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IIT Kanpur, one of the first Indian Institutes of Technology and a globally acclaimed Institute of National Importance, continued its Diamond Jubilee celebrations with a unique event in Bengaluru hosted by IIT Kanpur Alumni Association, Bangalore Chapter. The symposium on ‘Transforming India: The Next Innovation Powerhouse’ was the first of a series of events that…
Intel, one of the largest semiconductor chip manufacturers in the world, has plans to hire more than 1,000 people at its new facility in Hyderabad to foster entrepreneurship and a research mindset, as per an Intel statement to media recently. Intel’s Hyderabad facility is spreading over 3 lakh sq. feet, currently employing 400 people. The…
To create an enabling ecosystem for Entrepreneurship Development through entrepreneurship education and training across the Country, Pilot project on Pradhan Mantri Yuva Udyamita Vikas Abhiyaan (PM YUVA) Yojana 2.0 is under implementation through the Institutes in the Skill Ecosystem of the Ministry i.e. Pradhan Mantri Kaushal Kendras (PMKKs), Industrial Training Institutes (ITIs), Polytechnics, Jan Shikshan…
To boost skill development at the district level, the Ministry of Skill Development and Entrepreneurship (MSDE) have signed a contract with the Indian Institute of Management (IIM) Bangalore for implementation of the Mahatma Gandhi National Fellowship (MGNF) programme. MGNF is a two year academic programme with an in-built component of on-ground practical experience with the…
EPFO, a retired fund body in India has invested Rs 86,966 crore in Exchange Traded Funds (ETFs) till September, 2019. The information has been provided by Santosh Kumar Gangwar, MoS Labour and Employment on tuesday in Lok Sabha. EPFO’s investment in ETF’s has been going on since August 2015. The retired fund body has increased…
The scheme of Dual System of Training has had a significant impact on the skilling ecosystem after it was recently revamped. Since the launch of revised guidelines of DST Scheme, by Directorate General of Training (DGT), Ministry of Skill Development & Entrepreneurship (MSDE); there has been a huge jump from the earlier 136 Memorandum of…
In a recent leadership reshuffle, Oyo Hotels and Homes has elevated their South Asia and India CEO Aditya Ghosh to its board. Rohit Kapoor, currently the CEO of their new real estate business Oyo LIfe, will be taking over Ghosh’s position. Ghosh’s elevation comes exactly a year after he joined the hospitality aggregator. He had…
Indian scooter rental start-up Bounce raised $150 million in an ongoing funding round led by its existing investors Eduardo Saverin’s B Capital and Accel Partners India. The current financing round, dubbed as Series D funding raised the market value of Bounce to $500 million. Earlier this year in June, during its Series C funding, the…
The process of registration for NEET 2020 to begin today from 4pm onwards. The exam is to take place in May, 2020. Candidates can register for the exam through ‘Online’ mode only. Online application form can be submitted by accessing the website address on ntaneet.nic.in. The last date to apply online for the NEET 2020…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…
IFC, a part of the World Bank Group, has anchored an investment round of $200 million in Mahindra & Mahindra Financial Services Ltd. Mahindra Finance to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states. At least $100 million will be earmarked for womenowned MSMEs. IFC has invested…
The Government of India has appointed Soma Roy Burman, as the Controller General of Accounts (CGA), Ministry of Finance, Department of Expenditure with effect from December 1, 2019. Soma Roy Burman, a 1986-batch Indian Civil Accounts Service (ICAS) Officer, took charge as the new Controller General of Accounts. Burman is the 24th Controller General of Accounts (CGA) and is the seventh woman to hold this coveted position.
Syngene International Limited, a leading global contract research organisation, has appointed Sibaji Biswas as Chief Financial Officer and member of the Executive Committee with effect from December 18, 2019. He will succeed M.B. Chinappa, current CFO, who will stay within the Biocon Group of Companies and join Biocon Biologics India Ltd. in a new role. …
L&T Technology Services, a leading global pure-play engineering services company, announced that it has been selected by Airbus India to manage their Avionics S/W Development, V&V (Validation & Verification) and Data Analytics. The win has been a direct result of LTTS’ years of expertise in the aviation space and the company’s timely investment in cutting-edge…
Hari Mohan has taken over the charge as Chairman, Ordnance Factory Board (OFB) w.e.f. December 01, 2019 from Saurabh Kumar who superannuated from the services. A 1982-batch Indian Ordnance Factories’ Service (I.O.F.S.) officer with Post Graduate Degree in Mechanical Engineering, Hari Mohan had been a topper of University of Allahabad and University of Pune while…