The Indian Institute of Management, Udaipur (IIMU), opened admissions for its unique one-year full-time MBA programmes in Global Supply Chain Management (GSCM) and Digital Enterprise Management (DEM). The Programmes are for professionals with a minimum of 3 years of experience in any domain. The GSCM program offers a solid foundation in Management Fundamentals and intensive specialisation in Global Supply Chain Management & Logistics. The DEM Programme focuses on managing digital systems and using them to make decisions for the digital transformation of businesses and lead complex and diverse initiatives in digital environments.

Admission to these purely residential programmes will be based on GMAT/GRE/CAT exams. It requires candidates to hold a graduate degree from a recognised university and three-plus years of work experience in any field. The program starts in April every year and ends in March of the following year.

The previous batches have experienced a great response from the industry, with leading companies from consulting and other domains recruiting students. The last batches of the program saw 100% placements.

The programmes are also inviting corporates, the public sector and government agencies to sponsor their employees. The current GSCM Batch has students sponsored by the Indian Navy.

The Programmes have an Advisory Board consisting of highly experienced founders and business leaders of several successful companies in the country, including Infosys, Flipkart, IBM, Delhivery, Tata Digital, Deloitte, DP World and Info Edge India.

Eligibility Criteria

• Graduate with a Bachelor’s degree or equivalent in any discipline from a recognised university.
• Valid GMAT/GRE scores or CAT scores of tests from 2020 or later
• Minimum full-time work experience of 36 months as of February 29, 2024

Selection Procedure After Filling the Application Form:

• Applicants are shortlisted on the basis of the eligibility criteria and called for the second round, where they are screened through a personal interview.
• An offer of admission is made on the basis of the candidate’s overall academic profile, work experience, score in GMAT/GRE/CAT and performance in the personal interview.

This financial education initiative draws on findings from a study of over 2,400 Goldman Sachs 10,000 Women graduates across India. A majority of these women entrepreneurs highlighted the need for a deeper understanding of the available funding options and how best to access external capital to drive business growth. The study found that 40 percent of entrepreneurs used bank overdraft, 38 percent took business loans, and 33 percent sought capital from friends or family to address their business financing requirements.

 Charlotte Keenan, Global head of Goldman Sachs 10,000 Women, said: “Goldman Sachs 10,000 Women graduates have positively impacted India’s economy by quadrupling their business revenue, doubling their workforce, and collectively creating 12,000 new jobs. Our new initiative aims to help these women make an even bigger impact, by providing the tools and resources needed to access capital – the biggest barrier they face to growing their businesses further.”

Talking about this unique initiative for women, Anand Sri Ganesh, COO, NSRCEL shared, “We are extremely happy to join hands with the Goldman Sachs 10,000 Women Finance for Growth initiative and bring it to NSRCEL. This underlines our commitment to supporting women entrepreneurs across the country by providing them with relevant education and mentorship to grow and scale their ventures. We hope our women alumni make the most of this opportunity to spot and nurture new opportunities in business, build and grow successful ventures and transform themselves.”

Goldman Sachs 10,000 Women Finance for Growth comprises three modules. Participants first take a basic finance module currently open for Goldman Sachs 10,000 Women graduates in India. Upon successful completion of the first module, a second advanced finance module will be made available for a select group of high potential women entrepreneurs. The final module will include bespoke mentoring from IIMB faculty members, finance industry experts, bankers, venture capitalists and angel investors, to provide practical learnings and advice tailored to the specific needs of each entrepreneur.

The first cohort of the Goldman Sachs 10,000 Women Finance for Growth commenced on August 7, 2023.  Know more about the initiative here.

Parliament has passed the Indian Institutes of Management (Amendment) Bill, 2023 with Rajya Sabha approving it today. The Lok Sabha has already passed the Bill.

The Bill seeks to further amend the Indian Institutes of Management Act, 2017. The bill declares Indian Institutes of Management (IIMs) as institutes of national importance. Under the Act, the Director of an IIM is appointed by the Board of Governors, based on the recommendations of a Search-cum-Selection Committee. The Bill mandates the Board to obtain the prior approval of the Visitor before appointing an Institute Director.

Replying to the discussion on the Bill, Education Minister Dharmendra Pradhan said, the Bill designates the President as Visitor of every Institute covered by the Act. He said, IIMs have been given autonomy so that they can emerge as centers of academic excellence. He added that the Centre has no intention of interfering with the academic autonomy of IIMs.

Amar Patnaik of BJD, G K Vasan of Tamil Manila Congress (M), Dr M Thambi Durai of AIADMK, and Masthan Rao Beeda of YSRCP among others participated in the discussion.

Sambalpur : Union Education Minister Dharmendra Pradhan suggested that IIM Sambalpur should help in the skill development of weavers, capacity building of farmers in the rural-based economy and capacity building of Panchayat Raj institutions. Shri Pradhan made a special announcement that an incubation centre for local young entrepreneurs will soon be set up at IIM Sambalpur. He also spoke about the significance of Sambalpur as the cultural hub of Odisha and envisioned IIM Sambalpur’s pivotal role in transforming the region into an intellectual hub. Union Education Minister further said that with prestigious establishments & institutions like Hirakud Dam, Sambalpur University, VIMSAR Medical College, VSSUT Engineering University and Gangadhar Meher University in the vicinity, the establishment of IIM Sambalpur is poised to further enhance the area’s educational landscape.
Organized by the IIM Sambalpur, Union Education Minister was the Chief Guest at the Plantation Drive and Campus Tour. Shri Pradhan underlined IIM Sambalpur’s pivotal role towards sustainable practices and environmental preservation.

On the occasion, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur expressed his heartfelt gratitude to Union Education Minister for gracing the event and inspiring the students with his motivating words. He said that Shri Pradhan appreciated the modern classrooms introduced by IIM Sambalpur, which offer real-time information on the subjects to the students remotely located while the professor is writing on the board.

The day commenced with an early morning Plantation Drive where Shri Dharmendra Pradhan, along with Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, led the initiative of planting of saplings by more than 500 students of IIM Sambalpur and nearby schools on the sprawling campus. Following the Plantation Drive, the union education minister participated in the Campus Tour and interacted with the faculty member and students of the premier B-School. The tour provided valuable insights into the institute’s state-of-the-art infrastructure, academic facilities, and research centres.

The event garnered active participation from faculty members, staff, students, and representatives from various schools in the region.

About IIM Sambalpur:
IIM Sambalpur is one of the premier management institutions in the country and is widely known for its quality education. Located in Sambalpur, Odisha, the institute is committed to providing excellent management education, harbouring a sense of entrepreneurship, and developing socially responsible leaders. IIM Sambalpur is known for its 2-year flagship MBA programme and admissions are held via CAT along with 8 other IIMs. IIM Sambalpur cut-off is 92 percentile. IIM Sambalpur MBA fee is INR 13.04 Lakh, whereas IIM Sambalpur’s average package stood at INR 16.64 LPA and IIM Sambalpur’s highest package stood at INR 64.61 LPA for the 2023 batch.

The program takes a practical approach, focusing on tangible business outcomes and employing a pedagogy that combines Project-Based Learning with IIM Lucknow’s case-based methodology. By integrating these approaches, students can enhance skills like critical thinking, problem-solving, and collaboration, which are crucial in today’s business environment. Additionally, the program offers learners the opportunity to connect with industry stalwarts and subject matter experts who possess extensive knowledge of AI and related concepts.

This carefully curated Executive Program in AI will offer networking opportunities for learners through a 3-day campus immersion upon completion to meet industry experts and renowned faculty from IIM Lucknow for an enriching and holistic learning experience. Comprising 8 modules, the course will be taught by expert faculty who will guide learners through the intricacies of the world of AI and ML. Upon completion of the course, learners will receive a certification from IIM Lucknow, adding to their credibility and enhancing their employability quotient. The prerequisites for the new course are that one must have a bachelor’s or a master’s degree in computer science, Engineering, Mathematics, Statistics, Economics, or Science, with a minimum of 50% marks at the time of graduating. The six-month-long program will be conducted through Live Online Lectures. All interested candidates must apply and pay the registration fees. If they are shortlisted, they will receive an offer letter, with which they can kickstart the next phase of their academic journey and career growth.

Besides, learners will gain an IIM Lucknow Executive Alumni Status. They will receive updates regarding the alumni body, invitations to on-campus and off-campus events, and even membership in local alumni chapters. Since the job factor is one of the most important in one’s academic journey, the Executive Program in AI will offer learners access to a premium job portal exclusive to IIM alumni, allowing them to climb the ladder in their careers.

Prof. Nishant Uppal, Chairperson, Management Development Programme (MDP), IIM Lucknow, said, “We are happy to announce the programme and invite all aspiring professionals to join us in this transformative Executive Program in AI for Business, where they will acquire the necessary skills, network with industry experts, and embark on a path towards success in the AI-driven industries of the future. Through a practical approach and a blend of project-based learning and case methodology, learners will gain a strong foundation in AI and ML while developing critical thinking and problem-solving abilities. By joining this program, individuals will seize emerging career opportunities and become leaders in the transformative world of Artificial Intelligence.”

Mr. Nikhil Barshikar, Founder and MD of Imarticus Learning said, “AI has undeniably been a game-changer for businesses across verticals, to the extent that it has been integrated into the daily operations of the majority of companies. And in today’s ever-evolving business landscape, acquiring the skill sets needed to leverage AI is crucial. IIM Lucknow’s latest Executive Program in AI for Business in partnership with Imarticus Learning is a comprehensive course that will allow learners to progress in their careers and become sought-after professionals. We are delighted to highlight the enduring partnership we have established with IIM Lucknow, as we embark on the fifth program together. This ongoing collaboration is a testament to our commitment to delivering exceptional educational experiences and reinforces our shared dedication to excellence in executive education.”

Professor Bharat Bhasker, Director, IIMA will make the opening remarks and set the context for the Summit. The Chief Guest of the day, Dr. Mansukh Mandaviya, Hon’ble Minister of Health, and Family Welfare and Minister for Chemicals & Fertilizers, Government of India, will give the keynote speech and Mr. Pankaj R Patel, Chairperson, IIMA Board of Governors, will deliver the inaugural address on the occasion.  The valedictory address will be by Ms. S Aparna, Union Secretary, Department of Pharmaceuticals, Government of India.   Joining them will be Professor Tarun Jain, Chairperson, Centre for Management of Health Services (CMHS), IIMA; Professor Viswanath Pingali, Executive Member of CMHS and Associate Professor in Economics at IIMA, as well as several business leaders and IIMA alumni as speakers in the panel discussions scheduled later in the day.

The inaugural IIMA Healthcare Summit will comprise two panel discussions, a start – up competition and submission of research papers, bringing together industry leaders, academics, researchers, and government officials on a common platform.

Speaking about the significance of this Summit, Professor Bharat Bhasker, Director, IIMA, said, “The Indian healthcare sector is witnessing an unprecedented growth over the last few years. Technological advancements and innovations have further accelerated its growth making India one of the most sought- after healthcare services destinations across the world. To ensure that this growth is widespread and sustainable, it is important that we look at promoting innovation and encourage start-ups as well as review our policy making efforts, to nurture a robust eco-system that will ensure a well- balanced growth of the healthcare sector across the country, from metros to remote areas.”

I am delighted that Dr. Mansukh Mandaviya, Hon’ble Minister of Health, and Family Welfare and Minister for Chemicals & Fertilizers, Government of India will be participating in the inaugural edition of the IIMA Healthcare Summit, which is poised to become a milestone event. I would like to congratulate the IIMA Alumni Special Interest Group in Healthcare and the Centre for Management of Health Services at IIMA for their efforts in making this event a reality.”

The summit will feature two tracks, each focused on a crucial aspect of healthcare innovation. Track 1 on ‘Healthcare Start-up Ecosystem’, will be conducted by the Healthcare SIG, while Track 2 on ‘Policy Research’, will be conducted by CMHS. One of the highlights of the Summit will be the Healthcare Start-up Ecosystem track, which will comprise two panel discussions and a competition for healthcare start-ups. The competition will encompass three groups – established start-ups, early-stage start-ups, and concept-stage start-ups from students. The invited start-ups will be provided with a platform to showcase their innovative work, and awards will be presented to the top two start-ups in each category, recognizing their potential.

The IIMA Healthcare Summit is envisioned to be an annual event that garners recognition as a Must-Go-To event in India. The summit aims to receive support from healthcare associations, start-ups, and academic as well as research institutions, creating a conducive environment for collaboration and innovation in the healthcare sector. With a distinctive agenda, an excellent lineup of speakers, and participation from diverse audiences, the IIMA Healthcare Summit will work towards exchange of ideas, catalyze innovation, foster partnerships, and contribute to shaping the future of healthcare in India.

More information about the event available here: https://www.iima.ac.in/events1st-iima-healthcare-summit-2023

Indian Institute of Management Amritsar is all set to go live with the 8th edition of its Annual HR Conclave, Yukti. The Conclave is scheduled to be held on the 5th of August this year in the offline mode at Hyatt Regency from 9:30 am. The Conclave once again is set to create a dynamic platform where distinguished industry stalwarts with all-encompassing experiences in the HR domain can engage with budding managers and reflect on the recent trends and developments in the domain.
The theme for the first-panel discussion this year would be ” Impact of AI on HR: Opportunities and Challenges.” The theme explores the right mix of humans and artificial intelligence while discussing the significant opportunities and obstacles that come with it.
The Keynote speaker for the first panel is Mr. Raj Raghavan, Chief People & Culture Officer of Corestack.io. The panel comprises Ms. Sunita Rebecca Cherian, Chief Culture Officer & Senior Vice President, Corporate Human Resources, Wipro Limited; Mr. Rahul Bagale, Group HR Head, Force Motors Ltd.; Mr. Abhay Kapoor, Chief Human Resources Officer, Suzuki Motor Gujarat Pvt. Ltd.; Mr. Paneesh Rao, Chief Sustainability Officer, Mindtree and Mr. Gaurav Ahluwalia, Managing Director, Human Resources, JP Morgan Chase.
With artificial intelligence taking a quantum leap, every industry faces the daunting task of a paradigm shift in HR practices to adapt. The theme attempts to unveil this new normal in HR practices, discussing how companies need to have an agile backbone by harnessing the power of AI while maintaining an equilibrium between utilization & risk mitigation.
The second-panel discussion would be “Cultivating a Mentally Healthy Workplace: Nurturing Employee Well-being and Promoting Mental Health”. The Keynote speaker is Mr. Dharm Rakshit, Sr. GM HR and Lead Employees Relations of Hero Motocorp. The panel discussion will be taken forward by Mr. Pradeep Chavda, HR Transformation Director APAC, Middle East & Africa and Director Human Resources, India, Sodexo; Ms. Sandhydeep Purri, Chief People Officer, Sapphire Foods, Pizza Hut & KFC; Mr.Mukul Mathur, Group Head HR (CHRO), Ex-CJ Darcl; Mr. Gaurish Wagh, Global Talent Management & Change Expert; Divya Sonali Minz, Director Human Resources, Avnet India Pvt Limited.
Today organizations aim to foster a workplace that promotes well-being and creates awareness, and provides resources to employees to reduce burnout. With the potential to redefine the old constructs, HR teams across the globe are on a roll to align the organization’s strategic goals with healthy work-life balance to equip future leaders to navigate corporate life effectively. This topic delves deeper into the practised that help in the cultivation of positive mental health and evaluate the progress of the measures taken.

Overall, the two panels will address the two trend extremes of human resources and are a step toward understanding the newer HR practices that will likely come to the forefront. And to this end, the two-panel discussion at IIM Amritsar would help prepare future leaders for the uncertainties in a dynamic business scenario.

Professor Bharat Bhasker, Director, IIMA will make the opening remarks and set the context for the Summit. The Chief Guest of the day, Dr. Mansukh Mandaviya, Hon’ble Minister of Health, and Family Welfare and Minister for Chemicals & Fertilizers, Government of India, will give the keynote speech and Mr. Pankaj R Patel, Chairperson, IIMA Board of Governors, will deliver the inaugural address on the occasion. The valedictory address will be by Ms. S Aparna, Union Secretary, Department of Pharmaceuticals, Government of India. Joining them will be Professor Tarun Jain, Chairperson, Centre for Management of Health Services (CMHS), IIMA; Professor Viswanath Pingali, Executive Member of CMHS and Associate Professor in Economics at IIMA, as well as several business leaders and IIMA alumni as speakers in the panel discussions scheduled later in the day.

The inaugural IIMA Healthcare Summit will comprise two panel discussions, a start – up competition and submission of research papers, bringing together industry leaders, academics, researchers, and government officials on a common platform.

Speaking about the significance of this Summit, Professor Bharat Bhasker, Director, IIMA, said, “The Indian healthcare sector is witnessing an unprecedented growth over the last few years. Technological advancements and innovations have further accelerated its growth making India one of the most sought- after healthcare services destinations across the world. To ensure that this growth is widespread and sustainable, it is important that we look at promoting innovation and encourage start-ups as well as review our policy making efforts, to nurture a robust eco-system that will ensure a well- balanced growth of the healthcare sector across the country, from metros to remote areas.”

I am delighted that Dr. Mansukh Mandaviya, Hon’ble Minister of Health, and Family Welfare and Minister for Chemicals & Fertilizers, Government of India will be participating in the inaugural edition of the IIMA Healthcare Summit, which is poised to become a milestone event. I would like to congratulate the IIMA Alumni Special Interest Group in Healthcare and the Centre for Management of Health Services at IIMA for their efforts in making this event a reality.”

The summit will feature two tracks, each focused on a crucial aspect of healthcare innovation. Track 1 on ‘Healthcare Start-up Ecosystem’, will be conducted by the Healthcare SIG, while Track 2 on ‘Policy Research’, will be conducted by CMHS. One of the highlights of the Summit will be the Healthcare Start-up Ecosystem track, which will comprise two panel discussions and a competition for healthcare start-ups. The competition will encompass three groups – established start-ups, early-stage start-ups, and concept-stage start-ups from students. The invited start-ups will be provided with a platform to showcase their innovative work, and awards will be presented to the top two start-ups in each category, recognizing their potential.

The IIMA Healthcare Summit is envisioned to be an annual event that garners recognition as a Must-Go-To event in India. The summit aims to receive support from healthcare associations, start-ups, and academic as well as research institutions, creating a conducive environment for collaboration and innovation in the healthcare sector. With a distinctive agenda, an excellent lineup of speakers, and participation from diverse audiences, the IIMA Healthcare Summit will work towards exchange of ideas, catalyze innovation, foster partnerships, and contribute to shaping the future of healthcare in India.

More information about the event available here: https://www.iima.ac.in/events1st-iima-healthcare-summit-2023

IIM Bodh Gaya signed a Memorandum of Understanding (MoU) with National Skill Development Corporation (NSDC) on 31st July 2023 in New Delhi, Kaushal Bhawan. It was led by Prof. Vinita S. Sahay, Director, IIM Bodh Gaya and Sh. Ved Mani Tiwari, CEO, NSDC, in the presence of Secretary, MSDE, Sh. Atul Kumar Tiwari. By focusing on underserved sections and regions, the collaboration aims to bring about inclusive economic development and upliftment of marginalized communities, contributing to India’s overall socio-economic progress.
The partnership between the NSDC and IIM Bodh Gaya encompasses a wide array of initiatives to create a positive social impact. Joint research activities and surveys will be conducted to understand industry needs and ground aspirations, focusing on shaping employability skills, ensuring employment, and enhancing income levels (the 4E approach). The collaboration will also mobilize and partner with universities and colleges to bridge the gap between academic education and industry demands, empowering college students as envisioned under NEP 2020.
Furthermore, the MoU aims to promote grassroots innovations and social entrepreneurship, harnessing institutional strengths and networks. It will support dynamic skilling programs tailored to market demands and future requirements while linking social enterprises and SMEs to incubation support and mentorship for sustainable outcomes. The partnership will also contribute to strengthening the rural economy, providing training on market linkages, marketing, export promotion, and leadership for women.
With a focus on data analytics and AI, the NSDC and IIM Bodh Gaya plan to gain insights into industry trends and identify gaps for informed decision-making in skilling initiatives. They will collaborate on methodologies and experimental designs, building predictive models for data-driven decisions and enhancing the overall skilling landscape. Moreover, the MoU outlines the provision of inputs for special NSDC impact projects in socio-economically deprived sections, such as aspirational districts and border areas. It also highlights the importance of training programs for MSMEs, aligning them with global supply chain demands and designing entrepreneurship development programs.
This collaboration empowers learners with a comprehensive understanding and proficiency to effectively tackle prevailing environmental and social challenges. This initiative aspires to cultivate a culture of sustainable business practices and responsible corporate governance by equipping participants with the requisite knowledge and skills.
In response to the dynamic nature of today’s world, the courses have been meticulously curated to imbue individuals with the essential attributes of resilience and adaptability. These courses are tailored to nurture innovative thinking and foster the development of dynamic leadership capabilities, positioning participants to thrive in the face of volatility, uncertainty, complexity, and ambiguity inherent in the VUCA world.
The training of trainers is strategically designed to elevate non-governmental organisations (NGOs) by enhancing their training acumen. This augmentation empowers them to become effective agents of change within their communities, enabling the proficient delivery of skill development programs through adept capacity-building and handholding techniques.
Through an internship program, students of IIM Bodh Gaya will be groomed for rural marketing and SHG-Cooperatives promotion and encouraged to conduct case studies or research papers to showcase the transformative effects of skill development interventions, especially for MSMEs and underserved communities. Overall, this MoU reflects a comprehensive and multi-faceted collaboration that addresses key challenges in India’s skilling ecosystem while fostering social and economic growth across various sectors.

Indian Institute of Management, Amritsar, is the 15th IIM and an institution of National Importance established by the Ministry of Human Resource Development with the support of the Government of Punjab and the Government of India in 2015. IIM Amritsar offers a two-year General Master of Business Administration (MBA) program and a specialized MBA in HR and Business Analytics. The institute also provides a two-year Executive MBA(EMBA) in the hybrid mode and various customized short and long-duration Management Development Programs to cater to the dynamic requirements of the industry for students and working professionals. In 2022, the institute introduced the Post Graduate Certificate program in Data Science & Business Analytics (DSBA) as part of the early career program. This year the institute introduced M.Sc in Data Science & Management in collaboration with IIT Ropar. The institute firmly believes in imparting sustainable educational foundations and values in the thoughts and actions to develop leaders with wisdom and integrity.