Members of Research Committee

SBES e-newsletter Volume - V Issue - 1

Nov– 2014

Editorial Board

Patron

Prof. Manish R. Mundada

Founder President, SaiBalaji Education Society

Editor

Dr. Laxman Kumar Tripathy

Director, SaiBalaji International Institute of Management Sciences

Editor

Dr. Sandip Sane

Director, International Institute of Management Studies

Advisory Committee

Dr. Nadeem Khan

Dean Academics, International Institute of Management Studies

Dr. Tripti Sahu

Dr. Nitin Ranjan

Prof. Smarjeet Das

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Page 2 SBES ASTUTE, Oct, 2014

On 2nd Oct. SBES participated in Prime Minister’s “Swach Bharat aBhiyan” through an

event organised by the Rotract club of SBES. Students presented skits on “need of maintaining

cleanliness and ways to keep our neighbourhood clean” to the nearby villagers.

Students took oath to maintain cleanliness on 2nd Oct. “Gandhi Jayanti” On the occasion various

competitions like elocution competition, slogan competition easy competition were organized in

which students participated with enthusiasm.

Corporate interface committee of SBES organised a National Seminar on the topic “India Inc.,

challenges and opportunities” In the seminar corporate managers like Ms. Neha, Area Manager

HSBC, Mr. Nittin Pitty RM, Business Development KPIT, Mr. Nikhil Wadgaonkar A/C executive

IBM Brokers were invited to deliver a talk. Under the seminar a panel discussion was also organ-

ised in the panel alluminai students Anshul Kadam, Anshuman Tripathi, Monika Nigaam dis-

cussed their viewpoint about opportunities and challanges faced by India inc today.

SBES provides a cordial atmosphere for the development of students as well as faculty, with a

view to contribute to the research revolution SBES organised a 1 day SPSS workshop on 14.Oct.

2014 for faculty members where research scholars learned working knowledge of SPSS.

Diwali was celeberated in a full swing in SBES campus the celeberation was organised in the

SBES campus on 17.Oct 2014, wherein many competitions like Rangoli competition, Mehandi

competition were organised for the staff members. On the occasion breakfast and community

lunch was served to the staff. The day ended with distribution of Diwali sweets and gifts to all staff

members by the founder President of SBES Prof. Manish R. Mundada.

Mid- term exams of PGDM and MBA took place in month of Oct. 2014

SBES celeberated its 8th foundation day on 26th Oct 2014. On that day Cricket match was played

between staff members of the entire three institute. On the occasion community lunch was ar-

ranged and house was organised for the staff members.

SaiBalaji Group of Institutes organized a Alumni meet of Delhi Chapter on 11th Oct. 20014

Institute News

Corporate Jokes

Page 3 SBES ASTUTE, OCT, 2014

Staff Birth Days

1 Ms. Mandakini Singh Nov 7

2 Prof. Sangeeta Rajput Nov 9

3 Mr. Girish Chavan Nov 14

4 Prof. Sonali Kshirsagar Nov 22

5 Ms.Pooja Karekar Nov 29

Japanese telecom giant Softbank announced to invest 627

million US dollar in Snapdeal Japanese telecom giant Softbank on 27 October 2014 announced to invest 627 million US dollar in

Snapdeal.With the investment, the Snapdeal will become the largest shareholder in the online marketplace

major. Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to fur-

ther strengthen its presence in India and leverage synergies with its network of Internet companies around

the world.

SoftBank of Japan to invest 10 billion dollars in India Telecom giant SoftBank of Japan on 27 October 2014 pledged to make an investment of 10 billion US dol-

lars (over 60000 crore rupees) in India's IT and communications sector in coming years. With this invest-

ment, SoftBank looks forward for opportunities in telecom space and the fast-growing e-commerce sector

in India.

NRI investors sue ICICI Venture over losses A group of 69 non-resident Indian investors on 28 October 2014 had sued ICICI Venture at the Supreme

Court in Mauritius.The investors seek to obtain 103 million US dollar in damages over alleged losses on

their investments in a property fund run by the private equity firm. The group also sued ICICI Bank, the

Dynamic India III fund trustee Western India Trustee and Executor Co, and the administrator of the fund,

International Financial Services.

Encash your MBA Entrance Preparation with “MBA

Champion Competition” India’s No. 1 Education Website JagranJosh.com has recently launched the biggest scholarship competi-

tion for MBA aspirants, “MBA CHAMPION”. The competition was launched in association with MODY

University of Science & Technology and powered by Alliance University, Bangalore.

Myntra to open London Office to Partner European Brands Bangalore-based online fashion retailer Myntra on 19 October 2014 announced to open London Office to

Partner European Brands.The company also plans to expand to New York in 2015. With the office in Lon-

don, company will lead the partnerships with brands in UK and Europe, liaison with European design stu-

dios, spot global fashion trends and generate fashion content.The company has appointed Mark Sebb as an

advisor in the run-up to the launch of its London office.

Fortune released the list of powerful people titled 40 under

40 Fortune released the list of powerful people titled 40 under 40 on 9 October 2014. The list included most

powerful, influential, important people in business under 40.The list was topped by ridesharing service

company Uber's 38-year-old co-founder Travis Kalanick and community-driven hospitality company

Airbnb's 33-year-old CEO Brian Chesky. Followed by, Founder and CEO of Facebook, 30-year-old Mark

Page 4 SBES ASTUTE, OCT, 2014

Page 5 Volume - V Issue - 1

Zuckerberg, at the number two spot and Italy's youngest Prime Minister MatteoRenzi (39) at the third posi-

tion.

Bombay High Court ruled in favour of Vodafone in 3200

crore rupees tax case Bombay High Court on 10 October 2014 ruled in favour of Vodafone in 3200 crore rupees tax dispute

case. The ruling was given by the division bench of the Bombay High Court, headed by Chief Justice

Mohit Shah.

Karnataka government prohibited strike at Bosch plant in

Bangalore Karnataka government on 10 October 2014 prohibited the ongoing strike at the auto component maker

Bosch’s plant in Bangalore. The workers are on strike since 16 September 2014 in support of their de-

mands pertaining to wages, benefits and regularisation of temporary workers.

Google social network site–Orkut closed Google closed the social networking site Orkut permanently on 30 September 2014. Google announced the

decision to shut down Orkut in June 2014.Old users of Orkut will be able to take backup of their pictures

and posts till September 2016 and users can export their profile data, community posts and photos using

Google Takeout. But no one will be able to create new IDs on Orkut account.

Auto Portal Cardekho acquired Gaadi.com for 11 million

US dollar Auto Portal Cardekho on 29 September 2014 acquired Gaadi.com. Cardekho is expected to have paid 11

million US dollar for Gaadi.com. However, both the companies will continue to run independently and op-

erate as separate businesses in order to drive focus, especially in the pre-owned car business.

Muthuraman Vice Chairman of Tata Steel retired B Muthuraman, Vice-Chairman of Tata Steel retired from the Board of the company on 26 September

2014 after attaining the age of 70. He retired as per the company’s retirement policy.B Muthuraman who

was also a chairman of Tata International Ltd, the global trading and distribution arm of the Tata group

was replaced by former Union Home Secretary GK Pillai. Pillai was appointed for the post on 26 Septem-

ber 2014.

SBI signed 500 million dollar Line of Credit with Korea Ex-

imbank State Bank of India (SBI), the country’s largest lender on 26 September 2014 announced that it has signed

a Line of Credit (LoC) of 500 million dollar with Export-Import Bank of Korea (Korea Eximbank).The

LoC will be utilised to provide finance to SBI’s clients in India and neighbouring countries that have busi-

ness relationships either by way of equity participation or regular trade with Korean companies globally, as

well as joint ventures or subsidiaries of Korean companies.

Congrats…………..

Winners of Slogan Competition

Ist Prize- Avinash Maharana (IIMS)

IInd Prize– Nikita Belekar (IIMHRD)

IIIrd Prize- Vikram Singh (SBIIMS)

Winners of Elocution Competition

Ist Prize- Akansha (IIMHRD)

IInd Prize- Saisomya Mohanti (IIMHRD)

IIIrd Prize- Graima Singh (IIMS) & Sandip Sharma (SBIIMS)

International Institute of Management Studies Sr.No. 54(1+2/1)Nere Dattawadi,

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