IIM Lucknow has concluded its 2020-21 Final Placements for the 35th batch of MBA and 16th batch of MBA-ABM students. Owing to Covid-19 protocols, the process was conducted virtually.
This year, the highest domestic and international annual cost-to-company (CTC) package attained matched up to Rs 51 lakh and Rs 56 lakh, respectively. The average and median annual CTC stood at Rs 26 lakh and Rs 23.5 lakh, respectively.
According to IIM-L, top national and international recruiters participated in this year’s placement cycle, with recruiters offering a wide gamut of roles in domains like consulting, finance, general management, IT & analytics and sales & marketing.
A good number of prestigious first-time recruiters were also on-boarded this time apart from the legacy recruiters offering diverse job profiles to the candidates.
Mukesh Ambani’s Reliance hives off O2C business ahead of Aramco deal
BCCL
Reliance Industries Limited announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary. Reorganisation of O2C business facilitates participation by strategic investors and marquee sector focused investors, it added.
Mumbai-headquartered oil major also announced that it aims to work with the O2C business to reduce its carbon footprint and become net carbon zero by 2035.
Mukesh Ambani-owned Reliance Industries Limited, India s most valuable company, announced the demerger of its oil-to-chemicals (O2C) business into a wholly-owned subsidiary.
In a late-night filing to stock exchanges, the company said the reorganization would enable a focused pursuit of opportunities across the O2C value chain, improved efficiencies through a self-sustaining capital structure.
Mukesh Ambani-controlled Reliance Industries Limited (RIL), which has proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary, on Tuesday said it had received an approval from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this subsidiary. The company now requires the approval of equity shareholders and creditors, regulatory authorities, and the income-tax authority, besides the National Company Law Tribunals (NCLTs) in Mumbai and Ahmedabad. RIL said the approval process had commenced and was expected to be completed by the second quarter of the 2021-22 financial year. In a presentation to investors on Tuesday, RIL said that the creation of this subsidiary would facilitate value creation through strategic partnerships and attract dedicated pools of investor capital. The ongoing talks with Aramco for a stake sale in RIL were also mentioned in this presentation. When finalised, the deal is expected to be one of the la