private funding

Exciting news for Dhanbad as a brand-new medical college is on its way, earmarked for the Sadar Hospital premises with a hefty investment of Rs 400 crore. The site has already undergone inspections, and preparations for land acquisition and the demolition of old structures are in motion.

The 'Super 40' programme has been launched in Rohtak. This initiative offers free coaching for JEE, NEET, and NDA exams to government school students. Education Minister Mahipal Dhanda inaugurated the new session. The programme aims to provide quality preparation and bridge the gap with private coaching. It will offer structured courses and regular assessments for students.

The US department of education has opened an investigation into Smith College over its admission policy allowing transgender women to enrol. The inquiry will examine compliance with Title IX rules on sex-based discrimination and single-sex education. The case follows a complaint and comes amid wider debate on admission policies in women’s colleges in the United States.

Skyroot Aerospace has achieved unicorn status by raising $60 million at a $1.1 billion valuation, becoming India's first space tech unicorn. Co-led by Sherpalo Ventures and GIC, the funding will accelerate Vikram-1 launches, scale manufacturing, and develop Vikram-2. This investment underscores global confidence in India's private space sector.

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee.

Jane Street Group has achieved remarkable financial success, distributing $9.38 billion in compensation last year, a significant surge that dwarfs rivals like Goldman Sachs. The market maker's trading revenue reached $39.6 billion, fueled by its substantial capital base and strategic investments, including a notable stake in AI startup Anthropic.

Funds meant to be paid to workers were siphoned off: Officials

A stunning New Zealand beach, once slated for private sale, was saved by a remarkable collective effort. Nearly 40,000 citizens pooled over NZ$2.2 million, transforming a grassroots idea into a nationwide movement. This powerful demonstration of shared responsibility ensured Awaroa Beach remains a protected public space for all to enjoy, a testament to what community action can achieve.

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, highlighting financial pressures despite efforts to secure funding.