SC to hear Amazon plea against HC direction to CCI on show cause notice

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SC to hear Amazon plea against HC direction to CCI on show cause notice
SC to hear Amazon plea against HC direction to CCI on show cause notice

New Delhi, Nov 25 | The Supreme Court on Thursday agreed to hear a plea by Amazon against Delhi High Court’s order directing Competition Commission of India to take a decision with respect to show cause notice issued by it to Amazon.

Counsel for Amazon mentioned the matter for urgent listing before a bench headed by Chief Justice N.V. Ramana.

The bench, also comprising Justices A.S. Bopanna and Hima Kohli, told the counsel that ‘it cannot give a date for hearing either today (November 25) or tomorrow (November 26)’. However, the counsel insisted that there is an urgency in the matter. He submitted that they told the CCI on Wednesday about the matter, but the CCI said they were constrained by the Delhi High Court order, which gave two weeks till November 29.

The counsel requested the bench that the matter was showing on Monday in the top court for hearing, and it should not be deleted.

The bench told the counsel, “You can’t get relief from here. You go to the high court and seek review of the order. Why don’t you go before the high court…” The counsel submitted, ‘let it come on Monday’. After a brief hearing, the bench agreed to take up the matter on Monday.

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In June, the CCI had accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019. Both companies — Amazon and Future Retail — have locked horns in a legal battle.

On November 16, the Delhi High Court directed CCI to rule on revoking its approval to the Amazon-Future Coupons deal within two weeks, the Confederation of All India Traders (CAIT) said in a statement.

CAIT had filed a plea against CCI saying that the competition regulator had issued a show cause notice to Amazon in June, but no decision has been taken so far.

According to CAIT, the CCI counsel informed the high court that it is contemplating to call Amazon on January 4, for a hearing after which the matter will be decided.

CAIT through its representation to CCI had demanded annulment of its approval that was granted to Amazon on the basis of their misrepresentation about actual transaction.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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