Schools Financial News

Instacart is partnering with Uber Eats to offer a new perk to its customers: restaurant delivery. San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a «Restaurants» tab in the company's app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers.

SoftBank, one of the largest technology investors, is looking to return to the deal counter in India after largely focusing on exits from listed bets last year.

Srinivas Pallia completed one month as CEO of fourth largest software services firm Wipro, which has been trailing its peers on growth and profitability, he has been travelling across the globe to meet employees and stakeholders. Last week, he did a town hall in London, a geography on the other side of the Atlantic — where he has been focussed till recently as CEO of Americas 1. Pallia was elevated as CEO of Wipro, after Thierry Delaporte's sudden exit from the firm 15 months before the expiry of his term.

West Bengal Chief Minister Mamata Banerjee on Tuesday welcomed the Supreme Court order that stayed the Calcutta High Court verdict of cancelling more than 25,000 school jobs, and said she is «very happy and mentally relaxed» after getting justice in the apex court. The Supreme Court on Tuesday stayed the Calcutta High Court order invalidating the appointment of 25,753 teachers and non-teaching staff made by the West Bengal School Service Commission (SSC) in state-run and state-aided schools.

Meanwhile, the Board on Tuesday announced that after the results are declared, students who are not satisfied with their marks can verify them, get photocopies of their answer books, and request re-evaluation.

Supreme Court on Tuesday ordered interim stay on Calcutta High Court decision which declared the entire panel of 2016 SSC teachers' recruitment null and void cancellig appointments of 24,000 teachers and non-teaching staff. The court has asked CBI to continue its investigation.

Struggling to give teachers meaningful raises, some school districts are adding a new perk — subsidized, on-site child care for their kids

Three financial giants HDFC Bank, Kotak Mahindra Bank and Bajaj Finance, which is almost half of PMS fund manager Saurabh Mukherjea's Kings of Capital portfolio, are having a tough time. But the star stock picker isn't the one to switch sides when the going gets tough. «If you find a high-quality company where you have great faith in the quality of the promoter, great faith in the management, and the shares have come off to low valuations, you double down,» Mukherjea told ETMarkets in an interview. He also lists three reasons why Kotak Mahindra Bank, which has lost its valuation premium over regulatory and top management exits, will bounce back. Edited excerpts from a chat with Saurabh Mukherjea, Founder and Chief Investment Officer of Marcellus Investment Managers: Three stocks in your portfolio — HDFC Bank, Kotak Mahindra Bank and Bajaj Finance — have been in the news for RBI’s ire. How big do you think regulatory risk can be for lenders? Saurabh Mukherjea: With highly-regulated industries you have to accept the smooth with the rough.

Deepak Shenoy, Founder, Capital Mind, says “I believe longer term, LIC is still a good play. Even from here, the fourth quarter is likely to be pretty good because they recognise a certain set of revenues only in the fourth quarter related to their participating policies, the 7.5% of profit that they will share with shareholders is taken out entirely in the fourth quarter, so that will be a fairly large chunk to add. Also we are still buying BSE because despite what happened recently in terms of SEBI giving them a notice about paying up for the options volumes on a notional basis rather than on a premium basis, they have increased their rates and perhaps are going to recover any future charges from customers directly.”

Shreyash Devalkar, Senior Fund Manager, Axis Mutual Fund, says “in the relative context, the three main segments by weight in the largecap are FMCG, private sector banks, and some parts of IT. Here the valuations compared to their pre-Covid level are not really elevated and that is where everyone is watching out for a turnaround. Any turnaround, whenever it happens, definitely is a good development for these sectors.” What are you making of the volatility which has suddenly sprung up? It has become a pattern almost that the day the markets hit a lifetime high, that very day they also fall quite a bit. Shreyash Devalkar: As far as markets are concerned, when it comes to the movement, which we have observed over the last 1-3 year basis is that most of the stocks are pricing in a lot of positivities and especially from the valuation perspective, they are at an elevated level in mid, small and a section of largecaps as well.

Apple cofounder Steve Wozniak's space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer's space data offerings, Privateer's CEO told Reuters. Privateer, founded in 2021 to help satellite operators navigate in Earth's increasingly crowded orbit, closed its Series A funding round in April, led by space-focused venture capital firm Aero X Ventures with other investors including Luxe Capital, Boca, Starburst, and the Winklevoss twins. The news is expected to be announced later on Monday.

Aditya Arora, Adlytick, says “markets are pretty overvalued in terms of PE ratio, price to book ratio and technically also. We believe there will be a correction of 1,000 to 4,000 points from the top. If we see a good outcome in the election, there could be a short-term spike in the market. So, whatever is the top for the market, from there we see a correction of 1,000 to 4,000 points. We can see froth all over – in midcaps, smallcaps and largecaps also, although largecaps are already correcting. So, we are creating short positions in the market on the rise.” What is your view on the market right now? How would you trade in Nifty, Bank Nifty? What is your positioning? Or are you sitting out right now? Aditya Arora: We are positioned in the market, preparing for a 1,000-4,000 point of correction in Nifty post election. The reason is that a lot of people have priced in great growth in markets post election expecting the BJP government to come back to power. If you look at PE multiples of various stocks and sectors, then it is touching sky high levels.

third phase of voting commenced for 18th Lok Sabha polls on Tuesday, Prime Minister Narendra Modi on casted his vote at Nishan Higher Secondary School in Ahmedabad, Gujarat. The Prime Minister was welcomed by Union Home Minister Amit Shah when he arrived at Nishan Higher Secondary School. «Today is the third phase of the Lok Sabha elections. I appeal to everyone to cast their vote in this democracy. The election campaign will run for three to four weeks more. I always cast my vote here in Gujarat. (Union Minister) Amit Shah is contesting the election from here as a BJP candidate. I came here yesterday from Andhra Pradesh and need to go to Madhya Pradesh, Maharashtra, and Telangana (today),” said PM Modi after casting his vote. Along with rising temperature in the country, PM Modi urged the voters to drink more water. „It will be good for your health and will also give you energy...,“ said the PM.

Pro-Palestinian protesters that had been blocked by police from accessing an encampment at the Massachusetts Institute of Technology on Monday broke through fencing, linked arms and encircled tents that remained there, as Columbia University canceled its university-wide commencement ceremony following weeks of pro-Palestinian protests. Sam Ihns, a graduate student at MIT studying mechanical engineering and a member of MIT Jews for a Ceasefire, said the group has been at the encampment for the past two weeks and that they were calling for an end to the killing of thousands of people in Gaza. «Specifically, our encampment is protesting MIT's direct research ties to the Israeli Ministry of Defense,» he said.

Lok Sabha Elections 2024 began on Tuesday morning in 93 constituencies across 11 states and Union Territories (UTs). In Maharashtra, Deputy Chief Minister and Nationalist Congress Party leader Ajit Pawar cast his vote at Gangubai Kate Zila Parishad Prathamik school, booth no. 224 Katewadi at Baramati constituency. Baramati is witnessing a star-studded fight in these elections. Deputy CM Ajit Pawar's wife Sunetra Pawar is the candidate of the BJP led Maha Yuti alliance while his sister Supriya Sule is the Maha Vikas Aghadi candidate. The constituency is considered to be the pocket borough of the Pawar family with Sharad Pawar having represented it multiple times after first being elected to the seat in 1984. However, with a fight within the Pawar family, this seat has become a symbol of the larger fight in Maharashtra. Speaking to reporters after casting his vote the Maharashtra Deputy CM Ajit Pawar said that the elections are for the development of Baramati and other constituencies in Maharashtra.

electric cycle maker EMotorad, in which cricketer Mahendra Singh Dhoni invested an undisclosed sum last month, is set to complete the phase-1 build of its factory at Ravet, Pune. The 2,40,000-sq. ft. facility, scheduled to be inaugurated on August 15, will have the capacity to make 500,000 million e-cycles, founder and CEO Kunal Gupta told ET. It will also employ 300 more people, from the current 50, by then, he added.

Tech giant Google has issued a warning to all advertisers to refrain from posting any content which has vulgarity developed using deep fake technology. Deep fake technology involves using Artificial Intelligence to morph images or videos of individuals and also voice over. It is mostly used to outrage the modesty of individuals, influence electoral outcomes and positively used in the entertainment industry, as per a report on New York Post. In this particular case, Google has come out with a new policy wherein advertising content which promotes vulgarity using deepfake technology or even those that advertise methods to create vulgar ads using deep fake technology will be taken down by the tech giant.

Eight months ago, life was good for Kavish Kataria, the 33-year-old former SocGen vice president at the centre of the French bank's latest trading brouhaha. Based in Hong Kong on the delta one desk, Kataria says he made $50m in profits in 2023 through to September. He was expecting a $1m bonus and was scheduled to move to Singapore with the bank.

Ontario Provincial Police are investigating reports of an illegal online gambling operation targeting youth in the city of Orillia after students reported being threatened over money they owed.

Doctors are rallying around an audacious goal: eliminating a cancer for the first time. Cervical cancer rates in the U.S. have dropped by more than half since the 1970s.

Americans say they are happy at work. Are they really? When asked how they feel overall about their jobs, most U.S. workers are positive, with 62.7% saying they are satisfied, according to new survey data from the Conference Board, a business-research group.