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[ad_1] Global ed-tech venture headquartered in Singapore, Corporate Gurukul (CG) is on a hiring spree across India and globally. The company plans to increase its workforce from 32 to to 80 and more within the next six months. “Since CG’s inception we have seen steady growth and demand for our experiential learning program that provides students with future skills and enhances their portfolios for university applications abroad. When the Covid-19 pandemic broke out in 2020, we adapted quickly and started offering online programmes as well. Now with the world opening up again, we are offering hybrid programmes that can be delivered online and on-campus. As the business expands across the Asia Pacific, we will be expanding the team in India and globally,” Rajesh Panda, founder and managing director, Corporate Gurukul said. CG plans to expand its workforce across customer success, project, product development, marketing and support teams at all levels from fresh graduates to experienced senior management interested in joining a fast-growing ed-tech company. “We’re looking at expanding the market and venturing into the US and other countries in Africa. We are also firming up partnerships with Stanford University and Carnegie Mellon University, besides looking at similar partnerships with Cambridge and Oxford. In line with this, we plan to expand our solution offerings and grow our workforce in the next six months.” Panda added. CG claims to focus on applied experiential learning programmes for high school students and undergraduates. Since its inception, the company through its short-term upskilling programs with the National University of Singapore (NUS) and Nanyang Technological University (NTU) in Singapore claims to have trained and mentored over 150,000 students across 21 countries over the past 15 years. Currently, the company claims to about 2,000 students graduating from its various courses every year and aims to grow this number to 5,000. India accounts for nearly 40% of the overall business and the company achieved a Compound Annual Growth Rate (CAGR) of 150% over the past five years. Read also: iSchoolConnect introduces iSchoolPrep to help study abroad aspirants prepare for entrance exams [ad_2] Source link

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[ad_1] A shale booster shot: 'Re-fracs' rise as cheap way to lift U.S. oil output [ad_2] Source link

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Dalal Street continued its up-move on Monday’s opening bell. S&P BSE Sensex opened more than 600 points or 1.2% higher, breaching 53,300 levels while NSE Nifty 50 index was up 190 points or 1.21% just shy of 15,900. Bank Nifty was also up with gains, crossing 34,000 and India VIX regained 21 levels. Broader markets followed the up-move. Tech Mahindra was the top Sensex gainer, up 3.47%, followed by HCL Technologies, Infosys, and Larsen & Toubro. Nestle India was the only Sensex stock in red with minor losses. The battle with inflation could be a prolonged one, according to deputy RBI governor Michael Patra. On Friday, Patra said that retail inflation will likely get back to the mid-point of the Reserve Bank of India’s (RBI) medium-term target of 2-6% in two years, given the raft of measures initiated by the monetary and fiscal authorities. Retail inflation slipped to 7.04% in May from a 95-month high of 7.79% in April this year. The fall in inflation came as price pressure across core and food products moderated, partly aided by a somewhat conducive base. Earlier this month, MPC noted that inflation is likely to remain elevated for the first three quarters of the current financial year and projected inflation for the year at 6.7%. [ad_2] Source link

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[ad_1] China's industrial profits slump for second month in May [ad_2] Source link

[ad_1] Prices of metals are falling fast on rising fears of a recession in the world’s top industrial economies, especially the United States, as central bankers tighten monetary policy to fight inflation. The Bloomberg Commodity Index has trended down from levels of 134.9 on April 18 to 121 late last week, a correction of about 10%. Last Friday the IMF slashed its growth outlook for the US but said the country would ‘narrowly” miss a recession. Fears of a weak property market in China have dampened the demand outlook for metals in that market; prices of aluminium on the London Metal Exchange (LME) are down 36% in the past two months. Prices of steel (HRcoils) are ruling at around $1,120 per tonne, down from $1,540 /tonne in early April, while zinc is trading at levels of $3,485/ tonne compared with $4,563/ tonne in mid-April. Bloomberg reported on June 23 that copper, an economic bellwether due to its use across sectors, as also other metals have slumped this month on the prospect of weaker demand following a global economic slowdown. Copper has dropped more than 20% from its high in March and is trading at a 16-month low. Last Thursday, copper futures on the LME slid as much as 5% to $8,338 a tonne, the lowest since February 2021, while tin dropped more than 11% before paring losses, Bloomberg correspondents wrote. While prices recovered slightly thereafter, commodity experts believe there is room for a downslide and forecast another 20% fall. The correction in global prices of metals has impacted stocks of metals producers back home. From its recent peak of 6,755.55 on April 8, the Nifty Metals Index fell to 4,490.75 on June 22, recovering slightly to 4,596.6 on June 24. That’s a steep drop of over 30%. With prices of aluminium having come down sharply, analysts have pruned FY23 Ebitda estimates for makers of aluminium anywhere between 3-18%. They have said producers would be hit not just by lower realisations, but also the higher cost of coal. Analysts at Nomura wrote earlier this month that since the imposition of export duty on steel on May 22, prices of hot rolled coils have already fallen by roughly Rs 8,000/ tonne, compared with their estimate of a maximum decline of Rs 9,800/ tonne. Hot rolled coil prices are ruling at around Rs 61,400/tonne. “End-user industries for steel, both in domestic and in export markets, remain on the side-lines amid weak economic demand and expectation of further decline in steel prices,” they observed. [ad_2] Source link

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[ad_1] Cannabis use has risen with legalization and COVID lockdowns -U.N. report [ad_2] Source link

[ad_1] The Department of Telecommunications (DoT) has decided to auction spectrum in the E and V bands, which have the potential to provide high-speed broadband services especially in remote areas and for better in-building coverage. It will shortly send a reference to the Telecom Regulatory Authority of India (Trai) to seek stakeholders’ comments to finalise pricing and other allocation methodologies to telecom operators and technology firms. However, since 5G auctions are scheduled to start from July 26, the DoT has decided to provisionally allocate the E-band spectrum to telecom operators to aid the launch of 5G services. Telcos, however, will have to give an undertaking that whenever the auction for this band happens, they will pay the market-determined price for it. Earlier, the DoT was considering the option to allocate the E-band spectrum administratively to all the companies, but there was opposition from telecom firms, particularly Reliance Jio, which demanded that all the spectrum be auctioned. Though the Trai in 2014 had recommended a light-touch licensing approach and no auction for the bands, the DoT now feels that the situation has changed over the past six-seven years. “In 2014, the use cases of E and V bands would have been different but now operators will primarily use it as a backhaul for 5G services and for that the option to allocate spectrum on a link-to-link basis may not be cost-effective, given the requirement for putting up large number of sites,” a DoT official said. The DoT feels that with right pricing, it will be better for telecom operators to buy the spectrum in auction. In its 2014 recommendations, Trai had said that both the E and V bands should be opened with ‘light-touch regulation’ and allotment should be on a ‘link to link basis’. It had further said that the E band carrier should be charged at `10,000 per annum per carrier of 250 MHz and that there should be an initial promotional discount of 50% for three years from the date of allocation of the first carrier in this band. In case of the V band carriers, it had said the charges should be `1,000 per annum per carrier of 50 MHz each. Trai had also said that prices would be reviewed after five years based on deployment and usage. The argument by certain players against the auction of these bands was primarily based on the fact that there’s not much the government is going to get by doing so unlike access spectrum. The value of a spectrum band depends upon various factors, like ecosystem, but the most important factor is its propagation characteristics. The lower frequency spectrum is more valuable compared with the higher frequency as the radio waves riding on the former travels farther, thereby requiring fewer base stations, which means less operational costs. The value of E and V band spectrum is low because they have very poor propagation characteristics. These bands are like fibre and can be used for broadband services but not for direct mobile connectivity. According to some analysts, the telecom operators are opposed to the move to delicense the E and V bands as they fear that technology companies may enter into the broadband market and use the delicensed spectrum, which would come free of cost, to provide services to consumers. This may lead to a non-level playing field as telecom operators have spent billions of rupees in acquiring access spectrum to offer the same kind of services. Companies like Microsoft, Google, Facebook, etc, have in the past shown their intent to provide broadband using delicensed spectrum. The spectrum in the E (71-76 GHz and 81-86 GHz) and V (57-64 GHz) bands has the potential to provide high-speed broadband services, especially in rural and remote areas. The E band can be used by mobile operators as a backhaul where fibre is not available. [ad_2] Source link