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Saturday, July 4, 2009

Lalu, Mamata in head-on collision at Budget station

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Mamata Banerjee on Friday cast doubts over claims relating to profits and performance of the Indian Railways during the tenure of her predecessor Lalu Prasad and promised to reassess the numbers.

“Railways will come out with a white paper indicating its present organisation, operation and financial status based on its performance in the last five years,” she said in her budget speech.

The record profit posted by the railways during Prasad’s tenure — Rs 90,000 crore during 2004-09 — was one of the most publicised success stories of the last United Progressive Alliance (UPA) government and was even taken up as a case study by some of the world top business schools. But Banerjee hinted that her predecessor could have juggled the finances.

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Monday, March 30, 2009

It’s Harvard v Hyderabad now

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There IT was, the e-mail he had long dreamt of: “You have been accepted into the Yale School of Business, class of 2011.” It was the culmination of a 10-year-old dream for Soumitra Sharma. “I’d wanted to study at an Ivy League university since I was in secondary school. I was elated,” says the 25-year-old, formerly an assistant manager with Deloitte.

But in April, Sharma will be packing his bags for Hyderabad, not New Haven, Connecticut state where the top business school is located.

“It was a hard decision, but I’m attending ISB (Indian School of Business) instead. Going to the US in this economy is a big risk, even with a top business school like Yale,” he says.

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Friday, February 27, 2009

Campus placements go bust

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As the placement season peaks, final-year students at the country’s top business schools are coming to terms with a new reality — a cut in offers and salaries from prospective employers, and the chance of not landing a job at all.

At the Indian Institute of Management (IIM) in Bangalore, where placements begin on Friday students said , they would be happy to get as much salary as their seniors got a year ago. Their apprehension is not without reason.

Sample this: investment banks that in the past flocked to IIM Ahmedabad were missing in action as placements at the top-rated business school opened on Wednesday, only 49 companies showed up in the first phase of placement at IIM Calcutta earlier this week — down from 107 last year

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