The Hindu Business Line : IIM-C alumni seminar

Industry leaders from the pharma, IT, auto and the F&B sectors will come together on April 19 in Bangalore to talk about the dynamics in acquiring companies abroad and managing international acquisitions. The seminar is arranged in the wake of India Inc's global acquisitions valued at $4.3 billion (Rs 19,000 crore) with 136 international acquisitions in the year 2005 across sectors like pharma, telecom, auto, steel and aluminium.

The speakers include Dr K. Anji Reddy, Founder-Chairman, Dr Reddy's Labs; Ravi Nedungadi, President and CFO, The UB Group; Rajiv Gupta, Managing Director, The Carlyle Group India; and Sunil Kakkad, Partner, Lawrence Graham, LLP. Jacob Mathew, Co-founder, MAPE Investment Bank and an IIM-C alumnus, said the seminar would address pertinent issues in managing acquisitions internationally and whether an acquisition is a prudent business strategy.

Centres of applied research

S. P. Jain Institute of Management and Research (SPJIMR) and Virginia Polytechnic Institute and State University, US are planning to set up centres of applied research in Mumbai. These centres will provide opportunity in fostering applied research in embedded technologies, data visualisation, bio-informatics and mobile computing. Both institutions will contribute funding and knowledge services.

SPJIMR hopes the memorandum of understanding for the purpose would be signed between the two institutes in the middle of this year and that the operations of the centres will start towards the end of the year. The objective of SPJIMR to set up these centres is to interface with the Indian industry at higher platforms. SPJIMR is also exploring the possibility of offering joint programmes with Virginia Polytechnic in the disciplines of engineering and life sciences. The institute already offers a Master's Degree in Information Technology at its Mumbai campus in association with the US institute.

Women at ISB recruitment

Going by the latest recruitment trend at the Indian School of Business (ISB), Hyderabad, women graduates are firmly on their way to catch up with men in grabbing high salary jobs. While the highest salary among the men from the Class of 2006 breached the Rs 1 crore mark (Rs 1.04 crore), women were not far behind, with an offer package of Rs 1.01 crore per annum.

Of the 345 students, about 19 per cent were women and of the four students who received offers of over $200,000 (Rs 90 lakh), two were women. The top domestic offer for women students was Rs 20 lakh and the average salary was Rs 9.89 lakh. However, more than 30 per cent of the students at ISB have declined high salary offers to pursue jobs of their interest. The salary differential ranged from Rs 3 lakh for domestic offers to Rs 26 lakh for an international posting. Majority of the students opted for domestic careers, demonstrating strong liking to work in a market familiar to them. Media companies joined the race to compete with recruiters from consulting, IT, FMCG and banking and financial services.

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