Interesting trends from placements at @IIM_Bangalore@rishikesha
481 offers made. All 435 students placed
Consulting companies: 165 offers
Of this, Accenture made 45 offers, followed by Bain with 24 offers. McKinsey made 18 & BCG made 13
67 offers in Finance. Goldman Sachs made 22 offers, followed by Avendus Capital (5), Citibank (5), Blackstone (2), Deutsche Bank (2), JP Morgan (1). Other recruiters in this domain included Kotak Mahindra (6), Wells Fargo (4), Axis Bank (2), Bank of America (2), Barclays (2)
47 offers made by conglomerates, startups & others. RPG Group -10 offers followed by Vedanta (8), Reliance (5), Capgemini (3), Navi Technologies (3), ABG (2), Adani Group (2), CK Birla Group (2), Machani Group (2), Tata Administrative Services (2), Tata Sky (2), and M & M
Sales & Marketing roles: Dr Reddy’s Laboratories (5), Procter & Gamble (5), Samsung (4), ITC (4), Anheuser-Busch InBev (2), Asian Paints (2), Lenovo (2), Pidilite (2), HUL (2), Coca-Cola (1), Colgate Palmolive (1), Johnson & Johnson (1), L’Oreal (1), and Wipro Consumer Care (1).
Operations roles saw 9 offers with Genpact (5), WNS Global services (3), and Natwest Group (1). The Analytics sector rolled out 10 offers with American Express leading with 6 offers, followed by EXL (2) and Target Corporation (2).
Expect positive trends from other IIMs in the coming days. The summer placements were very strong across IIMs a couple of months ago
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Poor performance by Cognizant at a time when its peers are posting blockbuster results
- Negative growth for the 1st time in his history
- Clocks record low margins
- Settles $140 mn with large client
- 6% quarterly spike in voluntary attrition 🧵
Posts $16.7 Bn for 2020 full year, a decline of 0.8% compared to 2019.
Cognizant Q4 revenue declined 2.3 YoY
This, even as it spent $1.1 Billion in acquisitions in 2020.
It has projected a revenue growth of 5.5%-8.5% for 2021. This includes 3% contribution from acquisitions
So without acquisitions, Cognizant would grow in 2021 by less than 5 percent, at a time when its rivals are talking about returning to double digit growth levels. A sad state for a company that used to be the barometer or growth for the Indian IT industry
Fascinating 2020 trends from Zomato 🧵
A person from Jalgaon, Maharashtra ordered 369 pizzas this year
A person from Bengaluru emerged overall topper, having placed 1,380 orders this year (4 orders a day)
I'm feeling a lot better about myself after seeing all this
Pizza and India
May - 4.5 lakh plus orders
July- 9 lakh
Sept - 12 lakh
Nov - 17 lakh
Guess this would have peaked during IPL, when people also felt more comfortable ordering in compared to the first few months of Covid
Biggest order:
Order amount- Rs 1.99 lakh (after discount of Rs 66K)
Smallest order: Rs 10 (after discount of Rs 39)
On December 29th, 1945, Muhamed Husein Hasham Premji, registered Western India Vegetable Products Limited after buying an oil mill in Amalner, Maharashtra. His son, Azim Premji would go on to build a diversified conglomerate worth billions, and give most of it away 🧵
Few would have imagined that a company that made vegetable and refined oils would go on to become a conglomerate that today houses a listed software giant, Wipro and an unlisted Wipro Enterprises- which has its consumer care, infrastructure engineering and medical equipment biz
21-year old Azim Premji returned to India in 1966 after his father's sudden demise, to take charge .Premji diversified the company to hydraulics, soaps and lighting. He spotted the IT opportunity in the late 70s and 80s, and forayed into making computers after IBM exited India.
Delivery trends from @DunzoIt for 2020 🧵
Over 3X condoms were ordered during the day compared to night
Top wellness orders
Chennai - sanitary pads
Jaipur- pregnancy tests
IPill - Blore, Pune, Gurugram, Hyd, Delhi, Mumbai
Top grocery orders
Blore - onion
Pune - milk
Chennai- potato
Delhi - soft drinks
Hyd - milk
Pune ordered 2x more Maggi than Mumbai
Delhi, Chennai and Jaipur ordered more coffee than tea.
Top food orders
Blore - Chicken biryani
Pune - Misal pav
Gurgaon- aloo tikki burger
Mumbai - dal khichdi
Jaipur- samosa
Chennai- idli
Sometime in 1976, Mrs Rajini Bector began making ice creams with a hand churner at her house in Ludhiana.. The initial response encouraged her to buy an oven that cost Rs 300 then 🧵
Two years later, her husband Dharamvir became her first investor, giving her a capital of Rs 20,000 that helped her launch a full-fledged bakery business.
This fledgling venture became Mrs Bectors Foods, which sells Cremica biscuits and bakery products under the English Oven brand today. It's also the largest supplier of buns/bread to chains such as Burger King, McDonald’s and Dominos Pizza.
In March this year, @sequoia Coronavirus the Black Swan of 2020. Cut to December & they have ended the year as the most active investor in India in terms of the number of deals by volume, according to data from @ventureindia 🧵 timesnownews.com/business-econo…
According to data from Venture Intelligence, startups in India raised $10.6 Billion across 648 deals in 2020, the lowest in 4 years.. in terms of the value of deals. While the amount raised by startups is lower, the year also saw the emergence of 10 unicorns.
TOP VC INVESTMENTS IN INDIA (2020)
Zomato
Oyo Rooms
Byjus
Ecomm Express
Dream11
Cars 24
Zenoti