Delhi i1 Super Series team

NEW DELHI: Management guru Arindam Chaudhuri's Delhi franchise will be called 'Delhi Gypsies and Billionaries' in the upcoming i1 Super Series league, it was announced today. Planman Stars, a company promoted by Chaudhuri of IIPM, is the owner of the Delhi team in i1 Super Series and is expected to invest about $5-6 million in the league's maiden year. “Motorsports is as much a sport for the gypsies at heart as for the billionaires by style! The name is as much a tribute to Delhi, the city which is often referred to as Dilwalon ki Dilli, as to the city which boasts of the highest number of billionaires and is undoubtedly the style capital of India,” Chaudhuri said in a statement.---PTI

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Many sectors of our national economy have been thrown open to foreign direct investment. That has not led to the demise of indigenous enterprise. Similarly, FDI in the organised retail sector will not push corner stores out of business. If anything, it will enhance their competitiveness, lead to improved services, better quality and affordable prices for consumers

The UPA Government and the Opposition have locked horns over the entry of foreign private players in the retail segment. The debate is imperative as the retail industry has always been considered as the nerve system of any nation, and this industry has in most of the cases even helped nations revive themselves during bad times. So it is interesting to evaluate the entire debate from an analytical dimension as well.

Currently, organised retail in India is only two per cent of the retail industry; clearly, a huge opportunity is waiting to be unleashed. The opportunity can be gauged from the fact that the American organised retail market is 80 per cent of the overall retail market, Thailand is at 40 per cent and China at 20 per cent. If, on the one hand organised retail is a global reality, then on the other the Indian middle-class has the given power to splurge, making the proposition viable. Then why is there a protest?

The fact is that the ongoing nationwide protests against foreign entry in retail are a bit too late, and based more on a campaign by emotionally-charged political parties that lack pragmatism. After allowing FDI everywhere, why are there these recent dramatics against retail? Every Government in the past has made deals and allowed foreign direct investment to enter systematically into India without a plan in place to make Indian firms competitive beforehand. We systematically ruined Indian competitiveness; yet, now for publicity, are creating a hullabaloo against the opening up of retail. The fact is that FDI in retail is inevitable.

If things go right, then the entry of foreign firms in the long run should benefit the overall economy by subsuming farmers, producers of finished goods, creating mass-scale employment, increasing Government revenue and hopefully cleansing the muck that lies in our storage and distribution. If all falls into place, then organised retail market is expected to reach approximately $260 billion by 2020.

It would augment income levels of all stakeholders to the tune of $35-45 billion a year, new employment generation to the tune of three to four million directly and four to six million indirectly. With foreign multinationals setting up shop across the country, the exchequer would likely bloat by $25 billion to $30 billion per year. The small and medium enterprises are likely to prosper too and learn the concepts of enhanced production, higher productivity, assured supply, quick payment and better quality.

It will further boost the organised retail growth - a sector that is already growing at an impressive 24 per cent in the last three years. The retail sector would also increase the farmers’ income. So, of course, it is inevitable for India to allow FDI in retail, and the writing on the wall is clear. But in all this, almost everyone is missing out one moot question which is fundamental to the success of the Indian retail story.

Amongst other clauses that the Government has put, one interesting clause is that, these large retailers have to essentially source their supplies from the small and medium enterprises to the tune of 30 per cent.

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IIPM – India's Global business school was adjudged the 2011 Best B School in Asia Overall at the 2nd Asia’s Best B-School awards ceremony that took place at Singapore. Last year the award had gone to SP Jain and thus for the second consecutive year it was an Indian B-School that took away the prestigious award given in association with CMO Asia. It was a gala function that was held at the Suntec, Singapore with participation of B-Schools from around 29 countries including Australia, Hongkong, Singapore, UAE etc. The best B-Schools in Asia and people of Asian origin were given awards. The award ceremony was held amongst a Galaxy of luminaries from the world of education and corporate. Prof Arindam Chaudhuri (Honorary Director, IIPM Think-Tank) was elated and very much excited to get the award and said, “It feels great to achieve such a prestigious award. We at IIPM are excited to get Asia’s Best B School. This award is a tribute to Dr. MK Chaudhuri, who had the amazing vision of incorporating macroeconomic principles so that B-Schools in India not only serve the purpose of private sector but also the nation on the whole. In the last few years of course our Industry Interface, Research and Global Exposure has made us what we are today – the largest B-School in the world,” a Newspaper release said.
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IIPM Mumbai bid farewell to the batch of PGP 2008-2010/FW and E-MBA 2009-2010 by organizing a bash at the Peninsula Grand Hotel in Mumbai. As we all know that biding goodbye is hard, but IIPM Mumbai ensured that it was memorable.

The farewell party started off with the Award Ceremony whereby students who excelled both in academics as well as in extra curricular activities were awarded with certificates and prizes. The Director’s Gold was awarded to Disha Dhawan by Dean Prof. Shouvick Dutta for outstanding performance both academically and in extra – curricular activities.

Faculties who made an outstanding contribution towards shaping and molding the students were awarded as well.  The faculties who were awarded were, Prof. M.P. Rege, Prof. Leslie Rebello, Prof. Souvik Banerjee, Prof. Madhusudan Sohani, Prof. Shubho Shekhar Bhattacharya, Prof. B.K. Nair, Prof. Smita V Kumar, Prof. Nikhil Rao, Prof. Venkat Iyer and Prof. V. Chandrashekhar.

After the award ceremony the students burned the dance floor, swinging to the music and celebrating. There was endless music, masti, shutterbugs clicking snaps and of course the grand array of food that made the evening perfect.

The students had fun as the occasion marked the end of their togetherness and college life, and welcomed a new beginning into the Corporate World.

Economic times, IFEN and IIPM all believe in the concept of an edge in awareness and the canny ability to reach the issues which lie beyond textbooks. To help students gain this critical edge IIPM Lucknow  organized a workshop on Effective communication and leadership skills on 11th June 2010. The workshop was executed by Mr Abhijeet Bhattacharya (Chief Training Manager- IFEN). Mr Bhattacharya has total 19 years of work experience with 14 years of expertise in corporate training.

He has designed and introduced innovative and very effective training programs on Customer Relationship Management for leading Customer Care Center in Country and has conducted various programs to enhance the skill set of employees at work which includes - Communication Skills, Motivation, Self development, Team Building and Leadership skills.

Mr. Bhattacharya made this 2 hours session extremely interesting for all the students of IIPM. He discussed all the aspects of communication, making us understand the aspects that should be given high priority while communicating. He also highlighted leadership qualities of leaders from the sports & corporate world.

Embarking on GOTA trip is a great learning adventure for many students, and IIPM over the years has ensured that the trip is well planned with optimized learning opportunities .Singapore has been a choice destination for institutions around the world, and every year thousands of students come to interact and discover new learning experiences. The learning experiences are extensive, ranging from life skills to culture appreciation and nature discovery.

Thus, this time the UG – Spring Summer 09-12 batch of IIPM Lucknow were taken to Singapore, where learning becomes truly alive and experience truly enriching. The students visited some of the biggest names in the corporate world and were enthralled by the overall experience that they acquired that the whole trip had to offer. The students visited a number of reputed organizations such as Newater and Nanyang Technological University (NTU).