To mark Teachers’ Day, Mr. Shashi Kiran Shetty, Chairman, of the Board of Governance, IIM Mumbai, and Founder and Chairman, of Allcargo Group, inaugurated the commencement of the new facilities, underscoring the institute’s commitment to fostering innovation and excellence. Mr. Shetty emphasized the institute’s dedication to providing students with an optimal environment for exploring Artificial Intelligence (AI) and technology.

IIM Mumbai proudly acknowledges the distinguished presence of Dr. Satheesh Reddy, President of the Aeronautical Society of India, Former Secretary of DDRND, Chairman, of DRDO, and Scientific Adviser to Raksha Mantri, who played a significant role in the inauguration of IIM Mumbai’s INR 800 crore campus enhancement project. Dr. Reddy, known for his groundbreaking contributions to India’s defence sector, attended the Bhumi Pujan ceremony, where he laid the foundation stone for the new development phase of the campus. IIM Mumbai is honored to have Dr. Reddy’s support and is excited about the new opportunities this project will create for students and researchers alike. His contribution to the event exemplifies the institute’s commitment to bridging the gap between academia and real-world technological advancements.

Commenting on the occasion, Mr. Shashi Kiran Shetty, Chairman, Board of Governance, IIM Mumbai and Founder and Chairman, Allcargo Group said, “This occasion will go down in the history of IIM Mumbai as a key milestone which marks the journey of this premier institute towards becoming one of the best B-schools in the world. The initiative to upgrade the campus is a part of our goal to develop a 21st-century infrastructure capable of exceeding global standards. Thanks to the prestigious IIM tag and the strategic location of the campus in Mumbai, the institute has started attracting faculty and students across the world. With state-of-the-art infrastructure, excellent faculty, and best-in-class pedagogy, IIM Mumbai will emerge as the best management institute in the world, producing the best in quality leadership and entrepreneurship.”

The forthcoming facilities will include the sprawling net zero campus of the future with world-class residential accommodation for faculty & students, startup ecosystem development, Management Development Programs, and a large auditorium. Additionally, the facility will include an Innovation Center focused on banking, finance, and fintech, an AI-based research hub, and a state-of-the-art library connecting students with global resources. The campus will host a prominent Management Training Center, offering certification courses and serving as a focal point for industry leaders.

Formerly known as NITIE, IIM Mumbai has a strong legacy in industrial and engineering education. Since its transition to an IIM, the institute’s climb to 6^th position this year in national rankings underscores the benefits of this change. Situated in India’s financial hub, IIM Mumbai is a significant development for the mega city.

Prof. Manoj K Tiwari, Director, IIM Mumbai, shared insights into the institute’s future direction, highlighting the introduction of new courses benefitting students and professionals. He also mentioned multiple partnerships with Indian and international communities, aimed at enriching the mission of knowledge sharing and global engagement.

Established in 1963 as NITIE, this institution has become a cornerstone of management education in India. A 65-acre campus surrounded by scenic landscapes with lakes on three sides, the institute hosts more than 1,200 students and is ranked among India’s top B-schools. The leadership of Mr. Shashi Kiran Shetty, Chairman of IIM Mumbai’s Board of Governors, and Prof. Manoj K Tiwari, Director, has been instrumental in advancing Logistics and Supply Chain Management and supporting the PM Gati Shakti National Master Plan. Known for its industry-aligned educational programs, IIM Mumbai contributes to national policies, reflecting the vision of Naya Bharat.

“We are confident that this project will continue to receive strong support from leading companies through their Corporate Social Responsibility (CSR) funds. It is poised to set new benchmarks in educational infrastructure, fully aligning with IIM Mumbai’s vision of becoming a global leader in innovation and sustainable development. This effort underscores the respected role of Indian leadership in driving progress within the country and on the world stage.” Added Mr Shetty.

About – Indian Institute of Management Mumbai (IIM):

Formerly known as NITIE, Indian Institute of Management Mumbai (IIM Mumbai), established by the Government of India in 1963 in the financial capital of the country, has been consistently ranking among the top B-schools in India. With around 1,200 students across various programs, IIM Mumbai is a leader in management education in the country and ranked 6^th in the National Institutional Ranking Framework (NIRF) for 2024 among Management institutes across India. IIM Mumbai is committed to creating skilled professionals in diverse functional areas like Operations Management, Analytics, Finance, Marketing, Project Management, HR, Information Technology, and Sustainability Management. For more information, please visit: https://iimmumbai.ac.in/

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The marathon, flagged off at 6:30 a.m. by the legendary Shri Dilip Vengsarkar, showcased a scenic route through the vibrant city of Mumbai, covering key landmarks like Church Gate Station, Oval Maidan, NCPA, Marine Drive, Bombay High Court, etc. lined with heritage buildings.

More than 5 lakhs of rupees in prizes were awarded to the runners in various categories, adding to the spirit of competition and camaraderie.

Mazdock Mumbai 10K Run was not merely a race; it was an opportunity for individuals of all ages to be a part of history and contribute to the celebration of 250 glorious years of Mazagon Dock Shipbuilders Ltd.

Mr Sanjeev Singhal, Chairman and Managing Director, during his address, applauded the strength, determination and long hours of training that brought all the runners together to make this event historical.

“We are thrilled to witness the overwhelming response to the Mazdock Mumbai 10K Run. It’s heartening to see people of all ages coming together to celebrate health, wellness, and our maritime history. May the spirit of this event continue to inspire us at MDL to strive for excellence for next 250 years and beyond.” said CMD, MDL.

During the prize distribution ceremony, legendary cricketer Shri Dilip Vengsarkar shared inspiring words, “I congratulate all the participants for completing the run and showcasing their physical fitness which in turn boost their mental strength and keep them alert. Mazdock Mumbai 10K Run is a testament to our commitment to a healthy and active lifestyle.”

The first edition of the Mazdock Mumbai 10K Run witnessed a stellar turnout, with participants receiving Goodie Bags containing a Premium Dri-fit T-Shirt, Water Sipper, Bandana, and a Waist Pouch. Finishers of both the 10K and 3K categories were awarded dazzling medals, making this event a memorable experience for everyone involved.

Many Mumbai residents gathered to cheer for the runners, adding to the electric atmosphere of the event.From colourful costumes to inspiring banners, each participant’s unique expression added an extra layer of positivity and camaraderie to the celebration of health

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PFC has diversified into infrastructure financing with sanctions of Rs 16,000 crore in 2022-23 and is scouting for more projects, Parminder Chopra, who has the additional charge of chairman and managing director, said in an Media interaction at Mumbai.

In mid-2022, we have been allowed to fund infrastructure projects with a cap of 30 percent. We have been looking for the sector but our primary focus is going to remain on the power sector and energy transition,” Chopra said;

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India currently has more than 140 airports, and that number is set to rise to 230 by the end of this decade. According to the AAI, more than 40 airports in India have transitioned to using 100% renewable energy, and the country’s top two busiest airports – Delhi and Mumbai – are among them. Delhi Airport was the first in the country to use a combination of hydro and solar power for 100% energy, while Mumbai uses hydro, solar, and wind power.

He said, as the first overseas office of HAL, it symbolizes the potential for closer defence industrial collaboration between India and Malaysia and also, the South East Asian Region.

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In his long career in Railways and other PSUs, Mr. Thakur has headed the HR departments of three important Railway divisions namely Solapur, Bhopal & Mumbai, which included all HR matters of the thirty-five thousand staff of the Mumbai Division. As Chairman, Railway Recruitment Cell, Western Railway, he successfully completed recruitment of approximately twelve thousand employees.

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• Air India Ltd. slid to fifth from second in the punctuality ranks, with almost twice as many flight delays in May
• As per the report, only 85% of Air Asia’s flights departed on time in May.
• Vistara Airlines is at fourth position with 89.5% of its flights departed on time.
• 90% of IndiGo’s flights departed on time in May.
• Akasa Air;93% of its flights departed on time, as per the Bloomberg report.

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