Schools Financial News

20.06 / 02:25

markets UPS economy show country Schools Amazon to invest extra 10 billion euros in Germany

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.

20.06 / 01:11

markets Digital Enterprise Bill Experts information Schools Citing overlaps, experts seek rejig of Digital Competition Bill

digital competition bill for the second day on Wednesday, where the participants flagged that placing or imposing foreign regulation approaches such as the «ex-ante law» would lead to the destruction of value and access to digital public goods and infrastructure. «We flagged the impact on startups and their funding. The overlap of the proposed regulation (digital competition bill) with existing laws and regulations such as the Information Technology Act of 2000 and the Information Technology Rules of 2021 were highlighted. There is a need for more consultation on the subject and the current draft needs to be revisited,» a think-tank executive who participated in the meeting, said.

20.06 / 01:11

UPS Citi Strategy pandemic reports travelers Schools Infosys’ flexi stance helps staffers avail more remote work options

Infosys, has taken a softer and more flexible approach when it comes to returning to the “work from office” mode after the pandemic. Employees at the Bengaluru-based company have leveraged more remote working options in FY24 than in FY23, shows its ESG (environmental, social, and governance) report that ET has seen. This comes at a time when other tech companies are bringing in stricter mandates for employees to work from office.

19.06 / 22:59

Booking Remark students Universities reports Schools Who is Suborno Bari? Know about child prodigy who became youngest child to graduate

genius will soon graduate from Long Island High School at the youngest age ever. Lynbrook native Suborno Bari has already penned two books and even lectured at an Indian institution. In the fall, he will thereafter be attending New York University. On June 26th, he will receive his diploma from Malverne High School, as per the reports of the New York Post. While talking to ABC 7, Bari said that it is really exciting.

19.06 / 22:59

WhatsApp Bill Universities reports Schools Back to basics: Louisiana passes law to display Moses' Ten Commandments in every classroom

Louisiana is known for bringing in various changes in the education policy of its state but this the first time in the United States, the Ten Commandments of Moses will be displayed in all classrooms of public schools across Louisiana, says a USA Today report. Louisiana's Republican Governor Jeff Landry recently signed this new law on Wednesday, compelling every public school to follow suit and display the Commandments, which in bible, is often claimed as the 'laws of God'.

19.06 / 16:17

Target Merit Sustainability WhatsApp testing Schools Amid protests, Gujarat govt decides to recruit 7,500 teachers

Gujarat government has decided to recruit 7,500 teachers who have cleared the Teacher Aptitude Test (TAT) to permanent positions across secondary and higher secondary state-run and grant-in-aid schools, following protests by eligible candidates. This decision, announced by government spokesperson and minister Rushikesh Patel on Wednesday, aims to fill vacancies within the next three months. The recruitment drive will target candidates who have cleared the TAT, a prerequisite for teaching positions in secondary and higher secondary schools. The state Cabinet headed by CM Bhupendra Patel also decided that the government will soon conduct the Teacher Eligibility Test (TET) for primary school teachers.

19.06 / 15:53

UPS Cooper show reports Schools Investigations ‘6-year-old is gone’: Boy struck, killed by Ontario school bus picking up kids

York Regional Police say a six-year-old boy was struck and killed by a school bus picking up children for school in Kleinburg, Ont., on Wednesday morning.

19.06 / 15:39

Reuters Manufacturing Photos show Schools rights Investigations India to impound liquor firm Som's distillery over child labour

Som Group distillery and temporarily suspending the plant's manufacturing licences after the federal child rights agency found 59 children working at the site illegally. Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory. The agency also released photos of children's hands it said showed burns due to contact with chemicals. «We have sent the police force to ensure there are no issues during the sealing process,» Vikas Kumar Shahwal, a senior Madhya Pradesh police official, told Reuters.

19.06 / 15:39

markets UPS Citi ICE wellness Schools New-age ice cream Go Zero scoops up $1.5 million from existing investors

ice cream brand Go Zero has raised $1.5 million from existing investors DSG Consumer Partners, Saama Capital and V3 Investors. The funds will be used to boost growth in the quick commerce and ecommerce sectors, as well as to expand operations into tier-I cities like Jaipur, Chandigarh, and Ahmedabad.

19.06 / 15:07

COST UPS Citi reports Schools Awfis swings into black in Q4 FY24; posts Rs 1.3 crore profit versus Rs 13 crore loss YoY

Awfis, which went public last month, reported a net profit of Rs 1.3 crore for the January-March quarter (Q4 FY24), against a loss of Rs 13.8 crore a year ago. The Peak XV Partners-backed company saw its operating revenue grow by 45% year-on-year (YoY) to Rs 232.3 crore for the quarter.

19.06 / 14:15

markets Digital Platform Enterprise electronic Schools Pharmaceuticals Supermoney bags $3.4 million in funding round led by Capital 2B, Capria Ventures

digital lending platform Supermoney has raised $3.4 million (Rs 28.6 crore) in a funding round led by Capital 2B and Capria Ventures. The funds will be used to expand the company’s loan disbursement activities and improve operational efficiencies by leveraging technology.

19.06 / 13:09

markets UPS Digital Sustainability wellness Schools Critics will agree that Indian stock market is not very expensive: Nilesh Shah

GDP ratio is at an all-time high level, valuations are not at an all-time high, Dalal Street’s veteran stock picker Nilesh Shah said at AIF & PMS Conclave 2.0 on Wednesday. “Valuations are not at all-time high. They are still reasonably valued or one can say they are little expensively valued but critics will agree that it is not very expensive and optimists will agree that it is not very cheap. We are in the middle,” Shah said at the virtual conclave.

19.06 / 11:09

Provident Platform Bill students social reports Schools California governor wants to restrict smartphone usage in schools

California Gov. Gavin Newsom has said he wants to restrict students' usage of smartphones during the school day

19.06 / 09:41

markets UPS Digital wellness trends Schools Naveen Trivedi's top stock picks from jewellery sector

«If you look at in FY19, this number was more around 20 per cent and if you go back to 2007, it was in single digit sort of a number. So, thereby if you look at there has been a consistent shift towards the formalised market and there is a reason also,» says Naveen Trivedi, MOFSL. Jewellery sector category is growing. What are the tailwinds which you see and what are the prospects of this sector in the medium to long term in your view? Naveen Trivedi: With respect to the category size, this is a large market with the revenue size of around 6,40,000. If you look at the mix between the organised or you say formalised market that stands to around 36% to 38% sort of a band.

19.06 / 05:41

UPS Provident Pregnancy information reports Schools rights This law is a lifeline for pregnant workers even as an abortion dispute complicates its enforcement

A new law strengthening protections for pregnant workers has been a lifeline to many low-wage women seeking accommodations from employers who might otherwise have forced them into unpaid leave

19.06 / 01:39

markets Digital Sustainability Bill MakeMyTrip Schools MeitY meets firms to review concerns on Digital Competition Law

Indian policymakers Tuesday met industry representatives on the impact of the proposed Digital Competition Bill on data and digital markets after stakeholders seemed to have widely different opinions on the regulations, with some backing its provisions that others believe could deter investments. Nine industry associations and representatives of government bodies, besides executives from some companies, were present at the MEITY meeting, sources said.

19.06 / 01:39

markets UPS Target reports Schools International Simplilearn eyes 35-40% revenue growth in FY25

Simplilearn is aiming for revenue growth of 35-40% in fiscal 2025, cofounder and chief operating officer Kashyap Dalal said. The Bengaluru and San Francisco-based company posted “roughly flat” revenue in fiscal 2024 and became profitable in the final quarter of the financial year, Dalal told ET, without giving details. It has yet to report the FY24 financial results.

19.06 / 01:39

Digital Aware Platform Racing exclusive reports Schools Herd on PE Street: TPG outruns everyone in race for Altimetrik

TPG Capital has emerged the lead contender for about 60% of Michigan-based digital services company Altimetrik, said people aware of the development. Altimetrik, owned by Indian American entrepreneur Raj Vattikuti, is being valued at $1.5 billion (₹12,500 crore), they said. TPG's Asia investment platform TPG Capital Asia has signed an exclusivity agreement with the promoters, said the people cited. Jefferies is advising the promoter.

19.06 / 01:39

UPS Action Kaiser reports Schools Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix

Warburg Pincus is set to lead a $100-150 million (about Rs 833 crore to Rs 1,250 crore) funding round in SoftBank-backed software-as-a-service (SaaS) firm Whatfix, said people with knowledge of the matter. SoftBank, which holds more than 13% in the Bengaluru and US-based company, too is expected to participate in this round, which will see early investors Helion Venture Partners and Eight Roads Ventures making partial exits, the people said, adding that the round would be a mix of primary and secondary share sale.

19.06 / 01:39

Manufacturing Schools Relationships TechM to leverage M&M's network via cross selling

Tech Mahindra through cross-selling and synergies within the group, M&M said during an India investor meet last week. The comments come at a time when Tech Mahindra, India's fifth largest IT firm, is grappling with slowing growth and margins. Tech Mahindra is planning to leverage the group relationships to expand its network, the company said in a presentation to investors. Apart from continuing to service the parent group for its technology requirements, it will leverage the parent's buying power to sell its services to the sellers of the Mahindra group, it said in an additional presentation at the group investor meeting which was also filed with the BSE.

19.06 / 01:39

UPS Experts country hospital Schools Business families seek legal advice to amend tightly written deeds of family settlement amid global expansion plans

business families are asking legal advisors and experts in the field to advise them on possible amendments to tightly written Deeds of Family Settlement (DFS) that were designed to safeguard inheritances in an age that didn’t envisage the prospect of members going abroad venturing into segments that were non-existent at the time. For instance, the younger members of a Delhi-based family which has multiple interests in the consumer sector are seeking opportunities within and outside the country, said a top Mumbai-based business advisor.

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