After its stock fell 22 per cent on the Bombay Stock Exchange, education solutions provider Educomp Solutions filed a complaint with the Additional Commissioner of Police, Economic Offences Wing, Crime Branch (Delhi Police) to identify the source of malicious emails alleging account manipulation, and has sought action against them.
Leading online education company Educomp Solutions Ltd on Thursday said it would enter the capital markets to raise Rs 50 crore (Rs 500 million) through an initial public offer to fund its global expansion programme.
Amid reports that education-focused IT firm Educomp too fudged accounts just like Satyam Computer did to inflate stock prices, the government on Tuesday said it would seek information from the company.
Looking to add 2 lakh subscribers by next year, e-learning solutions provider Educomp Solutions Ltd on Wednesday launched its new portal Mathguru.com, which will serve as an online tutor to help students solve mathematical problems.
With an FIR filed against it and its stock taking a beating amidst allegations that its account books were manipulated by its promoters, Educomp seems to be in trouble. Managing Director Shantanu Prakash explains the company's stand.
New Delhi-based e-learning company Educomp Solutions has worked on a novel business model under which it will invest over Rs 2,000 crore (Rs 20 billion) to "enable" setting up around 150 schools over the next four years.Under this model, Educomp will earn its return on investment by providing intellectual property (IP) for the schools through its Educomp School Management programme and leasing infrastructure through its subsidiary Educomp Infrastructure.
Quantum (M) has acquired three lakh shares representing 1.18 per cent stake worth Rs 112.35 crore (Rs 1.12 billion) in the company by private placement of shares, Educomp said in a disclosure to the Bombay Stock Exchange. Prior to the acquisition the foreign fund held 4.79 per cent stake, which increased to 5.97 per cent comprising 11.29 lakh shares in the IT education services provider.
The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered, observes Devangshu Datta.
This, Byju, was the time to apply the business lens, treat your company as a business, run your company as a business. Instead, you splurged, observes Suveen Sinha.
Pearson owns various businesses, including the Financial Times Group, Pearson Education and the Penguin Group. Educomp is an education services provider, while Bangalore-based TutorVista is an online tutoring company.
Reliance Communications, Reliance Infratel, Huawei Technologies and Walt Disney Company (India) are among the companies which misused or diverted funds raised from abroad under the ECB route in the last three years, Parliament was informed on Friday.
Shares of companies related to education sector surged as much as 12 per cent on Thursday after Finance Minister P Chidambaram allocated Rs 65,867 crore (Rs 658.67 billion) to the HRD Ministry and said one overarching goal is to provide education and skills to youth for securing jobs in 2013-14.
Expert advice on what you should do with these stocks
Allocation for the sector has been set at Rs 52,057 crore, up from Rs. 31,036 crore in the previous year.
India, with 22 entries, is fourth in terms of the number of the companies included in the list, which is led by Greater China outperforming the others in the Asia-Pacific region with 88 entries followed by Taiwan and Japan with 24 and 23 firms, respectively. The annual 'Best Under a Billion' list picks the best 200 small and medium sized companies from 24,155 listed firms in the Asia-Pacific region.
Education companies have withstood the recent bear onslaught on the stock markets as they have a great future ahead.
Entrepreneurship, education and training will be provided in 2,200 colleges, 300 schools, 500 government ITIs and 50 vocational training centres through massive open online courses.
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A stumbling economy, a falling currency and high inflation, plus weak consumer demand, mean more and more become excess baggage.
With the midcap frenzy on, lets take a look at some IPOs of 2006. Investment Advisor, PN Vijay and Deven Choksey of KR Choksey Securities discuss which ones are still way above their issue price and which ones are languishing.
I would fund the development of a real convergence device
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In total, BSE would shift as many as 40 securities to the trade-for-trade category or 'T' Group while NSE would transfer 18 scrips to the segment on its platform, as per separate notices issued by both the bourses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
It's also among the top five most valuable Internet companies in India, reports Yuvraj Malik.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Education sector has reasosn to cheer Budget.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Education remains one of the key focuses of the new government.
XSEED Education is a curriculum-and training-based learning solution that helps schools improve their teaching techniques. And its impact, even on students with dyslexia and dysgraphia, is remarkable.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Only 2.3% of the Indian workforce has undergone formal skill training, as compared to 68% in UK and 52% in the US
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
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