Schools Financial News

NITI Aayog is absolutely wrong. NITI Aayog is not an independent organization, it is the cheerleader of PM Modi.

Amit Chadha, MD & CEO, L&T Technology Services, says “I would like to confirm to you that the highest growth that we have had in the last two quarters has been from Europe. Our North America region has also grown in both these quarters and then has been ROW. And I would like to confirm that that is the case for quarter three as well.” Let us begin by talking about the overall growth rate because that has slowed from the 6% plus that we saw per quarter 8 to 9 quarters ago to about 1%. Are you confident that this is the bottom and hence a sharp reversal can be seen in Q4? Amit Chadha: You want to do the math and you look at 17.5% to 18.5%, you will realise the asking rate is about 4%. I am confirming to you that Q4 will be a good quarter and that is how we are reaffirming our guidance. And I have confidence based on the deals that we have won, based on some of the deals in play that we will be there as we move forward. I am extremely excited about the kind of opportunity that exists for engineering services with India Inc. globally. So I am fairly comfortable at this stage.

Social media platform Medial App has raised $120,000 in a pre-seed funding round led by FirstCheque VC, with participation from angel investors including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal and others. With a beta-stage user base of over 5,000, Medial is set to launch by the end of January 2024 officially.

New York City, after an unprecedented 700-day hiatus, saw its first measurable snowfall on January 16, ending a historic period without substantial snow. Central Park, a significant location in the city, reported a layer of snow, breaking the previous record of 400 days without considerable snowfall set in 1998, according to The New York Times. This exceptional absence of snow began after Central Park recorded 1.6 inches of snow on February 13, 2022. The National Weather Service confirmed an inch of snowfall at Central Park since midnight, with a total of 1.4 inches since the storm's onset on Monday.

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says My reading is that selling abates and as the company stabilizes, as the numbers stabilize, we will see institutional appetite returning. Remember, merger synergies have not yet kicked in. Without merger synergies kicking in, HDFC Bank is doing around 1.9% ROA. If that trickles up to 2% ROA, assume gearing of nine times. We are looking at an 18% ROE bank, even without meaningful merger synergies kicking in. And an 18% ROE bank growing consistently at 20% at this scale, we do not have too many other lenders operating on this scale, at this level of profitability anywhere in the world. When HDFC bank falls by 5%, that has to be the first question. Saurabh Mukherjea: It tells you a lot about the world that a bank of this scale can report 20% growth in loan book, improvement in asset quality and still fall 5%.

Accenture, Tata Consultancy Services (TCS) and Infosys continued to boost their brand value despite tepid growth environment and the disruption owing to newer technologies. The three IT giants topped the charts of IT brands according to the Brand Finance 2024 report.

Also Read | Noida, Greater Noida schools shut till January 14 up to Class 8 due to cold wave The main rituals of the Pran Pratistha, led by a team of priests headed by Lakshmikant Dixit, will take place on January 22. A notable highlight is the presentation of revered Ram Raj soil from the temple, serving as a memento for guests. This sacred gift, symbolizing divine grace, can enhance the spiritual ambiance in home gardens or flower pots.

BEIJING — China has resumed reporting the unemployment rate for young people.

Pawan Passi is no longer in the room, and he will not be coming back for a while.

OpenAI's CEO Sam Altman on Tuesday said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected. Speaking at a Bloomberg event on the sidelines of the World Economic Forum's annual meeting in Davos, Altman said the silver lining is that more climate-friendly sources of energy, particularly nuclear fusion or cheaper solar power and storage, are the way forward for AI.

Artificial intelligence lab OpenAI is forming a new team to create democratic processes to shape how its AI software should be governed to address bias and other factors, the Microsoft-backed company said in a blog post on Tuesday. The «Collective Alignment» team is a continuation of the work of a grant program for funding democratic process experiments that was announced in May 2023, the San Francisco-based firm said. The program wrapped up recently.

Hutchinson dropped his long-shot bid for the Republican presidential nomination on Tuesday, ending a candidacy that served as a throwback to an earlier era of the GOP but ultimately failed to resonate in a party now dominated by Donald Trump. Hutchinson's exit came a day after he finished sixth in Iowa's leadoff caucuses, well behind Trump and other top rivals but also behind Ryan Binkley, a pastor who failed to qualify for any of the debates. Hutchinson was the last GOP candidate remaining in the race who was willing to directly take on Trump. «I congratulate Donald J Trump for his win last night in Iowa and to the other candidates who competed and garnered delegate support,» Hutchinson said in a statement. «Today, I am suspending my campaign for President and driving back to Arkansas. My message of being a principled Republican with experience and telling the truth about the current front runner did not sell in Iowa.»

CCI on Tuesday cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram General Insurance Company Ltd. Shriram General Insurance Company is a joint venture between Shriram Capital and Sanlam Ltd (South Africa). It is an Irdai-licensed company, offering a wide range of general insurance solutions.

Winzo on Tuesday said it has launched the 'Bharat Tech Triumph' initiative which is aimed at enhancing the global export of culturally relevant games and related technology originated in Bharat. The company said this program focuses on nurturing homegrown startups by providing crucial resources for growth such as offering a global platform and access to FDI.

Mallikarjun Kharge hit out at the Narendra Modi-led BJP government for pushing the country's startup entrepreneurs, creative people and jobless youth “to the wall.” On the eve of National Startups Day, Kharge took to social media platform X and said the government’s Startup India initiative has become a vehicle to garner publicity for Prime Minister Modi as it has miserably fallen short on delivery.

Edtech startup Unacademy has appointed Pratik Dalal as CFO of its offline centres business, CEO Gaurav Munjal told employees in an internal memo on Tuesday. Dalal was most recently heading business finance at Cred, prior to which he was VP of business finance at Flipkart.

Patna till class 8 to remain closed till January 20. Earlier, the district administration in four districts, including Patna, had ordered the closure of all government and private schools for students up to Class VIII until January 20 due to the cold wave sweeping the state.

GPT Store last week, ChatGPT maker OpenAI — the world’s third-most valuable startup — has become not just a provider of generative artificial intelligence (AI) models but also a platform that hosts them. What is 'GPT Store' and how does it change things? What is a GPT Store? GPT Store is like a mobile application store or marketplace, but for AI applications similar to the popular chatbot ‘ChatGPT’.

Binance Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said on Tuesday. The exchange, Gulf Binance, is a joint venture between Binance and Thailand's Gulf Innova that will serve as an exchange and brokerage platform allowing users to buy and sell digital assets with local currency pairings, according to a statement.

Donald Trump decisively won the Iowa caucuses on Monday with his closest rivals languishing far behind, a crucial victory that reinforces the former president’s grip on his party at the outset of the GOP’s 2024 nomination fight.It was not immediately clear who would emerge as the second-place finisher, Florida Gov. Ron DeSantis or former U.N.

₹1.12 lakh crore against FY 2022-23 budget allocation of ₹1.04 crore. FY 2023-24 budget included ₹68,804 crore allocation for school education, ₹44,094.62 crore allocation for higher education and ₹37,453 crore allocation for the Samagra Shiksha Abhiyan (SSA). Here are some suggestions from experts, from investments in skill development to infrastructure ahead of elections.