Press release on our NAGPUR visit by PURUSHOTAM SATI

Delhi: the student team of FOSTIIMA BUSINESS SCHOOL, New Delhi participated in the financial simulation game at the IMT NAGPUR in their annual management fest “MILESTONE-35’.This Financial simulation game was organised under the name of “SAIL OF FORTUNE” The gruelling event was organised from 09 October to 10 October 2009. The theme of this year’s event was on the YUGAANTAR from Ice age to I.C.E. age. The event commenced with the inaugural ceremony on oct. 9^th, in the presence of the honourable Chief Guest Shri A. B. Pandey President-Foundry division of NECO Group of Industries. The FOSTIIMA team consisted of Purushotam Sati and Avijeet Kumar specialising in Finance.

The team of two students had been short listed for the final round at Nagpur from various entries from whole India. The first round was also based on the Financial Simulation game. There were 25 teams in the final round including various IIM’s, IIT’s and other top management colleges of INDIA like XLRI, SP JAIN, IMI, IMT-G, JBIMS, SIBM etc. It was not a easy ride for our duo as they pitted their learning against prestigious teams and were selected among the top 10 teams and awarded merit certificates and participating mementos. The financial simulation game UNCHARTED TERRITORY was played in 7 rounds. After each round, every team could get to know about the location of each other teams. They had to make the strategy based on the expected strategy of other’s teams. It was the ultimate test of managerial ability, analytical mind, strategy, Derivatives, Trading, Arbitrage, Risk minimisation, Portfolio and innovative ideas. They had to play the game and had to maximise the net worth of portfolio with respect to other teams. This game was played in 7 rounds in 18 hours.

According to our team members Purushotam Sati and Avijeet Kumar, it was both an enriching and enlightening experience signifying the high point of their MBA at FBS. They got a warm welcome at IMT-NAGPUR campus and a chance to interact with the students from other management colleges from INDIA.

The IMT-NAGPUR Faculty was very thankful to FOSTIIMA Business School, New Delhi for participating in the

Competitive game

Carbon footprint in INDIA

A Carbon footprint is the total set of greenhouse gas (GHG) emissions caused directly and indirectly by an individual, organization, event or product. In simple, it is expressed in term of the amount of carbon dioxide, or its equivalent of other green house gases, emitted. Carbon footprint is a subset of the ecological footprint. It is also like the water footprints. An individual, household, nation, organization or product’s carbon footprint can be measure by the green house gas emissions assessment with the help of carbon footprint calculators. Once we know the size of carbon footprint, a strategy can be devised to reduce it. Now days we all are working or concern about the measure to reduce the carbon footprint by using or promoting the use of solar or wind energy or reforestation. The concept of reducing the carbon footprints is known as Carbon offsetting.

There is no fixed parameter to judge the carbon footprints of any product in the world. According to The International organization for standardization. And Carbon trust there is no fix rule to measure the carbon footprints. For a single product, if you will use the different methodologies you will get the different results. Like for milk product, everyone is getting the different results. Because it is also depend upon the different type of fertilizer to grow the crops to feed to the cattails, the fuel truck to deliver the milk, and to power refrigerators to cooling. Many people use the lifecycle assessment to measure the CFP.

Now many companies are going to count the carbon footprint of their products. Wal-mart stores incorporation is the first company to count the carbon footprints and labels on the products. In India, many companies are coming as a trendsetter like India’s largest soap maker Hindustan Unilever limited India has implemented technology that resulted in significant carbon dioxide reduction in its manufacturing process. For instance, a single process change by India’s largest soap maker Hindustan Lever (HUL) earned the company 15,000 carbon emission reduction (CER) points over the last three years (it earns 15,000 CERs a year).

To put this in perspective, a company gets 1 CER point for the reduction of 1 tonne of carbon dioxide (Co2) under the United Nations CER programme.

If the CER is traded on the global carbon trading market, the makers of Lifebuoy, Lux and Hamam could potentially earn at least $150,000 (approximately Rs 75 lakh) from one process change alone since one CER trades at upwards of $10. Many companies in India are using the 5-R principle- Reduce, Reuse, Recycle, Recover and Renew.

According to KPMG India 83% of the Indian business leaders from wide range of industries, believes that they have fair knowledge on the issue of climate change and 48% thought that it is a serious issue which needs to be near the country’s top agenda. It is mandatory to all companies to submit corporate social responsibility reports(CSR) every year as per GRI( global reporting initiative)guidelines, as per triple bottom line approach, -social economic and environmental impact of company to the society. With 17.4% of the world's population, India accounts for 4.6% of global emissions - an average of 1.2 tonnes of CO₂per person. The distribution of current emissions points to an inverse relationship between climate change risk and responsibility. The world’s poorest people walk the Earth with a very light carbon footprint. We estimate the carbon footprint of the poorest 1 billion people on the planet at around 3 percent of the world’s total footprint. Living in vulnerable rural areas and urban slums, the poorest billion people are highly exposed to climate change threats for which they carry negligible responsibility. In India, the conventional cremations are adding big time to the CFP. Many times companies are reducing the carbon emission in one process and increasing in the other process. Government should come with the renewal energy law to reduce the carbon emission otherwise the GE product will come in the market. Like NESTLE is going to launch the GE product in India. BY- PURUSHOTAM SATI (FINANCE)

Delhi: the student team of FOSTIIMA BUSINESS SCHOOL, New Delhi have given the concept of COMMAN ROOF PROGRAME for the up gradation of the unlicensed petty vendors of Indian Railways at the Indian Institute of Technology Roorkee in their annual tech fest COGNIZANCE-09.This Business plan competition was organised under the name of Prodesk 3.0(Design for social need). The gruelling event was organised from 20 march to 22 march. The inauguration guest was honourable YAHOO INDIA head. The team was lead by Purushotam Sati and Rohit K. Gupta specialising in Finance and Marketing respectively.
The team of two students had been short listed for final round presentation from among various entries from whole India. There were11 teams in the final round including 3 IITs and NITs. It was not a easy ride, as they pitted their brains against prestigious teams and selected among top 3 teams and awarded by merit certificates and cash prize. The business model given by fostiimites was hand-to-hand activity of corporate, NGOs, and Microfinance institutes. It was the ultimate test of managerial ability, analytical mind, presentation skill, and innovative idea. They had to design the new innovative, light weight, aesthetically design, display system which should be worn by vendors. fostiimiites design the different display systems which were made by thin cane especially by flora in middle Himalya region (local name-Ringal). The display system presented by fostiimites was light weight from 0.5 kg to 1.5 kg and can sustain the weight up to 75 kg. They had also given many ideas to improve the sanitation and garbage problems as well as to generate the revenue.
According to the team members Purushotam sati and Rohit k. Gupta, it was both an enriching and enlightening experience signifying the high point of their MBA at FBS. The education imparted to them along with a bent of social consciousness would help them to apply their skills to the long term development issues facing the country and create both revenue as well as societal value.