New Coaching Norms: High Fees, 16-Year Age Limit Explained.
The Ministry of Education in India has recently introduced the “Guidelines for Registration and Regulation of Coaching Center 2024” to address the concerns surrounding unregulated private coaching centers that offer preparatory courses for various study programmes and competitive examinations. The guidelines aim to establish a framework for registration, set minimum standards, and prioritize student well-being. […]
Boosting Pharma-MedTech: India’s Rs 5,000 Crore Allocation for Advancing Research and Innovation
India has taken a major step towards enhancing its research and innovation capabilities in the pharmaceutical and medical technology (Pharma-MedTech) sector by launching the Promotion of Research and Innovation in Pharma-MedTech (#PRIP) initiative. The scheme, announced by the Ministry of Finance on X, aims to provide financial support and incentives to companies, institutions and researchers […]
Supreme Court Directs Jet’s New Owners: Mandatory Deposit of Rs 150 Crore
The Supreme Court on Thursday ordered Jalan-Kalrock consortium, the new owners of the bankrupt Jet Airways, to deposit Rs 150 crore in SBI’s escrow account by January 31, 2024. The apex court said that this amount was part of the Rs 350 crore that the consortium had agreed to pay as the first tranche of […]
Mastercard Pioneers Healthcare Payments: Introduction of Virtual Card for Medical Claims
Mastercard, one of the world’s leading payment network processors, has announced a groundbreaking solution for medical claim payments in India. The company has partnered with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform that simplifies the back-end of cashless claims by connecting hospitals, insurers and third-party administrators. How […]
Sun Pharmaceutical Industries Expands Reach: Acquisition of Remaining Stake in Israel’s Taro
Sun Pharmaceutical Industries, India’s largest drugmaker, announced on Thursday that it will acquire the remaining 21.52% stake in Israel-based Taro Pharmaceutical Industries for ₹2,891.7 crore ($43 per share). This move will enable the merger of the two entities and consolidate Sun Pharma’s control over Taro, a key player in the generic dermatology market. Background Sun […]
Elevating Capital: State Bank of India’s Successful Raise of Rs 5,000 Cr via AT1 Bonds
State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 5,000 crore through the issuance of additional tier-1 (AT1) bonds on January 18, 2024. The bond sale received an overwhelming response from a diverse range of investors, with an oversubscription of 2.65 times and 108 bids worth Rs 5,294 crore against the […]
Revolutionizing Investment: TheShareBrokers’ Launch of a Groundbreaking Stock Broker Comparison Portal
TheShareBrokers, one of the leading online platforms for stock market information and analysis, has recently launched a groundbreaking stock broker comparison portal that aims to revolutionize the way investors choose their brokers in India. The portal allows users to compare various aspects of different stock brokers, such as brokerage fees, trading platforms, customer service, research […]
HiBroker Revolutionizes Real Estate: Launch of India’s First Super App at Mysore’s Broker Connect Event
Mysore, Jan 19 : HiBroker, India’s first super app for real estate, was launched at the Broker Connect event in Mysore on Wednesday. The app aims to empower real estate brokers with cutting-edge technology, data-driven insights, and a network of verified buyers and sellers. What is HiBroker? HiBroker is a one-stop solution for real estate […]