood at Rs 210 crore (Rs 165 crore).
The effect of growth in export of fruits and vegetables on the Indian market does not seem to be visible as the share of exports of fruits and vegetables were only 0.55 per cent and 1.24 per cent, respectively, of their total production in 2010-11, the Minister said.
Exports of onions fell marginally to Rs 1,723 crore in 2011-12 against Rs 1,779 crore in the previous year. Fresh vegetables were up 43 per cent at Rs 1,299 crore (Rs 910 crore). Similarly, the shipments of fresh fruits were up 48 per cent at Rs 736 crore (Rs 496 crore).
The exports of fresh grapes increased to Rs 603 crore (Rs 428 crore), while walnuts increased to Rs 231 crore (Rs 166 crore). The exports of fresh mangoes stood at Rs 210 crore (Rs 165 crore).
The effect of growth in export of fruits and vegetables on the Indian market does not seem to be visible as the share of exports of fruits and vegetables were only 0.55 per cent and 1.24 per cent, respectively, of their total production in 2010-11, the Minister said.
US seed fund 500 Startups invests in Bangalore's tech firm ZipDial, closes tenth deal in India
Bengaluru: US-based 500 Startups, a seed fund that began investing in India just over a year ago, has closed its tenth deal in the country, backing technology startup ZipDial.
Paul Singh, partner at 500 Startups, said the investment was higher than the typical $250,000 ( Rs 1.3 crore) the fund invests in early-stage companies but was under $500,000. Bangalore-based ZipDial, founded by Valerie Rozycki Wagoner, Sanjay Swamy and Amiya Pathak in 2010, has developed a mobile-engagement platform, which is based on the distinctively Indian concept of a "missed call".
A consumer just needs to make a call to a unique ZipDial number a company provides and disconnect after a single ring to receive an SMS or a call with details that the company wishes to provide.
The company counts Hindustan Unilever, P&G, Disney and Puma among its clients in India and has also expanded operations to the Caribbean with clients like Pepsi and KFC. By January 2013, it will launch services in Bangladesh and is targeting Indonesia, the Philippines and Nigeria later in the year.
The company, which aims to reach $1 million in revenue this financial year, received angel funding in April 2011 from Mumbai Angels, Blume Ventures and a handful of US-based angel investors. 500 Startups, which takes up to 7% stake in a startup, has invested in India-based ventures such as MyGola, TradeBriefs, Instamojo, Walletkit and Gazematrix. "We want to be the most active early stage investor in India," said Singh.
Paul Singh, partner at 500 Startups, said the investment was higher than the typical $250,000 ( Rs 1.3 crore) the fund invests in early-stage companies but was under $500,000. Bangalore-based ZipDial, founded by Valerie Rozycki Wagoner, Sanjay Swamy and Amiya Pathak in 2010, has developed a mobile-engagement platform, which is based on the distinctively Indian concept of a "missed call".
A consumer just needs to make a call to a unique ZipDial number a company provides and disconnect after a single ring to receive an SMS or a call with details that the company wishes to provide.
The company counts Hindustan Unilever, P&G, Disney and Puma among its clients in India and has also expanded operations to the Caribbean with clients like Pepsi and KFC. By January 2013, it will launch services in Bangladesh and is targeting Indonesia, the Philippines and Nigeria later in the year.
The company, which aims to reach $1 million in revenue this financial year, received angel funding in April 2011 from Mumbai Angels, Blume Ventures and a handful of US-based angel investors. 500 Startups, which takes up to 7% stake in a startup, has invested in India-based ventures such as MyGola, TradeBriefs, Instamojo, Walletkit and Gazematrix. "We want to be the most active early stage investor in India," said Singh.
Shiv Nadar varsity ties up with North Carolina's Duke varsity
Chennai: The Shiv Nadar University has tied up with Duke University of North Carolina to collaborate in research, teaching and student and faculty exchange programmes.
The alliance envisages bringing in Duke’s expertise up to the school level in identifying talent and upgrading education systems.
A press release from Shiv Nadar University based in Noida said the alliance will pave the way for the two institutions to partner in academic programmes and experiential learning opportunities for the faculty and students. They will also work under the aegis of Duke’s Talent Identification Program (TIP) to develop educational activities for students in India.
Duke University will assist SNU in institutional development including supporting curricula development; faculty recruitment and development; identifying and implementing best practices in university administration and other forms of institutional development.
A core team comprising key people from both universities will support the initiatives and assist in the development and implementation.
Established in 1980, Duke’s TIP provides resources for gifted elementary, middle and high school students, their parents, educators, and schools for the development of students’ optimal educational potential. The alliance will provide assistance to the SNU School of Education to help develop curriculum for the programme.
Duke TIP’s first collaborative program with SNU will take place this February , when the two organisations will co-host a conference for Indian educators to share best practices to identify, plan curriculum for, and evaluate the learning of gifted students.
The alliance envisages bringing in Duke’s expertise up to the school level in identifying talent and upgrading education systems.
A press release from Shiv Nadar University based in Noida said the alliance will pave the way for the two institutions to partner in academic programmes and experiential learning opportunities for the faculty and students. They will also work under the aegis of Duke’s Talent Identification Program (TIP) to develop educational activities for students in India.
Duke University will assist SNU in institutional development including supporting curricula development; faculty recruitment and development; identifying and implementing best practices in university administration and other forms of institutional development.
A core team comprising key people from both universities will support the initiatives and assist in the development and implementation.
Established in 1980, Duke’s TIP provides resources for gifted elementary, middle and high school students, their parents, educators, and schools for the development of students’ optimal educational potential. The alliance will provide assistance to the SNU School of Education to help develop curriculum for the programme.
Duke TIP’s first collaborative program with SNU will take place this February , when the two organisations will co-host a conference for Indian educators to share best practices to identify, plan curriculum for, and evaluate the learning of gifted students.
Piramal arm acquires market analytics firm in UK
Mumbai: Piramal Enterprises has acquired the UK-based market analytics company Abacus International, giving it access to the European markets.
The deal comes about six months after Piramal Enterprises had acquired Massachusetts-based market analytics company Decision Resources Group (DRG) for Rs 3,400 crore.
In fact, the latest acquisition of 17-year-old Abacus is through DRG, now a Piramal Enterprises subsidiary, the company said, without disclosing financial details of the transaction.
It is a small transaction, a company official said, adding that it would be financed through internal resources and local debt.
The value of the deal is the access DRG (and Piramal) get to European markets.
Abacus International develops evidence-based global market access solutions for several global healthcare companies.
It will be part of the Market Access Business Unit at DRG that currently includes the brands: Fingertip Formulary, HealthLeaders-InterStudy, PharmaStrat and Pinsonault, a Piramal note said. Abacus differentiates itself by offering integrated market access solutions across the entire product lifecycle from payer strategy, through technical disciplines such as modelling and systematic review to value communications and health technology assessment.
An in-house multimedia team enables Abacus to differentiate their service offering using innovative software solutions including Web, mobile and iPad® applications.
The acquisition is part of DRG’s overall strategy to acquire and/or build leading brands that can leverage each other’s thought leadership to create products and services for the healthcare industry.
Abacus International will remain headquartered in Bicester, England, the note added.
Results Healthcare, a division of Results International, acted as advisors to Abacus International.
The deal comes about six months after Piramal Enterprises had acquired Massachusetts-based market analytics company Decision Resources Group (DRG) for Rs 3,400 crore.
In fact, the latest acquisition of 17-year-old Abacus is through DRG, now a Piramal Enterprises subsidiary, the company said, without disclosing financial details of the transaction.
It is a small transaction, a company official said, adding that it would be financed through internal resources and local debt.
The value of the deal is the access DRG (and Piramal) get to European markets.
Abacus International develops evidence-based global market access solutions for several global healthcare companies.
It will be part of the Market Access Business Unit at DRG that currently includes the brands: Fingertip Formulary, HealthLeaders-InterStudy, PharmaStrat and Pinsonault, a Piramal note said. Abacus differentiates itself by offering integrated market access solutions across the entire product lifecycle from payer strategy, through technical disciplines such as modelling and systematic review to value communications and health technology assessment.
An in-house multimedia team enables Abacus to differentiate their service offering using innovative software solutions including Web, mobile and iPad® applications.
The acquisition is part of DRG’s overall strategy to acquire and/or build leading brands that can leverage each other’s thought leadership to create products and services for the healthcare industry.
Abacus International will remain headquartered in Bicester, England, the note added.
Results Healthcare, a division of Results International, acted as advisors to Abacus International.
Australian Tourism Minister Calls for Direct Air Connectivity to Boost Toursim
New Delhi: The Australian Tourism Minister Mr. Martin Ferguson has called for direct air connectivity between India and Australia to boost tourism. He stated this during his discussion with Union Tourism Minister Shri K.Chiranjeevi here today. Both the Ministers also expressed their resolve to strengthen bilateral tourism cooperation. Referring to the recent road shows organized by India Tourism in Australia, Shri Chiranjeevi expressed the hope that such shows will contribute to more tourist inflow from Australia. The Minister also suggested creation of a joint Tourism forum where the Tour Operators, Hoteliers, Airlines and other tourism stakeholders form both the countries may exchange the ideas for promotion and development of tourism between both the countries. He also expressed the views that both the countries should explore the possibilities of renewing the MoU on tourism cooperation which expired in 2008.The Minister also suggested easing of visa norms to boost tourism.
India and Australia are important tourism markets for each other. Australia is one of top 10 tourist generating markets for India as far as inbound tourism is concerned. Number of Australian visited India during the last five years were :
2007 2008 2009 2010 2011
135925 146209 149074 169647 186002
India tourism Office in Sydney looks after promotion and marketing of India in Australia. Overall the marketing efforts have been directed at re-enforcing the brand and creating year round traffic. India Tourism office regularly undertake comprehensive promotion, developing partnership with airlines, the travel industry, media, community groups and Government.
Ministry of Tourism in association with Indian Association of Tour Operators organized road shows in Sydney and Melbourne in October this year. The Ministry of Tourism hosted the visit of tour operators, travel agents, opinion makers, TV team, travel writers, etc. from Australia numbering 35 in 2011-12 and 16 till date during 2012-13 on familiarisation tour of India under its hospitality scheme.
India and Australia are important tourism markets for each other. Australia is one of top 10 tourist generating markets for India as far as inbound tourism is concerned. Number of Australian visited India during the last five years were :
2007 2008 2009 2010 2011
135925 146209 149074 169647 186002
India tourism Office in Sydney looks after promotion and marketing of India in Australia. Overall the marketing efforts have been directed at re-enforcing the brand and creating year round traffic. India Tourism office regularly undertake comprehensive promotion, developing partnership with airlines, the travel industry, media, community groups and Government.
Ministry of Tourism in association with Indian Association of Tour Operators organized road shows in Sydney and Melbourne in October this year. The Ministry of Tourism hosted the visit of tour operators, travel agents, opinion makers, TV team, travel writers, etc. from Australia numbering 35 in 2011-12 and 16 till date during 2012-13 on familiarisation tour of India under its hospitality scheme.
RBI, Bank of Japan ink currency swap pact to boost bilateral trade
Mumbai: The Reserve Bank of India and Bank of Japan have concluded a three-year bilateral currency swap arrangement between the two countries.
The agreement , which was signed by the RBI Governor D. Subbarao and BoJ Governor Masaaki Shirakawa, has become effective as of December 4.
The arrangement aims at addressing short-term liquidity difficulties and supplementing the existing international financial arrangements, as one of the efforts in strengthening mutual cooperation between Japan and India.
The pact will enable both countries to swap their local currencies (i.e., either Japanese yen or Indian rupee) against US dollar for an amount up to $15 billion. In the past, both countries had a similar arrangement for an amount up to $3 billion for a period of three years from June 2008 to June 2011.
The pact will further strengthen economic and financial cooperation between the two countries and accordingly contribute to ensuring financial market stability, said an RBI statement.
The agreement , which was signed by the RBI Governor D. Subbarao and BoJ Governor Masaaki Shirakawa, has become effective as of December 4.
The arrangement aims at addressing short-term liquidity difficulties and supplementing the existing international financial arrangements, as one of the efforts in strengthening mutual cooperation between Japan and India.
The pact will enable both countries to swap their local currencies (i.e., either Japanese yen or Indian rupee) against US dollar for an amount up to $15 billion. In the past, both countries had a similar arrangement for an amount up to $3 billion for a period of three years from June 2008 to June 2011.
The pact will further strengthen economic and financial cooperation between the two countries and accordingly contribute to ensuring financial market stability, said an RBI statement.
Sunday, December 2, 2012
SpiceJet launches two new international flights from Kochi, Kerala
Kochi: SpiceJet Ltd, one of the leading low cost airlines, has announced the launch of two new international flights from Kerala.
The airline has launched daily flight from Kochi to the Maldivian capital Male from Thursday. In the second week of December the airline will introduce daily flight from Kochi to Dubai.
At present, SpiceJet is operating international flights from Delhi, Mumbai, Chennai and Madurai. Kochi has become the fifth destination in India from where the airline has started international flights. The airline has deployed the Bombardier Q400 aircraft, with a capacity of 78 passengers, in the Kochi-Male route.
The airline will soon be launching daily direct flights from Ahmedabad to Dubai. Spokesmen of SpiceJet said that Boeing 737-800 will be deployed in the Kochi to Dubai and Ahmedabad to Dubai routes.
The airline has launched daily flight from Kochi to the Maldivian capital Male from Thursday. In the second week of December the airline will introduce daily flight from Kochi to Dubai.
At present, SpiceJet is operating international flights from Delhi, Mumbai, Chennai and Madurai. Kochi has become the fifth destination in India from where the airline has started international flights. The airline has deployed the Bombardier Q400 aircraft, with a capacity of 78 passengers, in the Kochi-Male route.
The airline will soon be launching daily direct flights from Ahmedabad to Dubai. Spokesmen of SpiceJet said that Boeing 737-800 will be deployed in the Kochi to Dubai and Ahmedabad to Dubai routes.
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