EDU TAP
Edu Tap fined Rs 3 lakh for misleading RBI Grade B exam ads
The Central Consumer Protection Authority (CCPA) penalised Edu Tap Learning Solutions with a Rs 3 lakh fine for deceptive advertisements. The advertisements claimed 144 students were selected for the RBI Grade B exam after their courses. The CCPA also directed the firm to cease the misleading ads and submit a compliance report within 15 days. Edu Tap concealed crucial details about the courses taken by successful candidates and misused the RBI emblem for authenticity.
Fintech regulations to help those who follow rules: QED’s Nigel Morris
Nigel Morris, cofounder and managing partner at QED Investors, spoke to ET about the recent clampdown by India's central bank across various segments of new-age financial services, the funding environment, valuation of fintechs and more in an exclusive chat.
Ivy League whisperers: High-end education consultants are in huge demand from Delhi to Dhanbad
Viral Doshi, a US college admissions consultant, helps students from tier-2 towns like Amritsar and Dhanbad get into Ivy League schools like Harvard and Yale. The Red Pen charges Rs 1.8 lakh to Rs 7.75 lakh for its services. Other consultants like Athena Education and Yocket are also popular choices.
Fundamental Radar: The 3 “Highs” that make Happiest Minds a worthy bet in IT space
It is a high-growth, high-quality, high-valuation IT services company, according to analysts Apurva Prasad and Amit Chandra of HDFC Securities, who believe that it has a high potential to scale up growth further after the recent reorganisation.
Here are some of the most admired Indian companies in 2023
The "Top 10 Most Admired Companies in India 2023" list features a diverse range of companies that have achieved financial success while also prioritizing innovation, social responsibility, and employee well-being.
Draft Digital India Act to open for public consultation soon; concerns raised over Digital Competition bill
When India’s Information Technology Act came into being in October 2000, Facebook was four years away from its inception, the first iPhone wouldn't be launched for the next seven years, and the Nasdaq was experiencing an unprecedented implosion of the dotcom bubble. The internet has changed a lot since. Now, to replace the IT Act of 2000, the government is bringing the Digital India Act, the draft of which will be open for public consultation in the next two weeks. This and more in today’s ETtech Morning Dispatch.
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'Off to Canada': India's jobs crisis exasperates its youth
With his business crippled, the 31-year-old IT undergraduate this month travelled to Rajpura town in Punjab to meet with consultants who promised him a work visa for Canada. He brought along his neighbour who also wants a Canadian visa because his commerce degree has not helped him get a job.
Pandemic & tech disruption has changed the way law firms function: Haigreve Khaitan
There is a tectonic shift in the way traditional law firms are functioning due to technological disruption, increased business complexities and emerging practice areas.
2 PSU banks Deven Choksey is ready to bet on
“ Given the kind of expectation we have from looking at the credit growth, some of these banks could churn out relatively better performance going forward. ”
9Unicorns is on a mission to help India's startups, announces third close at $40 mn
9Unicorns has already committed investments in about 40 startups.
Acceleration in edutech growth will sustain post Covid-19: ETILC members
According to a report by RedSeer and Omidyar Network India, the online education market for class 1-12 is projected to increase 6.3 times in the next one year and create a $1.7 billion market. The post K-12 market is set to grow 3.7 times to touch $1.8 billion.
Corporate chatter: LVB’s woes continue; Murugappa Group eyes new horizons with CG Power in the kitty; analysts face management fury, triggered by Covid
A first-generation Indian entrepreneur is on the prowl again.
Meet the new breed of 'super angel' investors
AngelList and ET picked these individuals for the access they enjoy, follow-on rounds they have backed and the overall quality of these startups. ET spoke to these angel investors for providing another filter to the shortlist.
TiE Global Summit 4.0 to emphasise on global outreach for startups
TiE has been a leading organisation in fostering the entrepreneurial ecosystem around the world. In a span of nearly two decades, TiE has created a massive network of startups, investors, mentors, academia and brought together all stakeholders to bolster global entrepreneurship.
ePayLater partners with Cashfree to introduce pay later options for their merchants
This will bring ePayLater’s credit-based payment solution to almost all the merchants such as Daily Ninja, BigSmall, WheelStreet, EventsHigh, EduCart and Instaspaces using the Cashfree payment gateway.
Alteria Capital makes second close of maiden fund at Rs 625 crore; Makes 5th investment in Vogo
Fund is targeting a total corpus of Rs 1,000 crore, with a final close over the next 3-5 months.
Tie-up is the lesson for edu-fin startups
Starting a business and having troubles? ET invites early-stage entrepreneurs to ask their questions — anything from business development to scaling up — and we will get those answered by the experts
Market now: 10 stocks defy market trend; surge up to 20%
Couple of stocks defied market trend and surged up to 20 per cent during the trade.
German media group plans to invest $200-250 mn in Indian startups
Three years after it made its first investment in India, Bertelsmann India Investments (BII) has a deployment book of $150 million, having made 30 deals here.
If America becomes stronger, India will be a natural beneficiary: PM Narendra Modi to US CEOs
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi said.
India's first listed ecommerce entity, Infibeam, to venture into edu-tech
The company plans to provide a wide range of services, including customized facilities, to educational institutions under this venture.
How a bunch of edu-tech entrepreneurs are tapping the fast-growing niche of overseas education
Foreign education-focused firms have been around for some time, the difference though is that they’re using technology and the internet to scale up more rapidly now.
Edtech accelerator Edugild announces second batch of startups
The Edugild program is meant to enhance as many opportunities for our startups to engage with key game changers and decision makers.
WaterBridge is ready to venture out with $15 million
WaterBridge Ventures, which has made its first close at $5 million, is the latest VC fund to be launched in 2016, has already seen the entry of numerous investment.
PE veteran Manish Kheterpal launches new $15 million early-stage fund
WaterBridge Ventures will primarily look to invest between Rs 75 lakh and Rs 3.5 crore in 12-15 ventures, and has a fund life cycle of 5-7 years, according to Kheterpal.
Entrepreneurs are tapping into sports sector in India
“Popularity is directly proportional to sponsorship and that helps any sports club or association grow,” said Pranesh Krishnamurthy.
Startup chiefs tap alumni networks for senior-level hiring
Many startup founders leverage alumni networks through social media to recruit peers or juniors or getting references and leads from fellow alumni.
Airtel, UNICEF pact to provide education content in Africa
Bharti Airtel has partnered with UNICEF to provide health, education and youth-focussed content to its customers in 17 African countries.
How EduSports grew into a Rs 8.3 crore venture in three years
Given that EduSports makes about Rs 150-250 from each student, the growing awareness for fitness from a young age bodes very well for its future.
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