Tag: SP Jain Institute of Management and Research

FT Global Masters in Management Ranking 2022: Seven institutes from India find place

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Financial Times has released its Financial Times Masters in Management (MiM) Ranking 2022, which ranks the world’s best business schools on 16 different criteria. The list marks the 100 best business schools in the world for master’s programmes, with the list being dominated by European institutions. India saw seven entrants to the list with the Indian Institute of Management, Bangalore, finding the top place among Indian institutions at 31. The institution has jumped up from rank 47 in 2021.

“We are happy that our focus on excellence is being consistently reflected in national and global rankings. IIM Bangalore’s leadership position in these rankings plays a part in raising the visibility and reputation of the school,” said IIM Bangalore Director Professor Rishikesha T Krishnan.

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Apart from IIM-B, other Indian institutions on the list include SP Jain Institute of Management & Research (SPJIMR) – Rank 44, Indian Institute of Management Lucknow (IIM-L) – Rank 64, Indian Institute of Management Udaipur (IIM-U) – Rank 81, Indian Institute of Management Indore (IIM-I) – Rank 89, NMIMS Mumbai- Rank 96, and International Management Institute New Delhi – Rank 97.

The University of St Gallen, Switzerland maintained its status as number one on the list for the 12th consecutive year. HEC Paris and Rotterdam School of Management, Erasmus University, Netherlands, took the second and third spots respectively. France was one of the most represented countries on the list with 25 entries to its name. Stockholm School of Economics, Sweden, ESCP Business School, France, Essec Business School, France, London Business School, UK, University College Dublin Smurfit School, Ireland, EMLyon Business School, France, and ESMT Berlin, Germany filled out the rest of the top 10 on the list.

Masters in management programmes remain some of the most popular in the world, with many of the institutions playing host to foreign students. International students made up nearly 50 percent of the student body in 44 of the schools on the list, Financial Times stated.

ALSO READ: NIRF Ranking 2022: IISc Bangalore is the best university, JNU ranks no. 2 — a look at top 10 universities of India

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ananth Narayan of SPJIM says Indian sovereign bond issue would look attractive now

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A fresh issue of India’s sovereign bond will look attractive as the coupon will be low and spreads even lower than countries with a similiar rating such as Indonesia, said Ananth Narayan, professor at SP Jain Institute of Management and Research. “There will be scarcity value for Indian paper,” he said.

Narayan explained that if you get money at 2.9 percent or 3 percent and you convert that into dollars by using the hedging market, you will pay a pretty high cost in rupee terms. The cost might be as much as 1 percent higher than where the government can borrow in the local currency market through government securities, he said.

“Therefore, arguing for the cost being lower is a bit of a smokescreen. The real cost on a fully hedged basis does not make sense. Mathematically, therefore, borrowing does not make sense,” he added.

According to him, there is good logic for options to be open for the government when it comes to borrowing.

“We already have about $240 billion of trade credits and ECBs outstanding. So somebody in the country is borrowing from overseas despite all the mathematics to fund growth in the country,” he said

“The point I am trying to make is in that USD 240 billion of trade credit and ECBs, the portion of sovereign debt is zero. The government does not go out and seek dollars or foreign currencies – that to me does not sound right. We are one of the only major countries not to have a sovereign bond,” added Narayan.

He further said that India has to have limited amounts when comes to borrowing from overseas. Therefore, there is no doubt that government and the RBI will be very prudential in overseas borrowings, said Narayan.

Speaking about the domestic market, Narayan said, “In the domestic market where foreign portfolio investor (FPI) participate, they are a bit player; they hold 30 percent of the outstanding debt of government bonds.”

“The by far bigger players are the government, RBI, banks, insurance companies, pension funds, all domestic players. By far 97 percent of the market is domestic. What will happen if you have a sovereign bond issuance and therefore bonds trading in the overseas market – that will be entirely held by overseas investors where they will have it bigger,” he further added.

Also read: Sovereign bond: To issue or not to

Editor’s Take: Latha Venkatesh explains pros and cons of government borrowing overseas

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow