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Tuesday, February 24, 2026 12:54 PM

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Odisha Government Declares Summer Vacations Amid Rising Temperatures

News on Government

In response to the prevailing intense heatwave conditions in Odisha, the state government has announced summer vacations for school students starting from April 25. This decision applies to all schools, including government, government-aided, and private institutions. To mitigate the effects of the rising temperatures, the government has also implemented morning classes from 6:30 am to 10:30 am in schools for three days, scheduled from April 22 to April 24. Earlier measures included the closure of all schools in the state for three days from April 18 to 20 due to the severe heatwave situation, with temperatures exceeding 45 degrees Celsius in certain areas. According to reports, several towns in Odisha, including Jharsuguda and Keonjhar, recorded temperatures as high as 43.6 degrees Celsius, prompting concerns about the health and well-being of residents. Other areas such as Hirakud, Rourkela, Sambalpur, Bhubaneswar, Chandbali, and Balasore also experienced temperatures above 40 degrees Celsius. This decision by the Odisha government aims to ensure the safety and comfort of students during the sweltering summer months.

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IRDAI Removes Age Limit for Health Insurance, Enhancing Coverage and Accessibility

News on Health

The Insurance Regulatory and Development Authority of India (IRDAI) has taken a significant step towards enhancing healthcare accessibility and coverage by eliminating the age limit of 65 years for individuals purchasing health insurance policies. This move aims to foster a more inclusive healthcare ecosystem and provide comprehensive protection against unforeseen medical expenses. Key Points: Removal of Age Limit: Previously, individuals were restricted from purchasing new health insurance policies after the age of 65. However, the recent amendment, effective from April 1, allows individuals of any age to buy new health insurance policies. Inclusive Product Offerings: IRDAI mandates insurers to offer health insurance products catering to all age groups. Insurers are encouraged to design specific products tailored for senior citizens, students, children, maternity, and other specified groups. Coverage for Pre-Existing Conditions: Insurance companies are now required to provide coverage for individuals with pre-existing medical conditions, such as cancer, heart or kidney failure, and AIDS. Denial of coverage based on pre-existing conditions is prohibited. Flexible Premium Payment: Insurers are permitted to offer premium payment options in instalments, enhancing convenience for policyholders. AYUSH Treatment Coverage: There is no limit on coverage for treatments under Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy. Such treatments will receive coverage up to the sum insured without any cap. Multiple Claims Filing: Policyholders with benefit-based policies can file multiple claims with various insurers, providing flexibility and choice. Specialised Channel for Senior Citizens: The regulation establishes a specialised channel to handle complaints and claims of senior citizens, ensuring a tailored and responsive approach to their requirements. The removal of age restrictions and the introduction of comprehensive coverage for pre-existing conditions signify a significant step towards enhancing healthcare access and protection for individuals across all age groups in India.  

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NAGA Shareholders Overwhelmingly Approve Merger with CAPEX.com

News on HR

NAGA Group AG’s shareholders have voted with an overwhelming majority of 99.81% in favor of the proposed merger with CAPEX.com. The Extraordinary General Meeting (EGM), held on April 12th, witnessed strong confidence in the merger, marking a significant step forward for both entities. During the EGM, the newly appointed CEO of NAGA AG, Octavian Patrascu, outlined his vision for the “New NAGA,” emphasizing innovation and expansion within the financial services landscape. Key highlights from his presentation included plans for market expansion, product enhancements, and the introduction of the NAGA SuperApp, aimed at offering a comprehensive range of services to users worldwide. The strategic merger with CAPEX.com is poised to capitalize on synergies between the two companies, with internal evaluations projecting potential annual synergies exceeding $10 million. Pending regulatory approval, the merger is expected to enhance NAGA’s financial efficiency and market reach, bolstered by Capex’s skilled management and proven track record. Commenting on the approval, Octavian Patrascu expressed excitement about the prospect of executing the new business plan, underscoring the expanded global reach and upgraded user experience offered by the “New NAGA.” With his personal financial investment in the deal, Patrascu brings over 15 years of experience in leading multinational ventures to achieve global prominence. The merger positions NAGA to benefit from an expanded user base of over 1.6 million registered users, with plans to achieve over 5 million registered users by 2025/26. Leveraging NAGA’s technological ecosystem and Capex’s international operational infrastructure, the “New NAGA” aims to optimize client value and profitability, driving long-term growth and success. NAGA is a leading German Fintech Company offering a SuperApp that merges social trading, stock investing, cryptocurrency, and neo-banking into a unified platform. With operations in over 100 countries and 9 local offices, NAGA provides diverse services for both fiat and cryptocurrencies, fostering an inclusive and efficient financial ecosystem for personal finance and trading.  

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Early Summer Break Announced for Government Schools Due to Heatwave

News on Education

In response to the prevailing heatwave, the school education department has issued a notice announcing an early start to the summer vacation in government and government-aided schools. Originally scheduled to commence on May 6, the summer break will now begin on April 22, Monday, with schools set to reopen on June 3. Key Points from the Notice: Exemption for Hill Areas: Schools in the hill areas of Darjeeling and Kalimpong districts will continue with their existing academic schedule and are exempted from the early summer break. Arrangements for Extra Classes: Teaching and non-teaching staff have been instructed to make necessary arrangements for extra classes after schools reopen to compensate for the lost time. Applicability to Staff: The early break applies to both teachers and non-teaching staff, who will remain on leave as a special case, subject to directions from election authorities due to the Lok Sabha polls. Communication with Affiliated Boards: The school education department has notified the Central Board of Secondary Education (CBSE) and the Council for Indian School Certificate Examinations (CISCE) regarding the early summer break and requested their cooperation. An education department official highlighted the prevailing heatwave conditions and emphasized the importance of prioritizing student safety by avoiding school attendance. In past years, private schools have been urged to align with government directives regarding summer breaks due to extreme heat. The department underscores the necessity of compensatory classes to ensure students are adequately prepared for summative examinations amidst the shortened academic calendar. The decision to extend the summer vacation reflects the government’s commitment to safeguarding student well-being during periods of extreme weather.

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IIT Jodhpur and DRDO Inaugurate DIA-CoE for Cutting-edge Research Technology

Indian Institute of Technology Jodhpur (IIT Jodhpur) in collaboration with Defence Research and Development Organisation inaugurated the DRDO-Industry-Academia Center of Excellence (DIA-CoE) today, 19th April 2024. The DIA-CoE is poised to revolutionize interdisciplinary research and foster the next generation of innovators in defense technology through collaboration between academia, industry, and DRDO research labs. The inauguration ceremony witnessed the esteemed presence of Dr. Samir V. Kamat, Secretary, Department of Defence R&D and Chairman, DRDO, alongside Prof. Santanu Chaudhury, Director, IIT Jodhpur, Dr. Subrata Rakshit, Director General (TM) DRDO Hq., and Prof. Samanwita Pal, Dean R&D, IIT Jodhpur. The Center of Excellence will spearhead directed research in identified verticals, including Desert Warfare Technologies, Futuristic Omni Mobility Systems, and Artificial Intelligence for Information and Wargaming Technologies. Furthermore, it will undertake science and technology initiatives as identified by DRDO, heralding a new era of innovation and collaboration.   In his address, Dr. Samir V. Kamat expressed his optimism about the collaborative venture, stating, “This day marks a very important milestone in the journey of DIA-CoE.  We aim to utilize DIA-CoE as means for building an ecosystem comprising DRDO labs, academia, and industry. It is our wish that in the years to come, these Centers of Excellence will be like the hubs in the United States where MIT Caltech, Stanford played a big role in making the US a superpower in technology. We hope that these centers will provide us with the same impetus to build a nation that leads in technology, fulfilling the wish of our Prime Minister.” Under the first phase of collaboration, IIT Jodhpur and DRDO will embark on a diverse range of innovations, encompassing projects such as Multi-agent Amphibious Quadcopter System, Bioinspired Flapping Wing Model, AIOT Based Water Monitoring Technologies, Smart Apparel for Desert Warfare, and more. Additionally, future projects in the pipeline will delve into critical areas such as Cold Plasma-based technologies, Hydrogen-based power generation systems, and Energy Harvesting for defence applications, among others.   Prof. Santanu Chaudhury, Director, IIT Jodhpur, emphasized the significance of this collaboration, stating, “Centers like these should really evolve into hubs of R&D, addressing the defence capability needs of our country. Research is profoundly fundamental to have new technologies invented. However, it must not end with invention alone; the entire journey towards innovation, product development, and implementation is equally imperative. This holistic approach is exceptionally critical, underscoring the unique role of this center. It transcends mere academic research, delving into real-world problems that demand solutions, yet it does not stop there—it progresses towards transformation. This comprehensive ecosystem marks a significant step, one that academia must wholeheartedly appreciate and take it forward.” The establishment of the DIA-CoE at IIT Jodhpur, initiated through a Memorandum of Understanding (MoU) signed on 6th October 2022, underscores a concerted effort to pursue directed basic and applied research in identified verticals, with the overarching goal of developing futuristic technologies and products to meet defence requirements. Shri Ravindra Kumar, Former Director of Defence Laboratory Jodhpur, currently serves as the Director of the center, overseeing its strategic initiatives and collaborative endeavors. DRDO will finance all research projects undertaken by the Centre, facilitating interaction between IIT Jodhpur faculty and different DRDO laboratories to identify areas of research and coordinate their execution. IIT Jodhpur’s expertise in multiple domains directly connected with strategic and warfare areas, such as Technologies for desert operations, Artificial Intelligence, Augmented Reality, Virtual Reality, Mobility, and Robotics, positions it as a fitting choice for DRDO to establish the CoE. The DIA-CoE at IIT Jodhpur embodies a symbiotic partnership between academia, industry, and the defence establishment, aimed at harnessing collective expertise and resources to tackle complex challenges in defence technology. By leveraging talent and state-of-the-art infrastructure, the Center endeavors to emerge as a global leader in identified areas of research.

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Max Healthcare’s Ambitious Expansion Plans in Uttar Pradesh

Blog on health

Max Healthcare Institute Ltd (MHIL), a prominent private hospital chain based in Delhi, has recently unveiled its ambitious plans to invest a staggering ₹2,500 crore in developing hospitals in Lucknow and bolstering its presence in Uttar Pradesh (UP). This strategic move underscores the company’s commitment to providing top-notch healthcare services and contributing to the state’s economic growth. The announcement, made by Abhay Soi, Chairman and Managing Director of Max Healthcare, highlights the company’s vision to actively participate in UP’s journey towards achieving a $1 trillion economy by 2027. With a keen focus on expansion and innovation, MHIL aims to play a pivotal role in the state’s healthcare landscape. A significant portion of the investment will be allocated towards the development of a new 500-bed hospital and the expansion of the recently-acquired Max Super Specialty Hospital in Lucknow. This expansion initiative is a testament to MHIL’s dedication to meeting the growing healthcare needs of the region and catering to a larger patient base. The acquisition of the 550-bed Sahara Hospital, now rebranded as Max Super Specialty Hospital, has significantly bolstered MHIL’s presence in UP. With approximately 700 beds in its arsenal post-acquisition, the company is poised to emerge as a key player in the state’s healthcare sector. Furthermore, MHIL’s investment plan includes doubling its overall capacity across its network of hospitals by adding a whopping 4,200 beds over the next four to five years. This ambitious endeavor underscores the company’s commitment to expanding access to quality healthcare services and addressing the escalating demand for medical facilities. In addition to creating a substantial number of employment opportunities, MHIL’s investments are set to usher in cutting-edge medical technologies and advancements. From robotics to radiation therapy in oncology, the company aims to introduce state-of-the-art medical equipment and procedures, ensuring that patients receive the highest standard of care. Max Healthcare’s expansion in UP is not merely about infrastructure development; it is also about enhancing medical education and research. The company’s investment will provide a significant boost to nursing education and facilitate the adoption of advanced medical practices. With these strategic investments, Max Healthcare is poised to become the largest private healthcare provider in Uttar Pradesh, with over 2,000 beds serving approximately 1.5 million people. The upgraded facilities, including the introduction of the Max Institute of Cancer Care and the expansion of organ transplantation programs, underscore the company’s commitment to delivering comprehensive and specialized healthcare services. Moreover, the planned enhancements to the Lucknow facility, such as the introduction of world-class robotic surgical systems and the strengthening of tertiary and quaternary care services, signal MHIL’s dedication to elevating healthcare standards in the region. In conclusion, Max Healthcare’s ambitious expansion plans in Uttar Pradesh represent a significant milestone in the company’s journey towards redefining healthcare delivery in the state. With a strong emphasis on innovation, accessibility, and quality, MHIL is poised to make a lasting impact on the healthcare landscape of Uttar Pradesh, setting new benchmarks for excellence in the industry.

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Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global

News on MEA

Sony Pictures Entertainment and Apollo Global Management are in discussions regarding a potential joint bid for Paramount Global, according to reports from the New York Times and sources familiar with the matter. While the conversations are ongoing, several challenges must be addressed before a formal offer can be made. Apollo Global Management had previously considered solo bids for Paramount Global, including a $26 billion offer and an $11 billion offer for the Paramount Pictures film studio. However, Paramount Global is currently engaged in exclusive negotiations with Skydance Media, exploring a merger that would integrate Paramount into Skydance under the leadership of Skydance CEO David Ellison. Paramount Global has established a special committee to evaluate offers and options, expressing reservations about Apollo’s bids due to concerns about regulatory approval and the potential impact of a financial buyer on the company’s assets. The proposed joint bid between Sony and Apollo entails Sony Corp. contributing Sony Pictures Entertainment to the joint venture, with both parties providing cash to facilitate the transaction. Sony would emerge as the majority owner of the combined entity, which would also include CBS. However, structuring the deal would require careful consideration, particularly regarding FCC regulations concerning foreign ownership of broadcast TV stations, given CBS’s ownership of 28 TV stations. While a representative for Apollo has yet to comment on the discussions, a Sony spokesman declined to provide further details. If successful, the partnership between Sony and Apollo would mark a significant shift for Sony Corp., which has maintained a Hollywood presence for over three decades. This potential move comes amid ongoing speculation about Sony’s commitment to its Hollywood investment. Meanwhile, the Skydance scenario involves keeping Paramount Global as a publicly traded entity, with Skydance and RedBird Capital Partners injecting capital to alleviate its substantial debt burden. The transaction would also usher in a change in leadership, with David Ellison assuming the role of CEO. However, concerns have been raised by some shareholders regarding the potential enrichment of controlling shareholder Shari Redstone in the Skydance deal. Skydance and RedBird are reportedly planning a roadshow to garner support from common shareholders, although the addition of Sony to the negotiations may complicate matters.

Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global Read More »

UP Education Department Introduces Question Banks for 25 Lakh Students in Classes 9 and 10

News on Education

In a groundbreaking initiative, the Uttar Pradesh Basic Education Department has developed question banks tailored for over 25 lakh students enrolled in grades 9 and 10 across more than 27,000 schools affiliated with the UP Board. These question banks are strategically designed to bolster students’ preparation for competitive examinations such as those for engineering and medical entrances. Collaborating with esteemed institutions including the National Council of Educational Research and Training (NCERT) in New Delhi, the State Institute of Science Education (SISE), and subject matter experts from select universities, colleges, and secondary schools, the UP education department has curated comprehensive question banks for science and mathematics subjects. Under the guidance of Vijay Kiran Anand, former State Project Director of Samagra Shiksha Abhiyan, the responsibility of developing these question banks was entrusted to the State Science Education Institute in Prayagraj. The science question bank for classes 9 and 10 encompasses 12 and 13 chapters respectively, with each chapter featuring approximately 70 questions spanning multiple formats including multiple choice, very short, short, and long-answer questions. Similarly, the mathematics question bank for the same classes comprises 12 and 14 chapters respectively, with a total of approximately 912 and 1,064 questions. Additionally, sample questions are provided to generate interest and facilitate effective practice. The questions in these banks are meticulously crafted to reinforce fundamental scientific and mathematical concepts among students, enabling them to grasp and apply these concepts with confidence. These question banks, developed based on the NCERT syllabus, have been forwarded by SISE-Prayagraj to the State Council of Educational Research and Training (SCERT) in Lucknow. They are anticipated to be made available to students shortly. Traditionally, only question banks prepared and published by private publishers have been accessible in the market. The introduction of these official question banks by the UP education department signifies a significant step towards providing students with structured and reliable resources to enhance their exam preparation and academic performance. By offering ample practice opportunities aligned with teaching-learning objectives, these question banks aim to empower students to excel in their examinations. They are poised to serve as invaluable tools in clarifying concepts, strengthening subject comprehension, and fostering academic success among students.

UP Education Department Introduces Question Banks for 25 Lakh Students in Classes 9 and 10 Read More »

J&K Government Provides Rs 5 Lakh Compensation to Families of Boat Tragedy Victims

The Jammu and Kashmir government has taken swift action in response to the recent boat tragedy, providing a compensation relief of ₹5 lakh to the families of each victim. Divisional Commissioner, Kashmir, V K Bhiduri, and Deputy Commissioner, Srinagar, Bilal Mohiuddin visited Gandbal to meet with the families affected by the incident. According to an official spokesman, the officials expressed their condolences to the families who lost their loved ones in the tragic incident. They handed over a compensation of ₹5 lakh to the next of kin of each victim to support them during this difficult time. The tragic incident occurred when a boat capsized in the Jhelum river, resulting in the loss of six lives, while three individuals remain missing. Fortunately, ten people were rescued from the water. The swift response from the government highlights its commitment to supporting the affected families and providing timely assistance in times of crisis.

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Max Health Shares Dip 4% as NSE Refuses Fine Waiver for Flouting Board Norms

News on health

Max Healthcare Institute Ltd faced a setback in its stock value as shares dipped by 4.4% to Rs 782 per share in Thursday’s intraday trading. This decline followed the National Stock Exchange’s decision not to waive off a fine amounting to Rs 2,36,000 imposed on the hospital chain. The refusal by NSE to grant the waiver came after Max Healthcare’s request for leniency regarding a fine imposed last year in November. The fine was levied for non-compliance with the board composition requirements outlined under regulation 17(1) of the SEBI Regulations, 2015. Despite this setback, Max Healthcare is continuing its growth trajectory with a significant investment plan. The company is gearing up to invest Rs 2500 crore in developing hospitals in Lucknow, with a particular focus on expanding its footprint in Uttar Pradesh. Max Healthcare had earlier acquired the 550-bed Sahara Hospital in Lucknow for Rs 940 crore, a move aimed at solidifying its position as a key player in the private healthcare sector in the state. The investment plan includes doubling the group’s capacity by adding 4,200 beds over the next four to five years, representing an investment of over Rs 5,000 crore. This expansion initiative aligns with Max Healthcare’s vision to enhance its presence and service offerings in the region. The acquisition of Sahara Hospital, now renamed Max Super Specialty Hospital, marks the beginning of Max Healthcare’s strategic expansion plans. The hospital, situated in Gomti Nagar, Lucknow, boasts 285 operational beds and occupies a 27-acre land area. Despite the recent stock price dip, Max Healthcare remains a significant player in the healthcare sector, managing 17 hospitals with over 3,500 beds and employing more than 4,800 clinicians across various locations including the Delhi National Capital Region, Mohali, Bathinda, Dehradun, and Mumbai. At 11:48 AM, Max Healthcare was trading 3.40% lower at Rs 790.20 per share. The stock has shown resilience over the past month, gaining 8.12%, and has demonstrated strong growth, rallying 36.66% over the last six months. Currently, it trades at a price-to-earnings multiple of 138.88.  

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