Sugar production increased by 12.43 percent; IIM Mumbai’s status increased, domestic package reached Rs 71.4 lakh annually

Sugar production increased by 12.43 percent to 2.47 crore till February in the current marketing formula which started in October. The increase has been recorded due to higher production from Maharashtra and Karnataka. It stood at 22 million tonnes in the seasonal period of the marketing year 2024-25. Indian Sugar and Bio-fuel Marketing Association (ISMA) said, production in the country’s largest sugar producing state Maharashtra increased from 75 lakh tonnes to 95.3 lakh tonnes till February in the current marketing year. Production in the second largest producing state Uttar Pradesh increased marginally from 73 lakh tonnes to 74.8 lakh tonnes. Karnataka’s production A total of 305 mills are currently operational, up from 38.2 lakh tonnes in the same period last year, ISMA said, adding that the industry is awaiting an early increase in the minimum selling price. crore, which is higher than Rs 2,744 crore in the same period last year.

IIM Mumbai’s status increased, domestic package reached Rs 71.4 lakh annually

The Indian Institute of Management (IIM) Mumbai has announced the placement results for its 2024-2026 batch. In this, the maximum domestic salary package reached Rs 71.4 lakh annually. At the same time, there was a 33 percent increase in recruitment in the BFSI sector as compared to last year, which is the highest regional increase this session. According to the institute, the top 10 per cent of the batch received an average annual package of Rs 47.5 lakh, while the average for the top 20 per cent was Rs 41.4 lakh and for the top 50 per cent it was Rs 34.5 lakh. The graduates have found placements in diverse sectors such as banking, financial services and insurance (BFSI), consulting, FMCG, general management, information technology, manufacturing, operations, logistics, pharmaceutical and healthcare and product management. The consulting sector emerged as the largest recruitment sector, with 123 offers made. While the BFSI sector has seen a 33 per cent increase in recruitment compared to last year, the jobs in the consumer goods (FMCG) sector have increased by 24 per cent. Additionally, there has been growth in the logistics sector, which reinforces the institute’s expertise in supply chain and operational strategy. Prof. Manoj Kumar Tiwari, Director, IIM Mumbai, said that we are witnessing a decisive change in the industry’s approach towards management talent.