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Sambalpur: IIM Sambalpur, the hand-crafted IIM and one of the most promising and dynamic management institutions among the new generation IIMs of the country, witnessed close to 140 companies visiting the campus this season with prominent participants and recruiters such as Nielsen, Reliance Retail, Ramco Systems, Tech Mahindra, Mindtree, Amul, Vedanta, HCL, SBI Life, Tata Steel BSL, Accenture, IBM, BYJU’s, Infosys, ICICI Prudential, Trident Group, Bajaj Allianz, ZS Associates, Deloitte India, KPMG, Ernst & Young, etc. The graduates were offered a myriad of lucrative roles across Marketing, Sales, BFSI, Operations, Consulting, Analytics, ITeS and bagged highly coveted roles in Fintech, E-Commerce, FMCG, and so on. With more than a 90% increase in the companies visited for recruitment, IIM Sambalpur set new standards and surpassed its previous placement records. This season recorded the highest annual CTC offered at INR 26.4 LPA, with the top 25% CTC at INR 14.91 LPA.
MUMBAI: After nearly doubling from the multi-year lows hit in March 2020, Indian equity market are likely to see moderation of return in the coming years, believes Sampath Raddy, chief investment officer of Bajaj Allianz Life Insurance. If all things fall in place, investors should expect equities to give 12-14 per cent annualised return, which will be little over India’s expected nominal GDP, projects the market veteran who manages nearly Rs 70,000 crore in assets.
Edited excerpts from an exclusive interview with ETMarkets.com
With the recovery being hamstrung by the second COVID-19 wave how has the macro economic outlook changed?
A $10 billion asset manager’s top sectoral bets for next 5 years
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The Nifty Infrastructure index has risen 16 per cent so far this year while Nifty Metal index has gained 56 per cent against a 9 per cent rise in Nifty50.
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MUMBAI: Bajaj Allianz Life Insurance’s Chief Investment Officer Sampath Reddy says the next three-to-five years may belong to the ‘old economy’, not the new one.
The fund manager, who looks after assets worth close to $10 billion, sees the engineering and manufacturing sector as the place to be unlike the common perception of betting on ‘new economy’ sectors like Internet and consumer technology.
Read more about Bajaj Allianz to offer up to Rs 1 cr support to Covid effected employees on Business Standard. Bajaj Allianz Life on Wednesday said it will offer financial support of up to Rs 1 crore to the family of its employees impacted by COVID-19.
Corporate India continues to chip in with its support even as the deadly second COVID-19 wave continues. As the number of infections grew across the country, this support is aimed at complementing state and local efforts to help those most affected by the virus.