Schools Financial News

Rapido has raised $120 million (about Rs 1,000 crore) in primary capital from its existing investor WestBridge Capital at a post-money valuation of $1 billion, becoming the newest unicorn startup in the country.

The entrance of name, image and likeness deals in college sports has raised questions about what it means to be a tax-exempt charitable organization

education ministry on Monday notified guidelines for implementation of bagless days for classes 6-8 and making learning in schools more joyful, experiential and stress-free. The guidelines, developed by PSS Central Institute of Vocational Education, a unit of the National Council for Educational Research and Training (NCERT), were released on the fourth anniversary of the new National Education Policy (NEP), 2020.

AWS) has launched a two-week pop-up, GenAI Loft, aimed at fostering innovation and community in the evolving landscape of generative artificial intelligence technology in Bengaluru on July 29. The loft is open to visitors till August 9.

White Matter Advisory on Monday announced the acquisition of a 90% stake in fintech startup Fairexpay for an undisclosed amount. The acquisition will help White Matter Advisory in expanding its portfolio in the area of cross-border remittance and fund collection services, a release said.

BluPine Energy on Monday said it has secured Rs 239 crore financial assistance from Tata Capital. The amount will be utilised towards a solar power project in Chhattisgarh, the company said in a statement.

«Going forward, quarter two will be better than quarter one and quarter three and four are definitely our best quarter in terms of advances, so that will continue, that clearly is going to happen. Our focused attempt on improving portfolio quality over the last two years and very specifically, April 23 onward, some of the specific initiatives that we took are holding up extremely well,» says Ratan Kumar Kesh, Interim MD & CEO, Bandhan Bank. First, let us talk about the numbers because your interest income is higher by 22%, NII uptick of 20%. What, according to you, are the levers in place to keep such kind of growth numbers coming in for the next few quarters as well? Ratan Kumar Kesh: Broadly, the levers are simple and basic in nature. Our ability to grow our advances quarter-on-quarter has been established in the last year. In quarter one, it generally is a muted quarter for us and we generally de-grow. What we have been able to establish this year, first quarter, is that we have been able to deliver a stable growth and that is something which is important.

Olympics, Paris designed its opening ceremony to make a splash, with ethereal dance performances, athletes floating down the Seine and a blowout performance by Celine Dion. A big display is table stakes, and hundreds of thousands of people jammed the city's bridges and riverbanks for hours to cheer the flotilla.

Jual Oram on Sunday said the Centre will consider demands for greater empowerment of the Autonomous District Councils (ADCs) in the Northeast. Recently, ADC chiefs of the state along with Tipra Motha supremo Pradyot Kishore Manikya Debbarma met Union Home Minister Amit Shah to request increased autonomy and financial control for the tribal councils.

Tropical Storm Gaemi triggered flash floods in northeast China on the border with North Korea and brought railway disruptions and landslides to other parts of the country, state media reported on Sunday.

technology, India has a unique human capital advantage to harness artificial intelligence for significant economic and societal benefits. Empowering people with AI skills will be a foundational step in India becoming an AI-first nation.

Paris Summer Olympics expect a flurry of cyberattacks, and with good reason. Russia is shut out of the Games; geopolitical tensions in the Middle East and the South China Sea are running high; cybercriminals continue to bombard computer networks with hacking attempts.

society perched on a digital foundation too fragile to withstand a defective software program that was supposed to help protect computers — not crash them.

Gaza on Saturday, killing dozens of people, as the country's negotiators prepared to meet international mediators to discuss a proposed cease-fire.

Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Nifty50 index started on a flattish note this week considering global cues however there was a massive selloff which took place post Budget Announcement in the first half of this week. The second half of this week belonged to the bulls as they emerged in full strength taking the index back above 24,855 levels on an intra-week basis.

capital gains tax rates is a welcome and logical change by the government. Under the new tax rules, stock investing will now attract a 12.5% Long-term capital gains tax (previously 10%) and 20% Short-term capital gains tax (previously 15%). Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount of capital gains increases. And as Finance Secretary Somnath explains, analysis of the tax base shows that capital gains tax doesn’t really impact the middle class. 88% of the capital gains income is earned by individuals with an income above Rs. 15 Lakh and 62% by those with an income greater than Rs 1 crore. The investing community in India is a minority demographic that benefits from a tax rate much lower than the marginal rate, a standard tax rate for income earned by salaried and other business incomes. Even with the new rates, we’re still much below the marginal tax rate.

Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a regulatory filing on Friday.

Mahantesh Sabarad, Independent Market Expert, says the RBI is now worried more about the liquidity conditions that most of the private banks maintain. Now it is likely to bring in the next round of reforms in terms of the LCR exposure. Huge banking transactions are happening online and there are concerns related to the security of online transactions and liquidity positions of banks because the systems can get hit by a huge liquidity surge. Intraday the banks look slightly under pressure, but over the week it seems they have done pretty well. But, it is the other way around. Over the week, banks seem to be under pressure. Intraday they have done well. What is your opinion on the RBI draft circular that we saw coming in for banks? What kind of impact are you foreseeing for the banks? Mahantesh Sabarad: Primarily the RBI in the past was very concerned about the asset quality of the banks and therefore, we saw a big compression in terms of NPAs gradually easing out of the system. That done, the RBI is now worried more about the liquidity conditions that most of the private banks maintain.

International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple on Friday over improvement in work-life balance, pay raises and job security.

Accenture, IBM and the Tata Group, are among those hiring artificial intelligence specialists in the thousands as they integrate the sunrise technology with their core functions, creating demand for a new category of workers termed as prompt engineers, talent and recruitment firms told ET.

Mphasis, which on Thursday night reported a 2.1% increase in first-quarter net profit, is now seeing a third of its deal pipeline being led by artificial intelligence, chief executive Nitin Rakesh said.