Dec 30, 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 NE1, NE2 for north east zone. He also told the need of power exchange and an Exchange is essential to a market-driven economy where prices are decided by the forces of demand and supply. These forces are contradictory: e.g. the seller wants high prices while the buyer wants low prices. These conflicting forces determine the correct price of a commodity at a given time in a market-driven economy

To sum up the guest  lecture was a highly valuable session for all the listeners as the topic was resourceful and interesting with lots of technical contents related to power sector and how the demand in one corner of country get fulfilled with source lying at the other corner. Power exchange keep immense importance for a power starved country like India which needs to match up its power requirement with growing GDP.

Manoj Jhawar
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Dec 18, 2012

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 missions etc. She further addressed us on how, many a time the middle men become a bane for the craftsmen, embroiderers & farmers especially in the rural areas. Lack of proper knowledge and exposure to the right markets, often leads them into selling their products to the middle men who end up making huge profits for no absolute contribution to the product quality. A properly oriented awareness program to introduce these people to right market and the price for the goods would increase their income substantially. Increase in income of these people would improve their health conditions, and also due to increased income more kids would be able to attend school and better living conditions would prevail. In light of all these issues, and limited resources available, it’s a great platform for techno-managers to apply their knowledge in solving the problems concerning the developing India.
These are just instances of how and where the youth can contribute. Civil service does succeed in giving an inherently strong position to contribute to the society but in the end, the passion to make a difference and your determination to bring the change about is all that matters. She then went on to describe a typical working day in life of a DM; how  it isn’t out of ordinary to get a call for duty at 2 in the night; the festive season is the time they stay the most vigil for security reasons and how contingencies often spoil an otherwise perfect holiday! It is vital and often challenging, to maintain the balance between various driving forces and hindrances.
A truly inspirational speaker, whose enthusiasm for her job left all of us motivated. She later addressed various questions asked by the students and the end of session was marked by a vote of thanks extended by Dr. Deepu Phillip on behalf of the department and the students. 

Akansha Yadav
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Dec 8, 2012

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 sector with its innovation called ITC e-Chaupal which is also a channel for strategic sourcing. e-Chaupal is a part of Agri Business. He also highlighted the remarkable case study of Aashirvaad atta. Aashirvaad became a market leader in branded packaged atta in India with its strategic sourcing through e-Chaupal. Also many marginalized farmers have benefited from the pulp plantation on their wasteland with the help of hybrid plants developed in ITC’s R&D department. With its control at very lower level of supply chain, it has successfully launched new products like biscuits, noodles, confectionary etc. Thus ITC contributes to society and business simultaneously with its unique initiatives. And with the synergy of all its businesses it is achieving success. Overall it was an excellent great learning experience for all of us. Looking forward for more such enlightening opportunities in future!

Abhishek Pradhan
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Nov 30, 2012

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 Charles Schneider, the then CEO of Schneider in 1920s, envisaged the vision that doing well in France alone won’t sustain the company in the long run and it was vital to explore market worldwide. He took a stand, went against the decision of the local folks and brought Schneider to the world.

Energy management includes planning and operation of energy-related production and consumption units. Mr. Sreekumar gave us an overview as to how can technological advances help firms and businesses to make energy safe, reliable, efficient and productive from plant to plug. A method known as the Smart Grid Solution (which uses Substation and  Feeder Automation, Microgrid Control, Intelligent Meters etc) is implemented to increase energy efficiency. A Building Management System (BMS) is a computer based control system installed in buildings that manages and monitors access control, video security management, lighting control, ventilation, fire systems & energy efficiency. The latest advent in digital video security imaging science is the Sarix™, the proprietary, ground-breaking imaging technology that powers IP cameras with high-definition resolution, advanced lowlight capabilities, consistent color science, and super fast processing power.

The session was a highly interactive one with Mr. Sreekumar clarifying and answering the various queries put up by the students. Altogether it was a great learning experience for us.

Vidit Mehta
Lead Coordinator
Events and Seminars, PR & Media  
MBA 2012-14, IIT Kanpur

Nov 2, 2012

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 experience during job interviews etc.

Prashant Jain, who is currently working at Price Waterhouse Coopers (PwC India), told us that in his whole MBA program, he was always trying to make his work experience count and make the best use of it through the MBA program. He was finally able to achieve this by doing related internship and preparing well for interviews.

Aayush Jain, Paridhi Mutreja, Rubal Mehta, currently working as consultants at Deloitte, and Isha Sood, who is working at Infosys, shared their views on consulting as a career and also how the results are expected from them in short duration.

All of them enjoyed sharing their experiences at IIT Kanpur, with us. They talked about not only the excellent infrastructure and learned professors, but also about how they used to make last minute presentations and assignments.

MBA is not just about working hard to get a highly paid job, rather it is an experience, a journey towards learning more and better. They asked us to be proactive and concentrate on studies as this is definitely going to impact one's career options to be taken in future. They motivated us to make the best use of this 2 year span not only academically but also to groom ourselves completely.

Altogether, it was a great learning experience for us. Looking forward for more such enlightening opportunities in future!


Tulika Awasthi
Lead Coordinator
Alumni Relation, PR & Media  
MBA 2012-14, IIT Kanpur

Oct 18, 2012

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 NE1, NE2 for north east zone. He also told the need of power exchange and an Exchange is essential to a market-driven economy where prices are decided by the forces of demand and supply. These forces are contradictory: e.g. the seller wants high prices while the buyer wants low prices. These conflicting forces determine the correct price of a commodity at a given time in a market-driven economy
To sum up the guest lecture was a highly valuable session for all the listeners as the topic was resourceful and interesting with lots of technical contents related to power sector and how the demand in one corner of country get fulfilled with source lying at the other corner. Power exchange keep immense importance for a power starved country like India which needs to match up its power requirement with growing GDP.
Manoj Jhawar
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Oct 15, 2012

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” recently organized by HCL technologies is a step to identify and communicate the importance of women leaders in an organization. The occasion was blessed with the presence of global leaders at HCL technologies and I feel honored to be able to become a part of such a wonderful and enriching experience.

Ms. SrimathiShivashankar, an extremely elegant lady heading strategic divisionatHCL, set the ball rolling.She started by emphasizing on the need to move away from clich├ęs and brought on the table the concept of balance leadership. Maintaining equal stands of men and women in senior management positions in the company is what the term highlights. This balance has a direct implication. As more and more women gets included in leadership positions, the lesser the chances of risk gets. According to one of the McKinsey reports, it has been put forth that the teams with good number of women yields much higher productivity with lesser risks than the teams which are devoid of women. The entire scenario of gender neutral workforce revolves around what a person is and not who a person is. i.e irrespective of gender what matters is what qualities a person have, that can add value to the organization, that brings business to the table.

I loved the way she quoted the fact that Indian women need not reinvent, she just needs to pick a leaf up from her grandma’s book and there she is with all the answers, with all the remedies.

Women just need to rediscover herself. Many women fear leadership positions because they don’t find themselves competent enough to their male counterparts. Leadership doesnot imply that a woman changes herself or moulds herself by aping others. It is something which is an extension of her personalityand comes out very easily when the situation demands. It is just that she needs to realize her potential and be ready to take charge of the situation, when needed.Organizations want a balance between male andfemale employees for the purpose of sound decisions, for higher productivity.A right workforce brings right business for you. Women need to find such organizations which nurtures them and HCL Technologies is one right place for them.

The discussion was taken forward by Mr. PrithviShergill, Chief Human Resource Officer at HCL. He talked about HCL’s policy of “Employees First, Customers Second”. A book has been written on the same by HCL’s CEO Mr. VineetNayar. Mr. Krishna Chatterjee, Head Strategic Marketingalso explained how EFCS is a strategy, culture and a way of life at HCL Technologies.

HCL is a value centric organization and trust, transparency and flexibility are its basic pillars. The book is all about the transformation through a cultural change that came because of transparency. After its inception and implementation in HCL since 2005, the policy resulted in tripling of revenues and profits at HCL.

The four tenants of the book:
  • Mirror Mirror, Confronting the Truth deals with open and honest conversations across the organization to result in satisfied and productive employees.
  • Transparency to build Trust deals with sharing of financial information (good or bad) with all its employees.
  • Inverting the management Pyramid, the sole focus of which is to make the people at the helm accountable to frontline employees. An initiative is 360 degree feedback.
  • Recasting the Office of CEO, a value portal system where employees offer suggestions and solutions for change.
CEO, Mr. Nayar himself came to bless the occasion. According to him, the whole idea at HCL is to put the employees first so that the customer never feels second.

By placing the employees first, they are giving them the opportunities and good players wait for one single opportunity. Motivation is within each self. HCL provides you with a platform of opportunities. You have to remain self-motivated to grab the suitable opportunity.

The next focus of the meet was “Gender Intelligence”.  A lady with eternal poise, Ms. RanjiniManian,CEO,Global Adjustments, created an aura in the entire room, when she started mentioning  the growing importance of gender intelligence.

She quoted by saying that, women can be great leaders if they come out of their shells. They have great conviction power which is one of the cornerstones of leadership. Good leaders can bind the people in one vision and you need a great convincing power to do the same. Women have immense potential to be great leaders and they are very good at replicating the exact focus of the business into minds and hearts of the employees.

It is just that women need to recognize their potential. They need to come out of their comfort zones and should carry the transition from No Confidence to Confidence.

It is Ok to be Imperfect. Women are generally risk averse. Life doesn’t end by a wrong decision but women keep many things on stake and hence fear a wrong decision. They should give themselves the permission to be imperfect. And then everything will be fine.

She quoted a commendable example to focus on difference in thought structures, mentality of women in various countries and cultures.A child falls on stairs. A woman from western world will not cuddle her child but she will ask him to be careful next time whereas in the same scenario, an Indian woman will quickly hug her child and will start cursing stairs in front of the child.

Nice example, isn’t it?  And it says it all. We need to change our way of thinking and this transition has already started taking place particularly for women, since a decade or so.

Mr. Ed Cohen, Chief Learning officer then carried forward the discussion focusing on the emerging need of transition to a global mindset. He made us aware about various traits of independent and interdependent societies and centered his discussion on the need of globalization in today’s era.

There were panel discussions regarding the changing trends in IT market space and careers for management students and management of successful careers as women.

Women are excellent networkers, great mediators and are good in building relationships. The time has come that Indian women should rise and claim for their position in the organizations. HCL is one such organization which believes in women and gives them immense opportunities to prove themselves in today’s global scenario.

The day ended by closing remarks by Mr. Naveen Narayanan, Global head-Talent Acquisition.The remarkable insights from all distinguished speakers regarding women empowerment, leadership, and global business scenarios were clearly in line with the management philosophy at HCL Technologies and were truly enlightening.

Monica Agrawal
MBA 2013, IIT Kanpur

Oct 14, 2012

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's prank and Kripashankar sir's speech in sankrit were the attarctions,to name a few, that entertained the whole crowd. It was certainly a splendid experience. After the performances, momentos were given by the 1st Year students to all the professors.


Adding to the fun were superb performances of Abhishek Pradhan's mimicry of various personalities, Manoj Jhawar's singing and guitar performances and sensational guitar play by M Tech students. The IME party hosted a great platform for all the final year students, 1st year students and professors to get well-versed with each other and get a feel of IITK life.

And now it was time for the much awaited event of the day- DJ! As always, this time too everyone was sensational on the DJ floor, dancing to the tunes of foot tapping music. The dancing floor saw some of the best dancing skills by students.


This party just marked the beginning of the 2 wonderful years that we are going to spend here! It was one of the best parties that we experienced so far, and credit must be given to Ravi Kiran Bhupati and Ankita Sahare- the organizers of the event- for making this an unforgettable experience.

Sushil Panigrahi/Anshul Dixit
MBA 2012-14

Oct 6, 2012

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 decreasing our foreign currency reserves. He further briefed about the availability of various energy resources in the country and the issues faced in harnessing these resources. He told that the countries hydro-potential is confined to the north-east states only and there are various geographical, environmental and socio-economical issues present to harness these resources. Also, the Oil and Gas discoveries made by the country are very few and are under producing as per the stated production like the Krishna-Godavari D-6 block developed by Reliance. Country has abundant coal reserves but coal found is of inferior quality and due to improper framework and policy from the govt. side, we are unable to utilize coal completely. On the nuclear energy side, he informed that India has very limited uranium reserve to produce only 10000 MW of power and basically we are dependent on imports. Illustrating the growing energy requirement, he said that the coal demand is estimated to touch 1000 million tonnes (MT) by 2016-17 with estimated domestic supply of 750 MT. The gap in demand and supply is increasing day by day due to various issues present and this demand is fulfilled by imports. With the help of data metrics, Mr. Khan reported that India’s per ca-pita energy consumption is low compared to china, USA and Canada and it is increasing every day. The Electricity generation capacity remains lowest among countries like China, USA and Canada. Presenting the facts, he said that India’s energy shortage is 8.5 % and peak deficit stands at 11.1 % in the year 2011-12.

Mr. Khan further acknowledged the progress made in the area of laying down transmission line’s increasing from 3949 Km (1974-75) to 268693 km ( 2011-12)., the power generation capacity addition of 118536.6 MW under 12th Plan and the decrease in the plant (Coal Based) load factor from 77.3% (2006-07) to 79.3 (2011- 12).  Moving with the issue of securing energy supplies he emphasized the need to focus on larger domestic production, integrated energy policy to exploit the resources available in a sustainable manner and exploring other options like Oil and gas exploration, expansion of developed energy assets and imports to some extent.

At the end students asked questions to clarify their knowledge on various energy issues relating to Coal mining, thorium as sources of energy in future, planning of energy policy and role played by the planning commission. Overall, it was an interactive session with the students. Prof. Anoop Singh and Prof. Devlina Chatterjee from the IME department were present during the seminar and pitched in with their valuable comments adding diversity of thoughts and knowledge. Prof. Anoop Singh, on behalf of entire IME department and students offered thankful gratitude to Mr. khan for taking out time from his busy schedule and providing superior learning session to everyone.

Compiled By:
Anand Prakash Gautam
MBA Ist Year Student
IIT Kanpur

Sep 1, 2012

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 various activities including extensive client interactions, brainstorming sessions, project analysis and thorough research required to be performed as a consultant. Then he discussed the skill set required to step into the consulting domain followed by the success mantra for a successful stint as a consultant. He emphasized on three key points for succeeding at top notch consulting firms like McKinsey & Co., which are
  • Looking for long-term relationships
  • Providing clarity of communication
  • Proactive in grasping

He described the pyramid structure which most of the consulting organizations maintain and gave a factual statement "In consulting either you move up or you move out". Talking about various types consulting profiles, he laid out the career path and the hierarchy in the organization that goes with a consultant i.e. partner level and associate level. Finally he talked about the mobility. According to Mr. Gopesh a consultant needs to have great interpersonal skills, and should know how to deal and interact with the clients, gather the requirements and accomplish the task without formal authority.

Mr. Gopesh finally concluded the session with open questions from the audiences. This was really an awesome experience for IITK MBA junta as this was highly information-rich session and provided us unique opportunity to experience consulting industry.

Compiled By:
Sushil Panigrahi
PR & Media Cell

Aug 23, 2012

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 pairs and asked to perform according to certain situations. Now, every freshers' party usually involves a bit of friendly ragging, but everyone was in for a sweet surprise as the situations lined up for the participants were incredibly funny and hilarious, and had everyone in splits.


The events had participants performing in situational comic acts, dancing to sober as well as popular Bollywood item songs, mimicking popular personalities as well as using marketing concepts to sell totally awkward products to the audience, all of which were judged by a panel of seniors.

And how can a freshers' party be complete without crowning Mr and Miss Fresher? After two rounds of fun performances, where the freshers’ demonstrated their extra-curricular skills with fervour and a considerable amount of talent, the titles eventually went to Abhishek Pradhan and Tulika Awasthi as Mr and Miss Fresher, while Rajat Bhakri and Ankita Sahare were crowned as Mr Fantoosh and Miss Bindass respectively.


The evening finally came to its culmination, and with the mercury rising, the dance floor was left open for some unbridled high-octane exuberance. Colours of joy, happiness and togetherness could be seen in the students as the evening manifested youth and enthusiasm at its full flow. With pulsating ambience, flashing lights and foot tapping music, the DJ let the people shed all inhibitions and burn the dance floor. Few people, who were a bit reticent to step up and dance, eventually could not resist the latent dancers in them and joined in the party. All the hidden dancers came out with the typical unabashed and unrestrained dance moves, but as they say, we danced like nobody's watching, sang like nobody's listening and partied like it was the last day.

All in all, it was an evening to remember leaving behind memories to cherish for life. Gracias seniors! -Angshuman Sarkar MBA 2012-14

Aug 1, 2012

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 enthralled as always.

The blog wishes batch 2014 all the luck.

P.S: Do not forget to have a sincere look at Avant Garde- The monthly newsletter of MBA at IITK




Contributed by:
Hitendra Kumar
MBA batch of 2013
PR and Media Cell

Jun 16, 2012

Schedule: Memoir 2012

For Mumbai region click here

For Pune region click here

For Bangalore region click here

For Delhi region click here




Compiled by:
Hitendra Kumar
MBA batch 2013,
PR and Media Cell.

May 21, 2012

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 internship is overshadowed by the feeling of missing the heavenly campus and world class facilities. Testimonials are galore on Facebook. We get struck by IITK-mania and found to be missing IITK all the time, in every activity.

***

The first week of this month, I would say, was the season of farewell. While 2013 batch left for their summer internship locations, it was time for batch 2012 to say emotional goodbye to IIT Kanpur. I wish I could understand the phase they were going through when they were trying to recapture and relive all the moments lived at IIT Kanpur. They seemed to be wishing for longer days and nights. Here are a few testimonials( compiled from their Facebook posts):

Neha Jha
Sometimes it was tough, sometimes it was fun...learnt a lot of things..made a lot of lifetime friends and experienced a lot of memorable events of my life at IIT Kanpur .... MBA is coming to an end with a new life awaiting which would be very different from the one that I spent here in last 2 years...every moment would be cherished... :)

Snehal Mahajan
One of the best things that happend to me i.e. to be at IIT Kanpur...it was really a wonderful journey i must say...though with a pinch of worries, stressful events and challenges to face. This place has given me a new way of looking towards life and the zeal and determination to face all the challenges that come in the way. Made good friends here with whom some memorable moments were spent...nw it feels that 2 years just flew away. This place will be missed like anything...every moment spent here is cherished. "An end of a journey to begin a new one!!"

Itz Pangging
when i met u first i was not in a mood to say that one day i will fall in love with you, but today spending with you two yrs..i came to knw the thought, feeling you have .............today i feel i m in love with you......cannt stop saying i love you..............stay in touch .......to all iitk friends.....& iitk....♥

Nabarun Sengupta
Came to IIT Kanpur 2 years back with a goal....now after 2 years, along with an MBA, I have friends for life, amazing mentors and memories of a place truly like paradise..Somewhere in the midst of the fun n games, movies n masti, projects n presentations have become an MBA :)

Paridhi Mutreja
The final week at IIT Kanpur... Almost time to bid adieu to this wonderful place !! Mixed Feelings..

Harshad Nimje
Finally its time to Bid Adieu to this wonderful place on earth called as IIT Kanpur.. Thank you one and everyone who made these two years of life most memorable. These were indeed one of the best days of my life.... :) :)

Aayush Jain
Last 24 hrs in IIT. This place has given me a great educational experience, amazing friends, a great environment, freedom to do whatever I wanted and a brand for life. Will miss this place to the core... and as they say.. "I'll be back" ! :)

Rubal Mehta
Last day at IIT Kanpur . . feels nostalgic sitting in a room I am expected vacate tonight. Two years have been great at this 'next to heaven' place. Lots of experiences and memories being treasured away ... Bid adieu to the hostel life . . Will definitely see you soon IIT Kanpur :)

Vishal Vivek Jacob
Time to say Goodbye to the most amazing 2 yrs of my life......thanks to all my IITK mates who made this experience so wonderful.......I will always cherish these two yrs n will surely miss you all !!!!

Vijay Kibe
I never thought I can miss IITK so much, thanks everyone for making this stay memorable...in case I have hurt anyone knowingly/unknowingly then my sincere apologies...all the best for your future endeavours, may our paths cross someday...

Prashant Jain
Aaj college chodte hue bada senti senti sa feel ho raha h...:( Taking back a lot of sweet memories....

I, on behalf of MBA batch of 2013, wish all the luck to MBA batch of 2012.
We will miss you. When we return from our summer internship, the campus will not be same in your absence.


Contributed by:
Hitendra Kumar
PR and Media Cell
MBA 2013

Mar 2, 2012

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 developed “virtual” habits which are sometimes funny, sometimes irritating, and sometimes attention-seeking. The book nicely observes these minute behavioural changes...

One personal favourite line I would like to quote from the book. The summary goes like:
“ ‘Busy’ online status sometimes does not mean that person is busy. It means that the person has used his/her last attempt to salvage his/her self-respect because nobody pinged him/her as long as he/she was online waiting for someone to drop in.”

I believe that the book will help a person decode his/her special friend’s online behaviour. The book provides a number of cues.

Sometimes the book does seem to be verbose and contains unnecessary “upper-end” words, but that can be ignored given the urge of a new writer...

Overall I had a nice reading experience. Personally I don’t like reading a thick book. This book is perfect in content and thickness. I would not be surprised if you finish this in one session. Please do have a look.

Wishing Dhiraj all the luck.


Reviewed by:

Hitendra Kumar
MBA Batch 2013
PR and Media Cell.

Feb 18, 2012

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 continuous research and innovation to provide the best service to the customers. The provision like Mobile Number Portability has only increased the need of providing better-than-others services to the customers.

Coming to competition, Mr. Santhanam emphasized on the intensive competition that is being faced by the Indian telecom industry. He expressed concern over the unhealthy competition due to the presence of many telecom players. He said that the number of operators should not exceed 4 to 5 which is the case with other countries which are very successful in telecom as compared to India.

Telecom services deal with a lot of uncertainties. Policies have to be in sync with technology. Any change is technology would trigger radical changes in policies. The sector involves huge amount of dynamism - uncertainties in bandwidth, uncertainties in costs incurred in the services which delight the customers etc.

Mr.Santhanam then moved on to the basic mantra for success in telecom service offerings i.e. minute based methodology and value added services. It is easier for a common man to evaluate his expenses on number of minutes he used the service than the number of bits he used for GPRS based services and online applications such as Facebook. Migration for telecom from minute based to data based is challenging and unimaginable at this point in time. He said that since there is huge level of post purchase customer engagement in this sector, there is still a lot of scope in value added services which the telecom sector can think of implementing.

Towards the end, queries from faculty and students of the department churned out some interesting perspectives in the seminar. Mr. Santhanam concluded the seminar by citing the importance of maintaining uniform experience at all touch points in telecom industry.

Later, a vote of thanks was given by Prof Uday S. Racherla, IME department.


Contributed by:

Monica Agrawal
PR and Media Cell
MBA, 2013

Jan 20, 2012

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 by now, are accepting CAT score for admission into their MBA program. IIT Kanpur has set its own criteria for admission. The distinguishing point is that a cap in terms of 10th, 12th and graduation marks has been introduced. Girl candidates have been encouraged for admission by waving off their application fee (we do appreciate this step! ;))

We here at IIT Kanpur have been trying to answer the queries of candidates at various fora namely Pagalguy.com, Facebook etc. We do encourage the candidates to ask any query regarding admission. We try our best to answer them to the best of our knowledge, as quickly as possible.
Despite many changes have been alluded by our faculty members at different fora regarding the kind of candidates (in terms of experience and past academic record) they are looking for, it’s still to be seen which “breed” of candidates carries the prestigious legacy.
I, on behalf of MBA- 2013 and PR & Media team, wish all the luck to the candidates and hope that they get what they deserve.
Hoping to see u here!


Contributed by:

Hitendra Kumar
PR and Media Cell
MBA, 2013

Jan 10, 2012

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 means of financial statements, financial metrics and business trends. The relevance of valuation ratios such as P/E ratio and Earnings per share was emphasized upon.

On technical analysis front, the audience was introduced to the concepts of Japanese candlestick formation. Apart from several other concepts, most importantly, the audience was given a number of valuable trading and investing tips from the experts. The students had an opportunity to experience real time trading which enabled them to apply the learnt concepts. The two day session concluded with a panel discussion and freewheeling queries from the audience.


Report prepared by:

Alok Jain
MBA Batch of 2013
PR & Media Cell