Skip to main content

Posts

Showing posts from 2012

A Guest Lecture on Operations and Functioning of Power Exchanges in India

A guest lecture was delivered by Mr. Akhilesh Awasthi, Director (Operations), India Energy Exchange. He spoke on the Operations and Functioning of Power Exchanges in India. Mr. Akhilesh Awasthi is an electrical engineer; he worked in the power sector for around 10 years. The guest lecture started with an overview of “India Energy Exchange” which is India’s first-ever Power Exchange. It serves as an optional, electronic, nationwide platform for trading in electricity.
Mr. Awasthi covered various topics related to Power Exchange portfolio bids, Block Bid rejection & re-inclusion process, national load dispatch center and power exchange interaction, how companies buy and sell power on exchange, congestion management, market splitting, UI-unscheduled interchange, NS-REC Trade at IEX. Besides he discussed  that entire country is divided into 12 zones for facilitating power exchange which are N1,N2,N3 in north zone W1,W2, W3 for south zone E1,E2 for east zone ,S1,S2 for south zone and NE…

An Interaction with Ms. Ministhy Nair - DM, Barabanki

Inspirational is the word for Ms. Ministhy Nair & her interaction with the students at IME, IIT Kanpur. Ms. Nair is presently the District Magistrate of Barabanki District, UP. An engineering graduate who pursued her management education from XLRI Jamshedpur and finally made her way into the glorious Civil Services! Ms. Nair’s main objective for this meet was to communicate and stress the significance of applying technical and management skills in public administration. Examples can be in administrative and policy making decisions, managing calamities like floods and famines, managing finances , optimizing utilization of resources, waste management etc. Adhaar card, for one, is how technology would help in better administration. Civil services present a platform, a powerful one at that, for the youth to address these issues directly. There are several spheres where one can work upon, for example: Literacy programs, waste management in rural/urban areas, women empowerment and health…

Guest lecture by CEO, ITC Ltd. on FMCG sector

On 11th of November 2012, we had the gracious presence of Mr. Sanjiv Puri, CEO, India Tobacco Division, ITC Ltd and it was a great learning experience for all of us to hear him on the latest trends and innovations in the FMCG sector. Mr. Sanjiv Puri joined ITC in 1986. Till 2000, he handled a wide range of responsibilities in eCommerce, Operations and Manufacturing in the Tobacco Division. He also led ITC Infotech Ltd, a wholly owned subsidiary of ITC, as Managing Director from May 2006 to August 2009. He was also the Managing Director of Surya Nepal Pvt Ltd, a subsidiary company of ITC in Nepal. He was responsible for diversifying the operations of the company into branded apparels, making Surya Nepal one of the largest private sector companies in Nepal.
Mr. Puri threw some light on the latest developments in ITC focused on triple bottom-line principle of ITC which aims at economical, ecological and environmental development of the company. ITC has contributed to the agricultural sect…

A Guest Lecture on Use of Technology for Energy Management

30th October, Tuesday. We had an interaction with Mr Sreekumar, who is the Vice President for  Field Services, Schneider Electric India. He had worked with Areva from 1986 -1990 and with ABB from 1990 – 2003 in Sales. Since 2003, he has been with Schneider Electric. He started in Strategy markets with responsibility for E&I, moved to heading New Growth Platforms (launched Voice Data Image, Building Management System etc.) and is eventually heading Power Monitoring and Control.
The session started off with him giving us an insight into Schneider Electric – the company. Schneider is a French electrical engineering company founded in 1836, and today, they are the global specialists in Energy Management. Few would be aware of the fact that Schneider comprises of around 120 brands globally. Schneider has expanded its operations all over the world by acquiring firms like Merlin Gerin, Telemecanique, Viridity, Telvent, Luminous, Areva T&D, Digilink etc. The story goes like that Charle…

A talk with alumni of 2012

13th October, 2012 - Day 3, Antragni! A mood of festivity as well as inquisitiveness. This eagerness was all about our chance, batch of 2014 to have an informal session with our super seniors, batch of 2012.
Few of them namely Aayush Jain, Isha Sood, Paridhi Mutreja, Prashant Jain and Rubal Mehta came to cherish the occasion of Antragni. After having stepped into corporate life, this was their first occasion to visit the Alma Mater, to refresh their memories. Indeed it was a great opportunity for the batch of 2014 as well, to be able to interact with them and gain from their experiences.
Many questions were gobbling in our minds when we started the conversation with them. These alumni have already been through the phase we are in, empathizing best with us, they tried answering all our questions. Questions covered a wide gamut specifically catering to the scope of consultancy for students of operations, relevance of work experience and a match of it with MBA courses, best portrayal of ex…

Mr. Akhilesh Awasthi Director (Operations), India Energy Exchange On the operations and functioning of Power Exchanges in India @IITK

A guest lecture was delivered by Mr. Akhilesh Awasthi, Director (Operations), India Energy Exchange. He  spoke on the Operations and Functioning of Power Exchanges in India. Mr. Akhilesh Awasthi is an electrical engineer; he worked in the power sector for around 10 years. The guest lecture started with an overview of  “India Energy Exchange” which is India’s first-ever Power Exchange. It serves as an optional, electronic,  nationwide platform for trading in electricity. Mr. Awasthi covered various topics related to Power Exchange portfolio bids, Block Bid rejection &  re-inclusion process, national load dispatch center and power exchange interaction, how companies buy and sell power on exchange, congestion management, market splitting, UI-unscheduled interchange, NS-REC Trade at IEX. Besides he discussed  that entire country is divided into 12 zones for facilitating power exchange which are N1,N2,N3 in north zone W1,W2, W3 for south zone E1,E2 for east zone ,S1,S2 for south zone and NE…

HCL Leadership Summit: An Experience Worth Sharing

“When women are the advisor, the Lords of creation don’t take the advice till they have persuaded themselves that it is just what they intended to do; then they act upon it and if it succeeds, they give the weaker vessel half the credit of it; if fails, they generously give herself the whole”  - Louisa May Alcott
This phrase defines how women have been suppressed since ages and how the cup of failure is always on their side of the table. With this, I would like to emphasize on how imperative it has become to identify, motivate and guide women professionals to succeed in today’s global economy.
Women are a critical aspect of any organization. Today, companies follow diversify & inclusion principle for a gender diverse boardroom. Women now have to break many cultural barriers imposed by the society. Being a woman, it feels glorified to seewomen’stremendousmanagement and entrepreneurialspirit to become an integral part of the great Indian success saga.
“Emerging Women Leader’s Summit” r…

IME Party 2012

Life at IITK can't get better than this. After the high octane freshers night by seniors, now it was our turn to script another memorable night. We, the new entrants of IITK, had to organize a party for entire IITK IME department (MBA, M.Tech, PhD)- students, professors and their family. The celebration was much eagerly awaited and anticipated after the unique experince of fresher's party.



After days of discussions and plannings, the D'day finally came. The theme for the party was traditional. The event started at 8 pm by the welcome ceremony of all the distinguished professors and their families.  The event, which was hosted by Praveen and Nidhi, had a lot of fun moments. Professors were invited to the stage one-by-one and they were given certain fun tasks, which they carried out with lots of enthusiasm. Their performance on the stage showed us a completely different side of our professors! Anoop sir's bhangra dance, Devlina madam's bengali song, Rachrella sir…

Seminar on Securing Fuel Supplies for the Power Sector

Guest lectures and seminars by top corporate leaders and high ranking government officials are the integral part of pedagogy of IME, IIT Kanpur. The valuable insight that the invited guest share about their experiences, business issues, challenges faced and subsequent dealing with such challenges provide immense knowledge to the students of management. Continuing with the trend, we had the presence of Mr. I. A. Khan, Adviser (Energy), Planning Commission, Government of India at the IME premises. He put across the issues from the planning perspective on the crucial topic: Securing fuel supplies for the power sector.
Mr. Khan started with pointing out that India as a developing nation requires growing sustain-ably at a rate of 8 %. Given the fact that the country is not abundantly rich in natural energy resources, an integrated energy policy becomes the need of the hour to fulfill our energy requirements. 77% of our Oil and gas requirement are already met through imports which is decreas…

A Day at a Consulting Firm

Consulting- most sought after career by MBA graduates for most of the b schools across the country. After all who wouldn’t want a career that challenges one's intellectual, analytical ability and in turn opens the door of millions of opportunities one aspires for? It's not only financially rewarding but also has a high level of job satisfaction. Sounds interesting, isn't it?
However, most of us being new to MBA are least knowledgeable about consulting as a career and consulting industry. So, to discuss consulting as a career, and to understand the core consulting concept and future roadmap of consulting industry, PR & Media cell recently organized an interaction with Mr. Gopesh Mittal, a consultant with McKinsey & Co. USA. He is an alumnus of IIT Kanpur and presently pursuing his Masters from Harvard Business School, USA.
Mr Gopesh started with an initial interactive session with the audiences on topic "A Typical Day for a Consultant". He elaborated on var…

THE HIGH OCTANE RIDE: FRESHERS NIGHT ‘12

“Dance like nobody's watching,
Love like you've never been hurt,
Sing like nobody's listening,
Live like it's heaven on earth”
 -Mark Twain

An apt quote to describe the sumptuous freshers' party for the MBA batch of 2012-14, organised by the seniors on 17th August, 2012. As with all freshers' parties, the gist of this night was to make every Y’14 MBA student feel like being an integral part of the IIT-K family, younger and ever new to take the challenge of the years ahead, ever fresh through the year and carrying the legacy ahead.
The proceedings started as early as 7pm, as all the students geared up for an evening of fun, enjoyment and relaxation. After ambiguity, predicament and lots of discussions over what to wear for the occasion, almost everyone reached the venue for the night, old SAC ground, by 7.15pm where the party finally began at around 7.45pm.


The event, compered by Sagar and Kanwardeep, kicked off with the Y’14 students being called on to stage in pa…

Break ke baad...

The summer internship break seems to have brought a conspicuous hiatus to the blog...

In life, at many occasions you feel “the circle” to be completing. In last few months a number of circles were seen to be completing right from the moment of joining the summer organizations. Summer internship, more or less, appeared as if we were serving the notice period to leave the organization for IIT Kanpur .The first lap of the circle...

The second lap of the circle could be seen while our interaction with a batch of new faces, of course with changed role. Batch 2014 was introduced to all the committees and activities that have become an integral part of MBA at IIT Kanpur.

Many laps are yet to be seen in the form of birthday celebrations which have already started.

Batch 2013 acted as a perfect bridge, and continues to do so, to pass down the prestigious legacy set by our distinguished alumni. The blog will see a change in terms of articles by new writers. Hope the change keeps us all enthr…

MBA @ IIT Kanpur: More than just an MBA

The season of summer internship has already started for MBA batch of 2013. All have already joined their respective summer-organizations and seem to be enjoying the work and the change. For some it’s a break from campus life and much awaited break from study. College graduates who don’t take a “working” break and join MBA program find an opportunity to earn their first salary-a beautiful experience which I need not explain for obvious reason.

While the excitement among fresh college graduates about summer internship is understandable, experienced students cannot be left in exception either. They are found equally excited. Perhaps the break from study is the main reason. The formal attires, which feel ignored for a long time, find a chance to breathe in free air; otherwise the formal attires, at least at IITK, become like a bride’s Shadi ka joda which makes special and rare appearance only.

However, when it comes to IIT Kanpur you find an exception. The excitement about summer intern…

The Asocial Networking: A book by an alumnus of 2011 batch

Very rarely does it happen that you see the things happening around and observe them. Even rare is the act of putting them down on a paper so accurately. This is not my cup of tea at least. I have, however, witnessed a similar micro-scanning work by Dhiraj Kumar-an IIT Kanpur alumnus and my long time friend: The Asocial networking.

Well, I seriously don’t know how to write about the book. Which to be mentioned first and which one after that... any page you pick has its separate riveting existence. That is the striking beauty of the book. Being an individual, you may beg to differ from Dhiraj sometimes, but most of the time the innocent questions and thought provoking views will force you to wear a lovely smile for sure.

The world has been changing and so has been the ways we communicate and network (do you think this word results from the same change in this context?) ourselves. The advent of social networking sites gives another platform to network. In this virtual world people have…

Seminar: Vodafone COO on telecom sector at IME department, IIT Kanpur

It was a clear sunny afternoon of February and the students of IME department, IIT Kanpur were eager and enthusiastic to meet Mr. Ravi Santhanam who is current COO of Vodafone, UP East circle. An IIM-C graduate, he has previously held several key positions at Reliance Communications.

Mr. Santhanam talked about the present scenario of telecommunication industry. While presenting a macro level environment analysis of industry he talked about key micro level issues the industry is facing. He said, although telecommunication sector has seen phenomenal growth in recent decade and seems to be very lucrative, its growth is dependent of various infrastructural and regulatory issues. The sector is unique in terms of licensing, lobbying, high capital intensive, continuous investment due to technology change, rent-seeking behavior and fight for finite communicable spectrum. The fight for customers and “online-ization” of services like banking, ticketing etc keep the industry on its toe for conti…

The Admission Season...

Of late it has been in fashion to exaggerate about the chilling cold of IIT Kanpur and believe me they are not wrong. We witnessed a few completely foggy winter days. The dancing fog in and around the hostel lobbies reminded us of Harry Potter’s foggy school... but all this could not restrict us from enjoying the weather...sometimes played football even in 20-30 metre visibility.

But,here, we don’t want to talk about the winter season. we want to talk about another season: The Admission season.
The admission season is back again... candidates are curious as to which college they would end up getting a seat in. The years of preparation is at stake... emotions are pigmented in colours of nervousness, eagerness and uncertainty... queries are galore just to sense whiff of success from one’s dream college... all suffice to make us nostalgic about our very own “season” last year...
IIT Kanpur has also tightened its belt to welcome the new members in its fold. IITs, as is known to all b…

Workshop On Stock Market Analysis

Business Club organized a workshop on Stock Market Analysis on 7th and 8th January. The workshop was conducted by professionals from Stock Market Institute, Bangalore. The idea behind the workshop was to bridge the gap between the theoretical and practical scenarios of stock market and other financial aspects. The workshop covered the basics of stock analysis and the fundamental and technical analysis of stocks.

Before discussing the technicalities of the subject, the speaker mentioned that stock markets are all about handling emotions. Further he talked about the role of various participants involved in the process ranging from SEBI, Brokers and Clearing houses. The cycle of stock market was then explained which comprises various stages such as Euphoria, Skepticism, Pessimism etc. Beginning the discussion on fundamental analysis, the speaker highlighted the top down and bottom up approaches. The overall objective in fundamental analysis is to evaluate the strength of the company by …