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CA ties up with IIT-Mum, JGU
Canada’s world-famous Carleton University is set to sign memorandums of understanding (MoUs) with various Indian educational institutions during the visit of it president and vice-chancellor to India next week. Ottawabased Carleton is the only university in the world to have a full-fledged India-centric Centre of Excellence in Science, Technology, Trade and Policy to raise awareness about bilateral studies and public diplomacy, and
develop initiatives to build a better understanding of both countries. University president Roseann Runte, who is leaving for India on Friday, told the sources she would meet top Indian academics and sign MoUs with various institutions during her five-day visit which takes her to Delhi, Mumbai and Hyderabad. “We will sign MoUs with Jindal Global University near Delhi, Jai Hind College under Mumbai University, IIT Mumbai and Petroleum University. These MoUs are geared towards exchange of faculties, students and interns, joint research and programmes, and conducting joint degree courses,’’ she said. During
her visit to Hyderabad, Dr Runte would also meet the president of the Shastri Indo-Canadian Institute which is a binational organization that promotes understanding between India and Canada through academic activities and exchanges. Apart from meeting government officials in Delhi, Dr Runte would also call on Sam Pitroda, chairman of the National Innovation Council, to invite him for the excellence summit to be held at Carleton University in June as part of the Year of India in Canada. “Probably, Mr Pitroda is not in India next week, but I call on his office and formally invite him for the June summit,” she said.
USIEF announces Fulbright fellowship The US-India Educational Foundation (USIEF) has announced the opening of its annual competition for Fulbright-Nehru and other Fulbright fellowship opportunities for study, research, teaching and professional development in the US. Outstanding Indian students, academics, teachers, policy planners, administrators and
professionals in all disciplines can apply, an American embassy statement said on Friday. The India-US bilateral Fulbright agreement has resulted in a significant increase in the number of scholarships awarded each year. USIEF expects to offer approximately 120 Fulbright-Nehru fellowships for Indians in 2012.
SKIL pledges almost entire Everonn stake Nikhil Gandhi’s Skil Infrastructure, which has recently become the copromoter of Chennai-based education company Everonn Education, has pledged almost its entire holdings of 21.02 per cent in the company. As per the disclosure made by Everonn to the stock exchanges, Skil has pledged about 39.11 lakh shares out of its total holdings of 40 lakh shares, which translates into 97.78 per cent of its total holdings. The purpose of the pledge was not disclosed. Skil made an open offer for further 39.4 lakh shares or 20 per cent stake. The open offer, which was initially priced at Rs 536.16 a share was revised upwards to Rs 587.01 a share, following Sebi’s observation letter asking the acquirers to take into account the issue of optionally convertible debentures (OCD) while arriving at the issue price. Skil’s pledge represents 20.55 per cent of the number of shares outstanding of Everonn.
IndiaCan, Edexcel launch WorkFirst IndiaCan, a leading vocational training company launched WorkFirst, the first ever international level certification for vocational skills for entry level jobs. The certification would help first time job seekers get into the fast growing retail, sales and service sectors with a greater degree of confidence and certainty of employment. Developed by IndiaCan and accredited by Edexcel, WorkFirst certification will establish quality and proficiency benchmarks that will enable learners to find easier acceptability in the job market with greater chances of progress within their market sector. It will also help employers access manpower with certified job skills, improving the rate of selection of candidates as well as lowering the need for training, leading to substantial cost saving.
Everonn Education recovers on strong Q3 earnings
Everonn Education jumped 4.66% at Rs. 505 at 10:28 IST on BSE after consolidated net profit rose 56% to Rs. 18.95 crore on 44.2% increase in net sales to Rs. 115.27 crore in Q3 December 2010 over Q3 December 2009. The stock had slumped
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13.47% to Rs. 482.50 in a weak market on Tuesday, 8 February 2011 when the result was announced during trading hours. The stock had lost 18.42% in the preceding three sessions to Rs. 482.50 on 8 February 2011 from a recent high of Rs.591.50 on 3 February 2011. Meanwhile, the BSE Sensex was almost unchanged for the day at 17,775.26. On BSE,
2.20 lakh shares were traded in the counter as against an average daily volume of 1.11 lakh shares in the past one quarter. The stock hit a high of Rs. 514.80 and a low of Rs. 476.55 so far during the day. The stock had hit a 52-week high of Rs. 756.45 on 7 October 2010 and a 52-week low of Rs. 334 on 26 May 2010. The stock had underperformed the market
over the past one month till 8 February 2011, falling 22.41% compared with the Sensex’s 9.73% decline. The scrip had also underperformed the market in past one quarter, sliding 27.10% as against 14.75% decline in the Sensex. The small-cap education service provider has an equity capital of Rs. 15.12 crore. Face value per share is Rs. 10.