Latest news with #IIM-A
Indian Express
27-05-2025
- Business
- Indian Express
IIM-Ahmedabad announces Rs 12 crore ‘inflation-adjusted' scholarship funded by Narayana Murthy
The Indian Institute of Management Ahmedabad (IIMA) has announced the launch of a inflation-adjusted scholarship — the Professor Jaswant G Krishnayya Merit Scholarship. The endowment will be funded by Infosys founder and former IIMA Chairperson Narayana Murthy. The scholarship will be awarded annually to the PGP student who secures the highest CGPA at the end of their first year. Murthy has pledged to fund the scholarship for a duration of 20 years, with the total amount estimated at Rs 12 crore, and will be inflation adjusted. The initiative aims to promote academic excellence and recognise merit at one of India's most distinguished management institutes. 'This scholarship is a tribute to Professor Jaswant G Krishnayya's enduring legacy and significant contributions to IIMA,' said Narayana Murthy. 'Professor Krishnayya played a pivotal role in shaping my early life and career. Through this scholarship, I hope to inspire future generations of students to strive for excellence and make a positive impact on the world.' Murthy's association with IIM-A dates back to 1969 when he served as Chief Systems Programmer. He later went on to chair the Institute from 2002 to 2007. Pankaj R Patel, Chairperson of the IIMA Board of Governors and Chairman of Zydus Lifesciences, expressed his gratitude for the generous contribution. 'Murthy's commitment is a reflection of his longstanding bond with IIMA and his belief in the transformative power of education. This gesture honours a respected faculty member while supporting emerging leaders of tomorrow,' Patel said. IIM-A Director Prof. Bharat Bhasker also commended the move, saying, 'This generous scholarship is a celebration of excellence, mentorship and impact. We are deeply grateful to Mr. Murthy for recognising Professor Krishnayya's contributions in such a meaningful way. It aligns perfectly with our vision of ensuring that financial barriers never stand in the way of academic potential.' The IIM-A Endowment Fund (IIMAEF), which manages alumni, corporate, and CSR donations, played a central role in facilitating the partnership. The fund supports the Institute's mission of global thought leadership, research, and academic excellence by enabling access to quality education irrespective of financial constraints. The Professor Jaswant G Krishnayya Merit Scholarship will officially be awarded from the current academic cycle, further strengthening IIMA's commitment to meritocracy and educational impact.
Time of India
01-05-2025
- Time of India
Two arrested with MD worth 5.5 lakh
Ahmedabad: Officials from the State Monitoring Cell (SMC) of Gujarat Police on Tuesday apprehended two men near the Indian Institute of Management, Ahmedabad (IIM-A), with nearly 55 grams of mephedrone (MD) worth Rs 5.50 lakh. Police sub-inspector K D Ravia and a team of the SMC intensified surveillance near Shivranjani Crossroads after they received a tip-off that two people carrying mephedrone were going towards IIM-A in a CNG rickshaw. The team set up a trap with the help of two govt witnesses and monitored traffic on the route. Around 4.30pm on Tuesday, they located and intercepted a rickshaw carrying two passengers near Matangi Apartments Lane, adjacent to the BRTS station on 132 feet Ring Road. The men identified themselves as Shahnawaz Pathan, 28, and Matin Sheikh, 30, both residents of Dariapur. Shahnawaz had two pouches containing white powder suspected to be mephedrone while Matin had seven such pouches. Upon questioning, they told the cops that the powder was mephedrone, after which they were taken to Vastrapur police station. SMC registered an FIR against them for running an organised crime under the Bharatiya Nyaya Sanhita and under the NDPS (Narcotic Drugs and Psychotropic Substance) Act. The duo also named two others in the case — Badshah Khan and Ajmal Khan from Dariapur, who are absconding. SMC sources said that they are probing if the drug network was active around the institute area and if the suppliers were targeting the students.
Mint
01-05-2025
- Business
- Mint
How to successfully negotiate a salary increment
It's that time of the year when you sit with your reporting manager inside a cabin, discuss the targets you've met and missed, and your overall performance at the workplace—all points of discussion that will help decide your salary increment for the next financial year. The thought of asking for a raise makes many employees nervous. Perhaps they do not want to come across as needy, lacking self-confidence, or maybe they simply do not know what to say. But asking for more from your employer is actually reflective of what matters to you. Negotiating a higher salary starts with thinking about the why, the what and the how much. As Amit Nandkeolyar, associate professor of organisational behaviour at the Indian Institute of Management Ahmedabad (IIM-A) says, it all begins with clarity on knowing your worth, and 'finding a way to intersect with your employer's expectations. What is your focus in relation to the company's goals? Ultimately, what you're doing is only a part of increasing their profits or revenues, and employers are paying you back as a function of it. You must highlight that and justify the why." It may seem unfair to have to justify the 'why"— after all, you did the work all year. But it's important to clearly communicate the value you are bringing to your manager and the organisation, especially when everyone else in the company is also angling for a raise during appraisal season. Sonal Agrawal, managing partner of the boutique executive search firm Accord India, suggests doing an honest self-assessment and analysing one's improvement in order to present a strong case for a raise to the manager. 'Quantify your performance and contextualise (the salary ask) with industry benchmarks you have gathered (from research). Then approach your supervisor for an appraisal conversation. Present your case logically and factually, and listen to feedback without issuing ultimatums, which could sour relationships," she says. 'If a raise is not forthcoming right away, understand why and ask how you might reasonably earn one—for example, by taking on more responsibility or explicitly defining results. Finally, agree on a review timeline." Awareness of changes in the industry and processes within a company plays a pivotal role in negotiating a raise as well as professional growth, something Sudha Ramanan (name changed on request), a Chennai-based hospitality professional, learnt during the covid pandemic. 'It was a challenging time for our industry," says the 37-year-old. 'A handful of expats left India for their home countries. I took advantage of the situation and interviewed for those vacancies, and our company preferred to hire someone internally to fill those positions." She had a track record of being a top performer, but hard times meant the company was hesitant to give her a raise, even though the new role was a larger one. So, she asked for the raise to be moved into a bonus component of 35%, to be paid out only if she met certain targets. They agreed, and she did meet her targets and received the raise. The pay package does not consist of just the take-home component, according to experts. Both Agrawal and Prof. Nandkeolyar share a tip: look beyond the number in the bank account at the end of the month. There are other categories open for negotiation during appraisals, points out Nandkeolyar, who teaches courses on negotiation analysis and leadership. One could ask for better health insurance coverage or expansion of coverage to other dependents. Another aspect to discuss could be flexible work hours, which one may value more. 'Figure out your value, consider the other parts of your compensation—they are all variables to be considered," he advises. Whether you want a salary raise, a promotion, more flexibility in work hours or something else that makes you more feel valued at work, there are two crucial factors that should be considered during a negotiation—self-worth and timelines. To illustrate, K.M., a senior manager at a leading retail organisation in Mumbai who wants to remain anonymous, shares a recent instance when one of his 20 colleagues capitalised on both aspects while negotiating his salary during an annual review meeting. 'He (the reportee) viewed appraisals as a long-term game plan," he says. 'He had prepared a year in advance." It was a two-pronged approach—professional and personal. During the appraisal process, he set expectations by asking the manager's goals, the problems in his department, suggested ways to fill the gaps for the year ahead, and ensured the targets were met. On the personal front, during team lunches and casual office gatherings over the year, he would mention that his children's school fees had increased, raising his expenses. There were times he would also ask for a mid-year salary correction. 'This modus operandi builds pressure for managers. We knew he was a good performer who knew his worth. Managers have an appraisal budget; and after planning every reportee's increment, we look at the extra money in our kitty and decide who deserves slightly more. This money goes to an exceptionally high performer or somebody we would fear losing to another organisation. My reportee would tick both boxes and usually take home the highest increment. Once, we promoted him to general manager with a 35% increment. The industry standard was around 20%, and anything more than 30% was considered high," says K.M. 'But we did it, because he was loud and clear about the effort he was putting into his work, and it really did show." Retaining a high performer is in the best interest of any manager and organisation. It is up to the employee to take accountability for this as well as get recognition for their work. 'At the end of the day, he says, 'one who makes themselves most visible gets the gold."
Deccan Herald
28-04-2025
- Business
- Deccan Herald
Apple App Store ecosystem thriving in India, facilitated Rs 44,447 crore in billings and sales in 2024
The IIM-A professor's study has shown that the total App Store earnings of small Indian developers increased by 74 per cent between 2021 and 2024. Rohit KVN
Hans India
22-04-2025
- Business
- Hans India
Career Launcher students secure 119 final selections at IIM Ahmedabad for 2025–27 batch
New Delhi: The final selection results for the 2025–27 batch at the Indian Institute of Management Ahmedabad (IIM-A) have revealed a significant number of candidates from Career Launcher. A total of 119 students associated with the institute have secured admission offers — 111 in the flagship Post Graduate Programme (PGP) and 8 in the Food and Agribusiness Management (FABM) program. In the highly competitive PGP course, Career Launcher students account for approximately 29% of the expected batch strength, based on an estimated intake of 380–385 seats. This represents a 30% increase in selections compared to last year's 85 admissions. The institute also recorded a call-to-conversion ratio of 34%. Meanwhile, the FABM program saw 8 candidates from the institute make the final list, which is about 18.8% of the total intake for the program. This marks a notable rise from 3 selections the previous year — an increase of 166%.
