A S T U T. Editorial Board SBES. Patron. Editor. Editor. Advisory Committee. e-newsletter. Prof. Manish R. Mundada. Dr. Laxman Kumar Tripathy

Transcription

1 Volume - V Issue - 1 Nov 2014 SBES e-newsletter A S Editorial Board T U T Patron Prof. Manish R. Mundada Founder President, SaiBalaji Education Society Editor Dr. Laxman Kumar Tripathy Director, SaiBalaji International Institute of Management Sciences Editor Dr. Sandip Sane Director, International Institute of Management Studies Advisory Committee Dr. Nadeem Khan Dean Academics, International Institute of Management Studies E Members of Research Committee Dr. Tripti Sahu Dr. Nitin Ranjan Prof. Smarjeet Das

2 SBES ASTUTE, Oct, 2014 Page 2 Institute News On 2 nd Oct. SBES participated in Prime Minister s Swach Bharat abhiyan through an event organised by the Rotract club of SBES. Students presented skits on need of maintaining cleanliness and ways to keep our neighbourhood clean to the nearby villagers. Students took oath to maintain cleanliness on 2 nd Oct. Gandhi Jayanti On the occasion various competitions like elocution competition, slogan competition easy competition were organized in which students participated with enthusiasm. Corporate interface committee of SBES organised a National Seminar on the topic India Inc., challenges and opportunities In the seminar corporate managers like Ms. Neha, Area Manager HSBC, Mr. Nittin Pitty RM, Business Development KPIT, Mr. Nikhil Wadgaonkar A/C executive IBM Brokers were invited to deliver a talk. Under the seminar a panel discussion was also organised in the panel alluminai students Anshul Kadam, Anshuman Tripathi, Monika Nigaam discussed their viewpoint about opportunities and challanges faced by India inc today. SBES provides a cordial atmosphere for the development of students as well as faculty, with a view to contribute to the research revolution SBES organised a 1 day SPSS workshop on 14.Oct for faculty members where research scholars learned working knowledge of SPSS. Diwali was celeberated in a full swing in SBES campus the celeberation was organised in the SBES campus on 17.Oct 2014, wherein many competitions like Rangoli competition, Mehandi competition were organised for the staff members. On the occasion breakfast and community lunch was served to the staff. The day ended with distribution of Diwali sweets and gifts to all staff members by the founder President of SBES Prof. Manish R. Mundada. Mid- term exams of PGDM and MBA took place in month of Oct SBES celeberated its 8 th foundation day on 26 th Oct On that day Cricket match was played between staff members of the entire three institute. On the occasion community lunch was arranged and house was organised for the staff members. SaiBalaji Group of Institutes organized a Alumni meet of Delhi Chapter on 11th Oct

3 SBES ASTUTE, OCT, 2014 Page 3 Corporate Jokes Staff Birth Days 1 Ms. Mandakini Singh Nov 7 2 Prof. Sangeeta Rajput Nov 9 3 Mr. Girish Chavan Nov 14 4 Prof. Sonali Kshirsagar Nov 22 5 Ms.Pooja Karekar Nov 29

4 SBES ASTUTE, OCT, 2014 Page 4 Japanese telecom giant Softbank announced to invest 627 million US dollar in Snapdeal Japanese telecom giant Softbank on 27 October 2014 announced to invest 627 million US dollar in Snapdeal.With the investment, the Snapdeal will become the largest shareholder in the online marketplace major. Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to further strengthen its presence in India and leverage synergies with its network of Internet companies around the world. SoftBank of Japan to invest 10 billion dollars in India Telecom giant SoftBank of Japan on 27 October 2014 pledged to make an investment of 10 billion US dollars (over crore rupees) in India's IT and communications sector in coming years. With this investment, SoftBank looks forward for opportunities in telecom space and the fast-growing e-commerce sector in India. NRI investors sue ICICI Venture over losses A group of 69 non-resident Indian investors on 28 October 2014 had sued ICICI Venture at the Supreme Court in Mauritius.The investors seek to obtain 103 million US dollar in damages over alleged losses on their investments in a property fund run by the private equity firm. The group also sued ICICI Bank, the Dynamic India III fund trustee Western India Trustee and Executor Co, and the administrator of the fund, International Financial Services. Encash your MBA Entrance Preparation with MBA Champion Competition India s No. 1 Education Website JagranJosh.com has recently launched the biggest scholarship competition for MBA aspirants, MBA CHAMPION. The competition was launched in association with MODY University of Science & Technology and powered by Alliance University, Bangalore. Myntra to open London Office to Partner European Brands Bangalore-based online fashion retailer Myntra on 19 October 2014 announced to open London Office to Partner European Brands.The company also plans to expand to New York in With the office in London, company will lead the partnerships with brands in UK and Europe, liaison with European design studios, spot global fashion trends and generate fashion content.the company has appointed Mark Sebb as an advisor in the run-up to the launch of its London office. Fortune released the list of powerful people titled 40 under 40 Fortune released the list of powerful people titled 40 under 40 on 9 October The list included most powerful, influential, important people in business under 40.The list was topped by ridesharing service company Uber's 38-year-old co-founder Travis Kalanick and community-driven hospitality company Airbnb's 33-year-old CEO Brian Chesky. Followed by, Founder and CEO of Facebook, 30-year-old Mark

5 Volume - V Issue - 1 Page 5 Zuckerberg, at the number two spot and Italy's youngest Prime Minister MatteoRenzi (39) at the third position. Bombay High Court ruled in favour of Vodafone in 3200 crore rupees tax case Bombay High Court on 10 October 2014 ruled in favour of Vodafone in 3200 crore rupees tax dispute case. The ruling was given by the division bench of the Bombay High Court, headed by Chief Justice Mohit Shah. Karnataka government prohibited strike at Bosch plant in Bangalore Karnataka government on 10 October 2014 prohibited the ongoing strike at the auto component maker Bosch s plant in Bangalore. The workers are on strike since 16 September 2014 in support of their demands pertaining to wages, benefits and regularisation of temporary workers. Google social network site Orkut closed Google closed the social networking site Orkut permanently on 30 September Google announced the decision to shut down Orkut in June 2014.Old users of Orkut will be able to take backup of their pictures and posts till September 2016 and users can export their profile data, community posts and photos using Google Takeout. But no one will be able to create new IDs on Orkut account. Auto Portal Cardekho acquired Gaadi.com for 11 million US dollar Auto Portal Cardekho on 29 September 2014 acquired Gaadi.com. Cardekho is expected to have paid 11 million US dollar for Gaadi.com. However, both the companies will continue to run independently and operate as separate businesses in order to drive focus, especially in the pre-owned car business. Muthuraman Vice Chairman of Tata Steel retired B Muthuraman, Vice-Chairman of Tata Steel retired from the Board of the company on 26 September 2014 after attaining the age of 70. He retired as per the company s retirement policy.b Muthuraman who was also a chairman of Tata International Ltd, the global trading and distribution arm of the Tata group was replaced by former Union Home Secretary GK Pillai. Pillai was appointed for the post on 26 September SBI signed 500 million dollar Line of Credit with Korea Eximbank State Bank of India (SBI), the country s largest lender on 26 September 2014 announced that it has signed a Line of Credit (LoC) of 500 million dollar with Export-Import Bank of Korea (Korea Eximbank).The LoC will be utilised to provide finance to SBI s clients in India and neighbouring countries that have business relationships either by way of equity participation or regular trade with Korean companies globally, as well as joint ventures or subsidiaries of Korean companies.

6 Congrats.. Winners of Slogan Competition Ist Prize- IInd Prize IIIrd Prize- Avinash Maharana (IIMS) Nikita Belekar (IIMHRD) Vikram Singh (SBIIMS) Winners of Elocution Competition Ist Prize- IInd Prize- IIIrd Prize- Akansha (IIMHRD) Saisomya Mohanti (IIMHRD) Graima Singh (IIMS) & Sandip Sharma (SBIIMS)

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