Schools Financial News

29.05 / 09:47

Provident Reuters Enterprise PwC WSJ reports Schools PWC to become OpenAI's largest enterprise customer, WSJ reports

PWC will become the largest customer and first reseller of artificial intelligence startup OpenAI's enterprise product, as part of a new deal, the Wall Street Journal reported on Wednesday. OpenAI and PWC did not immediately respond to a Reuters request for comment.

29.05 / 08:09

Enterprise performer reports Schools HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation

HCL Technologies (HCLTech) has added generative AI or GenAI capabilities to its Maintenance, Repair and Overhaul (MRO) solution, to help optimise enterprises' asset utilisation. The infusion of GenAI into its MRO solution — iMRO/4 — would help enterprises raise the performance and efficiency of complex, high-value assets in transportation, technology, energy, aerospace and defense, according to a release.

29.05 / 05:29

travelers Schools Traffic Bengaluru news: Avoid THESE routes today for hustle-free travel. Here's why

Bengaluru traffic authorities highlights the scheduled Palakki Utsav on Wednesday, prompting the issuance of commuter advisories.“Palakki Utsav & procession 29th - 30th May 25' 0700am onwards at Panathur Village, vehicular traffic will be temporarily prohibited at Panathur railway underpass. Use alternate roads.

29.05 / 00:49

markets UPS electronic information reports Schools International Govt eyes time, spend curbs to tackle gaming addiction

spending limits on online and real money games to tackle gaming addiction among children and young adults, sources told ET. A consensus on this method, which has also been adopted in China, emerged in the recent internal meetings of the ministry of electronics and information technology during which various aspects of the Information Technology Rules of 2021 were discussed.

29.05 / 00:49

markets IPO Aware wellness stage reports Schools Bluestone may turn unicorn in pre-IPO funding round

Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023, when the company that sells online as well as through offline stores raised $65 million from a group of investors, including Zomato founder Deepinder Goyal and Zerodha’s Nikhil Kamath.

29.05 / 00:49

UPS Target FIVE Aware CEO Schools Sanjay Nayar’s Sorin Fund raises Rs 1,350 crore

Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.

29.05 / 00:49

markets UPS Manufacturing security electronic Schools Robotics company Difacto raises $4.8 million from Stakeboat Capital

Difacto Robotics and Automation has secured Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first financing round. Ajay Gopalswamy, founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.

29.05 / 00:49

markets UPS FIVE CEO Schools Indian IT sees deal tenures shrinking in rich neighbourhoods

deal tenures for India’s over $250-billion outsourcing industry. At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.

28.05 / 15:13

markets Fighting community students Schools Investigations 'Jharkhand district changed Sunday holidays to Fridays': PM Modi says Opposition 'now fighting Christians'

the holiday will be on Friday. First, they fought with Hindus, now they are fighting with Christians.

28.05 / 11:09

Platform Food show pop reports Schools International Food delivery, quick commerce take a bite out of QSR sales: brokerage reports

quick service restaurants (QSR) like Domino's and Pizza Hut have been hit by the rapid expansion of food delivery platforms like Zomato and Swiggy, while quick commerce — a segment that is also led by by Zomato-owned Blinkit and Swiggy-owned Instamart — are pulling younger customers away from modern retail and other physical stores, multiple brokerage reports said. For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, compared to 18% growth in the same quarter of FY23, while both same store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.

28.05 / 09:31

UPS Enterprise Universities Schools Interviews India's economic policy trajectory will continue regardless of Modi's win or loss, says Raghuram Rajan

economic policy trajectory whether Prime Minister Narendra Modi wins a third term in office or not, former central bank Governor Raghuram Rajan said. “There is a lot of continuity built into Indian policy," Rajan said in an interview Tuesday with Bloomberg TV’s David Ingles.

28.05 / 09:09

Action security Election cover Schools Colleges BJP's 9 'self-goals' will boost BJD's electoral prospect: VK Pandian

Naveen Patnaik's close aide and senior BJD leader VK Pandian on Tuesday claimed the opposition BJP has «committed nine self goals» during the ongoing Lok Sabha and Odisha Assembly polls thus boosting the regional party's electoral prospect. Pandian claimed that the BJP's self-goals will help the BJD and none can stop the regional party from forming the government for the sixth consecutive time. Lok Sabha and Assembly elections are being held simultaneously in Odisha. He also claimed that the BJD has so far by the end of the third phase of Assembly polls, already secured majority to form government in the state and the next and final phase of voting will be held in BJD's stronghold areas.

28.05 / 09:09

COST CEO Gap Analysis economy voice Schools AbleCredit raises $1.25 million in funding round led by Merak Ventures

AbleCredit, a credit underwriting company, has raised $1.25 million in the seed round led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings. The investment from Merak Ventures will enable the startup to scale its operations, along with business growth and expansion, it said.

28.05 / 09:09

Provident CEO Platform exclusive reports Schools Mygate enters insurance distribution business, partners with Acko

Mygate has entered the insurance distribution business, having received the aggregator licence from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance policies. The Bengaluru-based company has partnered with insurtech startup Acko General Insurance to distribute its insurance products. It is integrating Acko General Insurance’s services into its platform to provide access to insurance for four million households on the Mygate app.

28.05 / 08:40

security Strategy Trade Aon performer Schools Investigations What comes next for Ohio's teacher pension fund?

A battle is under way for the future of Ohio’s $94 billion teacher pension fund

28.05 / 08:39

Platform community Instagram students shooting Meta Platforms Schools Videos Uvalde families sue Meta and Call of Duty maker on second anniversary of school attack

The families of a group of victims of the Uvalde school shooting have announced new lawsuits against Instagram parent company Meta Platforms, the maker of the video game Call of Duty and the gun company that made the assault rifle used in the shooting

28.05 / 08:37

Pool President Basketball Schools Colleges Sporting athletics Union leader: Multibillion-dollar NCAA antitrust settlement won't slow efforts to unionize players

Advocates say they won't slow their efforts to unionize college athletes even with the NCAA’s agreement this week to allow players to be paid from a limited revenue-sharing pool

28.05 / 08:37

FIVE SEC reports Schools Colleges Sporting athletics Big Ten and SEC are again the top conferences in revenue with athlete pay plan on horizon

The Big Ten held a narrow edge over the Southeastern Conference in revenue for the second straight year and the Atlantic Coast Conference again ranked a distant third among the major conferences

28.05 / 08:37

markets UPS Celebrity travelers Schools Courts What's open and closed on Memorial Day

In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May

28.05 / 06:47

UPS hospital reports evacuation Schools Colleges International Bomb threats in India: Alarming rise in May 2024; all you need to know

Here's a look at the bomb threats received in India in May 20241. Taj Hotel, Airport, Mumbai: On May 27, Mumbai Police, received a threatening call indicating the presence of bombs at both Taj Hotel and Chhatrapati Shivaji Maharaj International Airport. After a thorough search, Police said that “nothing suspicious was found".

28.05 / 06:23

markets Progressive Boxing pandemic students cover Schools Rajasthan Board RBSE 10th Results 2024: Here are result date, how to check via online, sms and other details

Rajasthan Board of Secondary Education (RBSE) is set to announce the Class 10 Board Examination results for 2024 shortly. The board said that the result will be announced by May 20. Students who took the RBSE 10th exams can check their scores online via the official website, rajeduboard.rajasthan.gov.in.

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