Schools Financial News

State Bank of India has invested Rs 714 crore in New York headquartered TCG Urban Infrastructure, who is developing world trade centre in Gurugram with one million sq ft of leasable space. The total cost of the project is expected to be Rs 1,211 crore of which Rs 497 crore has been invested by the promoter, according to documents accessed through CRE Matrix, a real estate data analytics firm.

Anil Gupta, Sr VP & Co-Group Head-Financial Sector Ratings, ICRA, in conversation with ET Now on RBI proposal for tighter project finance rules. Gupta says “given the market reaction, there could be a case where maybe more clarification will emerge as to whether 5% provision requirement is on the entire under-construction portfolio of the lenders or not. Our reading is that it is only for the cases where the project is under construction and has sought a DCCO extension. If that clarification comes, it should not be really negative for the sector because it is only a positive from the balance sheet perspective of the lenders that you are taking care of the risk which has gone up because of DCCO extension. It should not be negative for the credit flow. Seeing the implication of the RBI proposal for tighter project finance rules play out on the likes of an REC and PFC, gives us a sense of the negative implication for such Anil Gupta: Basically, the regulation which has come out is harmonising the guidelines which were there for banks and NBFCs earlier. For example, today if a project defers its DCCO and that deferment is within a period of two years, the standard asset provisioning norm for a bank is 0.4% and for an NBFC it is 0.25%. Now what this circular is saying is that even if there is a deferment of DCCO within a period of two years, because there have been some deterioration in the project fundamentals, the standard asset provisioning should increase to 5%.

merit lists for Class 10 and 12 exams from this year to avoid unhealthy competition among students, board officials said on Monday. The results for CISCE Class 10 and 12 board exams were announced Monday morning in which the pass percentage saw a marginal increase from last year. «We have discontinued the practice of issuing merit lists for board exams from this year. The move is aimed at avoiding unhealthy competition among students,» CISCE Chief Executive and Secretary Jospeh Emmanuel said. The CBSE had last year stopped the practice of announcing merit lists for the both these board classes.

«We are always going to have an exposure to new energy vehicle companies because a lot of innovation comes from those companies but there are some volatility issues that we have to grapple with and I think we have successfully done that in the context of the last fiscal year. So, we are very pleased with FY24 and the solid finish to the year that we had in Q4,» says Warren Harris, CEO & MD, Tata Tech. What has led to the revenue softness in the fourth quarter, especially the services segment for you? I would challenge the perception that growth has not been strong. If we look at the full year, we grew our business by 15.9% in Indian rupees. If we look at services specifically, we grew over 13%. I signalled in January that we had some runoff at VinFast as we transitioned from the completion of our engineering work to launch support.

«Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,» says CK Venkataraman, MD, Titan Company. If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of the view that for Titan it is an okay quarter, it is not like a grand quarter. Perhaps, they were expecting a bit more. They are of the view that gold prices and competition has increased which in a sense was the problem point for Titan for the quarter gone by and could linger along for next couple of quarters. Is that true? Actually, we have certainly been investing a fair amount in growth. Growth has been our focus mantra for a while. And yes, the kind of sales growth that the quarters saw and what was announced also a few weeks back, the margin growth, I guess was not in line with that expectation.

TN 12th results. Approximately 7.25 lakh students appeared in the Class 12 board exams conducted in March this year. Official websites to check results: tnresults.nic.in or dge.tn.gov.in.

Tamil Nadu School Education Department is all set to announce the TN HSE Plus Two or Class 12 board examination results for the year 2024 today, May 6. With approximately 7.25 lakh students appearing for the exams in March this year, the department has made all necessary preparations for the results' declaration. How to Check TN HSE +2 Results 2024

space sector will help attract foreign players as well as startups and will boost demand for high-tech jobs, experts say. The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The provisions were notified last month.

Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become «the growth industry of all time.» Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of AI. And it looked and sounded just like him. Someone made a fake video of Buffett, apparently convincing enough that the so-called Oracle of Omaha himself said he could imagine it tricking him into sending money overseas.

Indians are one of the largest leaders of innovation in Silicon Valley and America's tech industry cannot survive without them, the CEO of the Silicon Valley Central Chamber of Commerce has said. «I don't have the new figures, but what matters is that we (Indians) are such impactful contributors,» Harbir K Bhatia told PTI in an interview.

Murshidabad constituency. They are ghost villages, with hardly any youth left to even bury the dead. 80-90% of the men from Raninagar, Jalangi and Domkal assembly segments under Murshidabad constituency are in Kerala, Karnataka, Hyderabad and Maharashtra where they work as migrant workers. Lack of employment opportunities have forced most of the young to middle-aged men to head South for better wages. Hasibul Rehman from Murshidabad's Jalangi has visited Kerala twice for work and worked as a labourer in a factory. He has not gone to school but is the sole earner in his family in Sahebrampur village of Murshidabad constituency which goes to polls on May 7 in the third phase. Abdus Sabur, a middle-aged man, who frequented Kerala from mid 1990s to 2005, now runs a truck business in Jalangi's Naccherpara. «You will not find a single household from where the men have not visited Kerala. They do all sorts of jobs as daily labourers — lifting soil, cutting ponds, construction work, plumbing, coconut picking and even cleaning drains. Most of the men from Jalangi are in Kerala,» Saber told ET.

NEET exam centre in Rajasthan on Sunday led to some candidates walking out with the papers, the National Testing Agency (NTA) said, claiming the integrity of the examination process was not compromised. The exam was later reconducted for the 120 affected candidates at the centre, said Sadhna Parashar, Senior Director, NTA. According to NTA sources, some candidates were distributed question papers in languages other than their choice of medium which prompted them to walk out of the centre. «During NEET-UG examination, it came to attention that at one exam centre, Girls Higher Secondary Model School, Mantown, Sawai Madhopur, there was an incident of incorrect distribution of question papers by the centre superintendent. Despite efforts by invigilators to prevent it, some candidates left the exam centre with the question papers,» Parashar said.

Arvind Kejriwal's wife Sunita on Sunday alleged he was put in jail before the elections to «stifle» his voice and urged people to vote against «dictatorship» when the national capital goes to polls on May 25. Sunita held her third roadshow in the national capital in south Delhi in support of AAP candidate Sahiram Pahalwan on Sunday. She said her husband was put in jail since he built good government schools, mohalla clinics and promised to give Rs 1,000 to every woman in Delhi. «He has put in jail just before polls to stifle his voice. Dictatorship is at its peak. Please save this country. Please cast your vote irrespective of the heat,» she added.

ICSE ISC Class 10th, 12th Result 2024 Live Updates: The Council for the Indian School Certificate Examinations (CISCE) is all set to announce the 2024 results for ICSE ISC Class 10th and 12th students on May 6. The students are anxiously waiting for the results of the CISCE Board examinations, which concluded on March 28 for Class 10 and April 3 for Class 12.

OpenAI's ChatGPT AI-powered chatbot and Meta's Llama system, which powers the company's chatbots across Facebook and Instagram. The technology behind these systems is known as a large language model (LLM). These are artificial neural networks, a type of AI designed to mimic the human brain. They can generate general purpose text, for chatbots, and perform language processing tasks such as classifying concepts, analysing data and translating text. They acquire these abilities through an intensive process known as training, where the AI system is exposed to vast amounts of data in an effort to improve what it does.

The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust

Pravaig Dynamics has made offers to Tesla interns, who saw their offers getting revoked weeks before their start date, inviting them to join the Silicon Valley of India that will recognize and appreciate their talents. Tech billionaire Elon Musk's latest cost-cutting victims are summer interns with his flagship Tesla Inc, rescinding offers just weeks before internships were to start. As several aspiring employees took to LinkedIn to express anguish at not being left with enough time to find replacement gigs for the summer, Pravaig offered help.

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn said in a statement that this year's second quarter «remains a traditional off-peak season, and major products are entering a period of transition between old and new products».

treat children has a deep impact on their minds throughout their lives...I will never forget that day in school. I was not a juvenile delinquent when my hands were caned. I was learning the craft and didn't bring the right-sized needles to class for the assignment," CJI Chandrachud said.

protesters who refused to remove tents from campus, and demonstrators at the University of Michigan chanted anti-war messages and waved flags during commencement ceremonies. In Virginia, student demonstrators began their protest on a lawn outside the school chapel Tuesday. On Saturday, video from WVAW-TV showed police wearing heavy gear and holding shields lined up on the campus in Charlottesville. Protesters chanted «Free Palestine,» and university police said on the social platform X that an «unlawful assembly» had been declared in the area. As police moved in, students were pushed to the ground, pulled by their arms and sprayed with a chemical irritant, Laura Goldblatt, an assistant professor of English and global studies who has been helping student demonstrators, told The Washington Post.

Strider robotics [reviously chirathe robotics] Strider Robotics develops highly agile legged robots that can navigate on rough and uneven terrains effortlessly. It fuels the possibilities of robots that can operate with mobility capabilities like in animals. The company imagines a future where these robots work alongside humans, tackling dangerous, dirty and dull tasks. Currently, it is honing a quadruped robot platform. The goal is to enhance its durability and equip it with a wider range of behaviours for practical applications.