Education Archives - Page 4 of 4

Byju’s gives up office spaces across India, mandates WFH amid cash-crunch

Embattled edtech company Byju’s has given up all offices across India, while retaining only its headquarters at IBC, Knowledge Park, Bengaluru. The decision to shut down all its offices in the country is a part of Byju’s India CEO Arjun Mohan’s restructuring plan, said sources. “This has been in works for over six months. The…

Indian student applications for overseas studies drop by 40% in 2024: Oxford Group CEO

Compared to 2023, there is a 40 per cent drop in the number of applications from Indian students wanting to travel overseas for studies, says Lil Bremermann-Richard, Group CEO of London-based Oxford International Education Group “The UK, US, Canada and Australia are going to go slow in inviting applications from foreign students due to elections in…

ICAI to hold foundation and intermediate exams thrice a year

CA Institute, the world’s largest accounting body, has decided to hold its Foundation and Intermediate Course exams thrice in a year. Instead of twice a year in May and November, the exams will now be held in January, May/June, and September. This was decided at a meeting of the Central Council of the Institute of Chartered…

Manipal Universal Press, Springer Nature ink pact for co-publishing books

Manipal Universal Press (MUP), under the Manipal Academy of Higher Education (MAHE), has signed a memorandum of understanding (MoU) with Springer Nature for co-publishing books. Speaking after inking the MoU with Springer Nature, Lt Gen (retd) M.D. Venkatesh, Vice-Chancellor of MAHE, said the partnership with Springer Nature marks a significant milestone for MUP. This is…

Accenture launches learning platform; to acquire edtech Udacity

Accenture has launched Accenture LearnVantage, a technology learning and training services for its clients. The company will invest $1 billion in Accenture LearnVantage over three years and has agreed to acquire educational platform Udacity. Accenture LearnVantage will help clients re-skill and upskill in the areas of technology, data and AI to fill .gaps created by…

Breaking down barriers: Dr Chuck’s efforts to teach computer languages to the most unlikely people

Charles Russel Severance, or Dr Chuck as he is known among computer science educators, believes in taking computer education to the masses. “Any one can learn Python and even be a cab driver, so why not?” he said. He brings about the element of ‘empathy’ to computer education. “One needs empathy. It is all about…

Top US universities explore collaboration opportunities with Indian institutes

Academic leaders from 15 top US universities have visited Mahindra University and the Indian Institute of Hyderabad, exploring opportunities to collaborate in academics and research. “They were looking at integrating India further into their internationalisation goals. Deans from the host university and visiting delegates discussed collaborative opportunities, particularly in student and faculty mobility between the…

Ph.D. Program launched for TN CM’s two-year fellowship program participants

Anna University and Bharathidasan Institute of Management, Tiruchirapalli, have signed an MoU to establish an academic and research partnership between the two institutions. As per the MoU, a Ph.D Program in Public Policy and Management will be offered by BIM and AU, specifically for the Fellows of Tamil Nadu Chief Minister’s Fellowship Program as per…

SIBM Hyderabad wins 7th edition of bl Boardroom Challenge

A trio from Symbiosis Institute of Business Management, Hyderabad, won the 7th edition of the bl Boardroom Challenge. The all-girls team comprised Chinmaye Chorghe, Divya Kathotia and Fiza Setia. The team won ₹1 lakh as prize money. The first runner up was a duo from XLRI Jamshedpur, Ishita Kotian and Ejya Singh Sharma, while the second runner up…

Walmart launches center for tech excellence at IIT Madras

The centre will focus on developing engineering and retail analytics solutions to empower MSMEs Global retail giant and the US-based Walmart Global Tech (WGT) has partnered with the Indian Institute of Technology Madras (IITM) to establish the Walmart Centre for Tech Excellence to empower Micro, Small and Medium Enterprises (MSMEs) in the manufacturing and retail…

Byju’s NCLT proceedings: TLB lenders invoke company guarantee during insolvency hearing

The Bengaluru bench of National Company Law Tribunal (NCLT) has asked embattled edtech major Byju’s to respond to insolvency petitions filed by US lenders and the Board of Control for Cricket in India (BCCI). The NCLT bench has given Think & Learn, Byju’s parent company, three weeks to file its objections to the insolvency petition…

Byju’s to keep proceeds of rights issue in separate account, consider extending closure date: NCLT

The Bengaluru bench of National Company Law Tribunal (NCLT), in its order passed on February 27, has directed edtech major Byju’s that the proceeds from the rights issue is to be kept in a separate account till the disposal of the oppression and mismanagement plea filed by the company’s investors. It has also asked the…

RBI announces Financial Literacy Ideathon

The Reserve Bank of India (RBI) has announced a Financial Literacy Ideathon for postgraduate students, currently enrolled in recognised educational institutions. The students are expected to come up with creative strategies to propagate financial literacy among the youth so as to empower them to engage in responsible financial behaviour and take informed financial decisions. The…

ED renews lookout notice against Bjyu Raveendran in FEMA case

The Enforcement Directorate (ED) has renewed its look out notice against education portal Bjyu’s founder Byju Ravindran in a Foreign Exchange Management Act (FEMA) case against his company, M/s Think & Learn Private Ltd. ED sources said the lookout circular against entrepreneur, investor and educator Raveendran was renewed as the ₹9,362.35-crore FEMA case is pending…

Byju’s EGM: Investors face disruption during meeting

The investors of Think & Learn, the parent company of Byju’s, who called for the extraordinary general meeting on Friday, allegedly faced disruptions when the virtual call commenced around 9 am. According to sources, the meeting began an hour late to complete the roll call and verify attendees as hundreds of individuals attempted to join…

Byju Raveendran, family won’t attend EGM called by investors

Embattled edtech major Byju’s founder Byju Raveendran, and the company’s other board members co-founder Divya Gokulnath and Riju Ravindran will not attend the extraordinary general meeting (EGM) called by a select group of investors on Friday. They are the only board members at Think & Learn, parent of Byju’s. The company called the EGM ‘invalid’.…

IIT-Madras records doubling of patents granted during 2023

Indian Institute of Technology Madras (IIT Madras) recorded a doubling of patents granted during 2023 calendar year. From 156 patents granted during 2022, the number increased considerably to 300 during 2023. In addition, the number of international patents filed (including those granted under Patent Cooperation Treaty (PCT)) also recorded a significant increase, going up to…

Byju’s $200 m rights issue fully subscribed, says CEO Raveendran

Embattled edtech major Byju’s rights issue to raise $200 million has been fully subscribed, Founder and CEO Byju Raveendran said in a shareholder letter. In a letter to shareholders, seen by businesline, CEO Byju Raveendran said, “Our rights issue is fully subscribed and my gratitude to my shareholders remains strong.” However, the founder urged some…

PM Modi dedicates NITK’s hostel blocks to nation

Prime Minister Narendra Modi dedicated three hostels at National Institute of Technology Karnataka (NITK) to the nation on Tuesday. Three hostels, which were constructed with a Budget of over ₹130 crore, were dedicated to the nation via video conference. This event was a part of a larger programme wherein the Prime Minister dedicated to the…

Samsung Innovation Campus launched in Karnataka to upskill 1,100 engineering students

Samsung Semiconductor India Research (SSIR) launched its ‘Samsung Innovation Campus’ programme at the Visvesvaraya Technological University (VTU) to upskill youth in future tech domains such as Artificial Intelligence and the Internet of Things and make them job-ready, the company said in a release. Under the programme, SSIR will train and empower 1,100 undergraduate engineering students…

PM Modi to dedicate six more AIIMS

Prime Minister Narendra Modi will dedicate to the nation five new All India Institutes of Medical Sciences (AIIMS) on February 25, 2024. The institutions, coming up at an estimated cost of ₹6,315.2 crore, are located in Rajkot (Gujarat), Raebareli (Uttar Pradesh), Kalyani (West Bengal), Bathinda (Punjab) and Mangalagiri (Andhra Pradesh). In all 4,040 beds will…

Foreign varsities pose no threat to top rung B-schools: IIM-A Director

Foreign universities looking to set up campuses in India are like a “new fruit” in the market, and pose no threat to top-rung B-schools in India, including the Indian Institute of Management Ahmedabad (IIM-A), says Director Bharat Bhasker, who recently completed a year at the helm of the prestigious institute. In an interview with businessline,…

IIT Madras faculty T Pradeep becomes 23rd Foreign Member from India to be elected to National Academy of Engineering, US

Indian Institute of Technology Madras faculty Thalappil Pradeep has become the 23rd foreign member from India to be elected to the US National Academy of Engineering (NAE). He was elected for his contributions to cluster chemistry and the discovery and implementation of affordable drinking water solutions. He will be formally inducted during the NAE’s annual…

AI solution that fetches answers for students’ queries in their mother tongue

Students studying in their mother tongue in the hinterland don’t get the same kind of access to digital resources that their peers in urban areas get to get their doubts cleared. In order to address challenge, computer engineers at the Indian Institute of Information Technology (IIIT-Hyderabad) have developed a voice-based technology solution that can provide…

IIT Madras, IMU and DCI join hands to launch MTech program on dredging

IIT Madras, the Indian Maritime University, and the Dredging Corporation of India have joined hands to launch an MTech program in Dredging Engineering as there is a dire need for qualified dredging professionals in the country. Also read: IIT Madras & Redington announce alliance to enhance supply chain expertise This is a collaborative exercise. The…

CCPA releases draft guidelines to prevent misleading ads in coaching sector

The Central Consumer Protection Authority (CCPA) has released draft guidelines for prevention of misleading advertisements in the coaching sector for public consultation. Practices such as making false claims about success rates, number of selections or rankings of students in ads or creating false sense of urgency or fear of missing out that may heighten anxieties…

BITS Pilani launches Design School in Mumbai to nurture future-ready professionals

BITS Pilani has forayed into Design Education with the launch of BITS Design School. The future-focused design school is modelled on top global design institutes and is being set up in Mumbai. BITS Design School will uniquely combine Technology, Business, and Entrepreneurship, core elements of the BITS DNA, with the creative arts to nurture a…

Print recruitment exam question papers in govt press to avoid leakages: Gujarat Lokayukta report

Having intiated an inquiry into various complaints of leakage of question papers related to recruitment examinations conducted by Gujarat Subordinate Services Selection Board in the state, Gujarat Lokayukta in a report tabled in the state legislature on Wednesday suggested that all examination papers be printed in government press to “avoid chances of leakage.” The Lokayukta…

ISB ranked ‘top’ B-School in India in FT Global MBA ranking 2024

The Indian School of Business (ISB) has been ranked as the “Top” Business School in India and the 31st globally, in the Financial Times (FT), Global MBA Ranking 2024, released on Monday. Also read:DLabs at ISB launches `Build for Billions’ jointly with RBI Innovation Hub, Union Bank of India  This is a substantial improvement, from its 39th…

United Breweries, Bluestone, Essar Group & Adani Group make highest offers in Cluster-2 of IIMA placements

United Breweries, Bluestone, Essar Group, and Adani Group made the highest number of offers in Cluster-2 of the Final Placement process for the PGP batch of 2024 held at the Indian Institute of Management Ahmedabad (IIMA). Also read: Acenture Strategy makes highest offer at IIMA placements Each of these firms made six offers during the…

Stakeholders call on educational institutes to cultivate human resources for gaming sector

Representatives of the gaming sector, in a panel discussion at ‘Mangaluru Technovanza 3.0’ organised by the Karnataka Digital Economy Mission (KDEM), have said that the educational institutions in the region should focus on imparting domain-specific training to students in the region. Highlighting the potential of the sector at a session on ‘Gaming domain and gaming…

Accenture Strategy makes highest offer at IIMA placements

Accenture Strategy emerged as the biggest recruiter among the 38 firms that participated in the first cluster of the final placement process for the postgraduate class of 2024 at the Indian Institute of Management Ahmedabad (IIMA) on Tuesday. While Accenture Strategy made 25 offers, Elevation Capital offered the highest pay package, according to an official…

BL Explainer: What is the Public Examinations Bill all about?

The Public Examinations (Prevention of Unfair Means) Bill, 2024 was introduced in Lok Sabha on February 5, 2024. The Bill seeks to prevent the use of unfair means in public examinations and promote fair conduct of examinations in the country. What are the examinations covered by this Bill? What are the offences laid out by the…

Chief Justice Chandrachud emphasises tech as a “powerful force” for justice

Chief Justice of India D Y Chandrachud on Saturday said technology has emerged as a “powerful force” for justice and it must be ensured technological solutions are designed keeping equity and inclusivity in mind. The CJI highlighted that there was a need to recognise the significance of cultivating a shared commitment to justice. Speaking at…

Indian Institute of Management Ahmedabad launches new 2-year online MBA programme

The Indian Institute of Management Ahmedabad (IIMA) announced the launch of its new two-year Online MBA programme – a degree-granting post-graduate programme designed for working professionals and entrepreneurs on Friday. The Online MBA programme is a blended (hybrid) programme that combines on-campus, in-person sessions and live interactive online sessions, stated an official release. The programme is…

IIMC gets deemed university status

The Indian Institute of Mass Communication (IIMC), specializing in journalism and mass communication courses, has been granted deemed-to-be-university status. This will enable IIMC to confer degrees, including doctoral degrees, replacing the previous diploma offerings. The deemed-to-be-university status extends to IIMC New Delhi and its five regional campuses located in Jammu (Jammu & Kashmir), Amravati (Maharashtra),…

Byju’s investors issue EGM notice to vote for ouster of Byju Raveendran board

A group of investors of Byju’s, the edtech major are seeking to oust the top brass of the company led by Byju Raveendran, saying they are ‘deeply concerned’ about future stability under the current leadership. Also read:Byju’s launches rights issue to raise $200 million from existing investors at $230-$250 mn valuation The investors are seeking…

Manipal Institute of Tech, DLabs ink pact for grassroots innovation

Manipal Institute of Technology (MIT), which is part of Manipal Academy of Higher Education (MAHE), and DLabs Incubator Association at the Indian School of Business in Hyderabad have signed a memorandum of understanding to collaborate and enhance grassroots innovations and startups. Commander Anil Rana, Director of MIT, said the collaboration would provide essential support and…

Byju’s investors express concern over founder’s involvement in business

Troubled edtech major Byju’s investors have expressed reservations over the company’s founder Byju Raveendran’s involvement in the day-to-day running of the company, according to sources. This comes at a time when Byju’s kicked off a $200-million fundraise via rights issue on January 29. The valuation is between $230 million and $250million, significantly lower than the…

NEET postgraduate exam fees reduced by ₹750, effective from January 1

The National Board of Examinations in Medical Sciences (NBEMS) has reduced NEET postgraduate examination fees by ₹750. The new fees come into effect from January 1. The new fees will now be ₹3,500 for general and OBC students, while for SC, ST and PWD categories, the fees will be ₹2,500. Any candidate submitting the application…

IIM Bangalore breaks records with successful summer internship placements of 602 students

IIM Bangalore successfully completed summer internship placements of the largest-ever batch of 602 students in the Post Graduate Programme in Management and Post Graduate Programme in Business Analytics. During the placement week, 484 students (437 PGP and 47 PGP-BA) secured placements, with an additional 115 students (89 PGP and 26 PGP-BA) placed in a subsequent…

Byju’s launches rights issue to raise $200 million from existing investors at $230-$250 mn valuation

Troubled edtech major Byju’s has kicked off a $200 million rights issue to raise funds from its existing investors, starting from January 29. The issue will be valid for for the next 30 days, according to sources. Troubled edtech major Byju’s has kicked off a $200 million fundraise via rights issue starting on January 29…

NCUI launches programme to develop youth entrepreneurs in cooperative sector

In line with several initiatives taken by the Centre to strengthen the cooperative movement, the National Centre for Cooperative Education (NCCE) has launched a training programme on the “Formation of Cooperative Societies,” aimed at skilling freshers, students, youth, and trainers of cooperatives. “This programme is designed to equip participants with the knowledge and skills needed…

US-based PowerSchool acquires Chennai’s Neverskip for undisclosed sum

The $630-million, US-based PowerSchool, an EdTech company, is acquiring the Chennai-based Neverskip, an education technology platform serving 1.2 million students in India, for an undisclosed sum. It plans to expand its Global Capability Centre in Bengaluru with a 1,200 seater facility that will be ready by the first quarter of 2024, said Apoorav Nischal, Managing…

G20: Delhi Education Department employees told to remain in city to meet any need for manpower

In view of the G20 summit, the Delhi government has ordered closure of all schools from September 7 to September 10 but asked the Education Department employees to remain in the city during this time to meet any possible need for manpower during the event. The G20 Leaders Summit will be held from September 9-10…

CMFRI to offer lessons on marine biodiversity for PG students, young researchers

The ICAR-Central Marine Fisheries Research Institute (CMFRI) will organise a five-day training course on Know Your Marine Biodiversity and Environment (MARBIE) for postgraduate students, researchers and academicians. The objective of the curse is to recognise the crucial role of marine biodiversity and environment for ensuring the health of oceans for the well-being of future generations.…

‘Good demand for civil engineers in Australia’

Keeping in view the huge demand for civil engineers in Australia, La Trobe University (Australia) has signed a memorandum of understanding with Mahindra University, which is promoted by the well-diversified Mahindra group, to offer a joint four-year undergraduate programme. “The cohesive programme comprises two components. The students enrolled in the programme will study the first…

UGC enriches higher education with short term industry courses

University Grants Commission (UGC) has recently issued guidelines for introducing short-term industry-relevant courses in the Higher Educational Institutes (HEI) to bridge the skill gap, Deepak Kumar Srivastava, Vice Chairman, has said. Also read: Student-faculty engagement, key to better learning The guidelines will help formulate the premise for integrating skilling into higher education at all levels,…

Canada announces 2-year cap on international student visas; move likely to impact Indians

Canada has announced that it is imposing an immediate two-year cap on new international student visas to tackle a housing crisis and target institutional “bad actors”, a move that is likely to impact Indians planning to study in the country. Immigration Minister Marc Miller said as part of the cap there will be a 35…

IIM Kashipur ‘Agri Mela Startup Expo’ on Jan 27-28 to bring stakeholders under one roof

IIM Kashipur will organise the seventh edition of ‘Uttishtha 2024’ on January 27-28. This ‘Agri Mela Start up Expo’ aims to unite agricultural start-ups, industry stakeholders, and investors to exchange insights on entrepreneurship, featuring a start-up expo and engaging activities. The two-day Agri Mela Startup Expo is conducted by the Foundation for Innovation and Entrepreneurship…

Popularise Sustainable Development Goals in education: Experts

There is a need for popularising Sustainable Development Goals (SDGs) among students and encouraging collaboration among different stakeholders, according to experts. Many experts including Seeram Ramakrishna, Professor, FREng. Everest Chair, National University of Singapore (NUS), Singapore; Mr. Shombi Sharp, UN Resident Coordinator, New Delhi stressed the the need for popularising Sustainable Development Goals (SDGs) among students and…

ICAI collaborates with IIM Ahmedabad to develop ‘Vision 2049’

CA Institute, which is the world’s largest accounting body, has initiated an exercise to develop a ‘Vision 2049’ document to position itself as a globally recognised leader in the accounting profession. This vision document will be prepared in collaboration with IIM Ahmedabad, sources said. All members of the Institute of Chartered Accountants of India (ICAI),…

VIT inks pact to offer B-Tech degree to Schwing Stetter staff

Schwing Stetter India (SSI), a leading construction and concreting equipment manufacturer, has signed an agreement with Vellore Institute of Technology (VIT), Vellore, under which the institute will offer a Bachelor of Technology (B.Tech) degree in manufacturing engineering for select employees of SSI. This year, more than 25 employees with a diploma degree will be enrolled…

Azim Premji University to set up hospital and medical college in Ranchi

Azim Premji University will introduce a new Master’s programme in Public Health at its Bhopal campus and is looking to set up a hospital and a medical college as part of the University at Ranchi, said Azim Premji during the 11th Convocation of the University. Speaking on the occasion Azim Premji, said, “Our university in…

Byju’s puts Epic, Great Learning on block for $750-$800 m

Edtech major Byju’s has put two of its assets Epic and Great Learning on the chopping block to generate about $750 million-$800 million, as the company looks to repay the $1.2 billion Term Loan B, said people in the know. Byju’s acquired Epic, the US-based kids learning company in 2021 for $500 million. The sale…

IIT Madras professor Rajnish Kumar recognised with prestigious Shanti Swarup Bhatnagar Prize

Indian Institute of Technology Madras (IIT Madras) faculty Rajnish Kumar has been recognised with the Shanti Swarup Bhatnagar Prize. The Prize is bestowed on a person who has made outstanding contributions to human knowledge and progress – fundamental and applied – in a particular field of their specialization. The award is being given for his…

Byju’s hid $533 million in hedge fund once run from pancake restaurant in Miami

Byju’s allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash. Byju’s last year transferred more than half a billion dollars to Camshaft Capital Fund, the investment firm founded by William C.…

Byju’s denies allegations of hiding $500 million in offbeat hedge fund

Edtech major Byju’s has denied allegations made by its lenders that its US entity, Byju’s Alpha, has hidden $533 million in an obscure hedge fund, Camshaft Capital Fund, based out of a Miami IHOP restaurant. The company said it has not recived any lawsuit copies. The lenders have argued in a Miami-Dade Country Court in…

Manipal Global Education Services ventures into online education with med learning and med PG prep app

Manipal Global Education Services has made a push into the online medical education space with the launch of its new app in a mobile and cloud-first format, called Manipal MedAce, catering to medical learning and medical PG prep. The company has dedicated over ₹100 crore to developing content for this platform, with approximately ₹50–60 crore…

ASER report reveals 25% of teens between the ages of 14 and 18 struggle to read Grade-2 text with fluency

The thrust on schooling in regional languages notwithstanding, nearly 25 per cent of rural youth in the age group of 14-18 cannot read a class 2 level text “fluently,” even if it is in their regional language. Also read: Rising use of Gen AI poses challenges for education system The findings come up in the…

Dr.Polaris, Entri.app join hands to launch NEET-PG preparation platform

Dr.Polaris has announced a strategic partnership with Entri.app to launch a digital platform for MBBS students preparing for NEET-PG. EntriMed, as a mobile-based learning facility, makes Dr.Polaris the exclusive medical content partner for Entri.app. The tie-up between the two firms under Kerala Startup Mission represents a “shared vision of empowering the next generation of medical…

Fisheries Congress calls to formulate National Fisheries Education Framework

The International Fisheries Congress, spanning three days, has called for the setting up of Fisheries Council of India and the formulation of a National Fisheries Education Framework (NFEF). The NFEF is aimed to set minimum standards in fisheries education, encompassing curriculum, infrastructure, and manpower. The resolution also highlighted the necessity of introducing teacher training and…

IIT Madras to work with Industries on R&D and developing testing/validation standards in Green Hydrogen

The Indian Institute of Technology Madras (IIT Madras) and IITM Research Park will be working with industries and research institutes on industrial R&D needs, skill development, creating incubators, testing/validation standards and policy advocacy in the Green Hydrogen sector. This is part of the ‘Hydrogen Valley Innovation Cluster in Tamil Nadu’ (HVIC-TN) initiative, which comprises nearly…

Rising use of Gen AI poses challenges for education system

Nitya Doshi, an 18-year-old IBDP board student in a private school in Mumbai is in a fix. AI tools such as ChatGPT allows her to complete her school assignments with ease but at the same time she is not sure of how to use AI in an ethical manner. Also read:‘Generalist MBAs will fade with…

Government nod to set up 100 new Sainik Schools

The government has approved setting up of 100 new Sainik Schools in partnership with NGOs, private schools, and states in a graded manner, starting from Class 6th onwards, to educate students spread across the country as per the new education policy. Under this initiative, a Memorandum of Agreement (MoA) has been signed by the Sainik…

Kerala edtech start-up Interval gets international recognition

Interval, an innovative educational technology (ed-tech) start-up from Kerala, has garnered international acclaim for its ground-breaking education approach. The start-up has achieved a remarkable feat by being selected as a part of Finland’s prestigious ‘Talent Boost’ project, initiated by the Ministry of Economic Affairs of Finland to attract skilled talent and investors across diverse sectors.…

EdTech platform Infinity Learn reports operational revenue of ₹100 cr

EdTech platform Infinity Learn reported a growth in its operational revenue for FY23, exceeding ₹100 crore, a significant increase from the ₹2.3 crore recorded in the previous year. The platform additionally asserted that it achieved profitability even prior to securing Series A funding, as per the audited financial statements for the fiscal year ending on…

NITI Aayog CEO highlights education and skilling as India’s key to future success

BVR Subrahmanyam, CEO of NITI Aayog, emphasised that India needs to significantly ramp up its skilling initiatives to achieve its goal of evolving into a developed nation with a multi-trillion-dollar GDP. “If we have to simplify the challenge for India in becoming a $10 trillion or $20 trillion or $30 trillion economy, I will reduce…

US issues record number of student visas to Indians in June and August

The US Embassy said on Monday that it has issued a record number of visas to Indian students for this summer season. This comes at a time more Indian students are opting for international universities for higher education. In a post on X, formerly known as Twitter, the US Embassy said it has issued 90,000…

Quess Corp partners with Gujarat Technical University, shares up

Quess Corp Ltd’s shares were up 0.41 per cent after the company reported signing a Memorandum of Understanding (MoU) with the Department of Gujarat Technical University (GTU), the state’s public technical university under the Government of Gujarat. The collaboration is focused on contributing to the state’s skill development and employment generation initiatives to align with…

BlackRock slashes India’s Byju’s valuation by 95% to $1 bn – TechCrunch

BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian education tech start-up to $1 billion from $22 billion mark set in early 2022, TechCrunch reported on Friday, citing disclosures made by the asset manager. BlackRock, which owns less than 1 per cent of Byju’s, declined…

AI first Edtech company ConveGenius raises $7 mn growth funding

AI-first edtech company ConveGenius has raised $7 million (₹58 crore) as part of a growth financing round from the Michael & Susan Dell Foundation (MSDF). The round also saw participation from other existing investors like Bace Capital, Heritas Capital, and Gray Matters Capital. Also read: Edtech faces funding crunch in 2023 amidst sector shifts “The…

Coursera’s GenAI content saw enrolment every 3 mins in India in 2023, says CEO Jeff Maggioncalda

Generative Artificial Intelligence (GenAI), a hot topic in the corporate world, is the most sought-after course in India on Coursera. The online course provider with 136 million registered learners saw enrolments roughly every three minutes in India in 2023, said Jeff Maggioncalda, CEO, Coursera. GenAI is a type of AI that generates images, text, videos,…

ICSI announces free online content and videos on demand for CS students

Here’s a piece of good news for thousands of those who are pursuing the Company Secretary course, which recently underwent a revamp. The Institute of Company Secretaries of India (ICSI), the professional association that governs and regulates the course, has started offering all of the course material online on-demand for over 2 lakh aspirants who…

Rajeev Kumra assumes charge as TAPMI Director

The Manipal-based TA Pai Management Institute (TAPMI) has announced the appointment of Rajeev Kumra as its Director. He formally took charge on January 2. TAPMI is a constituent unit of the Manipal Academy of Higher Education (MAHE). Kumra joins TAPMI from the Indian Institute of Management, Lucknow (IIM-L), where he was the Dean for the…

Indian AI clears NEET and AIIMS PG Exams; outperforms GPT-4, MedPaLM

August AI, developed by Bengaluru-based start-up Beyond, has cleared the National Eligibility-cum-Entrance Test for Post Graduation (NEET PG) and the All India Institute of Medical Sciences Postgraduate (AIIMS PG) exams in India, scoring 74.5 per cent. It also secured 94.8 per cent on the US Medical Licensing Examination (USMLE), a test that physicians must clear…

Top executives from Byju’s Tuition Centre resign, company to let go of 3,000-3,500 employees

Edtech giant Byju’s Tuition Centre top executives have resigned as a part of this restructuring exercise. Asheesh Sharma, who was handling academics at Byju’s Tuition Centre, and Surendra Pandey, the regional director of the hybrid learning arm, resigned, said sources. It comes at a time when the company has decided to lay off around 3,000-3,500…

Byju’s general counsel Roshan Thomas resigns

Byju’s general counsel Roshan Thomas has resigned from the company after nearly 3 years adding to the spate of senior-level exits at the trouble edtech firm over the past few months. Thomas had joined Byju’s as Group General Counsel in 2021. He announced his exit via a LinkedIn post. “I am announcing the conclusion of…

Harvard seeks to move past firestorm brought on by school President Claudine Gay’s resignation

Harvard University on Wednesday sought to move beyond the firestorm brought on by the plagiarism allegations, congressional testimony and resignation of Claudine Gay, the school’s first Black president, as it seeks a new leader and tries to heal divisions at the elite Ivy League school. The search for a new president will begin “in due…

Unacademy’s FY23 revenue rises to ₹907 cr, loss shrinks

Test preparation startup Unacademy said its losses narrowed to ₹1,678 crore in FY23 as compared to ₹1,678.15 crore for FY22, while revenue rose 26 per cent during the year to ₹907 crore from ₹719 crore in FY22, as per regulatory filings sourced by PrivateCircle. Also read: Edtech faces funding crunch in 2023 amidst sector shifts…

ArcelorMittal partners with IIT Madras to create Asia’s first hyperloop facility

ArcelorMittal has established a partnership with the Indian Institute of Technology Madras (IIT Madras), and is working closely with the institute’s Hyperloop Technology team, Avishkar Hyperloop, which is developing cost-effective hyperloop technologies for passenger and cargo mobility at scale. Avishkar Hyperloop is a student team and TuTr Hyperloop is a a start-up incubated at IIT…

Harvard president Claudine Gay resigns amid plagiarism claims, backlash from antisemitism testimony

Harvard University President Claudine Gay resigned on Tuesday amid plagiarism accusations and criticism over testimony at a congressional hearing where she was unable to say unequivocally that calls on campus for the genocide of Jews would violate the school’s conduct policy. Gay is the second Ivy League president to resign in the past month following…

Edtech faces funding crunch in 2023 amidst sector shifts

In 2023, the edtech sector has been a roller-coaster year due to funding decline as firms realised the need for strategic business improvements and prudent cost-cutting measures to tide over the liquidity crisis. As the pandemic waned, so did the demand for online learning as schools, colleges and centres reopened for offline classes. Funding in…

PM Modi praises Indian youths for building a brave new world

Indian innovators took the number of patents from around 4,000 in 2014 to almost 50,000 now, Prime Minister Narendra Modi said here on Tuesday. Addressing the convocation ceremony of state-run Bharathidasan University here, the Prime Minister quoted the ‘Puthiyathor Ulagam Seivom’ Tamil verses of poet Bharathidasan, after whom the university had been named, and said…

Higher educational institutes to create agri consortium

Higher educational institutes (HEIs) in the country have agreed, in essence, to create an ‘Agri Consortium’ – a move initiated by IIM Kashipur. An in-principle framework in this regard was adopted by participating HEIs during the ‘Agri-Entrepreneurship in South Asia Consortium-2023’ organized by the Foundation for Innovation and Entrepreneurship Development (FIED), an incubation centre of…

WhiteHat Jr to be rebranded Byju’s Future School amid cash crunch

Embattled edtech major Byju’s has decided to rebrand its wholly-owned subsidiary, WhiteHat Jr, while integrating the coding company’s assets into other business verticals, including its holding entity, Think & Learn Pvt, according to the sources. The edtech giant will rebrand WhiteHat Jr as Byju’s Future School with an expanded offline presence. In 2020, Byju’s had…

BIMTECH celebrates 36th Foundation Day – The Hindu BusinessLine

Charity, while well-intentioned, should aim for sustainable empowerment, not dependency, said social entrepreneur and Magsaysay Award winner Anshu Gupta, founder of Goonj. Gupta, who was the chief guest at Birla Institute of Management Technology’s (BIMTECH) 36th Foundation Day today, said, “We must cherish our education and uphold the dignity of every individual. Subsidies are opportunities, not…

HPS draws 150 cr Vision-2050 plan to make it into the Top-10 schools in India

The 100-year-old Hyderabad Public School, which has produced some of the world-class professionals in science, IT, medicine, and entertainment industries, has now drawn a ₹150-crore plan to become part of Top-10 school by 2050. The school, which produced celebrities such as Satya Nadella (CEO, Microsoft), Shantanu Narayan (CEO, Adobe Inc.), and Air Marshal Chalapati, seeks…

VJIM, Hyd ties up with AIT, Thailand for student mobility programme

VJIM, Hyderabad teamed up with the Asian Institute of Technology (AIT), Thailand for a Student Mobility Programme which will begin on Oct 15, 2023. According to Srinivas Subbarao, Director, VJIM, the programme will see participation from 25 students and two faculty members from VJIM, Hyderabad. The tie-up between the two esteemed institutions will pave the…

How a VK Pandian-led programme is gearing up to transform Odisha’s high schools

Earlier in November, the Ministry of Education released its annual UDISE+ report for the academic year 2021-22. The report captures annual data about schools, noting how they progress. Going by the numbers in the report, in that academic year, when the country was just recovering from the pandemic, just 8.1 per cent of the government…

IIT Madras opens Centre of Excellence for Sustainability aiming to tackle global challenges

Indian Institute of Technology Madras (IIT Madras) on Saturday launched a School of Sustainability to teach new, interdisciplinary courses on sustainability. It will also provide a platform to host events and showcase technologies that can help drive both practice and policy. Jayant Sinha, Member of Parliament and Chairperson, Parliamentary Standing Committee on Finance, launched the…

Indian School of Business earns re-accreditation from AMBA, maintains triple crown status

The Indian School of Business (ISB) received re-accreditation from the Association of MBAs (AMBA), one of the world’s leading authorities in post-graduate business education. “…This re-accreditation is a testament to ISB’s relentless pursuit of excellence, world-class pedagogy, rigorous research, and outstanding faculty who mentor some of the brightest students,’‘ Ramabhadran Thirumalai, Deputy Dean – Academic Programmes,…

BSNL, IIT-Madras, and Anna University collaborate on telecom skill development initiatives

Bharat Sanchar Nigam Limited (BSNL) on Wednesday partnered with the Indian Institute of Technology – Madras (IITM) and Anna University (AU), Chennai, for various initiatives, including courses to enhance the skill sets of both students and young professionals. A one-year international course in Telecom Technology & Management led by IITM in collaboration with BSNL in…

Byju’s lenders appoint Kroll to safeguard Great Learning’s assets

Byju’s lenders have appointed risk advisory firm Kroll to safeguard the charged assets of Great Learning Education Pte. Ltd. and Byju’s Pte. Ltd. The risk and financial advisory solutions provider Kroll has appointed Cosimo Borrelli, global co-head of restructuring, and Jason Kardachi, Singapore and Southeast Asia lead, to safeguard the charged assets of Great Learning…

CAG pulls up TN Higher Education Dept on data SIM cards distribution to college students

The Comptroller and Auditor General of India has pulled up the Tamil Nadu government’s Higher Education Department on “infructuous expenditure” on procurement of data SIM cards under the free distribution of data SIM card scheme to college students during Covid pandemic. The non-adherence to the original decision while framing rules for the scheme of free…

Byju’s investors form group to engage with edtech management

Some of Byju’s biggest investors have constituted a close group to engage with the company, track its progress, and provide suggestions, according to sources. These investors are some of the edtech major’s biggest investors. The close investor group, formed a few weeks ago, includes investors such Peak XV, Prosus, General Atlantic, Chan Zuckerberg Initiative, Sofina,…

Engineering colleges in Tamil Nadu are anxious as companies skip campus recruitment

India’s top IT companies — bulk recruiters in engineering colleges — are likely to skip campus placements this year, which is worrying news for Tamil Nadu’s engineering colleges, especially tier-2 and tier-3 categories that send a large number of graduates to the sector. The bulk recruiters are facing a weak demand environment and an excess…

Avanse Financial Services secures $145 million ECB for education financing

Avanse Financial Services has signed a syndicated social-linked External Commercial Borrowing (ECB) facility of USD 145 million. The education-focused non-banking financial company, in a statement, said it will receive the amount in tranches as per the agreed-upon guidelines. “The funds will be utilised to enable more deserving students to fulfil their academic aspirations…This syndicated social-linked ECB transaction is…

Lakshmi Narayanan appointed Chancellor of Krea University

Lakshmi Narayanan, former CEO and Vice-Chairman of Cognizant, and past Chairman of Nasscom, has been appointed Krea University’s Chancellor with effect from Monday. Prior to the appointment, Narayanan was already part of the University’s leadership body as a member of the Governing Council. With over 40 years of experience in technical, managerial, and leadership roles,…

IIT Madras Pravartak Technologies partners with start-ups for upskilling in niche technologies

IIT Madras Pravartak Technologies Foundation is partnering with start-ups for various initiatives in emerging technologies. The key aspects of this collaboration include industry-oriented skilling in niche technologies by start-ups and project execution in areas like artificial intelligence, machine learning and data science. Highlighting the importance of this initiative, V Kamakoti, Director, IIT Madras, said, “Start-ups…

ShowReel partners with Jamia Millia Islamia to launch an AI-powered learning app

Hotmail co-founder Sabeer Bhatia’s ShowReel (Tiptop-ShowReel Private Limited) has collaborated with Jamia Millia Islamia (JMI) to introduce an inquiry-based learning app to inspire the future generation of entrepreneurs. Also read: Happiest Minds to pump investments for new GenAI business unit The Jamia-ShowReel app will offer a unique approach to inquiry-based learning that is aimed at…

BITSoM appoints Saravanan Kesavan as its new Dean

BITS School of Management, Mumbai (BITSoM), has appointed Saravanan Kesavan as its new Dean. With a tenure of 16 years at the University of North Carolina (UNC) at Chapel Hill, notably as the Associate Dean of the UNC Kenan-Flagler Business School, Kesavan brings with him a wealth of experience. He has a doctorate in technology and…

Byju’s: Ajay Goel quits as CFO to return to Vedanta; Nitin Golani to succeed

Byju’s has appointed Nitin Golani as the new chief financial officer (CFO) of its India business. Golani will take up the new role alongside existing responsibilities at the group level as president of finance. After a near six-month stint at Byju’s, the current CFO Ajay Goel is heading back to Vedanta. Byju’s has also roped…

Apollo Hospitals Group inks MoU with University of Leicester

The Apollo Hospitals Group has signed an MoU with the University of Leicester. The MoU will strengthen existing links with the UK and sets out a mutual desire to promote international cooperation and explore collaborative education and research programmes, particularly in the fields of healthcare management, healthcare and data science, says a release. Preetha Reddy,…

NCERT panel suggests replacing India with Bharat in textbooks

A committee constituted by the National Council of Educational Research and Training (NCERT) has recommended replacing “India” with “Bharat” in the school textbooks for all classes, and that “classical history” be taught instead of “ancient history” to correct narrative about the country’s past. NCERT Chairman Dinesh Saklani, however, stated till now no decision has been…

IIT Madras researchers develop intelligence platform on government funding schemes for start-ups

Researchers at the Indian Institute of Technology Madras (IIT Madras)‘s Centre for Research on Start-ups and Risk Financing (CREST) have developed an ‘Intelligence Platform on Government Funding Schemes for Start-ups’. Developed and implemented in partnership with YNOS, an IIT Madras-incubated start-up, the funding platform for start-ups brings together the entire spectrum of government start-up schemes…

Nitte to confer honorary doctorate on Shashikiran Shetty of Allcargo

Nitte (a deemed-to-be university) will confer honorary doctorate on Shashikiran Shetty, Chairman and Founder of Allcargo Group, at its convocation in Mangaluru on November 4. MS Moodithaya, Vice-Chancellor of Nitte, on Monday said the university will confer Honoris Causa (Honorary Doctorate) on Shashikiran Shetty for his remarkable achievements in the field of business. The deemed-to-be…

Online learning platform UNIVO welcomes UGC recognition

The recent regulatory support from the University Grants Commission for online degrees, establishing equivalence with offline degrees, adds a crucial layer of credibility to the sector, said Siddharth Banerjee, CEO, UNIVO Education. India is on the cusp of significant growth and innovation, with the UGC’s guidelines fmaking online higher education a mainstream and credible choice…

After a fiscal of losses, Byju’s-owned Gradeup reports ₹15.2 crore profit in FY23

Edtech major Byju’s-owned Gradeup, exam preparation start-up, reported a net profit of ₹15.2 crore in the financial year 2022-23 (FY23) against a net loss of ₹133 crore in the previous fiscal year. The edtech start-up’s operating revenue was ₹154.1 crore in FY23, up from ₹49.1 crore in the previous fiscal, while the overall expenses reported…

ICAI unveils new CA India logo

The CA Institute, which is the world’s largest professional body of Chartered Accountants, has unveiled a new logo. The logo epitomises the institute’s connection to the India-first approach and as a trusted partner in nation-building. It was unveiled at a recently held Global Professional Accountants Convention (GloPAC), in Gandhinagar by theVice-President Jagdeep Dhankhar in the…

Public Accounts Committee flags issues with second-generation IITs

Creation of infrastructure for the second generation of IITs — which include the institutes in Gandhinagar, Bhubaneshwar, Mandi and Ropar — were initially constrained by land availability issues, reflecting “poor due diligence” by the selection committee, the Public Accounts Committee has said in its report on Setting Up of New Indian Institutes of Technology. It…

Manipal Institute of Technology to be part of ‘100 5G labs initiative’

Manipal Institute of Technology (MIT), under the Manipal Academy of Higher Education (MAHE), has been chosen by the Department of Telecommunications (DoT) as one of the recipients of the ‘100 5G labs initiative’. This programme is a collaboration between DoT and the Cellular Operators Association of India (COAI). A media statement said the 5G lab…

Quest Alliance helps students shape their careers through Future Literacy programme

Quest Alliance, a not-for-profit organisation dedicated to equipping young individuals with 21st-century skills through technology, has helped lakhs of youngsters from marginalised communities to shape their careers. Its Futures Literacy programme is a multifaceted skill set with profound implications. It empowers individuals by unleashing the transformative power of imagination and provides them the ability to…

Using AI to make the right match

One of the biggest and challenging events in a typical middle class family’s lifecycle is sending their ward to a foreign university for higher studies. They move heaven and earth to find a ‘good university’, and then mobilise resources to meet the travel and education expenses abroad. But, unfortunately, a good number of them either…

Byju’s to close $400-m deal to sell learning app Epic in next 10 days

Troubled edtech major Byju’s will close the sale of its US-based children’s digital reading platform Epic in the next 10 days for $400 million, according to sources. The edtech major is considering this sale to alleviate its financial challenges. The company is in advanced talks with US-based private equity fund Joffre Capital for the sale,…

XLRI Delhi NCR draws up an ambitious roadmap

Every mother is proud when the child outshines the parent,” says Father KS Casimir, with a twinkle in his eye. The Director of XLRI Delhi NCR feels that the young campus can, one day, be better known than its illustrious parent XLRI Jamshedpur, the oldest B-school in India, which is currently in the midst of…

IIT-M launches first international campus in Zanzibar

IIT Madras (IIT-M) on Monday formally inaugurated its Zanzibar (Africa) campus. The Zanzibar campus inauguration was officiated by His Excellency Hussein Ali Mwinyi, the President of Zanzibar and Chairman of the Revolutionary Council. Zanzibar is an island off the Eastern coast of Africa and belongs to Tanzania. The island has been a key port in…

TAPMI to start MBA in Tech Management in Bengaluru campus

TA Pai Management Institute (TAPMI), Bengaluru, which is a constituent unit of Manipal Academy of Higher Education (MAHE), will introduce MBA in ‘Technology Management’ in the academic year 2024. The objective of this programme is to enhance the application of technology by MBA graduates for better technology efficiency in companies. Quoting Aditya Jadhav, Dean of…

Indian Institute of Commerce Lakshya plans overseas expansion

The Indian Institute of Commerce Lakshya has chalked out expansion plans in India and overseas, with a target to enrol over a lakh students annually by 2027. Since its establishment in 2011, more than 75,000 students have enrolled in its commerce programme. IIC Lakshya also offers courses for professional qualifications such as CA, ACCA, CMA…

FedEx grants IIT Madras $5 million to pioneer sustainable logistics advancements

Indian Institute of Technology Madras (IIT Madras) is collaborating with FedEx Express (FedEx), a subsidiary of FedEx Corp. and one of the world’s largest express transportation companies, to establish the ‘FedEx Centre of Excellence (CoE) for Smart and Sustainable Supply Chains’. This initiative, supported by a five-year grant from FedEx, aims to drive sustainability through…

Kerala Varsity joins hands with Nergy India to offer innovative commerce courses

Nergy India, India’s first Simulated Learning Technology (SL Tech) & Interactive Learning Technology (IL Tech) innovator in commerce learning, is to collaborate with Kerala University to offer three statutory e-filing skilling courses for commerce students. Also read: Four Kerala start-ups named for Nasscom’s 2023 Emerge-50 awards These short-term courses are developed by Nergy India and…

Badruka Educational Society opens school of management near Hyderabad

Badruka Educational Society has set up the Badruka School of Management (BSM) in Hyderabad. The new school was formally launched here on Wednesday by the Hyderabad-based 73-year-old society. “With a legacy of pioneering higher education in Hyderabad, we are dedicated to filling this void through BSM. Our institution will serve to meet the rising needs of Hyderabad, now the…

High education space needs meaningful participation from corporates

There needs to be more efforts to allow corporates to start participating in education in a meaningful way, pointed out Ramkumar Ramamoorthy, former CMD, Cognizant India. “We have corporates participating in schools in a big way, but in terms of higher education, we have very limited examples. In the post-pandemic period, with distributed technology development and…

Techmaghi sets India record in ed-tech workshop

Ed-tech firm Techmaghi made it to the India Book of Records by hosting the largest live online technical workshop that garnered 45,000 registrations, reiterating the company’s capacity to provide quality education in the digital era. The November 25-26 event by Techmaghi, which is incubating under Kerala Start-up Mission (KSUM), won the firm the achievement amid…

Kerala academic to create polar science course for UGC

Anu Gopinath, Associate Professor and Head of the Department of Aquatic Environment Management at Kerala University of Fisheries and Ocean Studies, has been selected by the UGC to develop and deliver Massive Open Online Courses (MOOCs) at the undergraduate and postgraduate levels on Arctic studies. She will deliver the courses through the Swayam portal, focusing…

Veranda Learning trims net loss to ₹1.53 crore in Q2

Veranda Learning Solutions Ltd, the Chennai-based education company, reported significant reduction in net loss to ₹1.53 crore in the second quarter ended September 30, 2023 against a net loss of ₹21.13 crore for the corresponding quarter last year. Revenue more than doubled to ₹98 crore (₹37 crore) due to good performance by all its verticals.…

Byju’s settles dispute with Davidson Kempner as Ranjan Pai buys out debt in ₹1,400-crore transaction

Manipal Group Chairman Ranjan Pai has invested ₹1,400 crore in edtech major Byju’s’ test-prep subsidiary Aakash Education Services Ltd (AESL), which will pave the way for the edtech major to clear the debt to the US-based lender Davidson Kempner Capital Management, according to sources. Of the ₹1,400 crore being paid to Davidson Kempner, ₹800 crore…

MAHE certified as Centre of Excellence in life sciences sector

The Manipal Academy of Higher Education (MAHE) has been certified as a Centre of Excellence for Life Sciences by the Life Sciences Sector Skill Development Council (LSSSDC), New Delhi. Nivedita M, Senior Director of Assessment, Accreditation and Certification at LSSSDC, presented the Certificate of Excellence to Lt Gen M.D. Venkatesh, Vice-Chancellor of MAHE, in Manipal.…

Indian students to the US increase 35% in 2022-23

International students from India to the US increased 35 per cent, reaching an all-time high of 2,68,923 in 2022/23. India has also surpassed China to become the largest host of international graduate students in the US for the first time since 2009/10. The number of Indian graduate students soared, increasing 63 per cent to 1,65,936…

Salesforce collaborates with ICT and AICTE to introduce the Educator’s Empowerment Program

Salesforce has joined hands with the Information and Communication Technology (ICT) Academy and the All India Council for Technical Education (AICTE) to introduce the Educator’s Empowerment Program (EEP) on Salesforce Technologies. This collaboration is driven by the shared vision to empower educators with the knowledge and skills they need to thrive in the ever-evolving landscape…

Swedish higher education and research delegation to visit Chennai

Students looking to study abroad will have an opportunity to explore their options for studying in Sweden during the visit of a Swedish higher education and research delegation to India in Chennai on November 21. The Study in Sweden fair will present Indian students, especially undergraduate students, with various prospects for further studies in Sweden.…

6,600 working professionals get BITS Pilani degrees in Metaverse

Over 6,600 working professionals received their degrees in 26 different programmes from BITS Pilani in a Convocation organised in the Metaverse on Sunday, while another 900 students received their degrees in person. While 5,183 students received their MTech degrees, 1,641 students received their MBA degrees, 70 students earned their BTech degrees, and another 70 students…

Byju’s last paid PF to its employees in August 2023, show EPFO data

Edtech unicorn Byju’s has failed to pay the Provident Fund (PF) amount to its employees, yet again. Data from the Employees Provident Fund Organisation (EPFO) shows that Think and Learn Pvt Ltd, the parent company of Byju’s, last paid any PF due to its employees on August 16, 2023. The last payment made was for…

President Murmu inaugurates L&T Skill Training Hub in Mayurbhanj, Odisha

“I want to step out and work outside my hometown after I complete the training,” said 18-year-old Pushpita Patra. Patra, who is a resident of Pahadpur, Mayurbhanj in Odisha dropped out of school in class 10 but is hopeful of getting employment after completing the construction sector training at the Larsen & Toubro Skill Training…

Fully compliant with FEMA rule, Byju’s informs shareholders

Embattled edtech major Byju’s founder and chief executive, Byju Raveendran, has written a note to shareholders of the company informing them that the firm is fully compliant with Foreign Exchange Management Act (FEMA) regulations. In the letter addressed to the shareholders, Byju claimed they were fully compliant with the foreign exchange rules and said that…

NEET-UG test: National Medical Commission modifies eligibility criteria

Students who have pursued physics, chemistry, biology or biotechnology along with English even as an additional subject, after passing class 12 from duly recognised boards will be eligible to appear for the NEET-UG test. In a public notice issued on Wednesday, the National Medical Commission (NMC) said the decision will be applicable even to those…

Online education up 32% in Tier 2 and 3 cities: survey

In 2023, online education witnessed a 32 per cent surge in demand from Tier 2 and Tier 3 cities, projected to rise by another 20 per cent in 2024, as per a College Vidya survey involving 20,000 participants across 13 cities. This growth is fueled by increased accessibility to electronic devices, particularly smartphones, empowering students…

Ashoka University partners with Carl Zeiss India to launch ‘Core Imaging Facility’

Ashoka University has entered into a partnership with Carl Zeiss India (ZEISS Group) to establish a ‘Core Imaging Facility’. Under this partnership, the company will provide the university with cutting-edge microscopy technology, including high resolution, super resolution, high content microscopes. The facility will serve researchers, students and collaborators in fields such as cell biology, biophysics,…

Byju’s calls AGM amid financial strain: Founder pledges family homes

Troubled edtech major Byju’s has called for an Annual General Meeting(AGM) on December 20 to discuss various matters, including approving FY22 financials. Meanwhile, according to Bloomberg, its founder, Byju Raveendran, has pledged his home and the houses owned by his family members as the company faces a cash crunch. “The Annual General Meeting of the…

BYJU’S elevates Jiny Thattil as Chief Technology Officer

Edtech major BYJU’S has elevated Jiny Thattil as its Chief Technology Officer when the firm is battling troubles on various fronts. Thattil’s appointment came after the departure of Anil Goel, who left the company after three years as CTO. Thattil was previously serving as Senior Vice President of Engineering at Byju’s. Also read: Fully compliant…

Prosus marks down Byju’s stake, valuing ed-tech firm at less than $3 billion

Prosus, the Dutch-listed arm of South African technology investor Naspers, has marked down the value of its stake in Byju’s, resulting in a company valuation of less than $3 billion. This marks the second time in a year that the tech investor has downgraded Byju’s valuation. In March, Prosus valued Byju’s at $5.1 billion. It…

IIM Udaipur, JM Financial collaborate to set up JM Financial Centre for Financial Research

The Indian Institute of Management Udaipur (IIMU) has announced that it will set up the JM Financial Centre for Financial Research in collaboration with JM Financial. The Centre will provide scholars in finance and related disciplines access to world-class resources. The JM Financial Centre for Financial Research at IIMU will engage in academic research in…

Byju’s delays salaries, may cut nearly 40% of engineering team in cost-cutting move

Embattled edtech Byju’s may lay off nearly 40 per cent of the firm’s engineering team as a cost-saving measure amid battling troubles on various fronts. According to sources, the edtech major plans to let go of nearly 190 employees, i.e., 40 per cent of its 310-member engineering team. Furthermore, Byju’s has delayed November salaries for…

CBSE not to award division, percentage for class 10 and 12 board exams for 2024

The Central Board of Secondary Education (CBSE) has decided not to assign overall divisions, distinctions, or aggregates to students taking the Class 10 and Class 12 exams in 2024. Candidates with more than five subjects may have the best five subjects determined by admitting institutes or employers recruiting CBSE board students. In a notice on…