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Saturday, April 18, 2026 5:06 AM

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IGNOU Revises Eligibility Criteria for MBA Banking and Finance Program

The admission criteria for the Master of Business Administration (Banking and Finance) (MBF) program at the Indira Gandhi National Open University (IGNOU) have been revised. The university has made changes by removing the requirements of CAIIB certification and two years of experience in the banking or financial sector. According to the new eligibility criteria, applicants must have successfully completed a minimum three-year bachelor’s degree with at least 50 percent marks (45 percent for candidates from reserved categories). Interested individuals who meet these criteria can submit their applications through the official website, ignouadmission.samarth.edu.in. The MBA Banking and Finance (MBF) program, offered by IGNOU’s School of Management Studies, is a two-year degree program. It is designed as an open and distance learning program and was developed and launched through a memorandum of understanding (MoU) between IGNOU and the Indian Institute of Banking and Finance (IIBF).

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Indian Media and Entertainment Industry Predicted to Grow at 9% to $73 Billion by 2027: PwC Report

According to a recent report by consultancy firm PwC titled “Global Entertainment & Media Outlook 2023-2027,” India’s media and entertainment industry is expected to reach a valuation of $73.6 billion by 2027, with a compound annual growth rate (CAGR) of 9.48%. The study highlights the significant growth potential in various segments of the industry. Streaming services are leading the growth, with revenues surging by 25% in 2022, reaching $1.8 billion. The market is projected to continue expanding at a CAGR of 14%, generating revenue of $3.5 billion by 2027. This growth will be primarily driven by the competitive subscription video-on-demand (SVOD) sector, which accounted for 78% of the industry’s revenue in 2022. While subscription service revenues are expected to reach $2.6 billion with a 13% CAGR, ad-supported services (AVOD) will experience faster growth, albeit from a lower base. After experiencing a slump during the pandemic, the cinema segment has shown signs of recovery, with revenues reaching $1.1 billion in 2022. It is projected to grow by 15% and reach $2.3 billion by 2027. Admissions are also expected to increase from 986 million in 2022 to 1.4 billion by 2027. TV advertising remains the largest segment in terms of size, with revenues reaching $4.7 billion in 2022. The report forecasts a 6.4% CAGR for TV ad spend, leading to a market size of $6.5 billion by 2027. This growth will position India as the fourth-largest TV advertising market globally, following the United States, Japan, and China. The video games and e-sports sector in India is the second-fastest-growing market in the world, behind Pakistan. Revenues in this segment reached $1.7 billion in 2022 and are expected to grow at a CAGR of 19% to reach $4.2 billion by 2027. The internet advertising sector is projected to experience a 12% CAGR, with revenues climbing from $4.4 billion in 2022 to $7.9 billion by 2027. Within this sector, the mobile segment is expected to grow at a CAGR of 14%, boosting revenues from $3.1 billion to $5.8 billion. The consumer book market in India is expected to increase at a CAGR of 3.7% between 2022 and 2027, with revenues growing from $1.1 billion to $1.3 billion. Most of the growth will come from the electronic books sector, which is projected to increase at a 10% CAGR. Printed books will experience more modest growth at a 1.7% CAGR, although they still account for 80% of the market’s revenue in 2022, with electronic books comprising the remaining 20%. The music, radio, and podcasts market in India reached revenues of $1.1 billion in 2022 and is forecasted to reach $1.5 billion by 2027. The report also highlights the potential for growth in emerging areas, particularly in rural areas with a historically underserved population and a strong demand for local and sports content. The nationwide rollout of 5G capability and increased smartphone ownership present significant opportunities in India’s mobile-first market. However, low broadband penetration in India remains a challenge, standing at just 10.8% in 2022 and projected to expand to only 14% by 2027. The report emphasizes that investment in improved broadband infrastructure is crucial for unlocking the full potential of the streaming market. The report also mentions the utilization of generative AI, enabling brands to reach diverse language and regional audiences through adaptable templates. Additionally, it highlights the adoption of emerging technologies such as AI, machine learning, the metaverse, augmented reality (AR), and virtual reality (VR), which are expected to bring significant disruption to the media industry. The PwC report concludes by emphasizing the importance for traditional media and entertainment businesses to adopt appropriate growth strategies and stay relevant amidst increasing competition from digitally powered enterprises.

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ServiceNow Launches India Innovation Centre to Empower Enterprises with Advanced Technologies and Digital Expertise

ServiceNow has announced the launch of its India Innovation Centre, a digital incubation hub aimed at empowering Indian enterprises to redefine their work processes with the help of advanced technologies like GenAI, hyperautomation, and low-code apps. Located in Knowledge City, Hyderabad, the innovation center provides purpose-built rooms where companies can develop custom digital blueprints to scale their business strategies. The facility will also host on-demand training sessions in collaboration with academia, customers, and partners to enhance the digital skills of Indian citizens. The opening ceremony was attended by Jayesh Ranjan, Principal Secretary of IT, Government of Telangana, who commended ServiceNow’s commitment to augmenting Indian enterprises and Hyderabad’s reputation as a technology hub. Kamolika Gupta Peres, Vice President & Managing Director of ServiceNow Indian Sub-Continent, highlighted the significance of the Innovation Centre in facilitating direct conversations between customers and ServiceNow engineers. The Hyderabad-based Innovation Centre is the company’s largest development center outside the USA, contributing significantly to ServiceNow’s global product development cycle. Indian enterprises have increasingly embraced ServiceNow solutions to address productivity challenges and establish robust digital businesses. The company serves leading technology providers, top banks, and has witnessed rapid growth in the public sector since the launch of its local data centers in 2022. With over 15 percent of its global workforce based in India, ServiceNow prioritizes investing in the country’s broader ecosystem to equip people with digital skills. Sumeet Mathur, Vice President & Managing Director of ServiceNow India Technology & Business Centre, emphasized that the new innovation center will act as a collaborative briefing center, enabling customers to explore the value that ServiceNow can bring to their organizations. With Hyderabad serving as ServiceNow’s largest product development site, the center presents an opportunity for developers to directly engage with end-users, leading to greater efficiency and innovation. Additionally, ServiceNow’s RiseUp program has partnered with ten academic and government institutions in India, committing to train over 5,500 students in digital skills. The company plans to expand its educational partnerships and further enhance its training initiatives in the country.

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New Rating System Introduced for Alzheimer’s Diagnosis, Embracing Cancer-Like Staging

Alzheimer’s disease experts have unveiled a ground-breaking development in the way doctors diagnose patients with this progressive brain disorder. At an Alzheimer’s Association conference in Amsterdam, they introduced a new rating system that mirrors the numerical staging system used in cancer diagnoses. This system replaces the previous guidelines issued in 2018 and aims to provide a more accurate and comprehensive assessment of the disease’s progression. The motivation behind this update stems from recent advancements in detecting key Alzheimer’s-related proteins, such as beta amyloid, in the blood. These advancements, along with the emergence of new treatments that require confirmation of disease pathology, prompted experts to revamp the diagnostic guidelines. The new system considers both cognitive changes and the presence of abnormal biomarkers, offering a more holistic view of the individual’s underlying disease. Gone are the terms “mild,” “moderate,” and “severe,” which were previously used to describe the stages of Alzheimer’s. Instead, patients will now receive a score ranging from 1 to 7, reflecting the extent of cognitive changes and the presence of abnormal disease biomarkers. Additionally, the system introduces four biological stages labelled a, b, c, and d. These stages provide further granularity in assessing the progression of the disease. The new rating system also includes a Stage 0 category for individuals who carry genes that guarantee the development of Alzheimer’s. This category encompasses people with Down Syndrome, as they have a significantly higher risk of developing Alzheimer’s later in life. By incorporating this additional stage, the guidelines acknowledge the diverse factors contributing to the development of the disease. Dr. Clifford Jack of the Mayo Clinic, the lead author of the report, emphasizes the similarity of the new system to cancer stages, highlighting that the goal is to provide a more precise understanding of the disease. The updated guidelines are particularly timely, as doctors prepare to identify and treat patients with recently approved drugs such as Leqembi and donanemab. The proposed guidelines are intended for doctors to utilize in clinical practice, equipping them with a more nuanced approach to diagnosing and treating Alzheimer’s patients. By enabling personalized medicine, which considers specific biomarkers and disease stages, doctors can now offer treatments that aim to slow down the progression of the disease, rather than solely managing its symptoms. These draft guidelines are currently open for expert review and comment, ensuring that the input of the Alzheimer’s research community is considered. The final version will reflect this feedback, marking a significant step forward in accurately diagnosing and managing Alzheimer’s disease. With its devastating impact on memory and cognitive abilities, Alzheimer’s presents a pressing challenge, and this new rating system represents a vital advancement in the fight against this debilitating condition.  

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Binance Cuts 1,000 Jobs, Including Indian Team, Amidst Regulatory Scrutiny

Binance, one of the world’s largest cryptocurrency exchanges, has reduced its workforce by 1,000 employees globally, including its team in India. The layoffs come amid ongoing federal investigations and increased regulatory scrutiny in the United States. The customer-service department has been most affected, with 36 employees in India being let go. Speculations arose that Binance might sell its US operations or even face closure entirely. The company now aims to focus on agility and will reassess its talent pool and expertise in various roles. Last month, founder Changpeng Zhao was sued by the Securities and Exchange Commission for allegedly operating illegally in the US. Binance denies the accusations and is striving to obtain operational licenses in Europe. However, the company’s future stability is uncertain as Zhao faces charges and refuses to step down from his position. In contrast, Binance had previously made headlines by expressing plans to expand its workforce and assuring that layoffs were not on the horizon.

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Dharmendra Pradhan Launches AI Program for Youth Skills on World Youth Skills’ Day

On World Youth Skills’ Day (July 15), Dharmendra Pradhan, the Union education minister, launched an artificial intelligence (AI) program. The program is a collaborative effort between the Skill India Mission of the Ministry of Skill Development and Entrepreneurship (MSDE), the National Council for Vocational Education and Skill, and GUVI, an Edutech company incubated by the Indian Institute of Technology (IIT) Madras and the Indian Institute of Management (IIM) Ahmedabad. The initiative, curated by GUVI, offers courses in nine Indian languages. This move aims to break down language barriers in technology education and empower young people, particularly those in rural areas. Pradhan praised GUVI for its efforts and encouraged them to develop courses in all Indian languages. The AI program is designed to equip youth with advanced skills, according to the minister. Pradhan emphasized the importance of technology being accessible to all, regardless of language, and called for the expansion of technology courses in various Indian languages. He believes that this step will help bridge the language gap in technology education and ensure a future-ready workforce, especially among rural youth.

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All-India Medical Admission Process to Commence on July 20

The Directorate General of Health Services’ (DGHS) Medical Counselling Committee (MCC) has announced that the counselling process for medical and dental courses in India will tentatively begin on July 20. The schedule released by the MCC pertains to the online counselling for NEET-UG in seats under the all-India quota, deemed universities, central universities, all AIIMS institutes, and JIPMER. While students can start registering from July 20 and filling their choices from July 22, participating institutes will verify the tentative seat matrix on July 20 and 21. Although the centralised counselling process was expected to include state seats as well, it will remain voluntary for the first year. The Ministry of Health and Family Welfare is in discussions with state counselling authorities to ensure a unified and transparent admission process. However, the notification lacks clarity on the schedule for state admissions, causing confusion and concerns among parents and students. The compressed timeline for the counselling process raises worries about the potential difficulties faced by parents and the possibility of meritorious students missing out on their preferred seats. The Ministry official clarified that DGHS handles only the all-India quota seats, and the NMC is expected to announce the state schedule separately.

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Akasa Air Plans International Expansion, Aims to Hire 800 New Employees

Akasa Air, a relatively new airline, is planning to expand its operations overseas and aims to hire 800 new employees by the end of 2023. Vinay Dube, the CEO of Akasa Air, recently discussed the company’s expansion plans in an interview with Bloomberg. The airline plans to use Boeing 737 MAX aircraft to serve destinations in the Middle East, Southeast Asia, and parts of South Asia, including Sri Lanka, Nepal, and Bangladesh. To meet government regulations, Akasa Air is eagerly awaiting the delivery of its 20th aircraft, as airlines are required to have a fleet of at least 20 planes. Currently, the airline operates 19 Boeing 737 MAX planes. Akasa Air has made significant progress in expanding its network and fleet despite being less than a year old. The suspension of Go First’s operations has created an opportunity for Akasa, and the airline is interested in acquiring some of the slots that Go First is expected to vacate, further strengthening its market presence. In the face of increasing competition in the aviation industry, Akasa Air is focusing on measures to retain its pilots. Reports suggest that the airline has implemented a substantial salary increase of up to 40% for its pilots and revised their fixed pay hours from 45 to 40.

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PM Modi Announces 5-Year Post-Study Visa for Indian Students in France

Indian Prime Minister Narendra Modi has made a significant announcement that will greatly benefit Indian students studying in France. During his address at La Seine Musicale in Paris, PM Modi revealed that France has introduced a new and improved post-study work visa program for Indian students. Under this program, Indian students pursuing a master’s degree in France will now be eligible for a longer post-study visa lasting five years. This development marks a significant extension from the previous duration of two years granted to Indian students in France. The new post-study work visa, also known as the Graduate Route in some countries, provides international students with the opportunity to remain in the host country after completing their studies. During this extended period, students can actively seek job opportunities, gain practical work experience, and contribute to the local economy. It is important to note that the post-study work visa typically comes with certain requirements. In most cases, students are expected to secure employment related to their field of study, ensuring that their acquired skills and knowledge are put to practical use. By aligning their employment with their educational background, students can maximize their professional growth and contribute effectively to the workforce. This announcement by PM Modi reflects the commitment of both India and France to promote educational and cultural exchange between the two nations. It not only encourages Indian students to pursue higher education in France but also provides them with an extended period to establish their careers and explore opportunities in the country. This move is expected to enhance the attractiveness of France as a study destination for Indian students and further strengthen the bilateral ties between the two countries.

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AI News Anchors Enter the Spotlight in Media Evolution

Blog on MEA

The integration of Artificial Intelligence (AI) in newsrooms is revolutionizing the way news is presented and consumed. Indian media houses are embracing this cutting-edge technology by introducing AI news anchors, ushering in a new era of journalism. With the recent launches of AI news presenters in Kannada news channels, including Power TV’s Soundarya and News First Kannada’s Maya, the influence of AI in the media industry is expanding rapidly. These AI-powered anchors are reshaping news delivery, raising both excitement and concerns about the future of journalism. Expanding the Horizon of AI News Anchors: Power TV’s Soundarya and News First Kannada’s Maya have joined the ranks of AI news anchors in India, following the footsteps of their counterparts in other regional languages. Earlier this year, the India Today group introduced Sana, an AI news presenter for their Hindi channel, Aaj Tak. MediaOne TV, a Malayalam news channel, also launched a male AI news anchor. Most recently, Odisha TV made waves with their AI newscaster, Lisa, who delivered flawless presentations in Odia and English. The Current Role of AI News Anchors: Although AI news anchors are still in the experimental phase, they have already made their mark in the industry. Currently, news channels utilize them to present short news bulletins, sometimes with voiceovers recorded by human journalists synchronized with the AI presenter. This approach allows for quick and efficient delivery of news content. However, it is important to note that AI news anchors are not yet replacing human journalists in breaking news segments. Instead, they are supplementing news programming with their unique capabilities. Advantages and Criticisms: The introduction of AI in newsrooms brings numerous advantages. AI news anchors operate 24/7 without requiring breaks or rest, ensuring constant news coverage. They possess language adaptability, catering to diverse linguistic backgrounds, making news accessible to a wider audience. AI anchors provide consistent performance, eliminating variations and fatigue often seen in human presenters. Moreover, they have the ability to process large volumes of information in seconds, delivering real-time updates. However, the rise of AI in newsrooms also raises ethical concerns and potential threats to human jobs. Critics argue that the integration of AI may undermine the role of human journalists and impact employment in the media industry. Additionally, algorithmic biases and the risk of manipulated information need to be addressed to maintain journalistic integrity and trust. Future of AI News Anchors: The emergence of AI news anchors marks a significant milestone in the media industry. It is clear that AI technology will continue to advance and play a pivotal role in shaping the future of journalism. AI news presenters have the potential to evolve beyond short bulletins and expand into more interactive programs, further enhancing audience engagement and personalization. As AI algorithms improve, these virtual anchors may become more lifelike, allowing for seamless integration with human presenters and creating dynamic news presentations. Conclusion: The introduction of AI news anchors in Indian newsrooms represents a significant leap forward in the evolution of journalism. Soundarya, Maya, Lisa and other AI presenters are pioneering a new era of news delivery, blending technology and human expertise. While AI in newsrooms offers numerous advantages, there is a need for careful consideration of its ethical implications and potential impact on human journalists. Striking the right balance between AI and human involvement will be key in shaping the future of journalism, ensuring a harmonious integration of technology and maintaining the core values of accurate, reliable, and unbiased reporting. The author, Pratik Ghosh is associated with ArdorComm Media

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