Business Standard instituted 'Best B Schools Standard Award' to honour excellence among students from India’s Best B Schools. Business Standard received 142 projects for evaluation in 2017. The projects included the SWOT Analysis of Mahindra and Mahendra’s Gramveer Network and creating a preposition to merge it with the Mahendra Mitra Programme. The criteria used by the jury to shortlist the projects included the quality of research and analysis, issues being addressed, practicality of the solution and the extent of innovation. Apart from the problems being addressed, the jury also investigated the practical implementation of the project. Pranav Rao of XIME, was one of the five nominees who was shortlisted for the Business Standards Awards that was held on 9th March 2018. The five nominees made the presentation to the jury comprising of Mr. Ajit Balakrishnan, Founder and CEO, Rediff.com; Ms. Nishi Vasudeva, Former Chairman and Managing Director, HPCL; Mr. Hasit Joshipura, Chief of L & T Corporate; Mr. Rajkamal Vempati, Head- HR, Axis Bank; and Mr. Amit Gainda, CEO , Avanse Financial Services. Pranav Rao finished in the 4th position.