InFinNITIE is back

World trade figures have reached an all time high in January 2011. Greece and PIGS crisis no longer make the headlines. WTO negotiations are on full swing. On the other hand Brent crude trading at USD 116 is giving jitters to the Indian economy. Inflation is playing hide and seek with the policy makers. The fiscal deficit targets seem like a distant dream.

The fourth edition of finance digest from NITIE “InFinNITIE” explores the macroeconomic headwinds in the world.

It is a pleasure to bring to you mutual fund industry veteran Mr Sunil Singhania, Head Equities, Reliance Mutual Fund in the newly introduced $treet Talk section. The new section of “This and That” introduces some quirky facts from the world of finance. Rejoice with the fun elements of Finquzzitive – the quiz and Cro$$fire – a teasing crossword both centred on finance.

Our hearty congratulations to Ashish Korde & Esha Mehta from IIM Lukcnow for writing the award winning article “Unleashing the BCD Nexus in India – Repairing the broken Monetary Transmission Mechanism”.

Fin-quizzitive and Cro$$fire give you the chance of winning Rs. 1000 each. The deadline for submitting entries is 15th April, 2011.

Feedback regarding ‘In-Fin-NITIE’ can be directed to the editor at street.nitie@gmail.com. Please feel free to download and distribute the same.

The magazine can be downloaded here In-Fin-NITIE-Vol-2-Issue-1

InFinNITIE launched on new year eve

Greetings from Team $treet,

As we enter into new year, Team $treet brings to you the third edition of In-Fin-NITIE, the quarterly Finance digest from NITIE. It contains articles on various issues concerning Indian markets, IPOs, M&A and much more. We hope you enjoy reading the articles as much as we enjoyed compiling them. This time we are introducing two new fun sections besides Quiz, Fintoonz and CrossFire.

The article “Preference of IPO over M&A in current Indian business environment” by Aman Garg and Abhinav Dakalia of  MDI Gurgaon has been declared the best article by the judges. They win a sum of Rs. 3000.

In this edition, Fin-quizzitive, the Finance quiz  gives you a chance to win Rs. 1000. Do checkout our Fintoonz and CrossFire section. It gives you a chance to win Rs. 1000. The deadline for the submission of all the three is 20th January, 2011.

All this would not have been possible without your support. We thank all of you who contributed your articles or helped in other ways. We hope you enjoy the magazine and look forward to your continued patronage.

We would love to hear from you regarding the magazine. Please direct all feedback regarding ‘In-Fin-NITIE’ to the editor at street.nitie@gmail.com. .

The high quality version of the magazine can be directly downloaded from http://lifeatnitie.files.wordpress.com/2010/12/in-fin-nitie_q3_2010.pdf

NITIE, in association with INSEAD Business School and SJM SoM IIT Mumbai hosts SOM 2010

NITIE, in association with INSEAD Business School, The School of Management, University of Texas – Dallas and Shailesh. J. Mehta School of Management, hosts SOM 2010, an Annual International Conference with the theme “Positioning Operations Management for Global Excellence” is an effort to provide a global forum for practitioners, policy makers, teachers, researchers and learners to share their practical experiences and models for redefining operations to meet the changing requirements of global business. The objective of the conference would be to provide a knowledge sharing platform for promotion of research and experiential finding through empirical study, qualitative modeling and case studies. It is intended to address various frameworks, models and best practices in business excellence through scientific thinking for developing dynamic and sustainable organizations to meet the requirements of emerging knowledge economy.

SOM 2010 invites researchers, learners and practitioners to submit research-based as well as practical papers linked with the theme of the conference. The broad areas/ sub-themes that will be of interest for the conference are given below. Extended abstracts (5 – 6 pages) of papers can be submitted in any one of the following sub-themes or related areas.

• Operations Strategy
• Procurement/E-commerce
• Manufacturing Management
• Technology Management
• Inventory /Stores Management
• Knowledge Management
• ERP/Supply Chain Management
• Applications of O.R and O.M tools
• Quality and reliability
• Large Scale Operations & Logistics
• Intelligent Manufacturing Systems
• Productivity and Competitiveness
• Optimization Techniques
• Business Process Outsourcing
• Decision Support Systems
• Innovation
• Project Management
• Service/Healthcare Operations
• Empirical Modeling
• New product development
• Public Systems management
• Sustainable Operations Management

All submissions to be made through email to som2010nitie@gmail.com before September 15th 2010.

Students pursuing Ph.D and Post Graduates by Research are invited to participate in the Doctoral Consortium which will be held on 17th December 2010. Students pursuing their masters degree can submit the extended abstracts of their projects undertaken in any of the relevant areas. Interested students may send a report of their research not exceeding five to six pages to som2010nitie@gmail.com.

REGISTRATION FEES:
Delegates from Industry : Rs. 5500/- US$400
Delegates from Academic/ R&D Organizations : Rs. 4000/- US$350
Delegates from SOM : Rs. 3500/- US$300
Students : Rs. 1500/- US$125
SOM Student Members : Rs. 1000/- US$100
Registration fee may be sent to the Conference Chair by draft/cheque drawn in favour of “NITIE, Mumbai A/C SOM 2010

NITIE presents Envision 2010 – The sustainability and environmental conclave

EnVision ’10 will be held on the 20th of August at the Peninsula Grand at Saki Naka, Mumbai.
The event starts with a case study competition where 6 teams across the B schools in India would make a case for green supply chain. This would be followed by the finals of EnQUIZitive – the green quiz competition where teams from FMS, IIFT, MICA and NITIE would vouch for the top honors.
The post-lunch session will have the much awaited panel discussion, The Sustainability Forum, on the topic “Green Products – from Rhetoric to Reality”

The eminent speakers that we will be having are:

- Mr. Ganesh Tripathy, Head-Safety, Environment, Sustainability & SHE Cluster Head-Unilever South Asia

- Mr. G. Udayabhaskar, GM (Env), Essar Group

- Mr. Niranjan Khatri, GM, ITC Welcomgroup

- Mr. Mr. Vijay Khole, GM, R&D, Mahindra & Mahindra

- Mr. Jaisingh Dhumal, Chief Manager, Technology Finance Group, ICICI Bank

- Mr. Sanjay Chavan, Principal Consultant, PE International

Envision is the flagship event of the PGDISEM students at NIITE – a course dedicated to Industrial safety and Environmental management at NITIE.
To book your seats at the event or for any clarifications, please contact
Mr. Terry Thomas
Convener Envision 2010
terrythomas.tm@gmail.com

NITIE annual IT conclave Litmus 2010 organised

’LITMUS’, the annual IT conclave of NITIE, was organized on Friday, 13th August 2010. It was the perfect amalgamation of the IT Industry and dynamism of business management. Organized by the students of NITIE’s dedicated IT management course, the Post Graduate Diploma in Information Technology Management (PGDITM), the highlight of the event was “Biz Talk”, a panel discussion on “Leveraging India as a Consumer: The next big catalyst in Indian IT growth story”.

Mr. Amod Vijayvargiya – Director, Global Knowledge & Business Services, Capgemini; Mr. Anirvan Saha – Senior Manager, Cognizant Business Consulting; Mr. Dhiren Savla – Director, IT, CRISIL; Mr. Pradeep Erinjery – Chairman & CEO, Thirdware Solutions; and Mr. Rahaju Pal – Director, Enterprise Risk & Services, Delloitte formed the panel. As the stalwarts of the industry, addressed the topic, the audience gained considerable insight into the growing Indian IT industry and its high potential to portray India as a consumer.

“There is a huge potential for the IT sector in the Indian market can be unlocked. Projects like the Unique Identification Project and other e-governance initiatives are opening new avenues for the IT companies”, said Mr.Rahaju Pal. Mr. Dhiren Savla added, “… (India) has 65% of its population below the age of 35; the consumerism is going to increase tremendously in the near future. Indian companies have a great role in taking this growth to the smallest corners of the country.”

Among the inter-college competitions held during LITMUS 2010 were “Biz Warz”, the B Plan competition (won by students from Institute of Technology and Management (ITM) Mumbai), “Sync Quest”, the case study competition (won by Indian Institute of Foreign Trade (IIFT), Delhi) and “Enigma”, the online quiz (won by FORE School of Management, Delhi). A total of over 500 students from across B Schools all over India participated in these events. Total prize money exceeding Rs 1 lakh was given to the winning teams.

This year, the sponsors for the event were Aditya Birla Group, Siemens, Indian Oil Corporation Limited and Alok Industries. Apart from this, Technopak was the case study partner, MBAUniverse – the media partner, Prueba – the knowledge partner, Loot – the merchandise partner and Dare2Compete – the B-School event partner.

The article can be found at http://www.indiainfoline.com/BSchool/InFocus/NITIE-organizes-Litmus-2010-The-IT-conclave/591052

‘In-Fin-NITIE’ – magazine from the finance club at NITIE

Despite the rickety infrastructure, its sluggish bureaucracy and the many problems of a developing country, India has established itself as a major player in the world economy. This is in part because of its reservoir of knowledge and in part because of its human capital. The unveiling of the new symbol for the rupee is a major milestone in establishing the rising supremacy of India on the global economic landscape.

The second edition of ‘In-Fin-NITIE’ from the house of Team $treet, the finance forum at NITIE, deliberates on whether India as an emerging market is overvalued. ‘In-Fin-NITIE’ also discusses multifarious issues ranging from India’s efforts in moving towards full Capital Account Convertibility to something as diverse as a sustainable model for German Independent Financial Advisors (IFAs).

‘In-Fin-NITIE’ also contains a message from the convenor, letter from the editor, other articles, a quiz and much more.

We would love to hear from you regarding the magazine. Please direct all feedback regarding ‘In-Fin-NITIE’ to the Editor at street.nitie@gmail.com

$treet is the Finance Interest Group at NITIE. Having completed 5 years of existence in the year 2009-10, $treet organized a wide variety of activities ranging from workshops to lecture series to inter b-school competitions.

The magazine can also be downloaded here.

In-Fin-NITIE_Q2_2010

MAHAMANDI 2010@NITIE – Mandi for the Managers

On the 31st of July, Mumbai witnessed yet another edition of Mandi, the unique on field marketing exercise conducted by NITIE. This event is part of NITIE’s unequalled action learning pedagogy, in which first year management students hit the streets of Mumbai selling educational toys. This year, the event scaled new heights and was rechristened MahaMandi 2010, as the students from NITIE invited their counterparts from some of the other top post graduate colleges in Mumbai – SJMSOM IIT Bombay, Wellingkar, SIMSR and TISS. More than 800 students spread out to different parts of Mumbai to sell the educational toys manufactured by Navnirmiti, an NGO working for the upliftment of underprivileged children.
Conceptualized by Dr T. Prasad (Senior Faculty – NITIE), this event originated from the belief that experiential learning in terms of a field marketing experience is as important as classroom training and education. Dr. Prasad says – “MahaMandi serves as an effective vehicle for three objectives. Firstly, it contributes to Navnirmiti, thus helping make a difference in the lives of many children who lose out on basic education. Secondly, it provides our students with a practical experience of classroom concepts like Marketing and Direct Selling. Thirdly, the toys sold are essentially educational tools that have been deployed by the NGO in many schools across the country.”
The event was flagged off from the beautiful campus of NITIE by Mr. Rajit Kapur (of Byomkesh Bakshi fame), Amol Mazumdar (Indian cricketer) and Rehan yar Khan (Founder at Flora2000 Inc).

After the inauguration ceremony, students started towards their chosen destinations to sell their products. They tried to woo customers at shopping malls, railway stations and other busy intersections in areas like Powai, Bandra, Dadar, Churchgate and CST. The toys on offer were Tangram, ‘Jodo’ Sets, Number balance and Navrang. Mrs. Beena Gite, a working mother of two said, “For me, these toys will serve as a new and unique way to teach mathematical concepts apart from the conventional method of teaching through school textbooks.” The sales for the day were an overwhelming Rs 10, 00,000.

The students describe their experience at MahaMandi- “This was a very enriching and fun filled experience for me as I got to interact directly with so many customers and learnt how to effectively make a sales pitch to them” said Maulik Desai, a first year student at NITIE.

Tree plantation drive in association with Haryali NGO

Rotaract Club, NITIE in association with Hariyali NGO organized a tree plantation drive at Bhavale hills on 25th July, 2010. It was a huge success with participation of 34 volunteers from the management students. A bus was organized to drop the students at the plantation site at Bhavale. The group set forth for the journey at 6:30 AM in the morning. The drive was very refreshing and appeasing to the eye. The greenery of the pastures and freshness in the air delighted everyone. On reaching the plantation site, a team of Hariyali veterans received the group and gave instructions on the day’s plans. Hariyali has a nursery at Thane, where seeds are planted in small plastic covers and allowed to grow to a certain height. Those saplings were then moved to the Bhavale hills plantation site during the rainy season as the chance of their survival is more at this time.

All the volunteers were excited to be in the midst of nature, with rain playing hide and seek all the time. Everyone toiled hard for 3 hours and the operation resulted in successful plantation of about 90 plants. The site had a reservoir as a part of the water conservation initiative. There were multiple groups volunteering on the same day and many corporates and college students had come to spend a day doing something worthwhile for mother nature. After the plantation, the group was taken for a tour around the hills which had wonderful views of some caves, reservoirs and waterfalls. It was a day that all the volunteers would remember and cherish for a long time to come.

Blood donation camp at NITIE

Rotaract Club, NITIE in association with Samarpan blood bank organized a blood donation camp at NITIE premises on 17th July 2010. The initiative was a huge success with a total of 84 units of blood being collected during the 5 hours of the camp. Out of the 110 students who turned up for the camp, 26 had to turn back disappointed as they did not qualify due to health reasons. The event was conducted under the aegis of Rotary club of Powai. It was nice to see the management students of NITIE take part voluntarily for a good cause and especially at a time when the blood bank had a Shortage of blood. The event resulted in creating awareness among many first time donors about the benefits of donating blood. It also dispelled many a myth about the safety concerns attached to it. The donors were given certificates as an act of appreciation for donating blood. They were also given complementary caps from Samarpan blood bank which carried the message on importance of blood donation. India lags behind in voluntary blood collected from its people and the youth of today have to show the way forward in improving the situation.

In the “groove” of B school

Groove, the official ‘welcome’ by the final year students to the freshmen, started on the 17th of June, 2010. It aimed to break the ice and establish a sense of camaraderie among the students. It was meant to offer them their first glimpse into the life that NITIE had to offer: sleepless nights, enthralling tasks and a lot of fun!
The first day started with an orientation session by the Dean (Academics) and a number of other faculty members. As soon as that was over, a plethora of events that included introductions, impromptu performances, games gauging team work and leadership, set the tone for the next 3 days. Work on a case study on finance, prepared by $treet, the finance forum, extended late into the night (and for some even early in the morning) for the freshmen. This is when most of them got a chance to have their first night snack at campus outlet of Nescafe.
The second day started with a morning walk around the campus. After having slept as late as 6 am, having spent the entire night deciphering the cryptic finance case, the serene environs of the campus were a little difficult to appreciate. But curiosity got the better of a few students. Questions ranged from favourite hang outs in the campus to leopards visiting the place! However the panoramic view of the college, flanked by the Powai and Vihar Lakes and the view of the Sanjay Gandhi National Park from the MDP Hostel rooftop aptly compensated the stress of the students.
The second day was packed once again. The marketing case studies saw some creative ideas being put forth, making judges hard to pick the winner. In the group skits, the performance of Dinesh as ‘Aag’ was an absolute show stealer, so much so that his team is often requested, to this date, for an encore of that act. The second night was reserved for an SCM case study. With hopes of garnering Pre Placement Interviews from C2X (the SCM forum), the freshmen spent another sleepless night engrossed in concepts such as supply-demand constraints and performance improvements.
The third day witnessed the introduction of the now infamous and highly addictive game called ‘Mafia’. The evening saw the campus being enthralled by two illustrious alumni from HSBC and E&Y. They shared their memories of the campus, their experiences in campus and the transition into corporate life, among others. The third day also had a lot of activities that aimed at getting the freshmen to know each other better and make new friends.
Being a student at NITIE, life somehow doesn’t seem to stop. As someone said, “I have been a part of NITIE for only a few weeks now, yet I can’t remember a time when I wasn’t living here, when I didn’t have coffee and Maggi at Nescafe at 2am or when I didn’t know the people who have become such an integral part of my life. You get surprised by the humongous talent of people around you and at the same time humbled by their docility.”