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'Work Hard, Party Harder' - Varun's Internship Experience At Nestle India Limited - NITIE

'Work Hard, Party Harder' - Varun's Internship Experience At Nestle India Limited - NITIE

The word Summer Internship brings out different emotions in people- the most common ones being curiosity and excitement. Most of us are excited to go to a company for two months and be able to test our classroom learning in the real world. Same was the case with me. The day I got selected for Nestle, I was very excited to be given the opportunity as we grew up with the company’s products. Be it Maggi or Kitkat, we have all bought a Nestle product at some point of time in our lives. My curiosity level kept peaking as I kept waiting for the day Nestle would send me the mail regarding my joining. Needless to say, once the confirmation mail came, I was ready to take on my internship and give it my best shot. The induction was fun and interesting, we got an overview of the all the processes being carried out at Nestle. The company had also planned various trips for us throughout the week. We got the opportunity to see the process of taking orders from the retail stores along with the salesmen. We saw the plant at Samalkha and visited the R&D Centre, which was the best experience of them all. Once the induction was over, we got our projects and that was the time when the work really started at full throttle. We were allotted our work stations and introduced to our mentors. My project was in Logistics, more specifically it was related to the Secondary Freight Optimization for Chennai Branch. I was introduced to the complete supply chain team at Nestle and my mentor explained the project to me. I was told that after some time I would also get the opportunity to travel to various warehouses across south India as my project was related to the Chennai branch. The first few days into the project were a bit confusing as I tried to get a grip on what was expected and tried to understand the need of the project. But slowly my understanding of project started becoming clearer. After a discussion with my guide I got much more clarity. I planned out my work with my guide and started working on the project. Whenever I was stuck somewhere I could ask anyone in the team for guidance and the discussions helped me move ahead with my work. In a few days I got the opportunity to travel to some warehouses around Chennai to see the ground reality. This was an informative experience for me as it helped me see the bigger picture. It helped me incorporate a lot of changes after discussions with the staff at the warehouse. I also got the opportunity to get hands-on experience in warehousing and got to observe various processes being carried out in the warehouse apart from the ones pertaining to my project. Throughout the project I was given complete freedom and flexibility. Whenever I needed any guidance I could approach anyone in the supply chain team. The discussions were insightful and helped me progress with my project. I got an opportunity to present my project to SCM Head of Nestle and other leading people in the senior management who gave me an encouraging feedback. My project’s recommendations are being implemented and I expect that they will fetch very good results. These 8 weeks at Nestle were an experience of a lifetime. They exceeded all my expectations. As it is said that work gets interesting if you enjoy doing it,  and I definitely enjoyed my time at Nestle. Some advice that I would give to the soon to be mangers is to be open minded and be ready to learn, talk with various people and try to soak in as much about the business as possible. The two months will be full of surprises and might be tough at times but they will help build your character and prepare you for the future. As my mentor told me the first day he met me. “Work Hard, Party Harder”

NITIE Mumbai (Since 1963)
'I Got The Exposure That I Never Thought An Intern Could Get' - Abir's Internship Experience At American Express - FMS

'I Got The Exposure That I Never Thought An Intern Could Get' - Abir's Internship Experience At American Express - FMS

The time finally came; a week after everyone else in my college already started their internship. The morning of April 11, 2016; I took that crowded metro to Gurgaon from Vishwavidyalaya station with so many things running riot in my mind. One Horizon Center it was; the ground floor was swarming with other nervous and excited looking creatures who had also come to spend their summer. Soon the HR came and directed us to the room where we were to spend the rest of the day for our induction. And by the way, the welcome gifts were fantastic; not to mention the delicious breakfast and lunch that was provided.

Abir Das
MCLR And It’s Effect On A Home Loan

MCLR And It’s Effect On A Home Loan

Until March 2016, the interest rate levied on loans were dependent on the base rate system. This benchmark was dropped to give way to the MCLR (Marginal Cost of Funds based Lending Rate) system.

Arwind Sharma
'Thrilling Tryst With Sports Management' - Saikiran's Internship At DoIT Sports Management - IIM Rohtak

'Thrilling Tryst With Sports Management' - Saikiran's Internship At DoIT Sports Management - IIM Rohtak

My internship at DoIT Sports Management taught me more than I could have imagined. As the Marketing & Operation Intern, my duties were diverse, and constantly shifting. DoIT owns and administers two famous teams, DABANG DELHI in the Star Sports Pro Kabaddi league and DABANG MUMBAI in hockey India league. Sometimes it’s tough to recall everything I have taken in over the past months just because of the sheer volume of inputs, but I feel that the following are some of the most beneficial lessons I have learned.

IIM Rohtak
From ‘Ganne Ka Rus’ With Salesmen To Developing Product Concepts With Marketers – Mohit's Internship Experience At Dabur - IIFT (Kolkata)

From ‘Ganne Ka Rus’ With Salesmen To Developing Product Concepts With Marketers – Mohit's Internship Experience At Dabur - IIFT (Kolkata)

The joy of bagging an internship at India’s 4th largest FMCG was at its brim and the 2 month voyage was about to begin. On the very first day, we met some of the brilliant minds from the HR department, were given a warm welcome to the ‘Dabur Family’ and soon were made to set our feet into something that, believe you me, is actually ‘Fast Moving’.

MediaCommittee IIFT
Brexit: An Unlikely Exit

Brexit: An Unlikely Exit

Exits or potential exits seem to be the flavour of the season. First a hue and cry was raised (and rightly so), over the state of Greece’s economic affairs and its impending exit from the EU followed by a Scottish referendum on whether to leave the UK. The latest in this saga was Britain’s decision to weigh the pros and cons of its association with the EU, with the “nay” vote being termed as “Brexit”. After keeping the world on tenterhooks, the UK has now voted to leave the EU in what was termed as the most consequential decision British voters made in a generation. The “Leave” camp emerged victorious with a 51.9%-48.1% margin. This article attempts to crystallize some of the issues on which the fight was fought. The EU (including the UK), is a bloc of 28 nations in Europe which has sought to create a single market for free movement of people goods and workers. The UK joined this bloc in 1973. It held a referendum in 1975 for its continued association of the “Common Market” and was endorsed by 67 % of affirmative votes. The UK, however, is not a part of the Eurozone, a congeries of 19 nations that use the Euro as the sole tender. Eurosceptics ran a successful campaign to keep the UK out of the Eurozone when the Euro was launched in 1999. So, the UK continues to use the pound. It is these Eurosceptics who spearheaded the campaign for the UK to leave the EU. The “Leave” camp, championed by the likes of former London mayor Boris Johnson, felt that continued membership of the EU was costly, saddled the country with burdensome regulations and curbed the UK’s ability to regulate immigration. On an average, the UK now accepts 500 EU-immigrants daily. Immigration of skilled workers from low wage countries in the EU to their richer counterparts like the UK has been blamed for driving down wages and causing unemployment or underemployment in the domicile population. Sceptics viewed the prudery of the EU with disdain. The EU’s original aim was, in the words of Lord Lawson, former Chancellor of the Exchequer, “to cage the German tiger in a European cage”. They feel that what was supposed to be essentially a trading bloc now wields too much power spanning law, immigration, security and justice. It has assumed a supranational stature, undermining the British government’s policies in London. The Brexit debate had been characterized by political invective from both sides with the “Remain” camp accusing the “Leave” camp of fear mongering and spreading lies. Nigel Farage, the blatantly anti –EU UKIP leader, highlighted the dangers of uncontrolled immigration. He also raised a red flag over the EU’s fast-tracking of Turkey’s membership calling the move “damned dangerous”. The “Remain” camp argued that leaving the union would have unforeseen consequences with regard to national and economic security as no member state has ever left the union before. The “Remain” camp with the likes of British PM, David Cameron, contended that a Brexit will give rise to an era of uncertainty that may see the pound whiplashed by winds of unpredictability. UK’s exit will mean the country will return to WTO rules which imply 10% tariff on exports which will hurt the bottom lines of British companies. Interestingly, the EU accounts for about 45% of the UK’s exports. The UK is seen as a gateway to Europe. With the 2 identities set to become distinct, champions of the “Remain” campaign see a decline in tourism and other allied benefits. Indian interests are inextricably linked with the fortunes of the British economy. There are more than 800 registered Indian companies employing over 110000 employees in the UK. Indian investments are the 3rd largest in the UK. Turnover of the largest Indian companies has risen by 18 % in 2016 to 26 billion pounds. However, industry captains warn that inward investments from India may be affected if the attractiveness of border-free access to the EU diminishes. Another sensitive issue is that of Indian students who are classified as immigrants. A Brexit government’s efforts to curb immigration may see the axe fall on Indian students as well with measures like the 2012 withdrawal of post work visas becoming more stringent. “Leave” campaigners have been trenchant in their criticism of the occlusive nature of the EU with regard to British policies. The “Remain” camp was equally vociferous about the advantages of staying put. Either way, public opinion was split, making an outcome hard to predict. The “Leave” camp’s razor thin margin of victory has sent world markets into a tailspin. It has claimed its first victim – incumbent PM Cameron’s mea culpa means he will step down in October. The divorce will not be immediate. Negotiations ranging from trade policies to the status of Europeans living in the UK will need to be trashed out. This process is likely to take years. While Northern Ireland and Scotland voted to remain in the EU, Wales and England opted out. It just goes to show that he United Kingdom is far from”United”. ------- About the Author: Saikat Gupta, is a student of NITIE, Mumbai, PGDIM batch 22, and a media relations cell coordinator.

NITIE Mumbai (Since 1963)