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Showing posts with the label IIM Calcutta

IIM-Calcutta launches financial research lab

Kolkata: The Indian Institute of Management, Calcutta (IIM-C) on Tuesday launched a financial research and trading laboratory, the first of its kind in India. "Budgeted at Rs.1 crore (Rs.10 million), this is the first financial research and trading lab in India," Ajit Balakrishnan, chief executive officer of Rediff.com and IIM-C board chairman, told reporters here. "It will help students to test financial models with live market information from all major sources across the world, including the NSE, BSE and Bloomberg," he added. Asked if this was the right time to launch the project, Balakrishnan said it was. "The global financial meltdown has highlighted the need to create a new breed of finance experts who will be adept at creating and managing risks of innovative financial products such as derivatives." The laboratory with 51 terminals will have trading stimulator and data from NSE Cash, NSE Futures and Options (F&O), BSE Cash, NCDEX and MCX, as we...

IIM Calcutta to run financial reporting training course

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The Indian Institute of Management Calcutta (IIM-C) and audit firm PricewaterhouseCoopers (PwC) have tied up to train professionals in International Financial Reporting Standards (IFRS), according to a top IIM-C official. The two organisations inked a memorandum of understanding (MoU) on Tuesday to provide this training to address the existing demand-supply gap in the country for IFRS-trained professionals. "IIM-C will now run a specially designed executive programme on IFRS jointly with PwC in order to update working finance and accounts executives with IFRS, so that they can also be employed by global players," Saibal Chattopadhyay, dean, IIM-C said at a programme in the campus here on Tuesday.The training would be divided into two parts - basic and advanced module.The course module has been jointly developed by IIM-C and PwC and will be taught jointly by "our own faculty and by finance experts from PwC", Chattopadhyay said."Going further, training will be ...

IIMs confirm - No online CAT this year

. New Delhi: The Indian Institutes of Management (IIMs) have confirmed that the Common Admission Test (CAT) will not be conducted online this year, as was thought earlier. Subrata Mitra, admission chairperson at IIM Calcutta said, "Though we are in talks with several agencies for conducting the test online, it will be a pencil-paper test this year." Common Admission Test (CAT)The official CAT-IIM website says, "An article appeared in Business Standard dated February 4, 2008 which gives an impression that a decision has been taken that the IIMs will introduce online CAT from CAT 2009. This is totally incorrect. In view of increasing number of candidates, the IIMs are considering various alternatives for modifying the process of conducting CAT, if necessary. Online testing is one of those alternatives. The proposals are at a preliminary stage of discussion." The decision of conducting the test online will impact thousands of students, who, each year appear for the hig...