New record: IIM-Ranchi marked 100% placement

This season of placements at Indian Institute of Management witnessed some exceptional numbers. After IIM-A beat the market blues in the placement season now its time for IIM-C to continue the legacy. Economic slowdown not withstanding, the slot zero of Indian Institute of Management, Calcutta (IIM-C)'s final placement process saw finance and consulting majors recruiting students from the campus. As it comes to close IIM-Ranchi has once again topped in terms of placements. The institute has become the first B-school to wrap up its final placements in the group of newly established IIMs in the country.

The committee members who organized the placement at Indian Institute of Management left no stone unturned and have finally found suitable job offers for the large-sized batch comprising 154 candidates from leading companies in the field of marketing, HR, operations and analytics.

The officials of IIM-R placement cell, claims that it has become the 1st IIM among those which have been recently established to get cent percent placements.

"The batch of 154 management trainees was 2.5 times bigger than the previous batch. IIM-R has faired well in the final placements with job offers for students from 65 domestic and international companies, in addition to 34 new companies in the list," said Sunny Sumanshu of the placement cell.

Officials in the placement committee said, "Among the B-school graduates from the new IIMs, IIM-R students have received the highest stipend, which is close to Rs 1.70 lakh in the domestic market, while the average stipend is Rs 52, 000."

Among the top global and Indian firms, which came for recruitmets this month, are HSBC, JP Morgan Chase, Societe Generale, ICICI, Yes Bank, Kotak Mahindra, ING Vysya, First Rand Bank, Fullerton Securities, Unicon Securities, and IL&FS from the finance domain, whereas from HR the recruiters included Michael Page, RPG, Beckton Dickinson, UB Spirits, Heidrick and Struggles, ABC consultants, HT Media, Mizuho Securities, Maruti, Godfrey Phillips, Escorts, WWF, Berger Paints, IL&FS, Globe capital and Stanton Chase. KPMG offered live projects to 6 students of the PGDHRM batch.

Apart from several MNC banks visiting the campus, the IIM students will also be working for a boutique investment banking firm based in Mumbai.

The official added, "A manufacturer of snowmobiles, ATV and neighbourhood electric vehicles based in the US recruited exclusively from IIM-R. A major international sports retailer and manufacturer also offered marketing projects to our students. Niche profiles offered in the domain were Sports Management, International Marketing, Brand Management, Retail Management and e-commerce."

He even claimed that with an objective of becoming a leading institute in the field of business analytics, IIM-R signed an MoU with IBM for setting up a business analytics lab.

The institute also organized the first business analytics conclave, which witnessed participation from companies including AT Kearney, Capitol One, HP, IBM, HSBC Analytics and Fiserv. The recruiters who participated were PwC, Hewlett Packard, IBM, KPMG, Index Advisory, DataWise and IL&FS.

The final placements for the newbie IIM-R has surpassed expectations with record placements in such a short span of time.


Source: TOI

Kota - The Epicentre of Coaching in Competitive Exam Season

There are roughly 1.5 lakh young boys and girls that are presently studying in one or the other coaching institutes in the city. As per the official website of Kota, there exists 129 big and small coaching institutes in this city in Hadauti region of Rajasthan. They teach basically for joint engineering entrance tests — IIT- JEE (JEE Main+ Advance)/ AIEEE (JEE Main) — and pre- medical tests.

What V. K. Bansal, founder of Bansal classes and now its chairmancum- managing director, started as tuition classes in 1981 has now become the famous Bansal Classes Pvt Ltd. Following Bansal’s footsteps, several coaching institutes have mushroomed in Kota and it forms a major part of the ` 20,000 crore coaching industry in India.

Most of the premier coaching institutes have their new campuses in Kota’s Indraprasth Industrial Area developed by the Rajasthan State Industrial Development and Investment Corporation ( RIICO), the state enterprise for industrial promotion.

Several electronic units sold out their industrial sheds to coaching institutes and the the industrial area has promptly changed into a commercial one.

Cut- throat competition A student has to pay as much as ` 1 lakh tuition fee and an equal amount on lodging and boarding, Anonymous said. It makes the coaching market of Kota worth ` 300 crore. As such, unlike traditional tuition centres, top institutes not only look, behave and have a corporate approach but are engaged in cut- throat competition. Latest to join the market is Eduwave launched by three Jain- brothers who were the faculty members at Bansal Classes.

The corporate character is also attracting big investment companies. Equity broker and financial services group CLSA and Milestone Religare, which have their headquarters in Hong Kong, have reportedly invested ` 100 crore and ` 60 crore respectively in Resonance Eduventures.

Franklin Templeton and Nadathur Group, owned by N. S. Raghavan of Infosys, have invested ` 50 crore and ` 54 crore respectively in the rival Career Point.

“ This unhealthy competition has had its negative impact on the students as they lose faith in the system of education that Kota was known for. Students don’t know when their teacher will shift to another institute,” Bansal said. In some cases bright students, too are stolen by rival institutes by offering financial allurement in the form of scholarships and even cash, he added.

The annual pay package of a teacher ranges between ` 15 lakh to ` 50 lakh and may go up to ` 2 crore in the case of a star teacher, Jain said.

“ It is in this background that getting an opportunity to teach in an institute has become a status symbol even for those employed in government schools,” social activist Brijesh Vijayvargia said.

The mushrooming of coaching institutes has not only given an economic boost with several hostels and paying guest accommodations coming up in the vicinity of the institutes but has also placed Kota in a prominent place on India’s academic map.

Source: Mailtoday.in

Underwater Optic Fiber Cable cut; Internet services affected nationwide

IS your Internet connection running frustratingly slow? Are your e- mails not going? Are you having problems with mobile connectivity? The bad news is that worse is headed your way in the coming days after a band of scuba divers hacked undersea cables off the coast of Egypt last week.


India’s access to overseas Internet content has been disrupted after four crucial undersea cables were damaged. The entire access link is now being routed through submarine cables across the Pacific after the disruption on the Atlantic route. Major Indian telecom companies such as BSNL, MTNL, Bharti Airtel and Tata Teleservices have been facing Internet disruptions and slowdowns but they expect normalcy in the next 10 days or so. The majority of voice and data signals are transmitted through these cables. 

The four cables that have been sabotaged include EIG ( Europe India Gateway) that connects India with 11 European, African and West Asian nations, TGN- Intra Asia Cable System ( TGN- IA), SEA- ME- WE4 South East Asia– Middle East– Western Europe4) and I- ME- WE ( India- Middle East- Western Europe). The repairs could take anywhere between a few days and more than a week.

“ We have cross- connected our network in different cable areas in the affected cable.
We have also aligned our network tariff through three other cables on Atlantic route,” said a top Bharti Airtel official. Vodafone India said it does not have exposure to network via cable submarine, so it is not affected. A submarine communications cable is a cable laid on the seabed between landbased stations to carry telecommunication signals across stretches of ocean. The first submarine communications cables, laid in the 1850s, carried telegraphy traffic. Modern cables use optical fibre technology to carry digital data, which include telephone, Internet and private data traffic.




State- run BSNL said its networks have slowed down by at least 21 per cent. “ Because of this disruption, BSNL has lost around 21 per cent of its total international bandwidth. BSNL is pursuing with its international bandwidth partners to restore the connectivity expeditiously,” said a BSNL official. Action is being taken by BSNL to divert the domestic traffic judiciously ensuring that the request for Internet bandwidth is passed on the international gateway only if found necessary.


“ This sudden unexpected bandwidth reduction in the international bandwidth is suspected to cause some delay in accessing various international sites and their responses,” the BSNL said in a statement. Reliance Communications, which has a good number of data subscribers, said all its cable systems that operate under Reliance Globalcom are normal. “ Reliance has 200 gigabits of available capacity to serve the needs of the impacted service providers,” said a top RCom official.


A telecom ministry official said the recent sabotage of submarine cables was not an isolated case. “ In 2008 there were three separate incidents of major damage to submarine optical cables. The incident caused damage involving up to five high- speed Internet submarine communications cables in the Mediterranean Sea and Middle East between January 23 and February 4, 2008, which led to Internet disruptions and slowdowns in India and the Middle East,” said the official.


The official said that the international consortium of operators in the affected region are working on repair and restoring services of the affected submarine cable system.

Source: mailtoday

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