Archive for the ‘General News’ Category

IIMs experiment with technology has gone sour due to computer snag hitting the online conduct of CAT 2009 exam. As per media reports, an unspecified number of centers in six cities reported computer crash. The centers have asked students to book another time slot. The server crashed soon after the CAT examination began in Chennai, Kolkata, Bhopal, Bangalore, Mumbai and Pune, affecting large number students. Full story

IIM-C Campus, Kolkata, August 15, 2009: The 63rd Independence Day celebration was held at Indian Institute of Management Calcutta in traditional enthusiasm and gaiety. Full story

IIM Alumni Association is organizing its annual event ‘Pan-IIM Golf 2008’ onn February 2, 2008, to be held at Qutub Golf Course at Lado Sarai, New Delhi. Full story

The Reserve Bank of India (RBI) in its Mid-Term Review of Annual Policy Statement for the Year 2007-08 wiped out any hopes of interest rate easing in the near future, as it hiked Cash Reserve Ratio (CRR) i.e. the amount of money banks must hold in cash, by 0.5 per cent to 7.5% to suck out liquidity despite inflation at a five-year low. Good point about the CRR hike that it will stabilize liquidity and further hike in interest rates is unlikely. Full story

Allister Pereira, the son of a Mumbai businessman who was charged with running his car over seven people sleeping on a Mumbai pavement in suburban Bandra last year, was sentenced to six months imprisonment and fined Rs 500,000 for running over seven people who died due to accident. Full story

Rediff.com launched unlimited storage for its email services and thus aim to undercut 1GB mail space offered by Yahoo and ever increasing space ( around 2.8 GB as of now) being offered by Google. Full story

Though this news does not come in our domain but probably it reminds us that behind a rocking 8% GDP growth, booming Sensex and rocking placements season, India is still a country where poor have very little choices and they are a second grade unwarranted and unnoticed citizens and all saga of growth and glory is limited to English speaking urban middle class. Full story

Opsyrus 2006 being organised by Operations Interest Group (OIG) at IIM L in partnership with Coolaveneus.com provides participants a chance to ponder over the latest issues in Operations management while competing with the best brains across the country. Full story

N Sunil Kumar, a student of XLRI's one year MBA program (GMP 2006-07) has been appointed as Chief Executive Officer of ABN AMRO Foundation. Full story

In a significant development, Microsoft Corp. today announced the release from beta of Live Search and of Live.com in 47 markets worldwide, and final availability of Live Local Search in the U.K. and the U.S. Full story