IIMB in the News
IIM-Bangalore attracts several students living with disabilities
The vast campus of the IIM Bangalore is set to welcome a fresh batch of 400 Postgraduate Programme (PGP) students. Bengalurean Kunal Mehta, 24, is visually impaired. Mr. Mehta has worked with one of the top multinational finance company and two years down the line his thirst to learn more caught up with him. “I started preparing for competitive exams such as the Common Admission Test (CAT),” he says. For Himanshu Mittal, 23, who has spent all his life in Faridabad and is wheelchair-bound after an accident at home, IIMB is a dream. Mr. Mittal attended a regular school. “There is very little awareness about the needs of persons with disabilities,” he says on his experience.
Young professionals in Bengaluru tell us how online courses have played a significant role in their careers. Free online courses hosted by acclaimed universities such as University of Penn, John Hopkins, Michigan and Stanford are available on Coursera. Online courses may not make you directly employable but they do give you substantial leverage. Indian universities like Manipal and IIM Bangalore offer valid online courses for interesting and diverse topics. Online learning is encouraged and even considered mandatory for students.
5th Edition of a Global Lecture Series hosted by Shell Lubricants in association with CII and IIT Delhi
Following the first four editions of Shell Lubricants’ Global Lecture Series at Imperial College, London; Tsinghua University, Beijing, IIT Madras and IIM Bangalore, Shell Lubricants, organised the 5th edition of the lecture series in collaboration with the Confederation of Indian Industries, at IIT Delhi to envision and deliberate on the theme “Greenovation- The Future of Mobility”. Experts from the government, industry and companies shared ideas on commercially viable, environmentally sustainable and affordable fuel choice. The discussion aimed at analysing the prospects of the future mobility and how green innovation can help to achieve energy security.
NIRF 2017: Know Best Higher Education Institutions from Karnataka
National Institutional Ranking Framework (NIRF) 2017 has ranked universities, colleges, management colleges, engineering colleges and pharmacy colleges from across India and institutions from Karnataka has performed well in all the categories. Indian Institute of Science (IISc) Bangalore is ranked first in the overall, university categories while IIM Bangalore was ranked second in best management school category. Jawaharlal Nehru Centre for Advanced Scientific Research, Bengaluru fared well with fourth rank in universities category.
What they don’t teach you at business school
Sourav Mukherji, dean (programmes) at IIM Bangalore, admits there is lack of diversity, but adds that the institute has refrained from having a quota for liberal arts students. “We have courses in design thinking, product design, etc. to make up for the lack of diversity. The solution lies in collaborating with industry practitioners,” he says. The bottom line, as he sees, it is to maintain flexibility in courses to keep them as current and relevant as possible.
IIMB Alumni in Focus
Steps on for formation of Kerala Bank
The Kerala government has set up a task force with former NABARD Chief General Manager V R Raveendranath to work out steps for setting up of the ‘Kerala Bank.’ The expert committee, headed by M S Sreeram of IIM Bangalore, entrusted with the study of various aspects of the proposed bank, had submitted its report in April, he said. He also said there was a rethink among opposition parties with regard to the Kerala Bank in the changed banking atmosphere in the country.
Lendingkart Finance Limited raises USD 7.7 Mn debt funding from YES Bank
Ahmedabad-based SME lending startup Lendingkart Finance Limited has raised USD7.7 Mn in debt funding from YES Bank. The startup plans to use these funds to further expand its reach to SMEs operating in Tier 3 and below cities facing a lack of formal credit facilities. Lendingkart is an instant working capital finance platform. It was founded in 2014 by ex-banker and ISB Hyderabad alumnus, Harshvardhan Lunia and former ISRO scientist, IIM Bangalore alumnus, Mukul Sachan.
CSR platform Goodera raises $5.5 mn from Nexus, Omidyar
Goodera, which helps companies manage their corporate social responsibility (CSR) programmes through its technology platform, has raised $5.5 million (Rs 35 crore) in a Series A round of funding from Omidyar Network and Nexus Venture Partners. The company, formerly known as NextGen, was founded in 2014 by Humbad and Richa Bajpai. Humbad studied management at IIM Bangalore and engineering at BITS Pilani. Bajpai completed engineering from Rajasthan University and dropped out of the Indian School of Business.
SME Lending Platform Lendingkart Raises $7.7 Mn from YES Bank
Ahmedabad-headquartered SME lending startup Lendingkart Finance Limited has raised about $7.7 Mn (INR 50 CR) debt funding from YES Bank. The startup will use the recently raised funds to further expand its reach to SMEs operating in Tier 3 and below cities facing a lack of formal credit facilities. Lendingkart was founded in 2014 by ex-banker and ISB Hyderabad alumnus, Harshvardhan Lunia and former ISRO scientist, IIM Bangalore alumnus, Mukul Sachan.
RBI appoints S. Ganesh Kumar as New Executive Director
The Reserve Bank of India on Thursday announced appointment of S. Ganesh Kumar as Executive Director (ED). S. Ganesh Kumar will succeed Chandan Sinha. As Executive Director, Ganesh Kumar will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations. Kumar holds a Masters in Business Administration from Cochin University of Science and Technology and also holds a diploma in Management from IIM Bangalore besides diplomas in Law and Banking.
TeamLease to buy 30% of Freshersworld.com
In a move aimed at strengthening its digital service, temp-hiring company TeamLease Services acquired 30 percent of Indian jobs site Freshersworld.com from Bengaluru-based Cassius Technologies for $930,000 U.S. Co-founded in 2015 by Joby Joseph and Jaisy Augustin, alumni of IIM Bangalore, Freshersworld.com is an entry-level hiring company that claims about four million unique visits every month. (They own 80% and 20% stake, respectively)
Lightspeed, WaterBridge, others back hyperlocal discovery startup Magicpin
Gurgaon-based hyperlocal discovery and rewards platform Magicpin, which is operated by Samast Technology Pvt. Ltd, has raised $7 million (around Rs 45 crore) in a Series B round of funding from Lightspeed India Partners, WaterBridge Ventures and others. Magicpin was founded in August 2015 by Anshoo Sharma, former venture partner at Lightspeed, and Brij Bhushan, former vice president at Nexus Venture Partners. It was incubated by Lightspeed. Both Sharma and Bhushan, who are alumni of IIM Ahmedabad and IIM Bangalore, respectively, have previously worked with US-based software firm Aricent and consulting firm Bain & Co.