IIM-Lucknow announces 1-year management programme for working professionals

IIM-Lucknow has announced the 15th batch for General Management Programme for Executives (GMPE). This one year part-time programme, with four on-campus modules of 9 days each, is specifically designed for working executives to prepare them for an advanced career in management.

GMPE offers a mix of experience sharing, real life case discussions and assignments for professionals to enhance their performance and create greater value in their work.

Applicants should have at least 50% marks in their graduation/ post-graduation (or minimum CGPA of 5 on 10 point scale) or CA/ICWA/CS and a minimum of 3-year full-time post qualification professional experience as on July 17, 2017.

IIM Lucknow

Prof Rajesh K Aithal, chairperson (MDP), IIM-L, said, “The programme will give the candidates an opportunity to immerse themselves in the IIM learning experience with 240 hours of classroom teaching across four on-campus modules of 9 days each. The GMPE is designed keeping the needs of the working executives in mind to help them prepare for their next career move. It will integrate advanced management theory, soft skills and quantitative methods with real world business practices.”

Prof. Omkar Prasad S Vaidya, chairperson (Long term-MDP), IIM-L, said, “This program is designed specifically for the working professionals, who wish to upgrade their education base but usually cannot do so because of their busy schedule and pressing commitments. This program has a blend of modern approaches in management studies. A proper mix of case study, role play, group exercises, analytics using finest software and the conventional lecturing approach. This program will be a most viable step in one’s lustrous career ahead”.

The programme would be delivered by IIM-L faculty. It strongly focuses on conceptual frameworks in business and management skills, communication skills, financial management, accounts, human resource management, qualitative methods & operation management.

In addition to term-end final examinations, the programme would also include the capstone project and other evaluation tests. Successful candidates will be given a program completion certificate from the institute.

GST Effect: Tata Motors Announces Price Reduction For Its Commercial Vehicle Range

Having extended the GST benefits for its passenger vehicle customers, Tata Motors has now announced that it will be extending benefits under the new tax slab towards its commercial vehicle business as well. Following the roll out of GST, the company has decided to pass on the entire benefit to customers on the ex-showroom prices. Tata’s commercial vehicle range for cargo with a price reduction between 0.3 per cent and 4.21 per cent, while commercial vehicles for passenger transportation will see a reduction between 0.6 per cent and 8.2 per cent.

In a statement, Tata Motors – Head of Commercial Vehicle Business Unit, Girish Wagh said, “We wholeheartedly welcome the initiative by the Union Government for introducing GST thereby bringing in one uniform tax across the country. This will bring about significant gains to the country’s economy and advantages for the stakeholders while enhancing the ease of doing business. We are confident that the post-GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand.”

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The reduction in prices should help Tata Motors’ efforts towards improving commercial vehicle sales. The company recorded positive numbers in June 2017 on a month-on-month basis. While sales were still 2 per cent lower when compared to June 2016, it was a sign of growth for the automaker having seen dwindling numbers back-to-back in the first half of this year. The improved sales were cited due to ramp up in the production of BS-IV vehicles and the overall production increase across different segments.

With respect to passenger vehicle sales, Tata Motors witnessed a drop of 5 per cent in June 2017, after what has been a largely positive year for the carmaker. The company cited uncertainty over the new GST norms as the main reason for its drop in sales. However, with an overall price reduction across its passenger vehicles, expect volumes to pick up once again. The Indian carmaker is also gearing up to introduce its much awaited Nexon subcompact SUV around the festive season.