INDIAN INSTITUTIONS
We didn't anticipate winning medals in such a short time, says IIS Founder Parth Jindal
Learn about the journey of Parth Jindal, the founder of JSW Sports, and his commitment to developing Olympic champions in India. Discover the impact of the Inspire Institute of Sport in nurturing talent and the strategic partnerships with corporates. Gain insights into the challenges and successes of fostering a culture of sports excellence in the country through innovative initiatives. Witness the evolution of India's sports industry under Jindal's visionary leadership.
Canada to crack down on study permit loopholes: New rules to safeguard international students
Canada's fedral government plans to suspend study permit processing for post-secondary students if schools fail to monitor international student enrollment. Proposed regulations mandate colleges and universities to report student attendance and compliance, aiming to curb permit misuse for work and protect against scams. Additionally, students must apply for new permits when switching schools, outlined in the Canada Gazette.
India tops China in billion-dollar realty companies
India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion driven by urbanization, infrastructure development, and shifting consumer preferences. Leading the pack is DLF with a valuation of ₹2 lakh crore, followed by Macrotech Developers and Adani Realty. Mumbai leads with 33 companies on the list, underscoring India's thriving property market amid significant global contrasts in real estate fortunes.
Indian Army's HAWS mountaineers brave avalanche to recover fallen comrades
The High Altitude Warfare School (HAWS) of the Indian Army successfully completed Operation RTG to recover the mortal remains of three soldiers trapped in a crevasse on Mount Kun. The mission, involving 88 expert mountaineers, overcame extreme conditions and exemplified the core values of HAWS. The operation brought closure to the families of the fallen soldiers and highlighted the unwavering commitment of the Indian Army.
IIT graduates feel pay pinch as top offers dry up
Compensation for graduates from top 10 engineering institutes, of which eight are IITs, as ranked by the National Institutional Ranking Framework has declined marginally for the class of 2024, according to Deloitte campus workforce trends 2024 study.
Insolvency law fosters healthy credit culture: NFRA chief Pandey
On Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolvency law for a healthy credit culture and its role in unlocking capital from unviable businesses for productive use through the resolution of bankrupt firms' stress. He highlighted that the Insolvency and Bankruptcy Code (IBC) has a significant role in strengthening the economy beyond just enabling lenders to recover dues from corporate debtors.
Q1 Earnings Preview: Flat to 4% growth in net profit expected from Nifty pack; auto, financials, health to outperform
Motilal Oswal and Kotak Mahindra differ in their Q2 earnings projections for the Nifty universe. While Kotak forecasts a nearly flat growth of 0.6%, Motilal Oswal projects a 4% increase in net profits. Both firms predict stronger growth when excluding global commodities. Motilal Oswal anticipates a 10% YoY increase for the Nifty excluding oil & gas and metals, while Kotak forecasts a 9.3% rise excluding oil marketing companies.
MFs’ share in total institutional equity hits a record
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
VP Jagdeep Dhankar slams P Chidambaram over 'part-timer' remark
Dhankar further said that "when informed minds knowingly lead you astray, we need to be on guard". "This morning, when I read a paper, an informed mind, who had been the Finance Minister of this country, a Parliamentarian for long and currently a member of the Rajya Sabha, stunned me," the VP said. Dhankar said that he took pride in the fact that the Parliament did "a great thing" by "unshackling us from the colonial legacy" and giving three laws that were of "epochal dimension".
Investor confidence drives Indian realty investments to $4.8 billion in H1 2024
Amid global economic challenges, Indian real estate showcased resilience, attracting $4.8 billion in institutional investments in H1 2024, up 81% from the total $5.8 billion in 2023. With 40 deals, investment activity surged, driven by strong foreign and growing domestic investor confidence, signaling robust economic growth and diversified opportunities in emerging sectors.
Government makes ISI mark mandatory for stainless steel, aluminium utensils
According to BIS, the order prohibits the manufacture, import, sale, distribution, storage, or exhibition for sale of any stainless steel or aluminium utensils that do not bear the BIS standard mark. Non-compliance with the order will attract penalties, underscoring the government's commitment to consumer safety and product integrity, it said in a statement.
OSU explores collaboration with premier Indian institutes
Oregon State University (OSU) is seeking partnerships with Indian Institutes of Technology (IITs) and Indian Institute of Information Technology (IIITs). OSU president Jayathi Y Murthy announced they will visit IIT-Kanpur, IIT-Delhi, IIT-Madras, IIT-Hyderabad, and IIIT-Hyderabad to find research commonalities in AI and sustainability. The collaboration aims to enhance academic exchanges tackling challenges like AI and climate research.
PE investment in real estate hits $2.5 bn in Q2, a 3-year high
Institutional investments in India's real estate sector surged to a three-year high of $2.5 billion in the June quarter, primarily driven by robust activity in the industrial and warehousing, and residential segments, according to Colliers. The industrial and warehousing segment attracted the majority of investments at $1.5 billion, marking an 11-fold increase from Q2 2023, while the residential segment also experienced significant growth. Conversely, investments in the office sector plummeted 83%. Foreign investors, particularly from the US and UAE, were prominent contributors in the market, indicating a positive outlook for the industry.
Institutional investment in Indian real estate at $2.5 billion in Q2, marking a 3-year high
Private equity investments in Indian real estate hit a three-year high in Q2 2024, totaling $2.5 billion. The industrial and warehousing segment led with 61% of the total investments ($1.5 billion), driven by large deals. The residential segment saw a 7.5x increase from Q2 2023, making up 21% of total inflows. Office assets received $0.3 billion, showing a significant annual decline.
Sudha Murty’s son Rohan shares photo of his mom on her 1st day as Rajya Sabha MP, post goes viral
On March 14, Sudha Murty took the oath as a Rajya Sabha MP, with her husband, Infosys founder N.R. Narayana Murthy, in attendance. The oath was administered by Chairman Jagdeep Dhankar. Murty was nominated to the Upper House of Parliament on International Women's Day. She has received many awards, including the Padma Shri and Padma Bhushan.
FPIs invest Rs 26,565 crore in Indian equities in Jun
After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets.
Indian graduates positive about finance career but prefer AI certifications, too
Indian graduates show high interest in AI, with 85% open to technology changes in finance. The survey reveals a shift in career preferences towards AI and the importance of upskilling for career growth.
IIT Bombay imposes fine on 8 students for performing play that allegedly mocked Lord Ram
The Indian Institute of Technology (IIT) Bombay has fined eight students up to Rs 1.2 lakh each for performing a play that allegedly mocked Lord Ram and depicted the 'Ramayana' negatively. The play, titled 'Raahovan,' was presented during the Performing Arts Festival on March 31.
ISB Online offers learning solutions to higher education institutions
The Indian School of Business (ISB) is expanding its ISB Online platform to serve a diverse range of learners, including undergraduate students, professionals, and executives, from various sectors. With plans to double their current learner base by FY24-25, ISB Online aims to enhance employability, improve teaching outcomes, and provide networking opportunities through flexible and self-paced learning options, as well as offering faculty development programmes for academic institutions.
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