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CEO, COO, MD, VP, Deputy Magistrate, and Senior Superintendent of Police to Research in IIM Sambalpur’s

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IIM Sambalpur inaugurated its 6th batch of PhD and 5th batch of Executive PhD programme 2024 in hybrid mode at its campus. The ceremony included insightful discussions on research methodologies and journeys, featuring the participation of international and national academicians, authorities, and industry leaders. The objective of these discussions was to share the research experience and to guide the newly enrolled PhD students at IIM Sambalpur. The Executive PhD students are currently working in sectors such as the Defense Force, government organizations, the IT industry, and entrepreneurship. Some are employed in prestigious companies and organizations such as Google, Accenture, Flipkart, State Bank of India, Bank of Baroda, and Pidilite Industries, among others. It is to be highlighted that out of the total 25 candidates in both PhD and Executive PhD programmes, they hold various important positions such as CEO, COO, MD, VP, Deputy Magistrate, Senior Superintendent of Police, Business Head and IIT Faculty, among others.

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, emphasized the importance of research in driving innovation and solving real-world problems in his welcome address. Prof. Jaiswal described the research methodology and said, “Scientific discovery involves two primary methods: the positivist and interpretivist approaches. The positivist method begins with a hypothesis grounded in established theory. Researchers collect data to test this hypothesis, aiming to contribute new insights to existing literature through a structured process of formulating research questions, developing hypotheses, collecting data, and presenting findings. The interpretivist approach starts with unusual facts that challenge traditional theories. It investigates discrepancies between theory and practice, such as why Ola cabs caused the decline of traditional radio cabs or how small companies outperform large ones. This approach creates new research opportunities by exploring these anomalies.”

Prof. Raj Agnihotri, Assistant Dean of Industry Engagement, Ivy College of Business, Iowa State University, USA, said, “Think big, think like an innovator. It’s time to move beyond merely validating existing theories and start finding solutions that create real impact on businesses, society, and communities. Build theories that aren’t confined to specific contexts but can be generalized and applied globally. Remember, innovation isn’t limited by geographical boundaries or academic fields; it transcends borders and integrates diverse perspectives. By fostering this mindset, you can contribute to ground-breaking advancements that resonate worldwide and redefine the landscape of research and practice.”

Prof. Vishal Gupta, Professor, University of Alabama, USA said “Embark on your PhD journey with the mindset of a world champion —strive for excellence, not just completion. Just as Olympic athletes push beyond the norm, embrace the challenge of high-quality research and global competition. Your journey demands dedication, rigorous training, and the pursuit of groundbreaking work, beyond mere expectations. Remember, true success in academics comes from the relentless pursuit of innovation and the courage to set higher standards for yourself” 

During the keynote address, Dr. K.K Tripathy, Economic Advisor (Health), Ministry of Health and Family Welfare, New Delhi, underscored the importance of passion in one’s academic journey and said, “Your passion is the cornerstone of your academic journey. Embrace it and it will drive you to create new knowledge and tackle complex problems. As you delve into research, focus on adding value to existing knowledge and specialize in your field to become an authority. Networking with peers and mentors will expand your horizons, while your analytical skills and critical thinking will help you navigate uncertainties. Remember, effective research involves understanding and interpreting data accurately, contributing to meaningful societal improvements, and enduring challenges with perseverance and resilience.”

Dr. R.K Singh, Vice President (HR), TRL Krosaki Refractories Ltd., Belpahar, Odisha, said, “Research is not merely an academic pursuit but a journey of self-discovery and innovation. As we advance in automation and AI, we must embrace research as a tool to challenge existing paradigms and explore new frontiers. By integrating interdisciplinary approaches and critical thinking, we uncover insights that drive organizational excellence and personal growth. The power of research lies in its ability to question, validate, and transform conventional wisdom, ultimately enhancing our understanding and application of knowledge in diverse fields.”

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Hon’ble Prime Minister Shri Narendra Modi Inaugurates Lyfius Pharma’s Flagship Penicillin-G Facility at Kakinada, Andhra Pradesh

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Lyfius Pharma proudly announces the inauguration of its state-of-the-art Pen-G manufacturing facility, at Kakinada, Andhra Pradesh. With an annual production capacity of 15,000 metrictonnes (MT), the facility was virtually inaugurated by Hon’ble Prime Minister Shri. Narendra Modi in thepresence of Shri. Jagat Prakash Nadda (Union Minister of Chemicals & Fertilizers, Health & Family Welfare),Dr. Mansukh Mandaviya (Union Minister of Labour & Employment, Youth Affairs & Sports), Smt. AnupriyaPatel (Union MoS Chemicals & Fertilizers, Health & Family Welfare), Shri. Prataprao Jadhav (Union MoS (IC)Ayush, MoS Health & Family Welfare) and Sushri Shobha Karandlaje (Union MoS Labour & Employment,Micro, Small & Medium Enterprises).

This facility represents a strategic investment of 2,500 crores, under the Government of India’s PLI Scheme,and exemplifies how private sector participation can significantly contribute to national growth, driveinnovation, and enhance healthcare security. The PLI scheme for the pharmaceutical sector aims tostrengthen domestic manufacturing capabilities in critical KSMs, DIs, and APIs.Commenting on the occasion, Mr. M.V. Rama Krishna, Director Lyfius Pharma, said “The launch of our Pen-G facility is a significant milestone in our efforts to enhance local production and reduce import dependency for critical pharmaceutical
ingredients. This investment underscores our commitment to support the government’s vision of ‘Atmanirbhar Bharat’, establishing India as a global pharmaceutical manufacturing
hub.”

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Schneider Electric transforms power distribution with MasterPacT MTZ Active

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Schneider Electric, the leader in the digital transformation of energy management and automation, launched the MasterPacT MTZ Active, a revolutionary new circuit breaker designed to set new benchmarks for safety, efficiency, and sustainability while ensuring business continuity. In a world increasingly driven by electricity and digitization, MasterPacT MTZ Active enables customers to respond to complex daily challenges, including 24/7 uptime demands, spiraling energy costs, and urgent calls for sustainable practices.“MasterPacT MTZ Active will empower operators to visualize and monitor their energy consumption in real time,” explains Nikhil Pathak, Vice President, Power Products and Digital Energy, Schneider Electric, Greater India. “This real-time insight will equip businesses to optimize energy management, reduce consumption, minimize waste, and ensure business continuity and enhance reliability.

“A more electric and digital world is key to addressing the energy and climate crises. In industries such as Healthcare, Food & Beverage, Life Sciences, Data Center, Building, etc, power is becoming more distributed and increasingly complex to manage. We have an existing legacy of 35+ years in designing and making air circuit breakers for safety and security. MasterPacT MTZ Active is our latest offering to accelerate energy efficiency coupled with high reliability, optimizing asset life without compromising on functionality or safety.”This superior product comes equipped with features such as and Native ERMs (Energy Reduction Maintenance Settings), which sets a new benchmark enhancing the protection of maintenance operators against arc flash hazards.

In response to circuit breaker trips caused by overloads, short circuits, and equipment ground faults, the control unit of MasterPacT MTZ Active introduces a pioneering QR code solution. This innovative feature allows operators to swiftly access guidance tailored to the specific root cause of the trip by scanning the QR code. In the event of an overload, the solution provides clear instructions to evenly redistribute loads across circuits, eliminating the need for time-consuming manual searches.

For 35 years, the MasterPacT name has been synonymous with circuit breaker innovation and reliability, with several million units in service worldwide. Now, with smart, connected power distribution becoming a must-have, Schneider Electric is expanding the range again to advance circuit breaker performance. MasterPacT MTZ Active features an electrical control unit that serves as the brains of the breaker, allowing facility managers to monitor and measure power use in real time.

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Adani Foundation at ACC Tikaria empowers rural entrepreneurs of Gudur through SHGs

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ACC, the cement and building material company of the diversified Adani Portfolio, along with the Adani Foundation, is enabling rural entrepreneurship across Gudur Gram Panchayat near ACC Tikaria. Along with the Adani Foundation, the Company has set up 12 Self-Help Groups (SHGs) to transform the socio-economic landscape of the village.Gudur Gram Panchayat, with a population of about 2,000, used to face significant socio-economic challenges, with most villagers engaged in agriculture and labour, often struggling below the poverty line. Essential services like hospitals, banks, and markets are located over 13 km away, making access difficult for many.ACC, through the Adani Foundation’s intervention, formed and nurtured 12 Self-Help Groups (SHGs) in the village.

By providing microfinance and business training, the initiative has uplifted many families, enabling them to improve their livelihoods.Sundra, a 54-year-old woman, has transformed her life through community-driven microfinance, receiving Rs. 1.50 lakh from her SHG to invest in farming equipment. This venture, under the National Rural Livelihood Mission (NRLM), now provides her with a stable monthly income of Rs. 15,000, significantly enhancing her family’s living conditions.ACC and the Adani Foundation’s impact through this initiative is seen in the empowerment story of villagers including Sundra, who have turned challenges into opportunities, fostering economic growth, and uplifting their rural communities.

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