Mahindra University Outlines a New Paradigm for Higher Education

Higher Education 

* To develop multi-skilled Leaders capable of Reflection, Innovation, and a commitment to Inclusive and Sustainable progress.

* Focus on both IQ and EQ, combined with the power of Emerging Technologies to educate Future Citizens for and of a Better World.

The Mahindra Group today launched Mahindra University (MU), which is focussed on offering a world-class, futuristic education in India. Its mission is to develop multi-skilled leaders, capable of reflection as well as innovation, and ones who are ethical and empathetic. To drive a meaningful shift in the way that higher education is imparted in the country, MU will drive interdisciplinary academic excellence, integrating the study of science and technology with the Humanities, Ethics & Philosophy, and Design.

It will operate as an autonomous University, with its contemporary, new-age curricula being curated to fully leverage emerging technologies like Data Science, Blockchain and Data Analytics. MU will uniquely enable the holistic development of its students, combining the Emotional Intelligence (Right Brain) and Artificial Intelligence (Left Brain) paradigms.

Mahindra University is part of the Mahindra Educational Institutions (MEI), a not-for-profit subsidiary of Tech Mahindra. It reflects the standards and reputation of the entire Mahindra Group, mirroring its core purpose of Driving Positive Change in the lives of both peoples and communities, enabling them to Rise.

The university will also be a platform to balance education with real world experience through entrepreneurial projects to solve complex challenges facing society. This, combined with the provision of extra-curricular activities like sports and music, will help revolutionize higher education for millennials and help build a hyper-skilled, future-ready talent pool.

Anand Mahindra, Chairman, Mahindra Group and Chancellor, Mahindra University, said, “High quality education has transformative powers for individuals and nations, alike. Mahindra University will strive to deliver a more balanced education, combining the latest technology with Liberal Arts, to create next generation leaders that have a holistic world view.”

The sprawling 130-acre, multi-disciplinary campus in Hyderabad will offer undergraduate, post graduate and PhD courses. MU includes the Ecole Centrale School of Engineering that was set up in 2014.

Vineet Nayyar, Board of Management, Mahindra University, said, “With the education landscape continuously evolving, there is a need for a dynamic and empowering approach to education that goes beyond business and is at par with the technological demands of the industry globally. In line with this, the Mahindra University will be a key enabler in providing a holistic educational and learning experience that involves analytical and design-led thinking, quantitative and creative problem-solving skills and a passion for innovation and entrepreneurship.”

CP Gurnani, MD & CEO, Tech Mahindra and Board of Management, Mahindra University, said, “The Mahindra University is a testimony of our commitment towards bridging the skill gap and creating global leaders that are willing to change, adapt and transform according to dynamic market needs and business environment. The university will also provide access to multi-disciplinary learning focused on leveraging the power of Artificial Intelligence and Emotional Intelligence. This will help the students to develop new-age competencies and inculcate entrepreneurial thinking to enable them solve complex challenges faced by the society.”

As a part of the immediate roadmap, the University will launch the School of Management (2021-22), School of Law (2021-22), Indira Mahindra School of Education (2021-22), School of Media & Liberal Arts (2022-23) and School of Design (2023-24).

An estimated 4,000 Students and over 300+ Faculty members will be in place across the various Schools at Mahindra University over the next five years.

The Minerva Fund - Mahindra University Scholarship Program is available to ensure that deserving students have access to a quality education. Efforts are also being made to drive inclusion in awarding scholarships across geographies, gender, and academic excellence, among others, to create a stronger society and a wider talent pool for industry and academia, alike.

Prof Yajulu Medury, Vice-Chancellor, Mahindra University, said, “Mahindra University aims to revolutionise the educating environment for the future workforce of our country through necessary industry-academia collaborations to prepare the students for present challenges and future industry needs. The university will bring together expertise of international faculty and will provide access to innovation and research hubs with top academic partners. We plan to be a holistic learning platform for the students, providing access to studies related to Engineering, Law, Management, Education, Media & Liberal Arts, Design and others.”

MU will also to bring the Corporate and Industrial ecosystems together through its Centres of Excellence. Students will have access to the Mahindra Group’s expertise through a Centre of Excellence, visiting faculty and other strategic engagements. Students will be provided opportunities to interact with CEOs, CXOs of organizations across the country.

MU already has a Supercomputer Lab with an advanced NVidia GPU-based supercomputer, the DGX-1. It also has a Centre for Artificial Intelligence (CAI), a Centre for Innovation & Entrepreneurship (CIE) and a Centre for Sustainable Infrastructure and Systems (CSIS).

Additional CoEs being considered include, the Centre for Computational and Experimental Mechanics (CCEM), the Centre for Research in Optics and Photonics (CROP) and a Centre for Executive Education (CEE).

About Mahindra University:

Mahindra University marks a significant milestone in the Mahindra Group’s journey in the higher education sector since its entry in 2014, with the Mahindra Ecole Centrale (MEC) College of Engineering. Aimed at educating and developing ‘Global Thinkers and Engaged Leaders,’ the Mahindra University is headquartered in Hyderabad, India. It is supported by the Mahindra Educational Institutions (MEI), a subsidiary of Tech Mahindra, the flagship IT company of the US$ 19.4 billion Mahindra Group. The. Mahindra University was notified by the Government of Telangana vide Ordinance No.1 dated 20th May 2020. Mahindra University has already received 100+ admissions till date.

Is India among top 2 emerging markets for Yahoo!

Internet search giant Yahoo! on Sunday said India is one of the 'top emerging markets' and it would release a slew of products over next few months for further consolidating its position in the country.

"India is one of the top two countries in the emerging markets segment and holds a lot of promise for us ... Products developed in the Indian lab and centres abroad are part of the pipeline of innovative products that will help us in the Indian market," Yahoo! Head of Audience (Emerging Markets) Gopal Krishna told media.

He, however, declined to comment on the details of the products. "Innovations around mail, instant messenger and front page (landing page) would be prime focus areas. We would also look at news properties like News, Bollywood and Buzz," he said.

Emerging markets contributes up to 65 per cent to the total users for some of the key global Yahoo! properties and is the fastest growing region from business perspective as well, he added.

One of the leading properties/products is Yahoo! Cricket, which attracted 2.4 million unique users per month emerging as the top cricket site in India, according to Comscore April 2009 data.

In February this year, Yahoo! India had entered into a three-year partnership with the International Cricket Council (ICC), becoming the exclusive online partner for all ICC events, including ICC World Twenty20, ICC Champions Trophy and ICC Cricket World Cup.

It has also partnered with companies like LG, Pepsi, Maruti, Tata Xenon, Honda, ICICI, Citibank and Cisco for advertising on the microsite. Yahoo! India also has a two-year partnership with Reliance, Krishna said.

Yahoo! India is also focusing on building its mobile business in the country. It is working on developing products, apart from the ones available on web to build its presence on mobile websites.

"We are looking at presenting users with a experience that is different from using Internet on PCs. Apart from the usual things, we are looking at developing applications specific to mobile handsets as well," Krishna said, adding that the mobile segment also presents a good opportunity in terms of advertising.

Worldwide spending on mobile advertising is expected to reach USD 19 billion in 2012, while the APAC market is forecast to touch USD 6.9 billion, according to eMarketer (March 2008).

Agencies

IBM to layoff 5,000 jobs in US; While expand in India, China

IBM will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of the matter told media.

The job cuts will account for over 4 per cent of IBM's US workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorised to speak publicly on the issue, said the cuts will mostly be in IBM's global services business, which includes outsourcing and consulting services.

An International Business Machines Corp spokesman declined to comment. The company, which had a total workforce of 398,455 as of end 2008, has not disclosed how many jobs it has cut so far this year, but has said it was making "structural changes" to reduce spending and improve productivity.

IBM, which now earns around two-thirds of its revenue from outside the United States, has been expanding its workforce in emerging markets like India and China.

At the end of 2008, employment in the BRIC countries -- Brazil, Russia, India and China -- totaled around 113,000.

IBM has been hit by slower US technology spending, although it has fared better than many rivals thanks to its global footprint and a decreased emphasis on hardware sales.

A month ago, IBM affirmed its full-year forecast of $9.20 earnings per share, and said contract signings for its business services had grown so far this year.

IBM is in exclusive talks to buy Sun Microsystems Inc, according to sources familiar with the matter, a move that would create a clear leader in the high-end computer server market.

Agencies

Philips poised for major growth in India

Royal Philips Electronics, a global leader in Healthcare, Consumer Lifestyle and Lighting has outlined its focus on India as an emerging market. Keeping its commitment to delivering affordable healthcare solutions in emerging markets, Philips announced the acquisition of Meditronics, a leading manufacturer of General X-Ray systems targeting the economy segment in India.

Emerging Markets
Philips has stepped up its focus on emerging markets by creating an emerging markets structure which has become operational since spring this year. Focusing on emerging markets allows the company to accelerate growth in developing countries such as India, China, Latin America and Russia.

“Executing on our strategic decision to scale up our presence in emerging markets has been an important element of Philips’ transformation into a focused, less-cyclical company in recent years,” said Gerard Kleisterlee, President and Chief Executive Officer, Royal Philips Electronics. “We are committed to continue this course of action by increasingly redirecting resources to help fuel growth in emerging markets, and build out our industrial footprint in this cost-effective and high-quality manufacturing environment - for Healthcare, but also for our Consumer Lifestyle and Lighting sectors.”

Thirty percent of Philips’ sales in FY 2007 were from emerging markets, also representing a 10% sales growth over FY 2006. This geographical spread contributes to the resilience of Philips’ portfolio.

Philips has said that it is redirecting Euro 250 million of innovation spend from mature to emerging market to drive growth and (original) product & market development, and that it is also redirecting Euro 250 million to emerging markets to align marketing spend with innovation to ‘embed’ its product & solution simplicity message with customers; increase the dialogue with stakeholders to allow them to experience the brand.

Healthcare
Philips is committed to delivering affordable healthcare solutions in emerging markets. And the acquisition of Meditronics is its second in recent months of a healthcare equipment maker in India specialized in manufacturing products for the economy segment - one of the fastest growing market segments in the global healthcare equipment market.

Said Murali Sivaraman, CEO, Philips Electronics India Limited, “Meditronics’ high-quality and clinically proven economy segment product portfolio complements Philips’ existing high-end General X-Ray range and further strengthens Philips’ leading position in India’s high-growth imaging and monitoring equipment market. This also allows us to gain access to local manufacturing platforms at emerging markets cost levels.”

Analysts estimate that the General X-Ray segment of the Indian market will show annual growth rates of 10% or higher. This acquisition gives Philips access to strong sales and distribution channel for the economy segment. Meditronics has dealer network of 25 dealers with large geographical coverage, focused on mid/low end X-Ray business.Lighting
Philips in India is now a key production, research and development (R&D) hub for the company’s global lighting operations.

Philips has recently set up a global research and development centre for lighting electronics at Noida, India. It is its third such unit in the world. The facility will develop advanced lighting solutions, will be scaled up and linked to the global development centre in Shanghai. The centre will cater not only to the specific needs of the Indian market but also the Asia-Pacific region, Europe and North America. The centre currently employs 35 engineers and the headcount will increase with the unit taking up more work.

Philips aims to lead the Indian industry in Green initiatives and create awareness about Energy Efficient Lighting solutions. Solid State Lighting is the next wave of energy efficient solutions and Philips became the first company to introduce LEDs for the home segment last year. The company now plans to introduce the Consumer Luminaire range in India in the next few months.

Consumer Lifestyle
In India, Philips drives innovation by actively combining its global expertise with local consumer insights to deliver offerings designed for Indian audiences. After the successful launches of the Intelligent Food Processor (hands-free mixer grinder) and the Intelligent Water Purifier last year, Philips introduced Rip-all AZ1856 Sound machine in India early this year. Philips now plans to introduce in India some of its innovative global offerings from the Consumer Lifestyle stable such as Aurea TV, Ambisound and high end beauty and personal care range.