Professor Abhinav Anand, Professor, F&A  Area, he is moving on from the services of IIM Bangalore on 1^st September 2024 after a service of seven years at the Institute.

Prof. Anand joined IIMB on 1 September 2017 as an Assistant Professor in the F&A Area.  He obtained his PhD and MS  from the State University of New York and B. Tech from  NIT Surathkal ,Karnataka.  His research interests are in Quantitative Finance, Financial Econometrics,  Non-cooperative Games etc.  At IIMB, he taught  Corporate Finance , Financial Mathematics and Computation and Review of Banking Literature.

Prof. B Mahadevan from the Production & Operations Management area of IIM Bangalore has taken voluntary retirement from the services of the institute, with effect from 1 September 2024, after serving IIMB for over 31 years.  

Dr. Mahadevan has been with IIMB since 1992. He has more than 30 years of wide-ranging experience in teaching, research, consulting and academic administration at IIM Bangalore and other reputed institutions such as IIT Delhi and XLRI, Jamshedpur. He was a visiting scholar at the Amos Tuck School of Business Administration, Dartmouth College, New Hampshire, during 1999-2000. He was also a retainer consultant to Deloitte Consulting LLP, USA, during 2001-2002. He was earlier Chief Editor of the IIMB Management Review and Dean (Administration) at IIM Bangalore. 

Prof. Mahadevan’s research interests include the possibility of using ancient Indian wisdom to address contemporary concerns, spirituality at workplace, and management paradigms from Bhagavad Gita. In the traditional areas of management, the research interests include design of service systems in customer co-creation of value and order allocation issues in electronic markets. 

He was the Founder Vice-chancellor of Chinmaya Vishwa Vidyapeeth, a university for applied Sanskrit and Indian Wisdom. 

Prof. B Mahadevan was conferred with the Vishista Samskrita Sevavrati Samman 2016, a national award given by the Rashtriya Samskrit Samsthan, the apex body for Sanskrit Matters in India under MHRD, in August 2016. 

IIM Bangalore thanks him for all his contributions towards the institute and wishes him luck for his future endeavors. 

IIM Bangalore and Jagdish Sheth School of Management (JAGSoM) hosted a roundtable discussion on ‘Service Excellence and Index of Service Excellence in India (iSEI)- 2023’ on 2 August 2024.

Prof. A. Parasuraman, Emeritus Professor of Marketing at Miami Herbert Business School, University of Miami, led the session.

Charu Rastogi, PhD candidate from the Entrepreneurship area at IIM Bangalore presented her research at the Academy of Management Annual Meeting in Chicago, Illinois, USA from 9 to 13 August 2024. Her paper, co-authored with Dr. Srivardhini K Jha, Entrepreneurship area, was titled ‘How start-ups navigate environmental jolts: A dynamic capabilities perspective’.

Sonal Nayak, doctoral student from the Strategy area at IIM Bangalore presented her research at the Academy of Management Annual Meeting in Chicago, Illinois, USA from 9 to 13 August 2024. The topic of her research was ‘Sustainability liability? Individual environmental concerns and startup legitimacy’.

IIMB alumnus Dinendra Kashyap IPS, PGPPM ’15 has been awarded the President’s Police Medal for Distinguished Service for his exemplary leadership and dedication to law enforcement.  In addition to the esteemed honor awarded this year, he received the Chief of Army Staff’s commendation card on August 15, further solidifying his remarkable contributions to public service.

The XIX International Conference on Public Policy & Management, hosted by the Centre for Public Policy (CPP) at IIM Bangalore from 27 to 29 August 2024, concluded earlier today with two insightful sessions.

Valedictory address

S. Mahendra Dev, Editor, Economic and Political Weekly, delivered the valedictory address on, ‘Future of India: Challenges and Policies for Growth, Inclusion and Sustainability’ on the third and concluding day of the conference. The session was moderated by Dr. Gopal Naik, Senior Fellow, Chairperson and Jal Jeevan Mission Chair Professor at the Centre for Public Policy, IIM Bangalore.

The Office of Research and Publications (R&P) at IIM Bangalore will host a research seminar on, ‘Justice for all? Evaluating the impact of legal aid clinics in India’, to be led by Nitin Kumar Bharti, NYU Abu Dhabi, at 4 pm on 2 September 2024, at Classroom Q101.

OSUM, headquartered in Canada, is a privately held company in the oil and gas sector and enjoys being a significant producer in Western Canada. It is headquartered in Calgary, Alberta. In 2023, Canada was the single largest supplier of imported oil to the United States, responsible for over 35% of US imports, much more than Saudi Arabia, Venezuela, and all the OPEC countries combined. OSUM uses steam-assisted gravity drainage (SAGD) technology to extract heavy crude oil using an advanced form of steam stimulation. Water plays an important role in this extraction process. In an oil extraction plant, there are several interconnected systems that communicate with each other with established controls and interlocks. The plant operator’s role is to ensure the plant runs smoothly without malfunctions, breakdowns, and other disruptions. To facilitate this, alarms and sensors are attached to different systems to signal any potential disruption and mandate a call for timely intervention. However, there are times when multiple alarms are set off, creating a conundrum for the operator, who is challenged with prioritizing which alarm to tackle first. Nuisance alarms, such as chattering, can be a source of distraction for the operator. Such distractions can negatively impact plant operations and result in plant downtime, costing the company significant dollar loss. Being concerned about the increasing cases of spikes in alarms, the company tied up with Drishya AI Labs to help solve this problem by leveraging machine learning algorithms so that such distractions could be reduced.