Schools Financial News

Digital fitness and wellness startup Portl has raised $3 million in a funding round led by Bharat Innovation Fund. The round saw participation from T-Hub Foundation and existing investor Kalaari Capital. The fresh capital infusion will help the 2021-founded startup’s product development, market expansion, and enhancement of its artificial intelligence (AI) systems.

Financial Times report that targeted Indian conglomerate AdGroup Article was just for noise, noted global financial services firm Cantor Fitzgerald, asserting that the financial market appeared to have shrugged off the said report. The financial advisory firm's report said that the market is inferring that the media article against the conglomerate was an «immaterial story.»

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

school holidays, many are seeking to escape the heat by heading to cooler hill stations. This year, redBus, the world’s largest online bus ticketing platform, has reported a significant increase in holiday travel bookings. Hill stations like Manali, Shimla, and Dharamshala are becoming top choices for those looking to enjoy the serene beauty of the mountains. These destinations offer not only a break from the scorching heat but also a chance to indulge in various activities such as trekking, river rafting, and sightseeing. Families and solo travelers alike are flocking to these spots, eager to experience the lush landscapes and cool climates. The trend indicates that more people are opting for road travel to explore these picturesque locations, preferring the flexibility and adventure that bus journeys provide over other modes of transportation. With the charm of hill stations drawing large crowds, it's clear that many are taking advantage of the school holidays to create memorable summer experiences.

Banks will be closed in Orissa and Tripura on the occasion of Nazrul Jayanti on May 25. Banks in India are closed on Sundays, second, fourth Saturday’s of the month, as per the Reserve Bank of India's (RBI) regulations. Banks are open on the first and third Saturdays of every month.

Kaamya Karthikeyan successfully summited Mt. Everest, becoming the youngest Indian mountaineer to scale the world's highest peak from the Nepal side, the Indian Navy said on Thursday. The daughter of a naval officer, Kaamya is a class 12 student at Navy Children School, Mumbai. Kaamya and her father Cdr S Karthikeyan successfully summited Mt. Everest (8,849 m) on May 20, according to a statement issued by a Navy spokesperson. «After this feat, she has become the second youngest girl in the world, and the youngest Indian mountaineer to summit the world's highest peak from the Nepal side,» the statement said.

INDIA bloc, comprising Congress and the Aam Aadmi Party (AAP). The national capital will vote in a single phase for all seven constituencies on May 25 in the ongoing Lok Sabha elections. Several restrictions, including a 48-hour ban on liquor sales, have been imposed, given the polling in Delhi on Saturday.

The consumer durables space should benefit from the pick-up in project completion of real estate, says Sachin Trivedi, Fund Manager — Equity, UTI AMC. He is also bullish on select private sector banks, auto, healthcare and capital goods sector. Edited excerpts from a chat on Q4 results, market valuations and sectoral choices: How would you sum up the March quarter earnings season? Which pockets of the market would you prefer to avoid after listening to the management commentary?

Current valuation discounts in large private banks seem to be completely oblivious to the positive surprises and improved earnings momentum outlook, says Santanu Chakrabarti, Analyst – Banking and Finance at BNP Paribas. “This dichotomy appears incongruous as we also note best-in-decades balance-sheet hygiene, ample loan growth and materially higher operating costs already baked into the financials,” he says. HDFC Bank is the top pick of the brokerage within the banking space with a target price of Rs 2,470. Edited excerpts from a chat: What are your key takeaways from the overall earnings season as far as the financial services sector is concerned? How has the outlook changed now for FY25? Santanu Chakrabarti: The only headline negative surprise in 4QFY24, among our largecap banking coverage, was HDFC Bank.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they had to fund some of their moves into China. Once the bank sector starts to move, there is going to be a lot of short covering and there is a lot of buying to make up for some of the positions which have been lessened over the last month-and-a-half particularly by foreign investors. Do you think the quietness in the markets is a pre-election event? Andrew Holland: We seem to be in this range, which everyone has been talking about. But interestingly, I have noticed some of the defence stocks are starting to move and construction companies as well. There is a feeling that, once the elections are through, we are going to see a whole bunch of ordering over the three months afterwards, whether it is for defence contracts or construction contracts.

Buddha Purnima 2024: Buddha Purnima or Buddha Jayanti commemorates the birth of Lord Gautam Buddha. The holiday, also known as Vesak, is a yearly celebration observed on the first full moon of the Hindu calendar month Vaishakha.Buddha was born around 563 BC in Lumbini (present-day Nepal) as Prince Siddhartha Gautam.

leadership who have been with Wipro for many years and as measure to stem the exit of internal talent which had plagued the company during previous CEO Theirry Delaporte's tenure, new CEO Srini Pallia has promoted at least five Wipro insiders, including three veterans, in the last one and half month. Days after Pallia took charge of the top office, Wipro appointed Malay Joshi, a Wipro veteran for 28 years, as CEO of Americas 1, the company's largest market. Early this month, Wipro appointed Hari Shetty, a Wipro veteran for 31 years, as chief strategist and sales excellence officer of the company.

Finvolve, a joint venture of India Accelerator and Finolutions, has closed its two maiden funds at a total corpus of Rs 100 crore, founder Apoorva Vora told ET. The Mumbai-based angel investment firm takes a unique approach and curates a deal flow of startups to wealth managers only, for them to be able to make returns for their clients.

Two private investment firms have created a platform to help athletic departments find funding with college sports on the verge of sweeping change that could have long-term financial implications

Amazon's cloud computing division AWS will invest 15.7 billion euros ($17 billion) to expand its data centres in Spain's Aragon region through to 2033, the US tech giant said Wednesday. The move comes on the heels of its announcement this month of a 7.8 billions euro investment to build a cloud centre in Germany, and 1.2 billion euros in France to develop cloud infrastructure and logistical infrastructure of its parcel delivery service.

Amazon.com will introduce a more conversational artificial intelligence-powered version of its Alexa voice assistant later this year and plans to charge a monthly subscription fee to offset technology costs, CNBC reported on Wednesday. While the e-commerce giant is yet to nail down the price of the new services, a subscription to Alexa will not be included in its popular $139 annual Prime offering, the report said, citing people with knowledge of the company's plans.

constitution for the family business has gained popularity, with many wishfully viewing it as a cure-all for their current and future challenges. While creating a constitution is essential, families should understand it merely marks the initial phase in fostering a cohesive family business. In reality, numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution. Concept of Family Business Constitution (FBC): There are fundamental differences in the two systems of family and business, necessitating clarity across various levels to ensure the enduring strength of the combined entity. Serving as a guiding document, the FBC is instrumental in preserving harmony, values, wealth, and the long-term sustainability of the family business. It establishes a foundational framework governing diverse aspects of family dynamics and their interplay with business operations, encompassing pivotal areas such as decision-making processes, roles and responsibilities of family members, and mechanisms for conflict resolution spanning multiple generations. While many families opt for a written constitution for its clarity and specificity, an unwritten constitution relies on shared understandings and traditions transmitted across generations.

Karnataka's IT/BT Minister Priyank Kharge on Wednesday said startups, entrepreneurs, venture capitalists and industry captains have been forced to take a “stand” or “endorse” the NDA regime, despite the government having done little to address their issues. «Single handedly, #ModiSarkar has destroyed the ecosystem with Angel Tax and the Govt’s GST killed the gaming industry,» Kharge posted on social media platform X.

Astronomy and Planetary Science at California Institute of Technology (Caltech), USA, has bagged The Shaw Prize, 2024. Kulkarni is the younger brother of well-known writer and Rajya Sabha member Sudha Murty, and hails from Karnataka. He was born in Kurundwad, near Sangli in Maharashtra and studied at Hubballi. He topped in the class, both in studies and in other school competitions, his sister Dr Vimala Kulkarni had told ET, in a recent chat. He was always keen on experimenting with things, anything new, she had said.

Paytm has paused its distribution of postpaid loans completely since February, signalling a notable shift in its lending approach. The value of postpaid loans distributed plunged over 90% to Rs 720 crore in the March quarter of FY24, from Rs 7,496 crore in the previous quarter, as per the company’s quarterly earnings release.

The families of 19 of the victims in the Uvalde elementary school shooting in Texas have scheduled a news conference ahead of the upcoming second anniversary of one of the deadliest school shootings in U.S. history