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ISB launches two initiatives to promote student entrepreneurs
Hyderabad-based Indian School of Business (ISB) has launched two new initiatives in an effort to encourage entrepreneurship among students. ISB’s Wadhwani Centre for Entrepreneurship Development (WCED) has launched the Entrepreneurs Development Initiative (EDI) and Planning an Entrepreneurial Venture (PaEV) to incubate and promote entrepreneurial ventures by students.

Large-scale faculty positions in IITs, IIMs
Centrally-funded technical Institutions, including IITs and IIMs, are suffering due to about 25 per cent shortage of faculty, the Lok Sabha was told today.

News of the day

3 Idiots set to rake in Rs 65 cr in first 3 days
3 Idiots has passed the cinegoer’s test with flying colours. The Aamir Khan-starrer raked in Rs 12.5 crore on Friday. Experts estimate the movie to net Rs 40 crore over the first weekend from the box office, with gross collections of Rs 65 crore. Khan’s last release, Ghajini, earned around Rs 40 crore net in the first four days, since the movie released on a Thursday. Aamir Khan said: “The response is huge, we are still gathering the enormity of opening collections. To match Ghajini’s opening day collections is something, to surpass Ghajini is completely overwhelming.”
Business Opportunities

US markets drop on recovery worries

US markets slipped at the end of the week as worries about the economic recovery loomed once again. - Sensex makes remarkable recovery, regains 17K - Sensex ends up 247pts - Sensex jumps over 17K, up 200pts - Sensex slips again; realty index down 2% - US markets end weak - Sensex sheds 213pts on profit booking The Dow dropped 14 points to 10,318. The Nasdaq was down 11 points at 2,146. Indian ADRs were mostly in the green. Mahindra Satyam and HDFC Bank surged 3% each to $5.13 and $134.12, respectively. ICICI Bank and Dr Reddy"s added 2.5% each to $38.04 and $24.02, respectively. Sterlite, Tata Communications and Tata Motors also moved up around 1% each. However, Patni Computers slumped 3.5% to $19.36.


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