Schools Financial News

Newme, on Wednesday told ET that it has raised $5.4 million (Rs 45 crore) in a seed funding round led by Fireside Ventures. The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the past raised an undisclosed round of funding from investors such as Aum Ventures, 2am VC and All In Capital, all of whom have participated in the current round.

By Dietrich Knauth

The mother of an intellectually disabled girl has filed a lawsuit against Starbucks, Pittsburgh Public Schools and a property management company, accusing all three entities of negligence in creating the conditions that allegedly led to her daughter be...

Legal online sports betting in North Carolina is poised to begin in March on the eve of the region’s beloved Atlantic Coast Conference men’s basketball tournament

Settlement talks between Raymond group chief Gautam Singhania and his estranged wife Nawaz Modi have collapsed, said people in the know of the development. These sources added that Modi is insisting on her initial demand — seeking 75% of Singhania's reported $1.4-billion wealth for their two daughters, Niharika and Nisa, and herself. She is also seeking custody of their minor daughter, alleging that Singhania has been exerting influence on the two daughters. The couple announced their separation in November 2023.

Mint explains: Last week, the government published guidelines for coaching centres scrapping enrolment of students below 16 years of age—enrolment should only be after secondary school (standard 10) examination. This rule caused worry since India’s coaching industry has become an alternative education channel. Students are enrolled as early as 10-12 years and prepared for engineering, medical and civil service exams.

Xoriant has hired former LTIMindtree executive Mukund Rao as president for global markets, ET has learnt. Based in the US, Rao was the chief business officer of the banking, financial services and insurance (BFSI) vertical at LTIMindtree (with Mindtree before the merger with L&T Infotech) for over four years.

Going to School, a not-for-profit education trust, brought together twenty-three women entrepreneurs from marginalised communities in Mumbai and Bengaluru to present startup ideas that can help address climate change.The initiative, named Pitch It, is akin to the popular show, Shark Tank which involved startups and entrepreneurs pitching their business models before industry veterans to onboard them as investors.With the guidance of the Youth Venture Fund, the project has J.P. Morgan offering support by creating a pipeline of skilled women entrepreneurs and Deutsche Bank providing access to startup grants.

bus ticketing platform AbhiBus said on Wednesday it has seen an 86% month-on-month increase in travel demand to Ayodhya, particularly among Gen Z travellers. The company said the surge reflects a 'significant' trend of enthusiasm and spiritual inclination among the younger generation to visit the Ram Mandir.

₹19,000/sq.ft. (carpet area), Oberoi Realty has sold only 9% of the launched units," said Antique Stock Broking in a report. The brokerage had expected Oberoi to sell around 25% of the launched inventory in Q3FY24.

Anil Rai Gupta, CMD, Havells India, says “Lloyds is improving the margins and that is a sizable part of the overall business. But within Havells, there were massive investments of brand building which will normalise over the next quarter. So we will see improvements in the overall EBITDA margins for the company.”

The market is abuzz that the market fall yesterday was due to selling by foreign portfolio investors (FPIs) to comply with Sebi's additional disclosure norms. Market regulator Securities and Exchange Board of India had in 2023 mandated FPIs holding more than 50% of their Indian equity AUM in a single Indian corporate group or holding more than Rs 25,000 crore of AUM in Indian markets to provide additional disclosures regarding their ownership. Sebi has now offered more time to offshore funds to liquidate their holdings. Sandeep Parekh of Finsec Law Advisors, says “the FPI ownership norm directive is old news. This came in June 2023 and was supposed to be implemented from November 2023 and there is a 180-day period given to comply. So, yesterday's fall has absolutely nothing to do with this old circular. It has to do more to do with transparency. It is not restricting investments. This is just saying that if you are kind of investing large sums in a single group of companies, you come out and tell us who you are.”

A truck carrying 60 tons of liquefied natural gas and a car collided at an intersection in the Mongolian capital, causing a series of explosions that killed three firefighters and injured 11 people

ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West. Net profits came in at 7.8 billion euros ($8.5 billion) for 2023, the firm said in its annual results statement, compared to 5.6 billion euros the previous year.

Narendra Modi salutes the indomitable spirit and accomplishments of the Girl Child on National Girl Child Day, emphasizing the potential of every girl in all sectors. National Girl Child Day is observed to promote awareness about their rights and the importance of female education and health.

“Investors should taper their returns expectation, focus a lot more on the quality of businesses in portfolio and the valuations they command,” says Sahil Kapoor, Market Strategist & Head — Products, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Over the last 3 years, investors have been able to record nearly 20% CAGR returns which are unlike our long-term returns,” Edited excerpts:

Gujarat Police has arrested one more accused, who is the contractor of Kotia Projects, in connection with the boat capsize incident, which claimed 14 lives, including 12 children and injured several, police said. According to the police, the accused has been identified as Vineet Kotia, the contractor of Kotia Projects. With the arrest of the contractor of Kotia Projects, the total number of arrested accused reached seven. Deputy Commissioner of Police (DCP) Panna Momaya says, «The Kotia project is running under Vineet Kotia. He started the main project.

Nazara Technologies on Wednesday announced the acquisition of Comic Con India via its Nodwin Gaming unit. «As part of this transaction, Nodwin Gaming will acquire 100% of the shares of Comic Con India at a valuation of Rs 55 crore through a combination of cash and share swap from the founders of Comic Con India — Jatin Varma and Karan Kalra. They will continue and remain to operate the business as part of Nodwin Gaming,» Nazara said in a statement to bourses.

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

cloud kitchen segment in India to maintain the pace of revenue growth seen in the past. The earnings reports of the first two quarters of listed restaurant and food companies point to a broader trend of sluggish growth amid macroeconomic headwinds.