Schools Financial News

Vaghul, the banker who sowed the seeds of financial conglomerate ICICI, passed away today. He was 88. He was on the ventilator for the last two days at Apollo Hospital in Chennai, in critical condition. He was admitted to hospital after he fell and was unconscious, his family member told ET.

transgender icon of the election department of Himachal Pradesh's Solan district. Hailing from the Kothi village in Kunihar area of the Solan district under Shimla parliamentary constituency, Thakur said that the situation had become so grim that villagers started pressurising her family to «throw her out». She was perhaps the only transgender among 35 belonging to the third gender in the state, who gathered the courage to speak up. «When I used to tell my family members about the mal-treatment and discrimination in the school to an extent that I was not allowed to use the toilet, they thought I was making excuses to skip the school. Given a chance, I would like to resume my education,» she said, lamenting that she faced discrimination at «every step in life».

«If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets,» says Ashi Anand, Founder & CEO, IME Capital .

Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group (DCG), with no recovery from the bankruptcy. US Bankruptcy Judge Sean Lane approved Genesis' Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.

OpenAI has effectively dissolved a team focused on ensuring the safety of possible future ultra-capable artificial intelligence systems, following the departure of the group’s two leaders, including OpenAI co-founder and chief scientist, Ilya Sutskever. Rather than maintain the so-called superalignment team as a standalone entity, OpenAI is now integrating the group more deeply across its research efforts to help the company achieve its safety goals, the company told Bloomberg News. The team was formed less than a year ago under the leadership of Sutskever and Jan Leike, another OpenAI veteran.

The movement to make financial literacy a core component of education has gained ground in Oklahoma.

ecommerce marketplaces like Amazon and Flipkart will have a play, Delhivery cofounder and chief executive Sahil Barua said on Friday. “There’s a sub-segment of quick commerce which is yet to be evaluated. There’s a long distance between 15-minute delivery and same-day or next-day delivery. I think there will be a segment, which will emerge for certain kinds of products, which will be two-hour, four-hour deliveries. We already perform this in all the cities we are present in,” Barua said during the company’s post-earnings analyst call.

WASHINGTON—The Supreme Court began recording its oral arguments in 1955. Unfortunately, the court’s most celebrated case—Brown v. Board of Education—was decided in 1954, meaning there is no audio record of the hearing where the constitutionality of school segregation was argued, or the day 70 years ago when Chief Justice Earl Warren read from the bench his entire opinion declaring that, “in the field of public education, the doctrine of ‘separate but equal’ has no place." That historic near-miss long has frustrated Jerry Goldman, a Chicago law professor who spent decades cataloging, transcribing and publishing Supreme Court audio files on the educational website Oyez.org.

The way that the Consumer Financial Protection Bureau is funded has been ruled constitutional by the U.S. Supreme Court, overturning a previous decision by a lower court.

KYIV: A massive Ukrainian drone attack on Crimea early Friday has left the city of Sevastopol without power and set a refinery ablaze in southern Russia, Russian authorities said. The drone raids marked Kyiv's attempt to strike back during Moscow's offensive in northeastern Ukraine, which has added to the pressure on outnumbered and outgunned Ukrainian forces who are waiting for delayed deliveries of crucial weapons and ammunition from Western partners. The Russian Defense Ministry said air defenses downed 51 Ukrainian drones over Crimea, another 44 over the Krasnodar region and six over the Belgorod region. It said Russian warplanes and patrol boats also destroyed six sea drones in the Black Sea.

The National Rifle Association is kicking off its annual meeting in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm as board members prepare to elect his replacement

“Foreign Institutional Investors (FIIs) turning net sellers in India can be attributed to various factors, including global uncertainties regarding monetary and interest rate policies, rising growth concerns in the US, and the possibility of asynchronous monetary policies across the world,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should not overly concern themselves with short-term market movements and should maintain their portfolio allocation in line with their long-term strategic decisions,” Edited excerpts: What a twist market saw in the week gone by. We retested crucial support levels. What is causing the panic on D-St? Pradeep Gupta: The recent market movements have indeed been notable, with a retesting of crucial support levels indicating a certain level of volatility and uncertainty.

Nickelodeon Studios has announced a new spinoff series based on the hit live-action movie 'The Thundermans Return.' The spinoff will feature original cast members and will start production in Vancouver.

ZORO) — in Mizoram on Thursday to protest the government's decision to fence the India-Myanmar border and scrap the Free Movement Regime (FMR) between the two countries. The peaceful protest rallies were held at Zokhawthar and Vaphai villages in Champhai district bordering Myanmar. ZORO general secretary L. Ramdinliana Renthlei said that protesting the Centre's decision to fence the India-Myanmar border and scrapping the FMR, thousands of men and women took part in the two rallies at Vaphai and Zokhawthar along Myanmar borders.

Bar and Bench, Pradeep Kumar Rai received 689 votes. This is the fourth time, Kapil Sibal will serve as the president of the SCBA. Sibal had announced his candidature for for the post of Supreme Court Bar Association (SCBA) president on May 8.

astrology platform InstaAstro has raised $2.3 million (Rs 18.50 crore) in a funding round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, managing director and chief executive of Ixigo.

schools in the national capital, the city police have told the Delhi High Court there are a total of five bomb disposal squads (BDS) and 18 bomb detection teams for over the 4,600 schools here. In a status report filed in the court on Thursday, the Delhi Police stated they had issued guidelines last year to deal with bomb threats to schools and an order deputing nodal officers for deployment of BDS in case of a bomb threat has also been issued. It said 120 mock drills were conducted in schools between January 1, 2023 and May 6 this year. Earlier, Justice Subramonium Prasad had asked police to give details of steps taken to ensure that school children are evacuated safely without panic in case of a bomb threat, with least dependency on parents. It had also sought data on the number of schools in each zone, the nodal authority concerned in each zone, the number of mock drills etc.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

Shiv Chanani, Fund Manager, Baroda BNP Paribas Mutual Fund, says he would probably look for definite signs before fully committing to the IT space. Compared with largecaps, one needs to differentiate among the midcap IT companies. There will be the usual run-of-the-mill IT services companies which are probably in a smaller format of the larger ones and then there are the vertical focused companies which have their own niche and will continue to do well. The largecap IT space overall has shown anaemic growth and nothing great is coming out of the commentary as well. What is your outlook there? Also talk to us about midcap IT where numbers are good, but their valuations are not very cheap either? Shiv Chanani: IT is a pretty interesting space at this point of time where probably the entire space is going through what we call the corridor of uncertainty. So, when you look at one layer below which is the underlying customers of the IT companies, most of them which are in the US, one can perceive the kind of uncertainty that they are going through because you do not know when the rate cuts are going to be, how much of those rate cuts would actually take place.

software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India's Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes of Microsoft and Salesforce.

Infosys co-founder NR Narayana Murthy has voiced his endorsement for a particular book to be embraced by Indian youth across the nation. Murthy emphasized the importance of "Conceptual Physics," authored by Paul G. Hewitt, as essential reading for every child in India, regardless of their geographical location. In a conversation with Moneycontrol, the 77-year-old billionaire lauded the brilliance of Hewitt's work, expressing his current engagement with the book. Murthy's admiration for «Conceptual Physics» stems from its targeted approach towards high school students, offering a comprehensive guide to teaching physics effectively. «I am right now reading a book called Conceptual Physics. This is a book by a high school teacher called Paul Hewitt. It is written for high school students on how to teach physics. Next time I'll show you that book. It's brilliant. Absolute brilliant. I only wish we get permission from the author,» he articulated to the publication.