VEDANTU HYBRID LEARNING CENTRE
UP's sops for hybrid vehicles irk EV companies, add to industry's June sob story
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations.
Vladimir Putin’s hybrid war opens a second front on NATO’s eastern border
Several masked men removed navigational aids on the Narva River, separating Estonia from Russia, signaling Russia's intent to provoke and destabilize Baltic states. These acts, seen as part of a hybrid war, include airspace violations, GPS interference, and recruiting criminals for sabotage. The region is increasingly a second front in the West's conflict with Moscow. Neighboring countries are reinforcing borders and seeking NATO's attention, as Russia's actions aim to spread fear and division, utilizing disinformation and migrant crises.
How the Indian GCC boom is lighting up prospects of IT firms
With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
US aims to stay ahead of China in using AI to fly fighter jets, navigate without GPS and more
The recent dogfight between two Air Force fighter jets in California showcased the advancement of artificial intelligence (AI) technology, with one jet being piloted by AI. This development reflects the military's focus on AI and its potential use in weapon systems, amid competition with China. From machine learning to AI-enabled autonomy, the military has been pioneering various AI applications. Projects like Vista, an AI-controlled F-16, and AI-based GPS alternatives demonstrate the breadth of ongoing efforts.
Skilling startup Upgrad earmarks Rs 100 crore to set up 100 offline centres
The first two such counselling centres have already been inaugurated in Mumbai and Delhi and the first two learning centres in Indore and Pune, the Mumbai-headquartered firm said in a statement. Over 500 career counselling sessions were clocked in the first 30 days of the centres that have already opened.
Proficiency in generative AI will be most sought-after job skill in next 10 years : Survey
According to a report by Mercer | Mettl, the most sought-after AI jobs in the next 10 years will be machine learning engineer, artificial intelligence (AI) product engineer, and data scientist. The report, titled 'Talent Acquisition Insights', surveyed 1,500 people in India across more than 20 industries. It found that attracting top talent was the biggest hiring challenge, with 40% of companies struggling to hire the best talent.
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IBM renews collaboration with IIT Bombay and IISc to drive hybrid cloud & AI innovation
IIT Bombay joined the IBM AI Horizon Network in 2018 to advance AI research in India, and in 2021, IBM and IISc Bangalore launched the IBM-IISc Hybrid Cloud lab to advance research in hybrid cloud technologies and drive breakthrough innovations in this area.
Edtech startup PhysicsWallah to launch 26 Vidyapeeth offline centres
Currently, the Noida-based startup has 67 centres operational in 38 cities. The offline centres will offer a curriculum for engineering and medical entrance examinations.
Indian edtech companies eye larger offline play in post-pandemic world
The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.
HCLTech and Microsoft to launch high-performance computing solutions
The solutions will incorporate HCLTech's expertise in advanced engineering services and Microsoft's Azure cloud HPC technologies.
Hybrid mutual funds offer growth at lower risk; should you invest?
Hybrid funds reduce the risk of equity markets without sacrificing growth
Benefits of balanced advantage mutual funds
The funds’ dynamic asset allocation helps deal with market volatility.
FrontRow shuts shop, likely to return 20% of capital raised to investors
Bengaluru-based FrontRow, which raised $18 million since 2020, had laid off 90% of its employees over two rounds to rein in costs in a failing business model, before finally shutting shop in June.
Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraud
With the global liquidity situation changing, institutional investors were no longer interested in waiting patiently for startups to go hybrid. The pressure of meeting the promised targets and churning out profits even as ground reality turned hostile led several startup founders to cut corners in recognising revenues, reporting financials or painting an all-is-well picture.
What are the different types hybrid mutual funds?
An aggressive hybrid funds invest 65-80% in equities and the rest in debt securities.
Exclusive: Upgrad in talks to buy majority stake in US edtech firm Udacity
The American edtech has been in talks with multiple suitors. If this deal goes through, it would be at a significant discount to its peak valuation of $1 billion.
Physics Wallah to acquire 50% stake in Xylem for Rs 500 crore over three years
The deal involves the purchase of fresh shares and a part of the stake held by Xylem’s existing investors in cash and stock. A portion of the investment will be towards enhancing the learning models of Xylem.
Edtech startup Physics Wallah enters into partnership with Xylem, plans Rs 500 crore investment
Founded by a 26-year old MBBS graduate Ananthu S, Xylem Learning claims to have a strong presence in the Kerala market and plans to now expand to Tamil Nadu, Andhra Pradesh, and other southern markets.
ETtech Opinion | Hybrid learning will gain more momentum in 2023: Byju Raveendran
Hybrid learning will gain momentum as the efficiency of tech-enabled learning meets the empathy of student-driven classrooms
2022 Year in Review | As the pandemic bubble bursts, edtechs back in class
Edtechs are expected to move away from the K-12 business model in the coming year. They are also expected to focus on priorities such as a bigger offline play, tapping international markets with higher disposable incomes, and digitising the existing school system.
YouTube offers LMS-Style 'Courses' to Creators. Details here
Although the instructional video has been available on YouTube for some time, this will allow artists to give viewers a more thorough, structured learning experience.
Blume Ventures closes its largest fund at $250M; Vedantu sacks 385 in fourth round of layoffs this year
Several venture funds focused on India and Southeast Asia have been raising record amounts of capital despite the global macroeconomic downturn this year. The latest of these is Blume Ventures, which has closed its fourth India-dedicated fund at a quarter of a billion dollars.
Edtech firm Vedantu cuts 385 jobs in fourth round of layoffs this year
The company had previously laid off 100-full time employees from its sales team in July and another 624 full-time and contractual employees in two batches in May.
Vedantu acquires test prep platform Deeksha for $40 million
The acquisition will give Vedantu access to almost 40 offline centres across Telangana, Andhra Pradesh and Karnataka, and to Deeksha’s 13,000 students
Unacademy won't sack more workers to cut costs, CEO Gaurav Munjal clarifies
In April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual basis while the rest were in sales, business and other functions.
Vedantu launches first hybrid learning centre as edtechs shed pandemic-induced growth
Vedantu’s offline learning foray is largely focused on test preparation segment as it looks to bolster its presence in the segment.
Offline centres aren't a sign of edtech's failure, says Unacademy CEO Gaurav Munjal
Several edtech firms have set up offline centres in the past few months as traditional schools have reopened. Unacademy last week announced the launch of two offline learning centres in Kota, Rajasthan.
Edtech players go hybrid as online growth slows
Companies including PhysicsWallah, Byju’s, Imarticus Learning, Cuemath, Vedantu and Unacademy are all in the process of either expanding or building an offline presence.
PM Modi reviews NEP's implementation, calls for developing hybrid learning
Modi said the databases maintained by anganwadi centres should be seamlessly integrated with school records as children move there from anganwadis, and called for their regular health check-ups and screening in schools with the help of technology.
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