Indian Institute of Management Bangalore is embroiled in a caste discrimination row, with a professor alleging denial of equal opportunity. Prof Rishikesha T Krishnan, director of IIM Bangalore, however, says these allegations are false. "Our legal team is fighting the case. The matter came up for hearing on 20.12.2024 in the High Court of Karnataka. The hon'ble court, after hearing the parties, stated it was of the prima facie view that the Directorate of Civil Rights Enforcement may not have the jurisdiction to enquire into the matter and passed an order of stay on the respondents from taking any further coercive steps against the petitioners," he says.
In an interview with FE's Vikram Chaudhary, he refrains from talking about this case, but talks about the achievements of the institute instead. Excerpts: B-school placements were under pressure last year. What's the latest update?
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Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
Sebi Relaxes Settlement Norms for Dormant Accounts
SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.
PSBs turn net sellers of govt securities
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STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
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D2C firm Frido set to be ₹200-cr brand
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Former executives at OYO, upGrad launch mobility platform
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