Schools Financial News

DLG) to investors, as it furthers scrutiny on the digital lending sector. The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and LendenClub.

revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand. Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.

RBI) has cautioned banks about gold loan disbursals being made through fintech startups, according to people familiar with the matter. The central bank has flagged “concerns with the evaluation process” by these banks and fintechs, especially in cases where the gold is sourced through field agents of companies, one of the persons said. “The regulator has verbally expressed its concerns to a set of banks regarding this and asked them to take corrective actions immediately,” said another person. Rupeek, IndiaGold and Oro Money are a few of the major players that source gold loans for banks.

Netflix, Prime Video are offering new movies for their viewers. Cinephiles will be able to enjoy films on the OTT streaming giants. These movie are 'Unfrosted', and 'The Holdovers'. Jerry Seinfeld has been very picky about his post-'Seinfeld' projects, but the comedian stars in, co-writes and directs the new Netflix comedy 'Unfrosted' (streaming Friday). The film, an origin story for the Pop-Tart, is as stocked with comic talent as it is ridiculousness. Melissa McCarthy, Jim Gaffigan, Amy Schumer, Hugh Grant and many others co-star in Seinfeld’s satire of Kellogg’s and Post in a heated raced to create a new breakfast treat.

Sam Pitroda, a yesteryear technocrat, recently rattled the beehive after he suggested India should consider inheritance tax as a means of income redistribution. Even in the US, the super-rich avoid giving back by setting up tax-free trust funds for inheritance. In India, where tax evasion is both endemic and high, tax harvesting for distribution of wealth can only come from a highly incentivised low-tax regime with high volumes of taxpayers, for whom gains from paying up outweigh pains of evasion. In a 2001 IMF paper, 'Tax Policy for Developing Countries', Vito Tanzi and Howell Zee wrote, '...the most prevalent forms of incentives found in developing countries tend to be the least meritorious… personal income taxes have been contributing very little to total tax revenue in many developing countries'. More than two decades later, this is still true. Worse, personal income-taxpayers in India live in an abnormal environment of taxation where they get next to nothing for compliance and good citizenry. Sure, it can be argued that they get roads, utilities and other infra. But these are delivered to all citizens, including those who systematically evade taxes, giving honest taxpayers only the advantage of a good conscience.

Uttarakhand Board exam results were declared on Tuesday. Piyush Kholia of Almora and Kanchan Joshi of Haldwhave jointly secured the highest marks in the intermediate examination by securing 97.66 per cent marks, while Priyanshi Rawat topped the Class 10 securing 100 per cent marks. Rawat scored a perfect 500 mark out of 500, while Kholia of Almora scored 488 out of 500 marks. Priyanshi said, «I stopped going to any function for the High School examination for a year and kept focus on my studies. During this time my parents, teachers, and uncle also helped me a lot in my studies. I did not study more than 3-4 hours but I did it consistently.»

newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their generative artificial-intelligence systems. The eight newspapers, owned by hedge fund Alden Global Capital's MediaNews Group, said in the lawsuit that the companies unlawfully copied millions of their articles to train AI products, including Microsoft's Copilot and OpenAI's ChatGPT.

fintechs and law enforcement agencies on steps to foster strong collaboration and address key challenges such as cybersecurity and digital financial fraud. Some key issues that were discussed in a workshop held by the finance ministry on Tuesday included the creation of a suspicious registry of banking correspondents and fraudsters involved in financial fraud and the geotagging of digital transactions to track the money trails.

All parents face a common challenge pertaining to investment decisions, i.e., how to balance their child’s educational needs and financial goals. As a parent, you want your child to go to a good school and then a premiere college or university for world-class education, which needs a good amount of financial planning to continuously meet expenses on that front. Balancing a child’s education and long-term financial planning requires strategic planning.

Mexico's taking control of its oil from U.S. and British companies is taught in schools and celebrated every year

Grammy-award winning pop star Dua Lipa's third album, “Radical Optimism,” releases Friday

Delhi High Court on Tuesday asked payment app BharatPe's former MD Ashneer Grover not to transfer or create any third-party rights in the shares transferred to him by the company's co-founder Bhavik Koladiya. Justice Prateek Jalan passed the interim order on a lawsuit by Koladiya seeking to reclaim the shares he transferred to his erstwhile colleague. The judge opined that the plaintiff, Koladiya, made out a prima facie case for the grant of such an injunction as he would suffer irreparable loss and prejudice if third-party rights were created in the shares being claimed by him.

Nintee, backed by investors such as Peak XV Partners and Cred founder Kunal Shah, has shut shop as of Tuesday, its founder Paras Chopra said. “Our original hypothesis was to use Al for helping people build better habits to transform their lives. This attracted a passionate niche, but we couldn't build conviction that it could be a VC-scale business,” Chopra said across announcements on X, LinkedIn, and the official website of Nintee.

Wipro Ltd on Tuesday announced that it has been selected by Nokia to overhaul its employee service desk and offer real-time IT support to a global network of employees, in a multi-million dollar deal. Wipro team will build a bespoke AI-powered, cloud-based solution for Nokia's workforce comprising around 86,700 users globally in 130 countries of operations. The solution aims to enhance the employee experience by providing modular, secure, and automated services, Wipro said in a release.

Maharashtra Day, also known as Maharashtra Diwas, is observed on May 1 every year to commemorate the formation of the state of Maharashtra in 1960. It holds great significance for the Marathi people, celebrating the end of the Bombay Presidency and the establishment of Maharashtra's separate identity.

Dinosaurs were «more like smart giant crocodiles» but not as intelligent as monkeys as an earlier study had found, according to new research. In a study published in January 2023, neuroscientist and author Suzana Herculano-Houzel of Vanderbilt University, US, had said that brains of theropod dinosaurs, a species of which is T. rex, had neurons comparable to those in the brains of monkeys and baboons. Dinosaurs like T. rex, or Tyrannosaurus rex, had an exceptionally high number of neurons, «which would make these animals not only giant but also long-lived and endowed with flexible cognition, and thus even more magnificent predators than previously thought,» the author wrote in the study published in the Journal of Comparative Neurology. In the latest research, an international team of palaeontologists, behavioural scientists and neurologists re-examined the brains of dinosaurs, including T. rex, and found them to behave more like reptiles.

IvyCap Ventures, which backed startups such as BlueStone, Purplle and Biryani By Kilo, has announced the final close of its third fund at Rs 2,100 crores. Through this fund, the firm plans to invest in about 25 early-stage startups, with average starting investment amount ranging from Rs 30-50 crore. It has already deployed 40% of the capital from the third fund to startups such as Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz and Flexifyme.

India Meteorological Department forecast, the heat wave conditions across east India are expected to gradually abate from May 1st as schools break for their summer vacation. But the southern regions of the Indian Peninsula are expected to experience heat wave conditions for the next five days. In specific areas like Gangetic West Bengal, Odisha, and Bihar, heat wave conditions persisted over the last few days, with isolated severe heat wave pockets, according to IMD. Additionally, isolated pockets in Sub-Himalayan West Bengal, Rayalaseema, Konkan, interior Karnataka, and Kerala experienced heat wave conditions. Odisha has been facing these conditions since April 15th, while Gangetic West Bengal has been affected since April 17th. On Sunday, maximum temperatures soared to 42-45°C in parts of Odisha, Gangetic West Bengal, and Rayalaseema. In East Uttar Pradesh, Bihar, Jharkhand, Marathwada, Madhya Maharashtra, North Interior Karnataka, and Telangana, temperatures ranged from 40-42°C. Certain areas in Vidarbha, Coastal Andhra Pradesh & Yanam, and isolated pockets of Chhattisgarh and Gujarat also experienced high temperatures. These temperatures were 4-8°C above normal in many parts of Bihar and Gangetic West Bengal, as well as in some parts of Sub-Himalayan West Bengal and isolated pockets of north Odisha.

Admiral Dinesh Kumar Tripathi, who specializes in communication and electronic warfare, took charge as the 26th Navy chief in New Delhi on Tuesday following the retirement of incumbent R Hari Kumar. Admiral Tripathi, an alumnus of Sainik School Rewa, was previously serving as the Vice Chief of the Naval Staff before assuming command of the force. Admiral Tripathi was born on May 15, 1964 and joined the executive branch of the Indian Navy on July 1, 1985. He is a specialist in communication and electronic warfare, and has served with distinction for almost 39 years.

$1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie" Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them.

South Korea’s opposition leader has pressured President Yoon Suk Yeol to accept special investigations into allegations involving top officials and his wife, as they met for talks on bipartisan cooperation