SCALER ACADEMY TOTAL EXPENSES
South Africa or Afghanistan set to create history with first ever T20 WC final appearance
The ICC T20 World Cup semifinal between South Africa and Afghanistan at Tarouba presents a historic opportunity for both teams. With South Africa's unbeaten record and Afghanistan's impressive journey, the match is set to be a clash of strong batting and bowling lineups, with key players like Klaasen and Khan expected to shine.
Political ad blitz on Google; new use cases for digital currency
Data from Google Ads Transparency Centre shows that parties are shelling out nearly Rs 117 crore on the search giant alone. This is against the Rs 10 crore spent on political ads in the runup to the 2019 general elections.
Mukesh Bansal’s Cultfit gets new CEO; Google unveils Arm-based chip
Cultfit has formally appointed Naresh Krishnaswamy as CEO. Details on this and more in today’s ETtech Top 5.
Edtech startup Scaler lays off 150 staffers across marketing, sales functions
Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
Oscars 2024: 'Oppenheimer' sweeps awards season with 'Best Picture' win, Cillian Murphy clinches first best actor trophy
The 2024 Oscars witnessed the triumphant success of 'Oppenheimer,' Christopher Nolan's biopic chronicling the life of J. Robert Oppenheimer. The film clinched an impressive seven Oscars, including Best Picture and Best Director, dominating the ceremony with its captivating narrative and exceptional performances. Led by Cillian Murphy's portrayal of Oppenheimer and Nolan's visionary direction, 'Oppenheimer' left an indelible mark on cinema history, achieving both critical acclaim and commercial success.
Scaler Academy posts five-fold rise in FY23 revenue to Rs 317 crore
Scaler Academy said its operational revenue rose to Rs 316.7 crore in the financial year ended March 2023, from Rs 65.6 crore a year earlier. Total expenses at the firm went up to Rs 654.6 crore, significantly pushed up by employee expenses of Rs 322.07 crore and other expenses of Rs 316.93 crore.
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Dream jobs in world of culture can pay well too: A look at salaries & perks of prominent museum leaders
The compensation and benefits of top executives at prominent arts institutions in the United States have been scrutinized. Many leaders receive perks such as free luxury housing, first-class travel, and social club allowances.
How the dream of an idyllic private hill city took shape — and then crashed into reality
Lavasa, India's first new hill station since the end of British colonial rule, has been given a new lease of life. After being partially built and facing environmental and regulatory issues, the National Company Law Tribunal has approved a resolution plan, with Darwin Platform Infrastructure winning the bidding to build the city. Lavasa, originally the dream project of Ajit Gulabchand, will be delivered to homebuyers within five years of receiving environmental clearance, with actual future construction costs being payable to Darwin.
Budget 2023: From revamped credit push to infra development, industry stakeholders react
India’s small businesses and industry groups have issued their response to Budget 2023-24. Here, we round up the opinions.
Corporates tie up with Co-living spaces as staff return to office
Futurense Technologies, Scaler Academy, Jubilant Foodworks, Barman Hospitality, Tata Electronics and Smart Joules, among others, have joined hands with co-living operators to ensure that their employees have the option of residing in a sanitised environment.
Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exits
This time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of India’s new-age companies fired almost 18,000 employees between them in 2022. Shockingly, almost half of these took place at just 15 edtech companies as Covid’s retreat battered the sector.
Nithin Kamath to Rachana Ranade to Dhruv Rathee: 10 ordinary people who have redefined financial success
On the 12th anniversary of ET Wealth, meet 10 people from ordinary walks of life who have redefined financial success.
Cloud service providers eye huge opportunities in India
India’s cloud services market is set to explode, as businesses seek to digitally transform themselves and invest deeply in their Cloud capabilities.
Indian data centers to see 5-fold capacity growth with up to Rs 1.20 lakh cr investment
The Indian data centers industry’s capacity is expected to witness a five-fold increase as it is expected to add overall 3,900-4,100 MW of capacity involving investments of Rs 1.05-1.20 lakh crore in the next five years, said ratings agency ICRA.
Deepak Chahar might lose all of his Rs 14 crore for the IPL 2022 season because of injury
Chahar was the second-most expensive player at the IPL 2022 mega auction in Bengaluru after Ishan Kishan, being bought for the mindboggling sum for the next three years by the four-time IPL champions for his ability to swing the new ball both ways and also bowl the knuckle ball. He is also capable of big hits down the order.
Edtech startup Scaler Academy bags $55 million in funding led by Lightrock India
The company, whose valuation has increased to $710 million after the funding, will use the capital for expansion, inorganic growth and to beef up its technology platform, said Abhimanyu Saxena, cofounder of Scaler.
Economic Survey unpacked; budget wish lists for EV, edtech, ecomm
The survey also showed that Delhi has replaced Bengaluru as the startup capital of India in recent years. Over 5,000 recognised startups were added in Delhi while 4,514 startups were added in Bengaluru.
General Rawat challenged status quo, pushed reforms even if it ruffled feathers
“Gen Rawat was a total go-getter. He did not believe in being a status-quoist. In meetings, he would often go on the offensive in his typically blunt manner but if you knew your stuff and spoke with conviction, he would always listen intently,” said a senior military officer.
ETtech Deals Digest: Skit, Bikayi raise funds; Prosus acquires BillDesk
India's startup ecosystem witnessed smaller funding rounds this week.
Covid continues to disrupt hiring
Our first three stories today highlight ways in which the pandemic has changed how companies hire, manage and retain employees.
Covid turbulence grounds dreams of aspiring pilots
Hundreds of pilots in the country are staring at a long wait to get the job of their dreams, and many like Iqbal are pursuing other alternatives to maintain an income or supplement their skills.
India can increase renewable target of 2030: Researchers
The Indian government set a target of 450 gigawatts of renewable energy capacity by 2030. For comparison, the country's total energy generation capacity today is about 380 gigawatts, out of which 90 gigawatts are of renewable energy, not including large hydropower stations.
SAI releases Rs 5.78 crore as "out of pocket" allowance for Khelo India athletes
The OPA (Rs 1.20 lakh annually) has been transferred directly to the athlete's bank account, whereas the rest of the amount is spent on the athlete's training, food, lodging and education at the Khelo India Academy.
How insurance will change if life insurers are allowed to sell health packages
For some strange reason companies that insured your life were not permitted to insure against illness. The regulator has taken a baby step in to permit life insurers cover your health. When it happens, without conflict of interest of dominant shareholders, it would be a new dawn.
Life insurance companies may offer more health policies
Irda said that it set up the committee following representations from life insurers seeking expansion of their product offerings to make better use of their distribution networks.
25 out of 30 Super30 coaching institute students make it to IITs
Twenty-five of the total 30 students of the famed Super30, a coaching institute which prepares students for engineering colleges, have made it to IITs.
BJP's Ajay Bhatt alleges total collapse of law and order in Uttarakhand
Citing a document provided by the hospital, Bhatt said over Rs 3 lakh will have to be spent over the treatment of Thapa whose condition was serious.
Residential site sold for a record $1.39 billion in Beijing
The record was previously held by a commercial- residential site in Beijing's central Hua Jia Hutong that was sold to Beijing Huarong for 7.46 billion yuan in August.
'China to be plagued by pension crisis from 2023'
The number of retirees in the country would soar to its peak at 198 million in 2036, based on data from the 2010 demographic census.
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