IIM-T to provide training for Rural Development Department officers, elected representatives
The Management Development Programme for Officers and Elected Representatives of the revamped Rashtriya Gram Swaraj Abhiyan (RGSA) scheme of the Rural Development Department of the State government was inaugurated on July 28, according to a press release.
The programme was launched by R. Anandakumar, Commissioner of Rural Development and Panchayat Raj. P. Saravanan, Dean, Corporate Relations and Faculty Affairs; programme directors Smita Prashant Chattopadhyay and Shalini Parth, faculty and staff from the Executive Education and Consultancy (EEC) office were present.
On July 27, IIM-T hosted Godrej Industries Ltd. for the on-campus launch of its national case competition LOUD (Live Out Ur Dream). The event, organised in collaboration with the IIM-T Placement Committee, attracted over 550 first-year students.
Senior leaders Abhay Parnerkar (CEO, Godrej Foods) and Vidhi Verma (Associate Vice-President, Organisational Development and Effectiveness, Godrej Agrovet) delivered talks that encouraged students to remain anchored to authenticity and value-centric careers, the release said.
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Business Standard
8 hours ago
- Business Standard
L&T terminated contracts of suburban rail project illegally, says K-RIDE
Press Trust of India Bengaluru The termination of two contracts for Corridor-2 and Corridor-4 of the Bengaluru Suburban Rail Project (BSRP) by Indian multinational conglomerate Larsen & Toubro is a clear violation of agreement conditions, said officials of K-RIDE, a joint venture between the government of Karnataka and the Ministry of Railways, on Saturday. L&T had terminated the contract on July 31, added K-RIDE. "L&T has made unreasonable demands of revising contract price within the contract period and converting EPC contract into an itemised Bill of Quantities (BOQ) contract, even though contract condition does not permit the same," stated a press release issued by K-RIDE on Saturday. According to the release, L&T had entered into two agreements to perform the work assigned to them in the Corridor-2 (Chikkabanavara to Benniganahalli) and Corridor-4 (Heelalige to Rajankunte) of the suburban railway project, added the release. Originally, the scheduled completion time for Corridor-2 (C2) was 27 months, but was extended up to September 30, 2026. The agreement entered upon for Corridor-4 (C4) is valid till October 2026. K-RIDE officials said all reasonable demands of L&T were addressed by them as per the provisions of the contract. "The contract permits extension of the period for delay in availability of the land by K-RIDE. But L&T has opted to terminate the contract unilaterally and illegally," said the release. The claims, said K-RIDE, had been referred to the Amicable Settlement Committee, as per the provision of the contract. The work front available to L&T is about 84 per cent of the total corridor length of C2 and 17 km in C4, said the release. "However, the progress achieved by L&T so far in C2 and C4 are not commensurate with the available work front, which exposes L&T's failures in carrying out the work, which is citing non-availability of work front as reason," added the press release. According to K-RIDE, work was delayed because L&T failed to mobilise adequate resources and there was a delay in finalising designs. It also said that the project managers of L&T were frequently changed, affecting the progress of work. There was no immediate reaction from L&T. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 02 2025 | 10:48 PM IST
Hindustan Times
9 hours ago
- Hindustan Times
L&T terminated Corridor-2, Corridor-4 contracts of suburban rail project illegally: K-RIDE
Bengaluru, The termination of two contracts for Corridor-2 and Corridor-4 of the Bengaluru Suburban Rail Project by Indian multinational conglomerate Larsen & Toubro is a clear violation of agreement conditions, said officials of K-RIDE, a joint venture between the government of Karnataka and the Ministry of Railways, on Saturday. L&T terminated Corridor-2, Corridor-4 contracts of suburban rail project illegally: K-RIDE L&T had terminated the contract on July 31, added K-RIDE. "L&T has made unreasonable demands of revising contract price within the contract period and converting EPC contract into an itemised Bill of Quantities contract, even though contract condition does not permit the same," stated a press release issued by K-RIDE on Saturday. According to the release, L&T had entered into two agreements to perform the work assigned to them in the Corridor-2 and Corridor-4 of the suburban railway project, added the release. Originally, the scheduled completion time for Corridor-2 was 27 months, but was extended up to September 30, 2026. The agreement entered upon for Corridor-4 is valid till October 2026. K-RIDE officials said all reasonable demands of L&T were addressed by them as per the provisions of the contract. "The contract permits extension of the period for delay in availability of the land by K-RIDE. But L&T has opted to terminate the contract unilaterally and illegally," said the release. The claims, said K-RIDE, had been referred to the Amicable Settlement Committee, as per the provision of the contract. The work front available to L&T is about 84 per cent of the total corridor length of C2 and 17 km in C4, said the release. "However, the progress achieved by L&T so far in C2 and C4 are not commensurate with the available work front, which exposes L&T's failures in carrying out the work, which is citing non-availability of work front as reason," added the press release. According to K-RIDE, work was delayed because L&T failed to mobilise adequate resources and there was a delay in finalising designs. It also said that the project managers of L&T were frequently changed, affecting the progress of work. There was no immediate reaction from L&T. This article was generated from an automated news agency feed without modifications to text.
The Hindu
10 hours ago
- The Hindu
K-RIDE calls it ‘clear violation of conditions' after L&T terminates Bengaluru suburban rail contracts
Karnataka Rail Infrastructure Development Enterprises (K-RIDE) has strongly criticised Larsen & Toubro (L&T) for unilaterally terminating its contracts for Corridor-2 (Chikkabanavara–Bennigenahalli) and Corridor-4 (Heelalige–Rajankunte) of the Bengaluru Suburban Railway Project (BSRP), calling it a 'clear violation' of agreement conditions. In a release issued on Saturday, K-RIDE stated that the contracts, valid till September and October 2026, respectively, do not permit unilateral termination by the contractor. 'Termination of these two contracts by L&T, received on July 31, is not expected from L&T,' it said. K-RIDE alleged that L&T had made unreasonable demands, such as revising contract prices mid-way and converting the Engineering, Procurement, and Construction(EPC) contract into an itemised Bill of Quantities(BOQ) contract, both of which are not permitted under the current agreement. Despite addressing all reasonable concerns through the contractual mechanisms, L&T went ahead with the termination, the release said. The K-RIDE, which is implementing the Bengaluru suburban project, noted that 84% of the work front in Corridor-2 and 17 km in Corridor-4 were already made available to L&T, but progress remained unsatisfactory. K-RIDE attributed delays to poor mobilisation, frequent changes in project managers, and slow design finalisation.
