International Business Summit

14/12/2016

You will be in shock when you will find TCS's CEO, Pay is nearly 460 times the median salary at the company.

And also read more about some Indian companies in that.

How 100 CEOs stack up in terms of pay-for-performance.

10/12/2016

President-elect Donald Trump has said he would not allow Americans to be replaced by foreign workers, in an apparent reference to cases like that of Disney World and other American companies wherein people hired on H-1B visas, including Indians, displaced US workers.

"The foreign workers brought in to replace them. We won't let this happen anymore," Trump vowed amidst cheers and applause from the audience.

07/12/2016

His Excellency Mr. Bulat Sarsenbayev started his speech by reminding the audience of his continued relations with the Somaiya trust, which exists for more than 15 years now. He began with the history of the statehood in Kazakhstan right from 13th century AD.

His Excellency reminded everyone that the country was once a part of the Soviet Union. Soviet Union established new banking system, financial system and a new socialist country. After the collapse of Soviet Union, Kazakhstan faced many political and economical difficulties, yet they grew strong. It was the first country to refuse the use of nuclear weapons. Due to many nuclear explosions in Kazakhstan the effects of it are reflected even today among many people.

He also mentioned about the major energy expo which is going to take place in 2017, at Kazakhstan, where more than 100 countries and millions of people have been invited. The project would be finished by December. They are going to use natural resources such as rain water, solar energy and others for the betterment of the world. All the development programmes were due in 2030 but it has been extended till 2050.

He spoke about the country's economic conditions and their plans for future. Due to globalization, their economy faced problems like reduction in prices for major commodities. In order to overcome this crisis, they created a fund in 2002 and in 2005 they created stabilization fund. He reminded that Kazakhstan is a 90 billion dollar worth economy. He also spoke about the development of the education sector. The Kazakhstan Government supports 3000 students every year, who make it to the 100 best universities in the world.


His Excellency was delighted to know about International Business Summit 2017. And showed willingness to visit the institute K. J. Somaiya Institute of Management Studies and Research again.

06/12/2016

Indian Prime Minister Narendra Modi has won the online reader’s poll for TIME Person of the Year, beating out other world leaders, artists and politicians as the most influential figure in 2016 among people who voted...

The Person of the Year will be announced on Dec. 7

05/12/2016

EBITDA is not a totally useless metric as a proxy for cash flow available to all stakeholders (i.e. debt holders, the government, equity holders, etc). We think it’s very valuable especially if it has been adjusted for non-recurring charges, particularly those of the non-cash variety. But Buffett is right, as depreciation is a real, ongoing expense – hence, having EBITDA minus ongoing, recurring CAPEX (EBITDA – CAPEX) paints a more accurate picture of a business as a going concern. Taking a multiple of EBITDA minus CAPEX is a way of valuing companies that must be considered...

In the 1986 shareholder letter Warren Buffett delves into what he calls “owner earnings”, which is what he deems to be the correct metric

22/11/2016

How Elon Musk is going to disrupt travel industry!!
India is planning for Bullet train but in the meantime world might move towards Hyperloop.
Should we invest in bullet train or wait for Hyperloop?

04/11/2016

Her Excellency Ms.Melba Pria Mexico Ambassador to India visited K. J. Somaiya Institute of Management Studies and Research for a Talk on “MEXICO-INDIA RELATIONSHIP”. Her Excellency began by thanking the management for their hospitality and gave her take on the relationship of Mexico with India.

Her Excellency began with sharing the fact that Mexico is the 14th largest country in the world. Mexico is also the 12th most populous country, with median age of their population at 26 years. Thus, Mexico has the youngest population, only next to India. It is also the largest Spanish (language) speaking country in the World. Entire Mexico is 1864 miles from end to end. Mexico is the highest FDI contributor from Latin America in India. Mexico is also part of the Pacific Alliance, which is a Latin American Trade Bloc comprising of 4 states, Chile, Columbia, Mexico and Peru. The goal of the alliance was to further free trade with "a clear orientation toward Asia", and economic integration. India is one of the 49 observer states of the Pacific Alliance.

While answering a question on women empowerment and values in the society, Her Excellency said,

“The power in you is when you recognize the power in others”

Her thought provoking speech and her insights about the International Business scenario were valuable takeaways for the students of K. J. Somaiya Institute of Management Studies and Research.

04/11/2016

The International Monetary Fund (IMF) and the World Bank Explained in One minute...

Video Courtesy : OneMinuteEconomics

01/11/2016

An Interview with Her Excellency Ms.Melba Pria Mexican Ambassador to India at K. J. Somaiya Institute of Management Studies and Research, Highlighting the Importance of International Business Summit.

Her Excellency began with sharing of the fact that Mexico is the 14th largest country in the World. Mexico is also the 12th most populous country, with median age of their population at 26 years. Thus, Mexico has the youngest population, only next to India.

Her Excellency added by saying that the world is a globalized place and you really have to be high quality students and high quality professionals to work in various countries.

While answering a question on women empowerment and values in the society, Her Excellency said,
“The power in you is when you recognize the power in others”

Lastly Her Excellency said when you are a student you think that world is too big for you, you think that there are things which you can or cannot do, believe me you can do anything India is in your hands...

31/10/2016

BBC News - Swiss railway ticket machines to sell Bitcoin digital currency

Switzerland's national rail service will begin selling the digital currency Bitcoin at ticket machines.

20/10/2016

"Unveiled the International Business Summit logo during the Students Exchange interaction with students from the Tsinghua university, Kj Somaiya Institute of Management Studies & Research (SIMSR) hosted 27 Chinese students along with their 3 professors for a day event; including students from Engineering, Management, Humanities etc. backgrounds."

They presented their college’s council functionalities and campus democracy, while we talked about innovation, culture, Trade relations, etc in India. We had open discussions over various parameters ranging from education, growth, and culture to future relations, opportunities and entrepreneurship.

16/10/2016

Kickoff of 8th BRICS 2016 Summit!
Leaders PM Narendra Modi, South African President Jacob Zuma, Russian President Vladimir Putin, Chinese President Xi Jinping and Braziian Pesident Michel Temer pose before a day full of diplomacy ahead at