News & Highlights

  • MARCH 2024

Interactive Event with Professor Willis M Emmons

Global educators converged for an interactive session on ‘AI in Teaching & Learning’ with HBS Professor Willis M Emmons. Hosted by the HBS India Research Center and Harvard Business Publishing (HBP) Education on March 12, 2024, in Mumbai, the session saw an exchange of ideas amongst 96 participants on the transformative effects of generative AI on teaching and learning methodologies.
  • JANUARY 2024

Interactive Event with Professor Gunnar Trumbull

Alumni relived their HBS days during a case discussion on ‘ReNew Power - Leading the Energy Transition in India’ with Professor Gunnar Trumbull. The event was organized by the HBS Club of India in partnership with the HBS India Research Center on January 15, 2024, in Mumbai. It was a lively discussion on the company’s strategic choices in diversifying its renewable energy offerings. The event, attended by 65 participants, concluded with a networking gathering.
  • JANUARY 2024

Interactive Event with Professor K “Vish” Viswanath

An event focusing on ‘Illness to Wellness to Well-Being: Views from the C-Suites,’ was held in January 2024 in Mumbai and Delhi. The sessions, presided over by Harvard Professor Kasisomayajula “Vish” Viswanath, explored the role of business leaders in promoting individual well-being. The talk was followed by a fireside chat with Dr. Geeta Kumar, a well-being consultant, in Delhi, and Preeti Gupta, Director of the Aditya Birla Foundation for Enriching Lives, in Mumbai. The event was jointly organized by the Harvard T.H. Chan School of Public Health, the HBS India Research Center, the HBS Club of India, the Lakshmi Mittal and Family South Asia Institute at Harvard, the Delhi Management Association, and the National Human Resource Development Network. In Delhi, it was hosted by Bharti Enterprises at its office.
  • DECEMBER 2023

South Asia Advisory Board Meeting

The India Research Center held the South Asia Advisory Board (SAAB) in-region meeting in Bengaluru, India in December 2023. The board members were delighted to meet in person after two virtual meetings due to lockdowns and travel restrictions. It was an eventful two-day meeting, where the IRC welcomed new board members, and Executive Director, Anjali Raina presented recent updates on the Center's work. The board members also had an opportunity to meet alumni and visit the Museum of Art and Photography. Thank you to SAAB members Rajiv Mody (AMP 161) and KP Balraj (MBA 1997) for hosting dinner on the days of the meeting!
  • OCTOBER 2023

Alumni Case Discussion with Professor Martin Sinozich

In October, HBS Senior Lecturer Martin Sinozich visited India and conducted two case discussions with alumni in Delhi and Mumbai. They discussed the case study on Wordle, the popular word guessing game that quickly amassed two million players a few weeks after it was created. Over 40 HBS alumni across MBA and OPM attended the events and debated the merits and consequences of Wordle being acquired by the New York Times, and the lessons for entrepreneurs and managers from Wordle’s unique success.

New Research on the Region

  • April 2024
  • Case

Market Dynamics and Moral Dilemmas: Novo Nordisk’s Weight Loss Drugs

By: Joseph L. Badaracco, Tom Quinn and John Schultz

Danish pharmaceutical company Novo Nordisk was owned by a charitable foundation, and since its founding in the 1920s had focused on producing insulin to treat diabetes. In 2017, however, it released Ozempic, a diabetes treatment with the revolutionary side effect of safe, effective weight loss. As demand in the U.S. reached a fever pitch, Novo faced opportunities and challenges. The case covers the markets in which Novo could expand, the manufacturing shortfalls it faced, the competition that was expected to arise, and the moral issues that came with selling a product that affected so many people worldwide.

  • March 2024
  • Case


By: Ranjay Gulati and Rachna Tahilyani

Ixigo is India’s second-largest online travel aggregator (OTA) and the market leader among private train OTAs. It has overcome numerous near-death crises to emerge as a customer-centric, profitable firm. It aspires to become the leading OTA in the next billion Internet user segment; to reach this goal it has launched an initial public offering. The founders must now decide how to grow their market share while meeting the profitability constraints imposed by public markets.

  • February 2024
  • Case

CLSA: Integrating ESG in Stock Valuation

By: Shirley Lu, Aaron Yoon and Billy Chan

In 2023, a senior financial analyst at the Hong Kong-based stock brokerage firm CLSA was surprised to see that, based on his calculations, the financial impact from climate risks on a major Indian cement manufacturing company’s projected earnings could be massive. While conducting fundamental analysis and making stock recommendations to equity-trading clients was the “bread and butter” for financial analysts, incorporating ESG factors in stock valuation was not yet a common industry-wide practice. Given the magnitude of the financial impact, the senior analyst, who was also the head of ESG research, pondered if he should change his view on the stock, and how he could develop a new way of valuing stocks adjusted by ESG risks.

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Mumbai Staff

Anjali Raina
Executive Director
Rachna Chawla
Associate Director, Community Engagement
Anthea D’Souza
Associate Director, Financial and Business Administration
Kairavi Dey
Senior Researcher and Team Lead
Kanika Jain
Research Associate
Tanisha Murdeshwar
Research and Educational Coordinator
Zarieus Namirian
Research Associate
Rashmi Patel
Manager, Operations
Malini Sen
Senior Researcher
Sanjivani Shedge
Manager, Administration
Aindrila Sinha
Research Associate