New Delhi: The Indian School of Business (ISB) in Hyderabad, which got listed in the top 20 business schools in the ‘Financial Times’ global rankings earlier this year, did not release highest salary figures in its job placement report of 2008, following an example set by the Indian Institute of Management in Bangalore (IIM-B).
“We are uncomfortable with being judged solely on the salary our students get”, said Ajit Rangnekar, deputy dean of the institute, which admits students with an average work experience of five years.
ISB though released average salary numbers, and said that in a class of 422 students, the average annual salary offer was Rs19 lakh, while average annual international salary offered was $144,812 (Rs58 lakh). These figures include bonuses and allowances.
- Aparna Kalra
Tatas to raise fresh loans against JLR assets
New Delhi:Tata Motors Ltd, which secured the rights to own the Jaguar and Land Rover marques, plans to raise fresh working capital loans against the assets of these companies, its chief financial officer C. Ramakrishnan said in an investor conference call on Wednesday. He also said that the $2.3 billion (Rs9,200 crore) purchase price took into consideration intellectual property on certain technologies and perpetual royalty free licences for other technologies, which Ford Motor Co. will supply to the British brands.
The $600 million, which Ford has guaranteed to pay to the pension fund, was decided as on October 2007 and the pension trustees have agreed to defer the next valuation of the fund by one year to April 2009, he added.
- Staff Writer
UTV announces launch of English biz channel
New Delhi: Media and entertainment company UTV Software Communications Ltd on Wednesday announced the launch of its English business news channel—UTVi. The channel comes with a strategic content tie-up with Disney-ABC International Television (Asia Pacific), the international television distribution arm of The Walt Disney Co., for ABC News programming and services.
“Till date the first mover in the business television space occupies 80% market share—which to us reflects a tremendous untapped opportunity,” said Ronnie Screwvala, chief executive, UTV Software Communications.
The new channel is positioned for younger audiences who, according to the company, are increasingly showing interest in being informed on global matters. The programming will thus aim to simplify financial news and be more interactive.
- Priyanka Mehra