Indian equity market rallied for the the fourth consecutive day on Budget optimism. Nifty hits the all time high by breaching the psychological level of 9,000 to 9,006. BSE’s 30 Shares Index Sensex ends the day at 29,593.73 surged by 134.59 points while Nifty ends at 8,996.25  up by 39.50 points.The Nifty has now gained around 300 points or over 3 per cent since Friday. The Sensex is up over 800 points in the last four sessions.

Today’s rally, however, was driven by Reliance Industries, one of the most influential stocks in the Nifty. RIL shares gained nearly 4.4 per cent after CLSA said the conglomerate could report a record profit for the fourth quarter.

Indian Rupee ends the day at 61.9150 down by 5 paisa against US Dollar.

Among the sectorial indices of NSE CNX Energy (1.72%), CNX IT (1.55%) and CNX PSU Bank (1.41%) were the top gainers while CNX Realty (-1.53%), CNX Auto (-1.02%) and CNX Metal (-0.61%) were the top losers.

Out of the 50 stocks of Nifty 29 stocks ended in positive terrain and 21 in negative terrain.

Top 5 Nifty Gainers: TCS (4.33%), Reliance (4.15%), BOB (3.34%), Jindal Steel (2.81%) and PNB  (2.65%)

Top 5 Nifty Losers: M&M (-3.74%), Axis Bank (-2.31%), Tata Motors (-2.05%), DLF (-1.97%) and Ambuja Cement (-1.91%)

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Indian stock market pared all its early trading gains in the  afternoon trading session but recoup some of the gain in the last hour trading session. Front line indes Nifty ended above 8,950 by surging 54.60 points to end the day at 8,956.75 while BSE’s 30 stock index Sensex ended at 29,459.14, up by 97.64 points.

The HSBC Manufacturing Purchasing Managers’ Index, compiled by Markit, fell for the second consecutive month, to 51.2 in February from 52.9 in January.

Ratings agency Standard & Poor’s does not expect an upgrade to India’s sovereign debt rating in the next year in the absence of substantial, quality reforms,  after the government’s Budget slowed the pace of fiscal consolidation.

Capital goods stocks rose after the proposal to reduce corporate tax rate in Budget helped spur gains in capital goods companies. However, shares in ITC plunged after the Budget raised excise duty on cigarettes by 25 per cent for cigarettes of length not exceeding 65 mm, and by 15 per cent for cigarettes of other lengths.

Meanwhile USDINR pair ended at 61.8650, up by 3 paisa.

Among the sectorial indices of NSE CNX Pharma (1.91%), Bank Nifty (1.61%) and CNX Finance (1.49%) were the top performer while CNX FMCG (-2.15%), CNX Realty (-0.33%) and CNX Auto (-0.18%) were the worst performer.

Out of 50 stocks of Nifty 28 stocks ended in green and 22 ended in red.

Top 5 Nifty Gainers: Ultra Cement (7.70%), Ambuja Cement (6.73%), Axis Bank (6.11%), Grasim (5.99%) and CIPLA (5.92%).

Top 5 Nifty Losers: ITC (-5.04%), Jindal Steel (-4.11%), Bajaj Auto (-3.50%), Hero Motorcorp (-2.11%) and Bharti Airtel (-2.11%)

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Over the years, the MBA has lost some of its charm. Students and professionals have lost faith in this course. Mostly since the recession, people are a bit skeptical of leaving their jobs for a degree that would cost them more than a year’s salary. Plus the prospect of getting a decent job post the degree is also not a guarantee. The world we are currently living in, is heaven and earth apart from it was before 2012. People are in a hurry to earn more money, and they are not ready to give up their career for a degree.

As the rate of applicants kept on dropping as the years passed by, the re-invention of this course has come to light. As technology comes bearing gifts, a professional degree like MBA has also seen a huge transformation. All the hoopla that technology has bought in, online learning is one of the key reasons for this transition.

No more is it about pen and paper and regular lectures; it is all about the incorporation of online content. US has already started the transformation. Many business schools have shut down their regular programs for a more flexible online course. One of the main reasons for this is, to adapt the business course to the changing market. University of Charleston is one of them that has cut out their day time MBA program in 2015. Their main saying is that the demand for the ‘day time’ course is failing as their prospective students are already working; so they need to bring in a change in the course structure is evident. Other American universities to follow this trend were Wake Forest University and Virginia Tech’s Pamplin School of Business. The online course allows students to continue their work and study side by side.

Using the technology in education has defiantly bought in a lot of change. University of Miami has also incorporated this change by introducing part-time and evening courses along with the two year program. The one year program structure was more famous in European nations, but over the years, it has gained a solid ground in America.

Universities with their distance learning, online courses, part time and evening courses have given a definite transformation of the face of a business course. India is also following this path. ISB’s one year program has become one of the best MBA programs in India. IIM’s are also following this trend. Apart from this plethora of universities have come up with their online programs, to inculcate more students in from all around the country, who for some reason or the other cannot take up regular courses.

Students do no longer want to study for another two years before they can start earning, they want a quick shot at a successful career and patience is dying out. These flexible MBA programs are proving to be extremely beneficial in this fast paced life.

The education sector in India is no longer bound by classrooms. Most of it owed to the new startups and technology that has made this possible. The e-learning market in India is estimated to be around $3 billion; and the central government is striving to make technology and digital learning to be available in every corner of the world. According to various industry experts the future of education is in the online medium.

Education has definitely come along way. The times of Gurukuls to the times of the internet, innovators have definitely found a way of making educations fast, easy and accessible to people from every corner of the world. Through this new found transformation, MBA has suddenly become a course that any business aspirant can go for and wouldn’t have to think twice about the money or the time it would require.

Most of the businesses schools around the world are adapting to the flexible medium of education and business schools are making sure that they still manage to attract as many students by their new found flexibility and affordability.

Author Bio: Trisha is a professional writer and has been writing on a variety of topics. She is an ardent reader, a traveler and a passionate photographer. She wants to explore the world and write about whatever comes across her way.