Schools Financial News

Spacetech startup Digantara, which focuses on space situational awareness, said it has raised $2 million from Aditya Birla Ventures and SIDBI Venture Capital, the venture capital arms of Aditya Birla Group and the Small Industries Development Bank of India (SIDBI), respectively. The latest capital infusion marks the final close of the Bengaluru-based startup’s Series A stage of funding at $12 million. In June 2023, Digantara had raised $10 million led by Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).

Kaustubh Gupta, Co-Head – Fixed Income, ABSL AMC, says “post Covid, change has become even more pertinent, in the sense that for the first time, the uncertainties on economics, geopolitics, fiscal response and the impact of monetary policy response is paramount and which is why at least as far as the global platform is concerned, we are living in a little bit of uncertain, uncharted territory which opens both opportunities for India and threats for India. On global economy & India’s position in it Kaustubh Gupta: We think that we have this ability to predict the future, but we are living in a bit of an uncertain environment. So, when Dr Krugman and Larry Summers were on opposite sides last year and what actually played out in 2023 was in nobody’s radar. The global economy was expected to slip into recession because of the unprecedented rise in interest rate, but 2023 turned out to be a lot more resilient.

Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high interest rates and rising inflation, compelling them to keep a lid on costs.

Phone spoofing, also referred to as caller ID spoofing, is a tactic employed by scammers to deceive individuals into picking up their calls. Through the utilization of software or hardware, scammers manipulate the caller ID to display a different number, often one that belongs to an unsuspecting individual. This fraudulent practice poses challenges for both the legitimate owner of the spoofed number and the unsuspecting recipients of the scam calls, as per a Fox report. If one suspects that his/her phone number has been spoofed, there are steps user can take to address the situation before it escalates. First, assess whether your phone number has indeed been spoofed. Next, investigate how scammers gained access to your phone number. If your number has already been spoofed, follow specific steps to mitigate the impact. Finally, take measures to prevent scammers from spoofing your phone number in the future.

The White House earlier Wednesday announced an executive order intended to help restrict the transfer of personal data to China, Russia and other countries on security grounds.

₹2,000 crore revenue, it is still in search of newer growth areas. “Online will continue to drive our business as currently around 55% of the business still comes from selling online courses. We are also betting big on the physical centres and phygital is the way forward," Maheshwari said.

New York Post columnist Rikki Schlott on young professionals fleeing Democrat-run states and legacy admissions at Ivy League schools.

Anant Ambani, the youngest scion of the esteemed Ambani family, is gearing up for his wedding to Radhika Merchant in July this year. Preceding this grand occasion, the Ambani family is orchestrating a three-day festivity at the Reliance Greens complex in Jamnagar, sparking a wave of excitement across the town.

RBI) has released a detailed framework for a ‘regulatory sandbox’ which will provide a safe and protected environment for innovative fintech startups to test their product hypothesis before taking it to the market. In a note released on Wednesday, the central bank said a sandbox environment allows the regulator to engage with startups and “develop innovation-enabling or innovation-responsive regulations that facilitate delivery of relevant, low-cost financial products”. The sandbox will be supervised by the fintech department of the RBI.

Congress MLA, Vikramaditya Singh, who resigned from his ministerial post today, said that it is for the Congress party's high command to decide on the future course of action. While replying to questions on his next move, Singh said, “it is for the party’s high command to decide on the future course of action." «I never was under pressure during my ministerial position; I am the one who creates pressure,” he added.

BITS Design School (BITSDES) will move within a 63-acre university campus in the Mumbai Metropolitan region for which Rs.1500 Crore investment is being made. Mumbai, 15 February 2024: BITS Pilani, one of the first private universities to be awarded the status of ‘Institution of Eminence’ by the Government of India, today announced a foray into Design Education with the launch of BITS Design School (BITSDES). The future-focused design school is modelled on top global design institutes and is being set up in Mumbai.

Is artificial intelligence blowing a bubble? Probably not, but the rally is still risky. Nvidia has become the undisputed leader in a stock market powered by AI hopes. Valuations are lofty for both the U.S.

PTI. Mittal receives a KBE under the Most Excellent Order of the British Empire – one of the highest honours conferred by a British monarch., according to the list of honorary British awards unveiled by the UK Cabinet Office, The 66-year-old entrepreneur said in a statement that he was ‘deeply humbled’ by the gracious recognition from King Charles. “The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration.

Private equity firm Lighthouse Funds, which has backed consumer brands such as Bikaji Foods, Wow Momos and Nykaa, has invested Rs 284 crore (around $34 million) in fashion and silver jewellery brand Kushal’s. The investment round also includes a secondary buyout, allowing a partial exit for Kushal’s first institutional investor, India SME Investments.

Zvolv, a hyper-automation company with operations across India, US, MEA and ANZ, raised about $2 million from Silverneedle Ventures, along with participation from existing investors, JSW Ventures. Launched in 2018 by former employees of Apple and Texas Instruments Hardik Gandhi and Sujoy Chakravarty, Zvolv is a player in the LCNC (low-code/no-code) hyperautomation space in India.

National Company Law Tribunal (NCLT) on Wednesday told Byju’s to respond to two separate insolvency petitions filed against the troubled edtech firm by US lenders and the Board of Control for Cricket in India (BCCI). In the first matter, the Bengaluru bench of NCLT provided Byju’s parent Think & Learn three weeks from now to file its objections to a petition filed by Glas Trust Company LLC, the administrative agent appointed by a group of lenders that had extended a $1.2-billion term loan B to its US subsidiary Alpha Inc to collect the debt under the guarantee agreement.

Microsoft co-founder Bill Gates visited the tech giant's India Development Center (IDC) in Hyderabad, the company said. Gates addressed some of India's brightest engineering minds at the IDC, Rajiv Kumar, managing director, Microsoft IDC, and CVP, experiences + devices India said as he shared Gates' «optimism over the opportunity for an AI-powered India». «History comes full circle as philanthropist and Microsoft co-founder Bill Gates paid a visit to the Microsoft India Development Center (IDC)...a center of innovation he envisioned in 1998,» the company said in a note capturing Gates' Tuesday visit.

India’s position remained unchanged at 42 at the International IP Index 2024 compared to 2023, with no change even on the index score which stood at 38.64% since 2022, the US Chamber of Commerce said in a report released on Wednesday. The index ranks 55 countries on their intellectual property (IP) regime. The top countries on the index were the USA (95.48%), UK (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).

Tech Mahindra on Wednesday said it has signed a Memorandum of Understanding (MoU) at the Mobile World Congress (MWC) 2024 with Taiwanese electronics manufacturing major Pegatron to develop private 5G solutions for global enterprises. The company said the partnership between the organizations would explore «mutually beneficial opportunities» in the fast-growing private 5G space. It said it will leverage purpose-built private 5G product portfolio marketed under Pegatron's 5G business unit, coupled with Tech Mahindra's work in large-scale 5G transformations, to provide end-to-end 5G for Enterprise (5G4E) solutions for global enterprises and manufacturing customers.

Mahesh Patil, CIO, ABSL AMC, talking to ET Now at the sidelines of ABSL Voyage 2024, says “the theme of our event is Dominant Bharat. If you really believe that Bharat is going to be the third largest economy in the next seven years, and the GDP is going to grow at 7% plus, then you will see a lot of opportunities emerging. Corporate India growth has been very strong in the last two years and will continue to grow at a double digit rate. If that is the case, then while markets might consolidate a bit in the near term because of the huge outperformance, you will still make the long-term returns the markets have given.” 30 years of wealth management, 30 years of superlative CAGR returns. They say good news and good prices rarely come together. Right now, the news is great. But when the news is great, prices are bad. What is the way forward? What should be the message from Birla AMC? And what should be the takeaway for them? Mahesh Patil: Yes, good morning and welcome to this voyage event. I think we have been through this occasion and we have been trying to put forward our views. Okay, every time we come, okay, and talk over here, we are always worried. The market has reached a peak now. That is a common question which is there. But you are right, Last one year has been unprecedented. The kind of returns that we have seen and the market has been climbing the wall of worry.

Vikramaditya Singh, resigned from his ministerial post, deepening the crisis for the Congress-led government in the state, a day after it lost the Rajya Sabha elections to the Bharatiya Janata Party (BJP) despite having a clear majority. Singh said he quit because the voices of MLAs were being stifled in the Sukhvinder Singh Sukhu-led Congress government for the last one year. Vikramaditya Singh was born on October 17, 1989, to the royal Rajput family of the princely state of Bushahr.