IIM Bangalore releases list of short listed candidates

IIMBThe Indian Institute of Management (IIM), Bangalore has released the list of selected candidates for interview today. The list was released more than a week after the results of Common Admission Test 2009 was announced on
28 February.

Other IIM's like IIM Ahmedabad and IIM Shillong published the list of selected candidates on February 28 itself while IIM Calcutta (PGDM, PGDCM) and IIM Lucknow announced on 2 March.

IIM Kozhikode announced its short-list on March 5. IIM Indore and IIM Ranchi are yet to announce their lists. IIM Ranchi, IIM Tiruchirapalli, IIM Raipur and IIM Rohtak will have their first secession this year.

The results of CAT are used by these institutions along other business schools in the country for admissions into the two year management courses as well as other programmes.

CAT 2009 was first one to be conducted online as the test has been conducted on paper for 33 years before that. Around 241,582 registered to appear in the CAT 2009. Technical problems caused thousands to students to not appear for exam on the proposed dates between November 28 and December 7, 2009 and hence it was extended by further one day.

The institutes then decided to reschedule the test on January 30 and 31 for around 11,000 candidates who were unable to write the tests due to the technical issues.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.