Innholdsfortegnelse for 14-Nov-21 i Business Today

One of the sectors that the Covid-19 pandemic has impacted severely is education. With colleges and schools shut owing to prolonged lockdowns, teaching had to move online to cope with the crisis. However, online education is just one of the interesting trends we see when it comes to management education. As Business Today brings to you the 2021 edition of the BT-MDRA Best B-schools ranking, the definitive listing of the country’s best business schools, there are quite a few new trends being witnessed. The most visible one is the accent on deep tech, where the best B-schools are focussing on artificial intelligence (AI) and machine learning (ML) to arm their students for the future. As data becomes all-pervasive, being proficient in AI and ML has become imperative for management students…

23% Year-on-year growth in total value of items sold ₹ 68 CRORE The worth of smartphones purchased every hour across platforms, accounting for 46 per cent sales 60% Total smartphone sales through the online mode, up from 55 per cent last year 17% Share of the fashion category, up from 14 per cent last year ₹ 32,000 CRORE The worth of goods sold online during peak festival sales period (October 2-10) ₹ 5,034 Average order value per shopper versus ₹4,980 last year 40 MILLION Number of shoppers from Tier-II and III cities 64% Market share occupied by Flipkart during peak festival sales period (October 2-10) 10-15% Estimated share of 'buy now pay later' schemes in total transactions this festive season SOURCES: REDSEER REPORT ‘ECOMMERCE FESTIVE SEASON 2021’; COUNTERPOINT RESEARCH…

CONSULTING BIGGIES LIKE Deloitte have been hiring several MBA graduates from the top Indian B-schools the past few years. You’d expect the company to hire based on management skills and, at best, soft skills. But there’s a new must-have in B-town—deep tech understanding. “If you do not have an idea about AI (artificial intelligence), ML (machine learning) and analytics and how to use them, you could be missing the woods for the trees. It is the bare minimum expectation we have of management graduates who join us,” says S.V. Nathan, Deloitte India’s Partner and Chief Talent Officer. Adds Aashish Kshetry, VP (HR & Systems) of Asian Paints, another frequent recruiter at the top B-schools: “Good data orientation coupled with domain knowledge is the best fit for us. So, we hire…

ERUDITUS ▸ Columbia Business School▸ Harvard Business School▸ IIM Calcutta▸ Imperial College▸ INSEAD▸ Kellogg School of Management▸ MIT Sloan School of Management▸ Rice University▸ UC Berkeley▸ Wharton School GREAT LEARNING ▸ Deakin University▸ IIT Bombay▸ IIT Madras▸ IIT Roorkee▸ National University of Singapore▸ Northwestern University▸ Stanford University▸ UT Austin UPGRAD ▸ Birla Institute of Management Technology▸ Deakin Business School▸ Duke University▸ Essex Business School▸ IIM Kozhikode▸ IIT Bombay▸ IIT Delhi▸ IIT Madras▸ IMT Ghaziabad▸ Jindal Global Business University▸ Liverpool Business School▸ Loyola Institute of Business Administration▸ Michigan State University▸ NMIMS▸ Swiss School of Business Management▸ University of Arizona EDUREKA ▸ IMT Ghaziabad▸ IIT Guwahati▸ IIT Kanpur▸ NIT Rourkela▸ NIT Warangal▸ Purdue University TALENTEDGE ▸ XLRI - Xavier School of Management▸ Cornell University▸ IIM Raipur▸ IIM Lucknow▸ American InterContinental University▸ MICA▸…

Dr. Vikram A Munshi, Founder of Whitespace Consulting says "As any person brought up in an educated middleclass home in the 80s, my aspiration too was to get a job in a good company where one works hard and then retires. Entrepreneurship was never in the radar. After completing my MBA, I started my career in 1996 with GSK Pharmaceuticals (earlier known as Glaxo India Ltd) as a Management Trainee. I was with GSK for 7 years before moving to Ranbaxy in 2002. In 2010, I decided to take a sabbatical for a year to do my Ph.D. During that time I took up small consulting projects and found it exhilarating. Still, It was a difficult choice leaving a high paying corporate job at the peak of my career to…

Excellence has been his hallmark since the beginning. He was the Madhya Pradesh state board topper in biology. He reveled in sports and extracurricular activities. In 1982, he joined the prestigious Gandhi Medical College, Bhopal. He finished the course with 13 gold medals and highest marks in the last semester of final year. He went to France for a diploma in GI Surgery, followed by an FRCS programme in UK. He earned fellowships in ivy-league colleges in the United States of America (USA) and UK. He emerged a seasoned medical practitioner. In 2000, Dr. Varshney returned to take charge of G. I. Surgery Department of Bhopal Medical Hospital. By sheer will power and hard work, he got the trust hospital equipped, furnished and staffed turning it into one of the…

THE LIST (1-53 / 100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc. which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out; ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, this may result in rounding off errors while adding the parameter-wise score. DNP = Did Not Participate THE LIST (54-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc.…

LAST YEAR, AT THE HEIGHT of the pandemic, Nisaba Godrej took over as Managing Director of Godrej Consumer Products Limited (GCPL). Having steered the group flagship through the turmoil, she recently handed over the CEO’s chair to HUL veteran Sudhir Sitapati, remaining in the role of Executive Chairperson. In a candid chat with Udayan Mukherjee, she talks about the trajectory of Godrej Consumer and her own life, the mistakes and learnings along the way, and what the name Godrej means to her. Edited excerpts: UM: Nisa, you relinquished executive charge as CEO earlier this year, but a fact which is not very well known is that apparently you had made quite a habit of frequently tendering resignations to your dad Adi Godrej earlier in your career. Of course, none of…

AMAZON 1 Increased storage capacity by around 40 per cent2 Added over 60 fulfillment centres in 15 states3 Launched shopping experience in regional languages like Tamil, Telugu, Kannada, Malayalam, Bengali and Marathi4 Has more than 150,000 Amazon-enabled local shops, kiranas and neighbourhood stores to serve customers across India5 Ramped up delivery infrastructure with close to 1,850 Amazon-owned and partner delivery stations; has 28,000 'I Have Space' partners and thousands of Amazon Flex delivery partners FLIPKART 11 Onboarded around 75,000 sellers over the past several months2 Hosted a 45 day-long 'Learning and Development Event' for its pan-India seller base, introducing best practices and insights3 Connected with over 5,000 offline branded retail stores from more than 300 cities in India4 Launched Flipkart Xtra, offering flexible earning opportunities to individuals, service agencies and…

AFTER MANY difficult moments, the disinvestment of Air India is finally done. For the Tata group, which bought the airline for ₹18,000 crore, life has come full circle; the saltto-software conglomerate had set it up in the 1930s. In a freewheeling conversation, Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) and the man who, arguably, pulled off the most complex privatisation exercise, opens up on how it was done. Edited excerpts: What were the inherent complexities in the sale of Air India? The first complexity was in how to structure the deal. This was because of the debt being large, apart from the many subsidiaries that existed. We had to decide what the right package was or ensure [that]the bidder was interested. Within this, we…

↗ 4.5 lakh youths have got government jobs till date. Government appointment of 3.5 lakh youths on contract↗ Loan of 2.1 lakh crore rupees disbursed among 82 lakh MSME units and around 2 crore people got employment.↗ 20 lakh people got employment under one district one product scheme. The Yogi government helped 60 lakh people in establishing their own business.↗ Jobs were given to more than 40 lakh workers who had returned from other states to their places.↗ Selection of 18000 women mates of self help groups under MGNREGA scheme. Self help groups increase livelihood in rural areas.↗ Record recruitment of 12,5987 teachers in the basic education department. Increase of 50 lakh students in primary schools.↗ Appointment of 250 professors, assistant professors and associate professors in government engineering colleges. Recruitment…

1 A major reason for supply-side disruptions is the global shortage of semiconductors—used in cars for navigation and infotainment systems, among other functions 2 A combination of factors has led to this shortage: disruption in the global semiconductor supply chain, inadequate investments, and rising technology demand because of work from home 3 A global shipping crisis, with backlogs at major ports, has added to the disruption 4 The backlog has pushed up freight costs and made aerial routes expensive 5 A sharp rise in commodity prices has also contributed to supply-side problems…

SEVERAL IIMs HAVE BEEN ADDING NEW DATA AND ANALYTICS-RELATED ELECTIVES TO THEIR GENERAL MANAGEMENT PROGRAMMES AS WELL 1 IIM AHMEDABAD INTRODUCED NEW COURSES ON AI & MARKETING, AI & HRM, ALGORITHM AND MARKETING, AND LEADING DIGITAL TRANSFORMATION LAST YEAR. IT ALSO LAUNCHED BRIJ DISA CENTRE FOR DATA SCIENCES AND ARTIFICIAL INTELLIGENCE IN AUGUST 2021. 2 IIM LUCKNOW OFFERS ELECTIVE OPTIONS LIKE DATA ANALYSIS, SOCIAL MEDIA ANALYTICS AND SUPPLY CHAIN ANALYTICS. 3 IIM INDORE ADDED ANALYTICS WITHIN DIFFERENT AREAS LAST YEAR, INCLUDING HR ANALYTICS, MARKETING AND ANALYTICS, DIGITAL MARKETING, ETC. AROUND 15% OF THE CURRICULUM OF SOME OF THE TOP GENERAL MANAGEMENT PROGRAMMES NOW FOCUSSES ON TECHNICAL SUBJECTS SUCH AS DATA ANALYTICS, AI AND ML…

DELHI’S ISHITA ARORA is only 16, but she has already secured a scholar-ship worth $10,000 from a business school in New Zealand. Gurugram’s Ahaan Chopra is gearing up to present his business idea—to sell fashionable and swanky shoelaces and lace clips—in the first season of Shark Tank India. He is 13. Anish Garg is also 13, but that didn’t stop him from taking his family’s pet adoption business in Bengaluru online during the pandemic Prodigies, you say? Hardly. These teenagers are normal kids like any other. They play and hang around with friends—with social distancing—and talk about games and movies, among other things. But there’s a twist. All three, and thousands of other teen-agers like them, have been exposed to real-life first-hand experiences in dealing with a business problem and…

Double engine government is also a crucial factor in this development. The Young Chief Minister of state, Pushkar Singh Dhami who is taking personal interest in all the connectivity related projects has met many ministers and officials in central government for early completion of big projects and urged then to expedite the work so that the people of the state can get facilities of hassle-free movement as early as possible. Some of these projects would be a game changer for the state. RAIL CONNECTIVITY Work on the Rishikesh-Karanprayag Rail line is going on swiftly and the first train on the track will run in 2024. The Rail link between Rishikesh and Karnaprayag will facilitate easy access to pilgrimage centres situated in the state of Uttarakhand, connecting new trade centres, development…

“Under the inspiring mentorship of Mr. Sanjay Ghodawat and the dynamic leadership of Mr. Shrenik Ghodawat, the company aims to soon join the elite club of the Top10consumer product companies in India.” Today's mercurial economic scenario poses a challenge to any entrepreneurial endeavor in winning the trust of customers and retaining brand loyalty than earning profits from the venture. Ghodawat Consumer Private Limited (GCPL) started its journey by manufacturing edible oils and with increasing consumer acceptance, trust and the notable success, the company was encouraged to expand and diversify its product portfolio to include staples, impulse and non-food categories under the famous "Star" brand. Elated by the GCPL's success, Mr. Shrenik Ghodawat shares, "Our world-class manufacturing facilities, extensive rural and urban penetration, efficient trade marketing, distribution network and business ethics…

THE LIST (1-17 / 305) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out; ii. Offering full-time Postgraduate wise score. DNP = Did Not Participate ISB Hyderabad, etc. which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which Programme in Management. All scores have been rounded off to one decimal place, this may result in rounding off errors while adding the parameter Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, fulfilled the below criteria were…

THE LIST (1-50 / 100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc. which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out; ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, this may result in rounding off errors while adding the parameter-wise score. DNP = Did Not Participate THE LIST (51-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc.…

THE LIST (1-50 / 100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc. which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out; ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, this may result in rounding off errors while adding the parameter-wise score. DNP = Did Not Participate THE LIST (51-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc.…

THE LIST (1-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc., which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out, ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, so this may result in rounding off errors while adding the parameter-wise score. DNP: Did not participate Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc., which did not submit their…

What was the problem you were grappling with? During the early years of my career, I experienced challenges as it was my first time managing a large workforce. I wanted to take risks while making the best use of resources, but importantly, I wanted to effectively manage the team and nurture the potential of each member. Who did you approach? It was a conversation with my General Manager and mentor which provided me with the guidance and direction to resolve the issue. What is the best advice you have ever received? The best advice I received was a very simple yet effective ‘Do your homework’. I’d like to share an anecdote. A day prior to important external meetings, my senior would ask not to be disturbed unless urgent. One day…

↘ Hiring activity in India has been on an upswing, with September 2021 seeing a 57 per cent year-on-year (y-o-y) growth, says the Naukri JobSpeak report. ↘ With 2,753 job postings in September, the index hit an alltime high, surpassing pre-pandemic levels of September 2019 by 21 per cent. ↘ Hiring went up across all experience bands, with the demand for professionals in the 8-12 years bracket showing an increase of 75 per cent, followed by 4-7 years (65 per cent), 13-16 years (57 per cent), 0-3 years (54 per cent) and above 16 years (38 per cent), the report says. HIRING GROWTH IN SEPT (Y-o-Y) 138% IT-software/software services 82% Hospitality 70% Retail 53% Education 43% Banking/financial services 37% Telecom SOURCE: Naukri JobSpeak September 2021…

• Highest number of covid test and vaccination in the country• First rank in PM Kisan Sammon Nidhi Yojana• For the 4th consecutive year, Number 1 in government purchase from gem portal• Highest in sugarcane, ethanol, sugar and sanitizer production• Maximum 4143 units established under PM rojgar srijan karykram• Free of cost power connection to 1.38 crore houses under saubhagya scheme• Number one in food grain, wheat, potato, mango and milk production• On the top position in the country by giving permission and construction of more than 42 lakh houses under PM aawas Yojana• 1.67 crore eligible families got free of cost LPG connection under Ujjwala scheme• First state in the country to establish women help desk in all police stations• Maximum number of 7.02 crore accounts opened under PM…

1 The luxury car market makes up just 1 per cent of the overall auto market 2 It will take the industry two more years to get back to pre-pandemic levels of 35,000-40,000 units a year 3 Automakers are betting on India’s millennial population and the growth potential in smaller towns and cities 4 A global semiconductor shortage has led to a disruption in supply chains 5 India happens to be one of the most expensive car markets, its high taxes being one of the reasons…

Look no further than Dr. Bodhanwala for an example. A dentist by training and practise, she realized her potential to improve the lives of more people and families that she could individually have. The desire to do more, led her to pursue a degree of Masters in Hospital Administration and an MBA in Finance. And she's worked her magic at the Wadia Hospitals of Mumbai. When Dr. Bodhanwala took over in November 2012, Bai Jerbai Wadia Hospital for Children & Nowrosjee Wadia Maternity Hospitals operated from one building. As she says, "Other than the operational challenges, the Hospital being a heritage structure posed a challenge in terms of repairs and expansion, that was needed to improve our services. I took this as a challenge and slowly started working towards transforming…

WE ARE WITNESSING perhaps the single most defining event of our time—the coronavirus pandemic. It has affected almost everything, including businesses and business education. While the pandemic has changed a lot of things, some for the better and some for the worse, a lot remains the same. In a nutshell, business education is as lucrative as it was, at least for top B-schools. There have been some changes that are temporary, while some aspects of B-school education would be transformed forever. The average domestic salary offered to passouts from the top 100 B-schools has gone up and the graph is similar to previous years. However, foreign placements have been badly impacted due to the pandemic-induced restrictions on international travel. Among the top 100 MBA colleges in India this year, students…

A keen observer, he was monitoring the pulse of the people when the markets were doing well and when they crashed during 1993 and 1998. While it did perplex Manish to see people losing money on the bourses, it also egged him to raise the most pertinent questions of his life. "Is it possible to make money only if the markets rise? Is it not possible to make money when stock markets crash?" All of 15 years, when Manish was ruminating over these fundamental questions, he also realized, "There must be someone who is exulting while the markets rush in the southward direction". These questions set the course for Manish's Life. Manish's maternal grandfather and spiritual Guru had taught him that, "Life is the drums of destiny, and The Creator…

Today, the most important thing is to anticipate the future and to strengthen cooperation in companies with modern solutions. Decisions and connections are success factors for shaping the common cause. This requires freedom, creativity, speed, flexibility and a corporate culture that connects people with the organization. Ajay Bakshi advocates a two step process. Transform the People who man the organization. Restructure the organization to allow them to perform at their optimal. He should know. A celebrated HR thought leader, Ex CHRO, Board Director and Business Leader with 30 years of extensive experience in work-force management, he is a veteran in transforming organizations by empowering its people. Ajay has been awarded and recognised as a Performance Coach by Economic Times in July 2021. Metamorphosis Unlimited, the Pune based company founded by…

THE LIST (1-50 / 100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc. which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out; ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, this may result in rounding off errors while adding the parameter-wise score. DNP = Did Not Participate THE LIST (51-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc.…

Mahanadi Coalfields Ltd. (MCL), a wholly owned subsidiary of Coal India Limited (CIL) was incorporated under the Indian Companies Act, 1956 with the objective to acquire and take over any of the business activities carried on by the CIL and/or by its subsidiaries with all the associated assets, liabilities, obligations and current contracts especially in the Orissa region from South Eastern Coalfields Ltd. and to carry on in India or elsewhere the trade or business of coal mining including the management of coal mines either independently or for and on behalf of or under the direction of CIL, the Central Government or any State Government as custodian, receiver or in any similar capacity, MCL is a schedule 'B' Miniratna CPSE in Coal and Lignite sector under the administrative jurisdiction of…

THE LIST (1-100) Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc., which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out, ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, so this may result in rounding off errors while adding the parameter-wise score. DNP: Did not participate Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc., which did not submit their…

Ranking is based on objective data only. Only those B-schools which submitted their objective data have been ranked. Institutes like IIM Kozhikode, ISB Hyderabad, etc., which did not submit their objective data on time or refused to participate have not been ranked. Only those colleges which fulfilled the below criteria were considered eligible for participation in ranking: i. Minimum three batches passed out, ii. Offering full-time Postgraduate Programme in Management. All scores have been rounded off to one decimal place, so this may result in rounding off errors while adding the parameter-wise score. DNP: Did not participate…