Schools Financial News

Elevation Capital, the largest institutional shareholder in One 97 Communications-- owner of digital payments brand Paytm-- is staring at a massive erosion in the worth of its holding, amid a free-fall in the shares of the beleaguered company following the regulatory ban on its payment bank operations that comes into effect on March 15. The Ravi Adusumalli-led fund’s 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore at the end of trading on Thursday.

Investors in edtech firm Byju’s parent Think & Learn Pvt. Ltd who have called today’s extraordinary general meeting (EGM) have raised concerns over the management's failure to enforce the company’s rights related to the acquisition of Aakash Educational Services Ltd (AESL), besides agreeing to “onerous” and “prejudicial” loan terms with Davidson Kempner (DK), among other matters. They have demanded the ouster of founder Byju Raveendran and his family from leadership roles in the edtech firm, accused the company of keeping stakeholders in the dark, asked for details regarding investigations by federal agencies and want to know the terms being offered to any new investors.

Florida is on the verge of passing one of the nation’s most restrictive bans on minors’ use of social media

bidders are queueing up for the debt-laden Rolta India after the National Company Law Tribunal (NCLT) allowed Patanjali Ayurved to submit a late bid for the company. Welspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact, the Mumbai bench of the NCLT gave all new bidders time till February 25 to submit a formal expression of interest.

loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has $221.8 billion in loan capacity to fund clean-energy projects. Jigar Shah, director of the energy department's loan program office, told Reuters in Detroit that applications for $80 billion in financing have come to his office within the past two months from «very sophisticated players.»

CBSE) is planning a pilot run of Open-Book Exams (OBE) in selected schools for classes 9 to 12 later this year, according to officials. The idea was floated in the last governing body meeting of CBSE Board in December, 2023. Officials, however, said there is no plan to adopt the format in class 10 and 12 board exams.

The market has been dominated by the magnificent 7, driving key indexes upward in 2023 and 2024. Meanwhile, smaller asset classes, such as small and mid-caps, have struggled due to the high interest-rate environment.

Nvidia inched closer to $2 trillion market value after the bellwether for AI chip demand once again exceeded Wall Street's sky-high expectations, re-igniting a global rally in tech stocks. The chip supplier is set to reclaim its spot as the third most valuable U.S. company as shares surged 13.5% before the bell on Thursday. If gains hold, Nvidia will add more than $230 billion to its market capitalization.

CBSE) is planning a pilot run of Open-Book Exams (OBE) in selected schools for classes 9 to 12 later this year, according to officials. The idea was floated in the last governing body meeting of the Board in December, 2023. Officials, however, said there is no plan to adopt the format in class 10 and 12 board exams. «The CBSE is planning a pilot run of open-book assessments in selected schools, targeting subjects — English, Mathematics, and Science for Classes 9 and 10, and English, Mathematics, and Biology for Classes 11 and 12. The aim is to gauge the time taken by students to complete these tests and gather feedback from stakeholders. »The plan is in line with recommendations made in the National Curriculum Framework. These tests would undergo a pilot phase in schools to evaluate various aspects such as completion time, suitability for formative and summative assessment, and stakeholders' perceptions," a senior board official said.

At a Treasury Committee hearing yesterday (21 February), a trio of economists were quizzed on the role of OBR forecasts ahead of Chancellor Jeremy Hunt's Spring Budget on 6 March. Charlie Bean, professor at the London School of Economics, who has also served as chief economist and deputy governor for monetary policy at the Bank of England and as a budget responsibility committee member at the OBR, said it would be «desirable» to operate the fiscal regime in a way that was less reliant on the OBR forecasts. Nina Skero, CEO of the Centre for Economic and Business Research, agreed, notin...

Students learn the procedures and protocols needed to respond to emergencies.

competes with care for those who have the most severe ones. Start with the idea that mental health has become a catch-all term. The sheer proportions of people who say they have a disorder is a red flag.

Madhya Pradesh government has made a significant decision to introduce 'bag less school' once a week for students in classes 1 to 12 starting from the upcoming academic session of 2024-25. This initiative aims to alleviate the stress faced by students and will be implemented in both government and private schools across the state. The state government has also issued a notice outlining the weight limits for students' school bags based on their respective classes.

UP Board Exams 2024: Over 55 lakh students set to appear for Class 10 and 12 examinations today Sources indicate that during discussions about introducing OBE for CBSE schools, the curriculum committee emphasised the need for high-quality textbooks. The committee also considered the proposal of having teachers take open book exams first to understand the concept, proposing a standard benchmark similar to the Advanced Placement examination in the United States.

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says “Asian Paints and Berger a few months back were the most expensive paint stocks globally. That was because of the resilient performance they have been giving and the growth in the Indian market because paints have been a very steady growth segment. But in the current context where a large player is making an entry, while Asian Paints and Berger would not, die out or lose massive market shares, but some advertising, realignment in incentives to distributors in some credit period and some other similar things cannot be ruled out. If that happens, definitely there could be some breaks in the margins or the earning trajectory in the near term.” What kind of impact are you expecting with the entry of Grasim in the paints space and what are you waiting to hear from the management? Amnish Aggarwal: Paints has been a sector where the entry of new players is not happening for the first time.

Ajay Bagga, Chairman, Elyments Platforms, says “wherever there is a compliance whiff also I think you are best served by sticking to the straight and narrow. If you want to take that kind of risk on smallcaps that is okay, on a 30-stock portfolio you say okay 2% or 5% I will risk on a couple of smallcap stocks but in a centre of plate or large companies to see governance issues or compliance issues, that becomes a very big red flag and especially in India. When you have so many alternatives, why go down that route?” What is happening to the markets? We reached fresh high levels and then this sudden bout of profit booking comes in. Do you think we are close to the top for the year or at least for the first half of the year? Ajay Bagga: Difficult to say that. But I think the big trend is that foreign investors have been selling as a cohort. Within that, there are different types of investors, of course. But FII selling is one characteristic of this market.

CBSE Class 12 board exam today? If yes, then you may need to follow a different route due to traffic congestion on the usual ones. Delhi Police issued a traffic advisory because vehicular movement will remain affected due to the deployment of pickets or checking at various borders of the national capital. The Central Board of Secondary Education class 12 exams are scheduled to begin today, February 22, with the English paper, the common subject for all streams, be it science, commerce, or humanities.

Cisco Systems, which specializes in both networking and security solutions. Daisy Chittilapilly, India and SAARC president, Cisco told ET that as companies seek to monetize investments made in the 5G telecom infrastructure and harness the insatiable appetite for data to drive India’s announced ascent to the top three of the global economic leaderboard, the company expects New Delhi to become a top revenue-generating market for its suite of products and services.

The government of Trinidad and Tobago says it is partnering with international experts to remove the wreckage of a barge that capsized in nearby waters and caused a major oil spill

The South Korean government has warned thousands of striking doctors to return to work immediately or face legal action after their collective walkouts caused cancellations of surgeries and disrupted other hospital operations

Snap Camera India, the local unit of social networking and messaging platform Snapchat's US-based parent company Snap Inc, has reported a 20% increase in revenue to ₹79 crore for 2022-23, compared to ₹65.7 crore in the previous fiscal. According to the financial data obtained from the Registrar of Companies, the company's net profit surged 24% to ₹7.7 crore, as against ₹6.2 crore in the previous fiscal. Expenses went up 20.2% to ₹69 crore from ₹57.4 crore.