Top domestic salary at IIM Nagpur placements doubles to Rs 40 lakh

Highest domestic salary offered at the Indian Institute of Management (IIM), Nagpur, doubled to Rs 40 lakh year, as the B-school completed the final placement process for its flagship Post Graduate Programme in Management (PGP) batch of 2018-20. Last year, the highest domestic salary package that the institute had attracted was Rs 20 lakh.

The average pay package, however, increased only marginally by six per cent to Rs 13.10 lakh this year, from Rs 12.35 lakh a year in the previous batch. Average pay offered for the top five per cent and 10 per cent of the batch stood at Rs 28 lakh and Rs 21.60 lakh while that for the top 50 per cent was Rs 15.83 lakh per annum.

Apart from the final placement process, recruiters also made more pre-placement offers (PPOs), said L S Murty, director of Nagpur, which is soon planning to move into its new permanent campus with increased student intake.

Consulting, engineering services, ITeS and BFSI together recruited more than 79 per cent of the batch of 111 students. While more than 50 recruiters participated during the final placement process at

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VW says on track to sell over 100,000 cars By 2024 as it bets big on SUVs

The Tiguan Allspace, a seven-seater SUV that is the biggest new car in Volkswagen’s line up for the present year, was launched Friday. The vehicle is part of the German company’s strategy in which SUVs form the core of the company’s product line-up said Steffen Knapp, director for Passenger Cars.

The launch happens barely two weeks before the introduction of the company’s second SUV for the year which will be the 5-seater SUV the T-Roc and will hit the markets on the 18th of March.

While Knappe says that the Coronavirus disruption to economies which originated in China won’t upset the company’s middle-term stated goal of crossing 100,000 unit sales in the next four years, there have been minor hiccups for the roll-out of some models. For example, the BS VI versions of the Polo and Vento TSI (petrol) engines are currently only available in manual transmissions. The automatics are delayed by around two months, VW officials added.

Exports have also been under pressure. Mexico, which is a big market for VW India, is a little shaky because of exchange rates and other economic fluctuations and is thus

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How businesses & sole traders can claim tax relief on loss making businesses

With the Self Assessment deadline less than a month away, a lifeline has been handed to struggling businesses and sole traders who are yet to complete their tax returns.

Tax preparation specialist David Redfern, Managing Director of DSR Tax Claims Ltd, has issued his timely advice on claiming tax reliefs for loss making ventures, especially those businesses in their first years of trading.

It is not uncommon for a newly-formed business to run at a loss in its initial years of trading, due to the cost associated with breaking into a market as well as finding and retaining a steady stream of customers, including start-up costs such as advertising and publicity, premises and the initial administrative costs of setting up a business.

However, many small business owners and sole traders may be unaware of the available tax reliefs open to them to allow them to offset their losses against past or future profits, including capital gains. Redfern commented “In a tough trading environment, it is imperative that a fledgling business uses all tax relief options open to them in order to maximise their profitability and commercial advantage.

Larger businesses and corporations are well-equipped with accounting advisors who will inform

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