Schools Financial News

Wipro on Tuesday announced a partnership with the Centre for Brain Research (CBR) to leverage the power of Artificial Intelligence (AI), Machine Learning (ML), and big data analytics for health behaviour innovations. CBR is an autonomous, non-profit research organisation, hosted at the Indian Institute of Science (IISc). A release announcing the collaboration between Wipro and Centre for Brain Research said the partnership will «focus on harnessing the power of AI, ML and big data analytics to develop new technologies that will provide precision support towards the prevention and management of long-term health disorders».

«So, to play safe even in this momentum driven market I would not leave the fundamentals. I would keep the fundamentals first and then possibly chase the momentum, that is the approach that we have communicated also to our customers,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd Seems like short covering currently at play, how do you think investors should best use this rebound in the market. Well, it is a slightly challenging market from the momentum point of view. No doubt if momentum continues and if somebody wants to chase this momentum, you have an equal chance of getting disappointed because of the higher amount of VIX on one side and at the same time event risk on the other side.

BluSmart, India’s biggest electric cab operator, wants to raise more than $300 million in three years to add thousands of cars to its fleet in its push to take on the likes of Uber Technologies Inc. in the fast-growing market. The company will increase its Indian fleet of electric vehicles — supplied by Tata Motors Ltd., BYD Co., SAIC Motor Corp.’s MG Motor and Stellantis NV’s Citroën — to 13,000 by March from 7,500 currently, Punit Goyal, co-founder of the BP Ventures-backed startup, said in an interview. In three years, it aims to have 25,000 cars, he said.

Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range of 18%. If I talk about a three-year return, it is in the range of 15% to 20-25% return. Last week, Nvidia was in news due to the good results and after that the overall return, almost in a year, has gone beyond 170%. But having said that, can we understand the kind of exposure Indian mutual funds have towards US stocks and specifically tech stocks? Prasad Sawant: We have somewhere around 70 mutual fund schemes in the market as of now which has exposure to US listed stocks. And out of that, few are having direct exposure to these technology stocks. Like if we know Motilal Oswal Nasdaq 100 ETF, then we have Mirae Asset NYSE Fang plus ETF Mutual Fund is there and Edelweiss technology related scheme is there, which is specifically into US technology stocks.

Mizoram amid incessant rain on Tuesday morning, police said.The incident happened around 6 am in an area between Melthum and Hlimen on the southern outskirts of the town, they said.A body was recovered, while several others are trapped under the debris, they added.Although rescue operations are underway, incessant rains were affecting it, police said.The rains triggered landslides at several places in the state as well, officials said.Aizawl has been cut off from the rest of the country due to a landslide on National Highway 6 at Hunthar, they said.Besides, several intra-state highways have also been disrupted by landslides, they said.Meanwhile, all schools in the state were closed due to the rains.(This is a breaking news)Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data centre business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said. Discussions between parties over the size and the location of the investment are ongoing, according to the sources, with one of them saying Amazon Web Service (AWS) is considering expanding its current site in Milan or building a new one.

banking tech startup Gravity has raised $1 million in a funding round led by early-stage venture fund Kettleborough VC. The funds will be employed to enhance “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy told ET.

Infosys is pivoting to a GenAI first company, Salil Parekh, chief executive and managing director of India’s second-largest software services firm told ET. In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, he spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease. For now, as clients postpone large digital transformation projects amid uncertain demand for technology services, Infosys will choose profitability over growth. The 59-year-old — whose second tenure as Infosys CEO extends until 2027—said his spare time these days is devoted to experimenting with different AI tools. Edited Excerpts The current financial year was supposed to be one of recovery, how has it been so far?

Online fashion retailer Myntra has gained market share over the past 12-18 months, chief executive Nandita Sinha told ET, even as the platform is facing rising competition from rivals like Reliance Ajio and Nykaa. Sinha, a Flikpart veteran and the fashion etailer’s CEO for nearly two-and-a-half years, said international brands and direct-to-consumer (D2C) brands have emerged as a top focus area for the firm, as they drive a significant part of high-value retail for the firm. Myntra is also accelerating diversification into fashion peripheral sectors like beauty and home decor, she said in an interview.

Zomato and Swiggy working towards making existing customers order more frequently to drive growth. In fiscal 2024, Zomato’s average monthly transacting user base grew 8% year-on-year to 18.4 million. The pace of growth was 16% in the previous fiscal year.

Interoperability in Digital Economy (FIDE), which powers ecommerce networks like the government-backed Open Network for Digital Commerce (ONDC), has unveiled a multi-network AI agent that can carry out commercial transactions on the user's behalf. The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.

The Dawn reported.According to the report, over 1,000 female students were inside the Government Girls’ High Secondary School in Sirikot when the fire began, but luckily, no casualties were reported.Along with the local residents, the firefighters initiated the process of dousing the fire, but it took them more than two hours to douse it.

Mexico. Women like her play a fundamental role in Mexican society, picking up the burden of domestic labor as a growing number of women professionals enter the workforce. Despite reforms under the current government, many domestic workers continue to face low pay, abuse by employers and long hours.

spring bank holiday in the UK. Many establishments in the UK will be closed and public transport may be affected according to local customs of the city or county. Which are the establishments that are open or shut, what are the origins of this Spring Bank Holiday and other facts related to this will be explored.

Awfis Space Solutions closed on Monday after witnessing robust investor interest, with the number of bids received being more than 108 times the shares offered. According to data from the BSE, bids were received for over 93.3 million shares as against the 8.62 million shares on offer. The retail investors category was booked 53.32 times, while for non-institutional investors it was 129.28 times. The qualified institutional buyers (QIBs) category received bids for 54 million shares, which is over 116 times the shares on offer.

HCLTech on Monday said it has partnered with British semiconductor and software design company Arm to work on custom silicon chips that support AI-driven business operations. A semiconductor designed for a specific task is referred as custom silicon chip. The partnership will enable semiconductor manufacturers, system OEMs (original equipment manufacturers) and cloud services providers to enhance the computing efficiency of their data centre environments, HCLTech said in a statement.

Executive Programme in Strategic Management in partnership with Emeritus, a global pioneer in offering accessible and affordable high-quality education to individuals and organisations.This 7-month high-impact programme is thoughtfully designed for senior and mid-level professionals aspiring to ascend to leadership positions that spearhead corporate strategy and growth. Additionally, it is tailored for senior executives already in pivotal strategic roles but seeking to enhance their capabilities in end-to-end strategy formulation and execution, thereby propelling their organisation's business growth initiatives forward.According to the 2023 Chief Strategy Officer (CSO) Survey by Deloitte, organisations are increasingly structuring strategy as a formal function with a dedicated lead and personnel, a 22% increase to 74% of organisations surveyed in 2023 compared to prior years.

Haryana government has declared the closure of all schools from tomorrow, May 28. The decision has been taken considering the scorching heat and rising temperature. As of now, Haryana's temperature is 46 degrees. Haryana school summer vacations are announced for both private and government colleges. Students and parents are advised to contact the respective school administrations for details. As per the official notice issued today, May 27, all schools will now reopen from July 1, 2024. "Haryana Directorate of School Education has announced summer vacation in all the schools (government and private) of the state from 28 May 2024 to 30 June 2024. Schools will be reopened from July 1, 2024," the official notice reads. This is to be noted that earlier Haryana Summer vacation 2024 dates were from June 1 to 30, which is now preponed to May 28 to June 30.

VP Nandakumar, MD, Manappuram Finance, says that the company has not been impacted by RBI's new regulations. He feels it is positive because the company is fully prepared for that through their online gold loan schemes, etc. The profitability remained pretty robust. Next year also on a consolidated level, they expect a CAGR of 20% and a profitability of the same level. Let us first talk about the Q4 performance when it comes to your AUMs. You have closed in about 18.7% growth which is normally a little bit lower than your guided 20%. Do you believe that the impact of all the RBI-led regulations is now behind you and the company can deliver a better AUM for the full year as well as the next quarter? VP Nandakumar: We have been guiding for about 20%. We reached 19%, 1% lower. Our performance has not been bad, but we will improve. RBI's new regulation has not impacted us. We feel like it is only positive because we were fully prepared for that through our online gold loan schemes, etc. So, our profitability remained pretty robust. We hope next year also on a consolidated level, we expect a CAGR of 20% and the profitability of the same level we expect. We have fully implemented the RBI guidelines. We are fully okay with the latest guidelines also.

The poor placement record of India’s top engineering schools this year has received much attention. What went unnoticed are dismal placements at top economics schools. One reason is the growing caution among employers that face multiple global uncertainties.

Blaine Higgs says he is banning a Quebec-based sexual education organization from sharing information in provincial schools after what he called an “inappropriate” presentation in high schools.In a lengthy post on the social media platform X, formerly known as Twitter, Higgs says he’s heard from concerned parents who shared photos and screenshots of presentation material from Montreal-based sexual education group Thirsty for the Talk, an online resource created by HPV Global Action.A photo Higgs shared on social media as part of the thread shows a presentation slide with questions like: “Do girls masturbate?” and “Does it hurt when you do it for the first time?” among others.He says the Department of Education told him the presentation was supposed to be about Human Papillomavirus and the group shared materials beyond that scope.HPV Global Action’s president Teresa Norris told Global on Saturday that an outline of the presentation was submitted for approval with the school beforehand.She added the contents in the photo shared by Higgs were not intended to encourage those actions, but to discuss the dangers of unsafe sex, including questions that young people often have.“We want to help protect our children, and we are of the same common mindset that we are also preoccupied about where our children are getting their wrong (or) misguided information on the web,” she said.Norris called the move to ban the organization from presenting in New Brunswick schools “unfortunate.”The premier’s post on X says parents must be respected, similar language to what he has used when discussing his government’s controversial changes to provincial policies involving gender identity in schools.The new rules require students to get parental