Schools Financial News

Venture capital (VC) funds and angel investors have started to seek more clarity from cofounders, who are also spouses, about their roles, responsibilities and any special rights given to either of them at the time of the company’s inception. In several instances, founders often name their spouses as cofounders at the time of the inception of their venture. However, if the spouses choose to part ways after a few rounds of funding, at that time, dealing with that separation becomes messy for investors as they have to deal with disgruntled spouses who are also shareholders of companies.

Amazon Web Services has announced a $230 million commitment aimed at accelerating the development of generative artificial intelligence applications by startups worldwide. The initiative will provide early stage companies with AWS cloud computing credits, mentorship, and education to further their utilisation of AI and machine learning technologies, the company said. Participating startups will have access to AWS computing, storage, database, and custom AI chip offerings through the provided credits.

Kota in Rajasthan continues to be a beacon of hope for countless aspirants aiming to crack some of India's toughest entrance exams like NEET and JEE. The journey of Aman Mahavar exemplifies why Kota remains a magnet for these aspirants. Aman’s story is not your typical rise-from-adversity tale. As reported by TOI, he faced seven failed attempts at NEET until 2022 and seemed destined to return to his job as a postman in Bikaner. However, a chance opportunity changed his fate. Aman heard about Motion Education’s scholarship lottery while working in a post office, filled out the form, and was selected. This unexpected break put his dream back on track. Having worked various jobs since his school days to support his mother, Aman finally cracked NEET on his eighth attempt in 2023, securing a seat at GMC Medical College in Tamil Nadu’s Ramanathapuram.

Quick commerce companies have been facing regulatory heat regarding food safety in the past few weeks, with the issue garnering wider attention after a human thumb was discovered in an ice cream ordered via Zepto in Mumbai. Let's take a look at some of the recent episodes of food safety issues on quick commerce:

Greece is grappling with the repercussions of an unprecedented early heatwave that has claimed the lives of several tourists and left many missing amid record-breaking temperatures. The heatwave, defined by temperatures exceeding 38°C for at least three days, has prompted urgent warnings to travelers. The heatwave has hit Greece earlier than ever before, with tourist hotspots in Athens and beyond forced to close. The Acropolis, Greece's most visited tourist attraction, shut its doors on Wednesday and Thursday as temperatures soared, causing visitors to faint while waiting in line. Greek authorities issued a level three heat alert, urging people to work from home and avoid strenuous outdoor activities. Chania, a city on the northwest coast of Crete, recorded the highest temperature, reaching 44.5°C on Thursday. The area also experienced a 3.7 magnitude earthquake on Friday morning. Central Athens saw temperatures climb to 42°C, prompting health warnings and school closures.

Agriculture, Consumer Durables, Insurance and Services,” says Kush Gupta, Director at SKG Investment & Advisory. In an interview with ETMarkets, Gupta said: “The new government would enhance capital expenditure, above normal monsoon are expected to support agriculture, Crude oil prices have come down which should support inflation,” Edited excerpts:

Sundar Pichai, the CEO of Google, said in a New York courtroom Friday that he never discussed a possible takeover of Ozy Media. Pichai is the highest-profile witness to testify so far in the trial of Carlos Watson, the founder of Ozy who is accused of misrepresenting his company's financial results, funding and audience data to investors and lenders from 2018 to 2021.

Microsoft will not roll out "Recall", an AI-powered feature that tracks computer usage, with its new computers next week and will instead preview it with a smaller group later, the tech giant said on Thursday, amid concerns of privacy risks. The Recall feature tracks web browsing to voice chats, creating a history stored on the computer that the user can search when they need to remember something they did, even months later.

“After feeling overlooked among popular creators, my journey took a turn when I joined Moj in June 2022 where tremendous viewer support and new gifters increased my earnings,” Munde, 23, told ET.

logistics firms such as Delhivery and Xpressbees, which have hitherto focused on servicing ecommerce orders, are entering the quick-commerce sector as demand continues to surge on platforms like Swiggy Instamart, Blinkit, Zepto and others, multiple people aware of their plans told ET. Gurgaon-based logistics firm Delhivery — the largest third-party logistics (3PL) firm — has started to manage Swiggy Instamart’s larger warehouses that supply to small dark stores, or fulfilment centers, in city pockets. Similarly, Pune-based Xpressbees is in talks with multiple players to enter the segment, sources added.

More than 60 percent of Americans believe they are better positioned to achieve their financial goals compared to previous generations, according to Schwab’s eighth annual Modern Wealth Survey.

New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more than 230,000 Earn investors, including 29,000 in New York, and agreed to a ban on operating crypto lending programs in the state.

It would have been the largest-ever private gift to a historically Black college or university: $237 million — far beyond Florida A&M University’s endowment

It would have been the largest-ever private gift to a historically Black college or university: $237 million — far beyond Florida A&M University's endowment

Meta Platforms will not launch its artificial intelligence assistant Meta AI in Europe for now following a request from the Irish privacy regulator on user data harnessed from Facebook and Instagram, the U.S. social media company said on Friday. The move by Meta came after complaints and a call by advocacy group NOYB to data protection authorities in Austria, Belgium, France, Germany, Greece, Italy, Ireland, the Netherlands, Norway, Poland and Spain to act against the company.

Telugu textbooks carrying the previous year's foreword referring to K Chandrasekhar Rao as the Chief Minister was used in this year's books causing embarrassment to the Congress government in Telangana. Books for classes 1 to 10, carrying the old foreword, were also distributed to students of state-run schools when they reopened on June 12 after the summer vacation. Sources on Friday claimed that the officials initially sought the textbooks to be returned but now suggested pasting the foreword page on the backside of the (inner) cover page so that the reference to the previous government is not visible. When contacted, a senior Education department official on Thursday said a particular textbook was not distributed to students as some rectifications are to be carried out, but did not elaborate.

«We want to increase the exposure to consumption sector as such because that was the sector which we were significantly underweight,» says Daljeet Singh Kohli, Vasuki India Fund. What is the say on defence pack? Yes, the order books of these companies were quite solid. The question was on the execution and then the valuations. Would you still buy afresh? No, I do not think for buying fresh, you will have to look for some differentiated ideas. Maybe within the pack if you can find something which is a supplier to somebody or which is doing some particular component, some parts or some kind of services that they are offering, so those kind of niche ideas one can still look at.

«My only fear is that even if the client spend higher on IT budgets, but if that translates into higher insourcing budget or it translates to higher spending on the hyperscalers, then orders may not come to Indian IT services,» says Sumit Pokharna, VP Analyst, Kotak Securities. The underperformance in the IT pack has already played for a while right now while the rest of the market has been booming and we are sitting at all-time high pretty much across the board, barring of course a few stocks here and there. If you were to do a SWOT analysis of the IT sector right now, will you think that what is going to weigh heavy right now are the weaknesses and not the strengths in favour of IT? TCV has been very strong and that is a very positive side. But if you look at the earnings or the revenue side of it, that is not converting into revenue. Why is it so? Because there are some slippages or there are some postponement of existing order book.

artificial intelligence (AI) world and we are all living in it. The growing might of advanced AI technologies, with the advent of ChatGPT and many other language models, has touched the financial world in many ways than one had imagined. A recent paper published by three scholars from the University of Chicago school of business found that large language models can analyse financial statements of companies and forecast earnings potential, which were said to be more accurate than analysts' estimates. The report was first published in The Financial Times.

Biden administration to take urgent action to protect more than 250,000 Documented Dreamers, a significantly large number of whom are Indians, who will be forced to self-deport after ageing out of the temporary legal status derived through their parents' visas. Documented Dreamers are foreign nationals who entered the United States as dependents under their parents' temporary, nonimmigrant visa status, usually a work visa. Despite growing up in the US with legal status, children of long-term visa holders age out of their dependent status when they turn 21 and are often left with no choice but to leave the United States if they cannot transition to a new status, the lawmakers said in a letter to Homeland Security Secretary Alejandro Mayorkas and the US Citizenship and Immigration Services (USCIS) Director Ur M Jaddou.

Cyriac Abby Philips, recently found himself perplexed over a family member's illness, despite his medical expertise and extensive tests. The breakthrough diagnosis came from an unexpected source: his elderly maid. Dr. Philips, widely recognized as 'The Liver Doc' on social media, faced a challenging situation. His adult family member experienced persistent low-grade fever, chills, fatigue, arthritis, and an unusual rash. «I tested everything from viral hepatitis to COVID-19 to influenza and dengue and Epstein-Barr Virus, and nothing came back positive, and it was frustrating,» he shared on X.