Saw more merit in holding Raymond brand in the new lifestyle co, says CMD Gautam Singhania

A month after announcing demerger plans, Raymond has decided to modify its brand royalty policy and do away with any inter-company brand royalty contracts. “Originally the plan was that the new company, the lifestyle company would pay a royalty to the old company for the use of the brand name. However, we got feedback from investors and from various well-wishers that if we let the new company own the Raymond brand for its product categories, in perpetuity it would be more better for the new company,” said Gautam Singhania, CMD,…

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Debt investment under NPS becomes safer from today. Check new rules

New Delhi: The quality of debt securities that your National Pension System (NPS) fund manager buys may see significant improvement from today. The Pension Fund Regulatory and Development Authority (PFRDA) last month revised the guidelines for the valuation of pension schemes, which becomes effective from today (December 1, 2019). In a circular, the pension fund regulator said that it has made changes in the ‘valuation of debt securities’ as well as ‘valuation policy for securities below investment grade’ in which pension funds in the National Pension System (NPS) can make investments.…

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Babylon Health Gets $2 Billion Valuation With New Funding That Will Help It Expand In U.S.

Ali Parsa CEO and cofounder of Babylon Health. BABYLON HEALTH Babylon Health, a U.K.-based startup whose fast growth has been shadowed by concerns about the efficacy of its telemedicine apps, has raised $550 million in Series C funding, elevating the company to unicorn status. Saudi Arabia’s Public Investment Fund (PIF), which invest on behalf of the Saudi Arabian government, led the round that valued the company at $2 billion with a total of $635 million raised. The new capital will enable the company to expand into more markets including the…

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Draft National Education Policy-2019 | A Vision Document for new India

Government of India has come up with the draft of National Education Policy-2019 for inputs and very soon the policy may be out in its final shape. The draft was submitted to MHRD by Kasturirangan Committee constituted in 2017. This draft policy is formulated in an inclusive, participatory and holistic manner to meet the changing dynamics of the needs and aspirations of new India. The draft policy is developed on five foundational pillars of access, equity, quality, affordability and accountability. It also promotes innovations and research, aiming to make India…

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Budget 2019: New education policy to focus on research

Rs 400 crore allocated for setting-up world-class education institutes The Centre on Friday allocated Rs 400 crore for setting up world-class education institutes and announced ‘Study in India’ programme that will aim at attracting foreign students to the country. Presenting the first Budget of the NDA government in its second term, Union Finance Minister Nirmala Sitharaman said the government will bring in a new national education policy to transform India’s higher education system to one of the best in the world. The policy proposes major changes in both school and…

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New education policy draft hailed

Ludhiana: The Punjab Educationists’ Forum organised a round-table discussion on “NDA’s new education policy” draft at Ramgarhia Girls College today. Principal Inderjit Kaur and president Ranjodh Singh of the Ramgarhia Educational Council extended a cordial welcome to the guests. The forum discussed in detail the proposed draft of the new education policy of the National Democratic Alliance. The forum hailed the merits of the new education policy, which included a change in the age for the Right to Education, from the age of three years to 18 years upto 2030,…

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