Balochistan education endowment fund scholarship 2016 17 merit list

IIT Madras Research Park. The Indian Institute of Technology in Madras (IIT-Madras) has raised Rs 131 crore from alumni and corporates in 2021-22, making it the highest collection by the elite tech school ever. On a year-on-year basis, IIT Madras on May 16 said that its fund raising increased by more than 30 percent. The institute aims to accelerate fundraising by strengthening alumni networks and increasing engagement with corporates, philanthropies and high-net-worth individuals. “Despite the COVID-19 pandemic, the fundraising from alumni, donors and corporate firms has been increasing by over 30 percent Year-on-Year. The number of corporate firms donating funds to IIT Madras through Corporate Social Responsibility (CSR) has almost doubled in the last five years,” according to IIT-M. Fundraising from CSR partnerships accounts for nearly half of the total Rs 131 crore raised in the last financial year. “We are grateful to all the alumni and corporate partners who have … [Read more...] about IIT Madras raises Rs 131 crore from alumni and corporates in FY22, up 30% YoY

- A + A DUBAI/LONDON (May 17): Saudi Aramco is considering an initial public offering (IPO) of its trading arm amid a boom in oil prices in what could be one of the world's biggest listings this year, according to people with knowledge of the matter. The state-controlled oil major is working with banks including Goldman Sachs Group Inc, JPMorgan Chase & Co, and Morgan Stanley as it studies a potential listing of Aramco Trading Co, the people said, asking not to be identified as the information is not public. The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than US$30 billion. Aramco, which recently became the world's most valuable company, could sell a 30% stake in the division, two of the people said, which would make it one of the world's biggest IPOs this year. South Korea's LG Energy Solution raised about US$10.8 billion in January. Other major oil … [Read more...] about Saudi Aramco said to weigh IPO of trading unit amid oil boom

reador founder and chief executive officer (CEO) Brahmal Vasudevan - A + A KUALA LUMPUR (May 17): Creador founder and chief executive officer (CEO) Brahmal Vasudevan and his spouse have pledged to donate RM50 million to the Universiti Tunku Abdul Rahman (UTAR) Education Fund on Tuesday (May 17). In a statement Tuesday, UTAR said the funds are to be utilised for the construction development of an RM330 million not-for-profit teaching hospital at the UTAR Kampar campus in Perak. The university noted that Brahmal and his spouse Shanthi Kandiah, who is the founder of law firm SK Chambers, made the pledge via their trust Alaka Holdings Ltd. “Shanthi and I believe that everyone should have access to affordable, good quality medical care, and we are pleased to make this contribution to UTAR to help make this vision a reality,” Brahmal said in making the pledge. The Creador founder added that the hospital will provide a vital service to the people of Kampar and its … [Read more...] about Creador founder and spouse pledge RM50m donation to UTAR

Source: AFP Japan’s SoftBank Group on May 12 reported a net loss of 1.7 trillion yen ($13 billion) for the fiscal year ended March 31 2022, as the Japanese conglomerate’s listed portfolio companies were hit hard by falling tech valuations across the globe with investors pricing in interest rate hikes and China tightening regulations on the industry. According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter hitting the Japanese investment conglomerate’s profits for the year. The Masayoshi Son-led investment firm had reported a net profit of 4.99 trillion yen ($38 billion) for the previous fiscal year, with the Vision Fund unit clocking a profit of about 4.03 trillion yen. Shares of South Korea’s Coupang Inc and China’s Didi Global, two of SoftBank’s biggest portfolio companies, have plummeted in the Jan-Mar quarter, dragging the Japanese investment conglomerate into losses for the year. … [Read more...] about SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

As part of an overall effort to deal with inequities in the justice system, the White House announced, on April 26, 2022, a series of initiatives to support the reentry of formerly incarcerated persons into the workforce. At the same time came news that President Biden had pardoned three individuals and shortened the sentences of 75 others. These actions were all taken during Second Chance Month, an annual event seeking to "unlock opportunities for the tens of millions of Americans with a criminal record who have paid their debt to society." The initiatives, under the banner "Incarceration to Employment," were launched in order to "break the cycle of crime, and allow law enforcement to focus their time and resources on the most pressing threats to public safety," according to a statement from the White House. Key Takeaways The White House has announced a series of initiatives to help formerly incarcerated persons reenter the workforce. The $145 million, first-ever … [Read more...] about Biden Administration Launches Reentry Program for Formerly Incarcerated People

- A + A MUMBAI (May 17): Shares in Life Insurance Corp of India (LIC) slid nearly 8% on its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed initial public offering (IPO) raised far less than expected for the government. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared with the IPO price of 949 rupees. LIC now has a market value of around 5.54 trillion rupees (US$71.54 billion) and is India's fifth-biggest company. The share-price decline reflects weak overall market sentiment and a slump in the broader market since LIC's IPO opened for subscription on May 4, analysts said, even as the blue-chip NSE Nifty 50 index closed up 2.6% on Tuesday. "We were not expecting a big listing as markets were jittery, expect it to pick up," LIC's chairman M R Kumar told reporters. The government, which had positioned the sale as the first and biggest of a wave of … [Read more...] about LIC shares tumble in market debut after record India IPO

SoftBank CEO Masayoshi Son Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Japan’s SoftBank Group , which has been a prolific tech investor in India and across the world, will be cutting its investments to a fourth in 2022 from a year earlier as valuations of high-growth technology firms have plummeted globally. “In the latest quarter from December to March, compared to the previous quarters, we have made it (investments) smaller. (Our investments had) peaked in Q1 (first quarter) when we made investments of about 2 trillion yen. But in Q4 (fourth quarter) you see a huge decline compared to Q1,” said CEO Masayoshi Son, addressing the press after the Japanese conglomerate declared its earnings earlier in the day. ALSO READ: SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe “Compared to … [Read more...] about SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally

- A + A KUALA LUMPUR (May 17): Here is a brief look at some corporate announcements and news flow on Tuesday (May 17) involving Petronas Chemicals Group Bhd (PetChem), Dialog Group Bhd, Duopharma Biotech Bhd, Yong Tai Bhd, Caely Holdings Bhd, Dagang NeXchange Bhd (DNex), Reservoir Link Energy Bhd, Borneo Oil Bhd, Chin Hin Group Bhd and Sarawak Consolidated Industries Bhd (SCIB). Petronas Chemicals Group Bhd ( PetChem ) is acquiring the entire equity interest in leading specialty chemicals group Perstorp Holdings AB from Financière Forêt SARL for a base purchase of €1.538 billion (RM7.018 billion) cash. The acquisition marks the creation of a significant specialty chemicals portfolio, while enhancing its overall earnings, said PetChem, which together with its unit Petronas Chemicals International BV (PCIBV) has entered into a conditional securities purchase agreement with the seller for the proposed acquisition. Under the deal, PCIBV is required to pay a maximum … [Read more...] about PetChem, Dialog, Duopharma, Yong Tai, Caely, DNeX, Reservoir Link, Borneo Oil, Chin Hin and SCIB

While it is wise to plan your objectives around your financial capabilities, there may be situations where you may have to dip into your financial reserves. Ideally, this is something you want to avoid and this is when a loan from the right lender can help. Whether you need the funds to pay for higher education, travel, or home renovation, a personal loan can come in handy. But you first need to qualify for funds, and most lenders will require you to have a CIBIL score of at least 750. If you are unsure about your score and want to do a CIBIL score check , free services are available. Knowing this information is key, as lenders may not offer easy approval if you don’t have the required score. Fortunately, even with a low CIBIL score, you can get a personal loan. Here’s how. Borrow a smaller sanction Your CIBIL score dictates your creditworthiness and lenders are less likely to offer you a large sum without an adequate score. This is because the lender incurs a greater … [Read more...] about 4 ways to get a personal loan with a low CIBIL score

- A + A KUALA LUMPUR (May 17): Yong Tai Bhd has entered into debt settlement agreements with 19 creditors to pay off RM46 million owed by issuing 92 million new shares at 50 sen per share. Among the creditors are Bursa-listed companies such as Econpile Holdings Bhd and Siab Holdings Bhd. Econpile will receive eight million Yong Tai shares to settle the RM4 million debt owed by Yong Tai while Siab will be issued 12 million shares for RM6 million owed to it. "The proposed debt settlement as well as the listing of and the quotation for the new settlement shares will be implemented after the proposed share consolidation and proposed bonus issue of warrants," said the property developer in a filing with Bursa Malaysia. The company's share price closed at 10 sen, valuing the loss-making firm, which was hit hard by the pandemic, at RM139 million. Yong Tai noted that the settlement amount is non-interest bearing and therefore not included in the total borrowings of the … [Read more...] about Yong Tai to settle RM46 million debts by issuing new shares