IIM-A has Outsmarted Harvard Business School in Career Progress Date:   Friday , February 27, 2015 The survey initiated by Financial Times, a British tabloid, for the best B-schools globally witnessed the value of IIM-A rise when the college succeeded in securing 26th rank. The college ranked second in career progress leaving behind prestigious business schools of U.S., which includes Harvard Business School. The career progress in the survey included the degree of the length of service and the currently working companies with the alumni, based on which the ranks were decided. IIM-A and Harvard Business School emerged at the top of game securing the first position in the list of best B-schools overall, while London Business School and University of Pennsylvania ranked second and third respectively. Indian School of Business and IIM Bangalore drew attention by making it to the 33rd and 82nd rank in the list. Nevertheless, IIM-Bangalore is quite ahead attaining the 5th position in career progress along with ISB placed at rank 33. The assessment done by the survey comprised of many factors like career progress, school\'s potential to come up with ideas, value for money, heterogeneity of the faculty and students which were taken under consideration to come up with the final list. UK-based IFOA and the government of India tie up to launch course in Actuaries The central government is in talks with UK-based global actuarial professional body, Institute and Faculty of Actuaries, to introduce specialized actuarial course at the owned National Insurance Academy in Pune from next academic session. It is keeping in view the huge demand of specialized actuaries the country may have in future, post hike in FDI to 49 per cent from 26 per cent in the insurance sector of the country. \"We have suggested for having a 2-year post graduation diploma in actuarial science at NIA. We are sure that actuarial course may be a possibility at the institution in future as we are likely to have some tie-up with the institute in this connection in future for the same,\" IFoA chief executive, Derek Cribb. The total fee for undergoing a CAA course will be 380 pounds. Currently, there are 260 actuaries in the country who are fully qualified and passed the all 15 exams that are required for become a full-fledged actuary. The problem is merely 20-30 people qualify out of the 9,000 who are studying the actuary course in the country, every year. Globally, 200 students are undergoing the CAA course and 150 of them are from UK alone, he said. Actuaries possess expertise in the field statistics and mathematics, and help in risk assessment and estimation of premiums for an insurance business based upon past occurrences. Landmark Signed between Delhi University and NSDC With a view to provide comprehensive and employment-oriented education, the University of Delhi has taken an initiative to integrate \"skill with knowledge\" in its undergraduate programs. The university has signed a landmark MoU with the NSDC (National Skill Development Corporation) of the government of India to facilitate the introduction of skill-based courses in its undergraduate program and other programs of the university. These courses can be added on short-term courses, compulsory courses and long-term courses. The objective of the MoU is to improve employment potential of the students of the University of Delhi with systematic training, certificates of competency and placement assistance. The students would benefit in several ways pursuing these courses. Some of which are acquiring special skills, for jobs and entrepreneurship related to knowledge that they will obtain in their undergraduate program. This training shall be in sectors of banking, financial services and insurance (BFSI), IT and IT enable services (ITES) health care, media and entertainment, tourism and hospitality and automotive industry. 70 percent of all students under these courses will be assured placements through NSDC for jobs or becoming entrepreneurs in the above given sectors. These courses will be available in all colleges. IIM Graduates Turn to Startups and E-Commerce B-School students who are ready to join the startups seem to increase in 2015 as compared to the previous year, reports ETI. As per a survey done by them, one in every nine students from the batch of 2013-15 of India\'s top B-schools will be attempting to join startups or E-commerce companies as compared to one among 19 students in the batch of 2012-14. Moreover, since the last one year, startups and the e-Commerce companies have raised their offers up to 120 percent. Sharad Sharma, Angel Investor and former head of Yahoo said, \"This is just how the IT industry was in the initial days. First it attracted only the engineers and then when operations increased, they needed managers from top B-schools to expand.\" Indian Startups and E-commerce industries are gaining spotlight as days go by. More number of IIM students is chasing job opportunities in fresh and growing startups. TCS to Stick to Hiring Target from Campuses for FY16: CEO \"We\'ll stick to hiring plans, no change,\" Chief Executive Officer and Managing Director of TCS, N Chandrasekaran told on the sidelines of the annual Nasscom India Leadership Forum 2015 in Mumbai. In October last year, the Tata Group Company had announced that it would hire 35,000 freshers from tech schools in FY16, up from the 25,000 recruitments done in FY15. However, it retrenched around 1,000 employees for non-performance towards the end of the fiscal, leading to widespread criticism and anxiety about its strategy. On industry body Nasscom\'s target of 12-14 percent exports growth in FY16, Chandrasekaran said TCS generally grows faster than the annual number. \"We will wait, but in general we\'ve always exceeded the Nasscom forecast,\" he said, adding that the industry body\'s target should be taken as a \"given\" because of the efforts it takes in arriving at it. He also specified about client budgets and spending for 2016, and said the momentum is good for the technology sector, primarily on the back of adoption of digital technology. Indian Teacher in Final 10 for $1 Million Global Teacher Award Ahmedabad schoolteacher Kiran Bir Sethi has made it to the top 10 finalists along with an Indian-origin teacher from Timor Leste, Madenjit Singh for US$ 1 million Global Teacher Prize, to be given by the Varkey Foundation in Dubai next month. The Foundation has President Bill Clinton as its Honorary Chairman. The top 10 finalists were chosen from a list of 5,000 nominations from 127 countries Infosys Prize 2014 in Engineering and Computer Science Prof. Jayant R. Haritsa was awarded Infosys Prize 2014 in Engineering and Computer Science, a pioneer in the design and optimization of database engines that form the core of modern enterprise information systems. His many contributions have found direct use in various types of databases including decision support, biological and multilingual databases, as well as produced software tools for query optimization and metadata processing. Prof. Suman Chakraborty becomes Fellow of American Society of Mechanical Engineers Prof. Suman Chakraborty has been internationally acclaimed for his research that has been cutting across various facets of engineering sciences, breaking the disciplinary barriers in a true sense. Effectively translated fundamental research into the design of products and designed new-generation engineering devices that hold the potential of revolutionizing Indian low-cost biomedical diagnostics. His pioneering contributions are expected to revolutionize rapid, portable, accurate, and inexpensive medical diagnostics, the challenging proposition of the underdeveloped world.