A massive sum of Rs182 crore has been paid out in legal, consulting and audit fees to the team working on the resolution of the giant Infrastructure Leasing & Financial Services (IL&FS).
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WHAT IS IL&FS CRISIS IL&FS Crisis Infrastructure Leasing & Financial Services (IL&FS) is a non-banking financial company (NBFC), or 'shadow bank'. Established over 30 years ago, the conglomerate funds infrastructure projects across India. Some of the projects it has helped develop are 9-km Chenani-Nashri tunnel (India’s longest road tunnel), Delhi-Noida Toll Bridge, Ranchi-Patratu Dam Road, Baleshwar-Kharagpur Expressway, Tripura Power Project, and Gujarat International Finance Tech-City (GIFT). Among IL&FS shareholders are LIC, SBI, Japan's Orix Corporation, HDFC and CBI. The subsidiaries of IL&FS include transportation network subsidiary IL&FS Transportation Networks Ltd (ITNL), engineering and procurement company IL&FS Engineering and Construction Co Ltd and financier IL&FS Financial Services Ltd.
‘Consulting’ dominates summer placements at IIM-B
December 15, 2020
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The ‘consulting’ domain dominated the summer placements at the Indian Institute of Management Bangalore (IIM-B) with 144 offers. While 71 offers were made in finance, banking and investments, 95 in marketing and sales, and 81 general management, information technology (IT), Product Management and E-commerce saw 93 offers and analytics saw 18 offers.
All 525 eligible students of IIM-B were recruited for summer placements by over 130 companies, which made 529 offers.
“The entire process of summer placements was conducted online. All 525 students, including PGP and PGP BA students, were placed in less than a week of starting the process,” said U Dinesh Kumar, Chairperson of Career Development Services at IIM-B.
IIM Ahmedabad completes summer placements, 131 firms take part
There were 33 new recruiters this year, including Atlassian, Bayer, BPCL, Cipla, DuPont, Everest Instruments, Godrej Fund Management, Phillips, Purplle.com Oracle, Reserve Bank of India, Unacademy and Walmart Global Tech. December 11, 2020 / 08:33 PM IST
The summer placement process for the postgraduate programme in management students (Class of 2022) was completed by the Indian Institute of Management (IIM) Ahmedabad (IIM-A) in an online mode.
A total of 131 firms participated with 166 different roles in the summer placement process in 2020. Firms are grouped into cohorts based on the industry and sector, and groups of cohorts were invited to the campus across different clusters. IIM-A does not share compensation details.