Greed is the biggest problem of capitalism, Gurcharan Das, author of international-bestseller India Unbound and former Chairman of Procter & Gamble (P&G), said while addressing the AIMA 2nd Business Responsibility Summit on July 17, 2009. The author, who took early retirement from P&G to become a full-time writer, is all set to release another book, The Difficulty of Being Good - On the Subtle Art of Dharma, in August this year.

Apart from bringing large-scale economic crisis, the recession brought with it the worst for any business the loss of faith. All India Management Association (AIMA) kicked off its two-day 2nd Business Responsibility Summit on July 17, 2009, on this note and went on to discuss business and its responsibilities towards the society. The Summit closed on July 18, 2009, with a session on Reinventing Management Education.

Even with no visible signs of recession receding, Indian MBA schools are growing at an unprecedented speed. Some time back IIFT told MBAUniverse.com about their new executive management program, and now it is the Xavier Institute of Management (XIMB) Bhubaneshwar! In an exclusive chat with MBAUniverse.com, XIMB Director Fr. PT Joseph, S.J. said, The XIMB is in the process of adding a new executive management program to its existing list of programs. XIMB is also offering more than 30 executive Development Management Programs (DMPs) in diverse rural and social areas.

All Indian Management Association (AIMA) will organize the 35th National Competition for Young Managers (NCYM)from July 10 onwards in Mumbai, Kolkata, Chennai and New Delhi. The finale will take place on August 22 in New Delhi. The theme for this years NCYM is Innovate, Restructure, Reorganize: Challenges for India Inc.

MBAUniverse.com is the Official Management Portal for AIMA NCYM.

The Management Development Institute (MDI) commenced the 5th Executive PG Diploma in Energy Management batch on July 14, 2009 at its campus in Gurgaon. The commencement was addressed by Former Secretary Ministry of Power, Government of India and Member, MDI Board of Governors, RV Shahi.A seminar on India Energy Security was organized at MDI Gurgaon to sensitize the participants.

In our previous article on online MBA coaching websites, we saw how sites such as Test Funda, TCYOnline, and topCATcoaching.com are gaining popularity among MBA aspirants across the country. In the second series, we at MBAUniverse.com examine how they can help MBA aspirants crack CAT 2009, and land a seat in their dream MBA schools.

Kai Peters, Dean and Director, Ashridge Business School, United Kingdom, has been selected as 2009-10 chair of the Board of Directors for the Graduate Management Admission Council (GMAC). Peters, whose term of office runs through July 1, 2010, leads a 14-member board that includes representatives from academy and industry in 19 countries. The board sets strategic goals and guides the non-profit education organization, which has a membership of 177 leading graduate business schools worldwide.

The Indian Institute of Management Bangalore (IIMB) is taking a leap into the digital world! It has roped in US based technology company SunGard to create a digital campus which will help increase efficiencies in course administration, improve student services, and enhance capabilities for collaboration with other MBA institutions. IIM B has selected SunGard Higher Educations Banner Unified Digital Campus (UDC) solution.

All India Management Association (AIMA) is organizing the eighth National HRM Summit on Positioning HR to Create Value: Achieving Speed and Scale on August 7, 8 in New Delhi. Mr. Yogi Sriram, Executive Vice President (HR and Administrative Services) of Larsen and Toubro Ltd (E&C) will be the Summit Director.

The announcement by the IIMs that CAT 2009 will be a computer-based test sent a majority of the MBA aspirants across India into a state of frenzy. Until last year MBA aspirants used to take the traditional paper and pencil pattern of CAT for getting into their dream MBA schools. But ever since the announcement, MBA aspirants have been running amuck in order to get their queries answered on how to go about the CAT 2009 computer-based test. Sensing the gap, many online MBA coaching and testing portals have come up to cash in on the rising demand of online testing.