The successful moon landing of Chandrayaan-3, achieved on a budget of ₹615 crore, is set to become a case study for management students at the Indian Institutes of Management (IIMs). Professors and directors at IIMs believe that the mission, which exemplifies frugal innovation, can provide valuable lessons in strategy, collaboration, innovation, cost control, resource optimization, and how to process failure and move forward.
Amazon has also signed a memorandum of understanding with India Post to create a cross-border logistics solution that will expand the opportunity of global selling for businesses.
Indian Institutes of Management (IIMs) are set to see a bigger role from the government with both houses of parliament passing the Indian Institutes of Management (Amendment) Bill 2023. While some academics said the move will increase accountability, some others call the shift in the powers of the premium business schools confining.
In order to offer collaborative certification programmes for professionals, NSE Academy Limited (NAL), a fully owned subsidiary of the National Stock Exchange of India Limited (NSE), recently formed an arrangement with IIM Sirmaur.