IIM students get stipend of `1.6 lakh
Two students of Indian Institute of Management, Kozhikode (IIM-K) have bagged a domestic stipend of `1.6 lakhs each for a two-month long placement in the summer placements to be concluded by this week. Australia-based investment bank Macquarie had offered this stipend to the duo in their Mumbai office.
Last year, the highest domestic stipend was `1.2 lakh. There were also placements abroad whose stipend details were yet to be finalised. IIM-K placement committee told this newspaper that 60 per cent of the 2011-2013 batch of 348 students got summer placements within a week of commencement of placement. The students will be doing their summer placements for two months during April-June 2012. Though there were speculations of another slowdown, IIM-K did not find any difficulty in placing its students.
Reflecting the market trend, marketing companies picked up 40 per cent of the students, followed by finance companies who took 30 per cent. Top marketing companies including Hindustan Unilever Limited (HUL), Johnson and Johnson (J&J), ITC limited and Marico recruited students. Financial firms who visited the campus for recruitment include Deutsche Bank, Citibank, and American Express, Goldman Sachs and Standard Chartered. Companies from other sectors including general management, HR, IT and consulting.
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Student ends life over poor results
TANYA BAGCHI
Kolkata, Oct. 30
Parental pressure forced a Class 10 student to commit suicide on Saturday late evening in Kolkata. Sagnik Roy Chowdhury, a student of Ramkrishna Mission Baranagar, was found hanging from the ceiling fan after his father Alok Roy Chowdhury reprimanded him for performing poorly in the pre-mid-term examination. The police recovered a suicide note from the boy’s residence at Sonamukhi in Maheshtala area and took the parents into custody.
Sagnik used to stay in the hostel of his school. He had come to stay with his father and step-mother during the puja holidays. He had not informed his parents about his poor performance in the examination. However, a call came from the school authorities asking his father to meet the headmaster on account of Sagnik’s poor performance in the examination.
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