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Despite Increased Transactions, M&A Activity Sees Sharp Decline in April

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According to a report by a consultancy firm, the overall merger and acquisition (M&A) activity by value witnessed a significant decline of 60% in April, totaling $5.192 billion compared to March’s $12.934 billion. Surprisingly, there was a 24% increase in the number of deals, totaling 176 transactions during the month. The decline in value was particularly notable in merger and acquisition transactions, which dropped by 75% to $2.526 billion, down from $10.212 billion in March. Private equity transactions, on the other hand, saw a marginal decrease to $2.666 billion. Within the M&A landscape, outbound deals experienced the sharpest decline, plummeting to $24 million compared to $9.072 billion in the previous month. The highest M&A activity of the month was attributed to the Adani group’s 8% stake increase in Ambuja Cement and ACC, amounting to a cumulative $1.8 billion in two transactions. Despite the dip in M&A activity, the outlook for 2024 remains positive, with India poised for growth and investment opportunities. Factors influencing the domestic markets in the near term include the outcome of the Lok Sabha elections and global and domestic trends in interest rates driven by inflation and supply chain dynamics. Overall, while the number of transactions increased, the decline in M&A activity by value underscores the complexities and challenges within the market landscape.  

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Saudi Arabia Reports Three New MERS Cases, Highlighting Risks and Differences from COVID-19

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The Saudi health ministry has notified the World Health Organization (WHO) of three new Middle East Respiratory Syndrome (MERS) coronavirus cases in Riyadh, Saudi Arabia. Sadly, one of these cases resulted in death. All three individuals were male, aged between 56 and 60, with pre-existing health conditions. None of them were healthcare workers. This brings the total number of MERS cases reported in Saudi Arabia in 2024 to four, with two fatalities. Dr. Syed Abdul Aleem, a Pulmonology Consultant at CARE Hospitals in Musheerabad, Hyderabad, explains that MERS-CoV is a viral respiratory illness caused by the MERS strain of coronavirus. Unlike COVID-19, MERS tends to be more severe with a higher mortality rate but is less contagious. It is primarily transmitted from camels to humans, with limited human-to-human transmission. Risk factors for MERS-CoV include close contact with camels or living in endemic regions, along with underlying medical conditions such as diabetes or chronic lung disease. Symptoms are similar to COVID-19, including fever, cough, and shortness of breath, but MERS can progress to severe respiratory illness, leading to pneumonia and acute respiratory distress syndrome (ARDS). Some individuals may also experience gastrointestinal symptoms like diarrhea. Management involves supportive care, with severe cases requiring hospitalization and supportive measures like supplemental oxygen therapy and mechanical ventilation. There is no specific antiviral treatment for MERS, but prevention measures include avoiding close contact with camels, practicing good hand hygiene, and avoiding contact with sick individuals. This highlights the importance of understanding the differences between MERS and COVID-19 and taking appropriate precautions to prevent transmission and manage cases effectively.  

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Delhi Govt Schools Achieve Remarkable Record with 96.99% Pass Percentage in Class 12

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Delhi government schools have outperformed the national average with a remarkable 96.99% pass percentage in the Class 12 CBSE examinations, according to the results released. Similarly, in Class 10, these schools achieved a pass percentage of 94.2%, showing a significant improvement of 8.36 percentage points over the previous year and surpassing the national average of 86.7%. Delhi Chief Minister Arvind Kejriwal extended his congratulations to the students and the education department staff for this outstanding performance. This year, 151,429 students from government schools appeared for the Class 12 board exams, with 146,885 students clearing the exam. The pass percentage of 96.99% is notably higher than last year’s 91.59% and exceeds the pass percentage of 94.18% recorded by private schools in the capital. Furthermore, 307 government schools in Delhi achieved a 100% pass result in the Class 12 exams, more than doubling the previous year’s figure of 118 schools. Additionally, 863 schools recorded more than a 90% pass rate, an increase from 647 schools last year. Education Minister Atishi applauded the efforts of students, teachers, and parents for this remarkable achievement, emphasizing that Delhi’s education model sets an example for the nation. While the pass percentage for Class 10 in government schools improved to 94.2%, up from 85.84% last year, it was slightly lower than the 95.68% pass percentage recorded by private schools in the capital. Atishi encouraged students who did not clear the main exam not to lose hope and urged them to strive for improvement. However, Delhi BJP president Virendra Sachdeva dismissed the AAP’s claims of improved performance, citing alleged failures of underperforming students in Class 11. Overall, the results reflect the continued commitment of the Delhi government to provide quality education and maintain the trust of parents in government schools under the leadership of CM Arvind Kejriwal.  

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CBSE Results 2024 (OUT) Live Updates: CBSE Class 12 Records 87.98% Pass Percentage, Class 10 Secures 93.60%; PM Modi Congratulates Students

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CBSE has announced the results for the Class 10 and Class 12 exams for the year 2024. The pass percentage for Class 12 stands at 87.98%, while for Class 10, it is 93.60%. Students can check their results on the official websites — results.cbse.nic.in, cbse.gov.in, or cbseresults.nic.in. The Class 10 exams took place from February 15 to March 13, while the Class 12 exams were held from February 15 to April 2, 2024. Both exams were conducted in a single shift, from 10:30 AM to 01:30 PM, across various examination centers. A total of 39 lakh students from 26 different countries appeared for the exams, with 5.80 lakh students from the national capital alone. The CBSE has decided to discontinue the tradition of announcing merit lists for the top-performing students in both Class 10th and 12th exams to reduce unhealthy competition among students. Prime Minister Modi has extended his congratulations to the students on their performance in the CBSE exams. Students can access their results online and check their marks and overall performance.

CBSE Results 2024 (OUT) Live Updates: CBSE Class 12 Records 87.98% Pass Percentage, Class 10 Secures 93.60%; PM Modi Congratulates Students Read More »

12th New Normal – Education Leadership Summit & Awards 2024

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12th ‘New Normal – Education Leadership Summit & Awards 2024’ #ELSAUttarPradesh #ELSALucknow #ArdorComm #NewNormal Theme : Innovate to Elevate: Redefining Education, Skills and Employability in the 21st Century Workplace ArdorComm Media Group, a growing media organisation in India, will be hosting 12th New Normal- Education Leadership Summit & Awards 2024, in Lucknow on 2nd Aug 2024 ‘Uttar Pradesh’ (UP) stands as a premier education & skilling destination of our country. It houses several prestigious educational institutions, schools, universities, colleges, and research centers, making it a focal point for academic pursuits. Cities like Lucknow, Noida, Ghaziabad, Allahabad (Prayagraj), Varanasi, Kanpur, Agra, Aligarh and Gorakhpur have long been recognized for their educational infrastructure and institutions. UP is emerging as a significant education destination with its diverse range of educational institutions, rich cultural heritage, and historical significance. Academicians, Educators, Startups, Edtech & Industry leaders will converge to share their insights, experiences, and accomplishments, all in pursuit of sustainable growth for the education community. ArdorComm media will recognize and honor individuals – institutions whose contribution have tirelessly worked towards the betterment of education, shaping a brighter future for learners worldwide. Join us this moment of celebration & knowledge sharing!! Day 0 SESSIONS 0 + SPEAKERS 0 + SCHOOLS 0 + HIGHER EDUCATION 0 + GOVERNMENT DIGNITARIES 0 + CORPORATE 0 + EDTECH STARTUPS 0 + KEY DISCUSSION POINTS Future-Ready Curriculum: Innovations in Educational Content and Delivery Digital Disruption: Transformative Technologies Shaping the Future of Education and Work Skill Evolution: Adapting Learning Pathways to Meet the Demands of the New Economy Creative Careers: Navigating Non-Traditional Employment Opportunities in the Digital Era Edu-Tech Innovations: Leveraging Technology to Enhance Teaching, Learning, and Employability PARTICIPATION FROM Government Dignitaries Educators Corporate EdTech Startups HRs OUR SPEAKERS OUR PARTNERS Host Gold Partner Display Solution Partner Online Learning Partner Credential Partner Associate Partner Associate Partner Exhibitor Exhibitor COMMUNITY PARTNERS EDUCATION HEALTH & WELLNESS HUMAN RESOURCE GOVERNANCE MEDIA ENTERTAINMENT & ART ARDORCOMM EDUCATION LEADERSHIP AWARDS 2024 Indian Educators, Academicians, Institutions, EdTech companies & Startups have set an incredible example of excellence in front of the whole world during this unprecedented times, by adapting changes, transforming, re-skilling & re-inventing, ArdorComm Media, a growing media company in India has announced “New Normal- Education Leadership Summit & Awards 2024” to recognize & felicitate the exemplary contributions and innovative initiatives taken by the Preschools, Schools, Higher educational institutions, Corporate and EdTech Startups associated with the education sector. ArdorComm Media would like to honor the Trendsetters, Innovators, Education Leaders, Institutions and Organizations that have been providing excellence and outstanding accomplishment in the education sector.Ardorcomm Media Awards 2024 aims to acknowledge those individuals, educational institutions, and EdTech companies that have played a key role in transforming the teaching, learning and employability outcomes. The prestigious award will bring recognition and visibility for an institution/ organization across the sector. This summit will bring together the top notch industry leaders and key decision makers from the education sector, to enrich the community by sharing their insights and knowledge with the stakeholders, which will eventually bring a paradigm shift in the education sphere within various parts of the country. AGENDA Time Topic 9:00 AM – 9:45 AM Panel 1 (HE + K12) -: Future-Ready Curriculum: Innovations in Educational Content and Delivery 9:45 AM – 11:00 AM Inaugural Session:- Innovate to Elevate: Redefining Education, Skills and Employability in the 21st Century Workplace 11:00 AM – 11:15 AM Networking Tea 11:15 AM – 12:15 PM Panel 2 – K12 :- Digital Disruption: Transformative Technologies Shaping the Future of Education and Work 12:15 PM- 12:25 PM Industry Speech 1 12:25 PM – 12:45 PM Industry Speech 2 12:45 PM -1:45 PM Panel 3 – HE :- Skill Evolution: Adapting Learning Pathways to Meet the Demands of the New Economy 1:45 PM – 2:20 PM Networking Lunch 2:20 PM – 3:20 PM Panel 4 – HE :- Creative Careers: Navigating Non-Traditional Employment Opportunities in the Digital Era 3:40 PM – 4:40 PM Panel 5 – HE :- Edu-Tech Innovations: Leveraging Technology to Enhance Teaching, Learning, and Employability 4:40 PM – 5:00 PM Networking Tea 5:00 PM – 6:00 PM Valedictory Session: Felicitation & Award Ceremony Time Topic 9:30 AM – 11:00 AM Inaugural Session :- INDIA’s Vision 2030: A Move to Improve Education & Skills in 21st Century Workplace 11:00 AM – 11:15 AM Networking Tea 11:15 AM – 12:15 PM Panel 1 :- Disruptive Technologies Transforming Education in the 21st Century 12:15 PM – 12:25 PM Industry Speech 1 12:25 PM- 12:35 PM Industry Speech 2 12:35 PM – 1:35 PM Panel 2 :- Need of an Effective Early Childhood (ECE) Curriculum for a Sustainable Development Goal. 1:35 PM – 2:15 PM Networking Lunch 2:15 PM – 3:15 PM Panel 3 :- STEM-based learning and skill-based education, most progressive education trends 3:15 PM – 3:25 PM Industry Speech 3 3:25 PM – 3:35 PM Industry Speech 4 3:35 PM – 4:25 PM Panel 4 :- How NEP 2020 Policy Aims to make Education More Inclusive, Equitable, and Holistic? 4:25 PM – 4:40 PM Networking Tea 4:40 PM – 4:50 PM Industry Speech 5 4:50 PM – 6:00 PM Valedictory, Felicitation & Award Ceremony VENUE Taj Mahal Lucknow Gomti Nagar Ext Bypass Rd, Vipin Khand, Gomti Nagar, Lucknow, Uttar Pradesh 226010

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Sodalis Group Acquires Majority Stake in Germany’s Artdeco Group

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While the financial terms of the deal have not been disclosed, it’s understood that Sodalis Group will obtain more than an 80 percent stake in the firm. The transaction is anticipated to be finalized by early June, pending necessary clearance from antitrust authorities. Founded in 1985 by Helmut Baurecht, Artdeco Group comprises three brands: Artdeco, Make up Factory, and Anny. Artdeco, the flagship makeup label, is a prominent name in the German selective makeup market, known for its affordable pricing and extensive product range. The brand enjoys widespread presence, with over 90 percent of German perfumeries and department stores carrying its products. In 2023, the brand contributed to 84 percent of the group’s total sales, which amounted to 72 million euros, marking a 16 percent year-over-year increase. This acquisition represents a strategic move by Sodalis Group to strengthen its presence in the health, beauty, and personal care sector and expand its portfolio with established brands in the German market.

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CBSE Class 10th Supplementary Exam Date Sheet and Reevaluation Dates Released

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The Central Board of Secondary Education (CBSE) has announced the date sheet for the supplementary exams and reevaluation dates for the Class 10th board exam 2024. Students can access this information on the official website, cbse.gov.in. The supplementary exams for Class 10 will commence from July 15, with the verification of marks starting from May 17 and lasting for 5 days. The window for applying for reevaluation of answer sheets will open on June 6 and will be available for two days only. CBSE has emphasized that no applications will be accepted after the deadline, and all applications must be submitted online. This year, the overall pass percentage for Class 10th 2024 stands at 93.60%, showing a slight increase from the previous year’s 93.12%. The number of students placed in compartments (full subjects) has decreased from 6.22% in 2023 to 5.91% this year. Here’s how to access the CBSE Class 10th Supplementary Exam Date Sheet and apply for reevaluation: CBSE Board Class 10th Supplementary Exams Date Sheet: Visit the official website, cbse.gov.in. Click on “Important Notices” on the homepage. Find and click on the supplementary date sheet link. Save and download the date sheet for future reference. CBSE Board Class 10th Result 2024 Reevaluation Process: Go to the official website – cbse.gov.in. Navigate to the revaluation application link on the homepage. Log in using your necessary credentials. Fill up the application form and complete your registration, including fee payment. Download the form and payment confirmation slip for future reference. Additionally, CBSE has announced that no overall division, distinction, or aggregate will be awarded to students appearing for the Class 10 and Class 12 exams in 2024. The decision to determine the best five subjects for candidates taking more than five subjects will be made by admitting institutes or employers recruiting CBSE board students.

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Disney’s Streaming Profit Surprises Amidst Decline in Traditional TV Business

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Disney’s unexpected profit in its streaming entertainment division contrasted with a downturn in its traditional TV business and weaker box office performance, causing its shares to drop 6% before the market opening on Tuesday. The company’s streaming division, including Disney+ and Hulu, reported operating income of $47 million for the January-March period, a significant improvement from a loss of $587 million a year earlier. However, the combined streaming business, including ESPN+, still reported a loss of $18 million, though narrower compared to the prior year’s loss of $659 million. While streaming showed promise, revenue from Disney’s traditional television business declined by 8% to $2.77 billion, with operating profit falling 22% from a year ago. Despite this, CEO Bob Iger expressed confidence in the company’s direction, emphasizing the transition to a new era marked by solid performance and global content creation. Iger, who returned from retirement in November 2022, implemented cost-cutting measures expected to reach $7.5 billion by September. Additionally, Disney announced a significant investment in theme parks and plans for a standalone ESPN streaming app. The unexpected profit from streaming was attributed to aggressive cost management, with Disney+ adding over 6 million customers during the quarter. Despite streaming’s growth, costs associated with streaming cricket may lead to a loss in the current quarter but a return to profit in the following period. Looking ahead, Disney anticipates that the combined streaming unit will generate a profit in the fiscal fourth quarter, becoming a significant growth driver for the company with improved profitability expected for fiscal 2025. In summary, Disney’s latest earnings report reflects a mixed performance, with streaming showing promise amidst challenges in the traditional TV business. However, the company remains optimistic about its future prospects, buoyed by strong results in theme parks and ongoing efforts to enhance its streaming offerings.  

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Government Notifies Tri-Service Act, Paving the Way for Unified Theatre Commands

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The government has taken a significant step towards military integration and efficiency by enforcing the Inter-Services Organisations (Command, Control and Discipline) Act, paving the way for the creation of unified theatre commands. This landmark move aims to streamline command and control structures, leading to better operational synergy and effectiveness. The enforcement of the ISO Act, which received presidential assent on August 15 last year and was passed by Parliament during the monsoon session, marks a crucial milestone in the most radical military reorganization since Independence. This development comes in line with the BJP manifesto’s commitment to establish military theatre commands for more efficient operations, following the creation of the chief of defence staff (CDS) post in December 2019. CDS General Anil Chauhan chaired a “Parivartan Chintan” recently, during which sub-committees made presentations on various domains and aspects towards jointness and integration, signaling the impending establishment of integrated theatre commands (ITCs). The momentum for ITCs had stalled after the unfortunate demise of the first CDS Gen Bipin Rawat in December 2021, amidst inter-service turf conflicts. India’s transition to a cost-effective war-fighting machinery through ITCs is imperative, considering the inefficiencies of the existing 17 single-service commands. The ISO Act empowers military commanders of tri-service organizations with administrative and disciplinary powers over personnel from the Army, Navy, and IAF, without compromising the unique service conditions of each service. The ISO Act is instrumental in enabling requisite command and control structures for proposed ITCs. The current plan includes two adversary-specific ITCs—one for the northern borders with China at Lucknow and another for the western front with Pakistan at Jaipur. Additionally, the Maritime Theatre Command at Karwar in coastal Karnataka will cover the Indian Ocean Region and the larger Indo-Pacific. The Ministry of Defence stated that the Act will empower the heads of ISOs, expedite case disposal, avoid multiple proceedings, and foster greater integration and jointness among the armed forces. This move underscores the government’s commitment to modernizing India’s defence infrastructure and enhancing its strategic capabilities.    

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John Malkovich Joins Marvel’s Fantastic Four Cast

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Marvel’s upcoming film “The Fantastic Four” has added acclaimed actor John Malkovich to its star-studded cast. While Malkovich’s role remains under wraps, speculation suggests he could portray a significant supervillain character in the movie. Malkovich joins a talented ensemble cast, including Pedro Pascal, Vanessa Kirby, Joseph Quinn, Ebon Moss-Bachrach, Julia Garner, and Paul Walter Hauser, promising an exciting cinematic experience. Fans speculate that Malkovich may portray iconic villains from the comics, such as the Wizard or the Beyonder, offering endless possibilities for the character’s storyline. With a remarkable filmography that includes classics like “Dangerous Liaisons,” “In the Line of Fire,” “Being John Malkovich,” and “The Hitchhiker’s Guide to the Galaxy,” Malkovich brings his immense talent and versatility to the Marvel universe. He has also showcased his talent in animated family films like “Penguins of Madagascar” and has recently appeared in acclaimed series such as “Ripley” on Netflix and “The New Look” on Apple TV+. Directed by Matt Shakman and written by Eric Pearson, Josh Friedman, Jeff Kaplan, Ian Springer, and Peter Cameron, “The Fantastic Four” is produced by Marvel Studios chief Kevin Feige. The highly anticipated film is scheduled to hit theaters on July 25, 2025.

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