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Bain Capital Invests $157 Million in Indonesia’s Mayapada Healthcare

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U.S.-based private investment firm Bain Capital has announced a $157 million investment in Indonesia’s Mayapada Healthcare Group, known as Sejahteraraya Anugrahjaya Tbk PT (SRAJ.JK). The deal, part of Bain Capital’s special situations strategy, will support Mayapada’s hospital expansion through both organic growth and strategic initiatives. The investment is Bain Capital’s first in Indonesia, reflecting growing interest in Southeast Asia’s healthcare sector. The firm’s special situations team, managing over $20 billion in assets, combines credit and equity strategies to target high-growth opportunities. Jonathan Tahir, Mayapada’s chairman and Group CEO, highlighted the demographic trends fueling the healthcare market: “Indonesia faces a growing gap between healthcare supply and demand due to demographic shifts like an aging population and rising affluence.” Sarit Chopra, Bain Capital’s partner and head of special situations in Asia, expressed confidence in Mayapada’s potential, noting that the Indonesian private healthcare market is still in its early stages of development. Founded in 2008, Mayapada Healthcare Group operates seven hospitals across Indonesia, including a flagship hospital in South Jakarta with over 1,000 beds. The group plans to increase its capacity to over 2,000 beds by 2027, supported by ongoing projects. Shares of Mayapada Healthcare have soared 747% year-to-date, signaling strong market optimism. The transaction is expected to close in early 2025, subject to regulatory and shareholder approvals. With this investment, Bain Capital taps into Southeast Asia’s rising affluence and aging population, positioning itself in a resilient sector amid global economic challenges. Source: Reuters Photo Credit: Reuters  

Over 1 in 5 Adults Worldwide Infected with Genital Herpes: WHO

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According to the World Health Organization (WHO), over 846 million people aged 15 to 49, or more than one in five individuals in this age group, are living with genital herpes infections globally. These findings, published in the journal Sexually Transmitted Infections, highlight the widespread nature of the infection and underscore the urgent need for improved prevention, treatment, and vaccine development. Each year, an estimated 42 million people contract a new genital herpes infection, equating to one new case every second. While many infections are asymptomatic, over 200 million individuals in 2020 experienced painful genital sores and blisters, often requiring repeated medical visits. Dr. Meg Doherty, WHO’s Director of Global HIV, Hepatitis, and STI Programmes, emphasized the strain on global health systems: “Genital herpes causes pain and distress for millions, and better prevention and treatment options are critical to controlling its spread and reducing its health impacts, including its link to an increased risk of HIV transmission.” The study estimates 520 million people have genital HSV-2, responsible for 90% of symptomatic cases and associated with a three-fold higher HIV risk. An additional 376 million are infected with genital HSV-1, which is increasingly transmitted during adulthood due to declining childhood oral infections. Herpes infections carry significant social and economic burdens. Stigma often silences discussions about the infection, and healthcare costs and productivity losses are estimated at $35 billion annually. WHO advocates consistent condom use and avoiding sexual contact during active outbreaks to reduce transmission. It also recommends HIV testing for individuals with genital herpes and pre-exposure prophylaxis when needed. Research into vaccines and new treatments remains a priority, as these advancements could significantly improve global health outcomes and reduce the stigma surrounding herpes infections. Source: World Health Organization Photo Credit: World Health Organization

Maharashtra’s Free Education Scheme Spurs 44,198-Girl Enrollment Boost

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The Maharashtra government’s free education scheme has achieved a transformative milestone, with girl admissions in degree, diploma, and postgraduate courses increasing by a staggering 44,198 in the academic year 2024–25. Officials have hailed the rise as “phenomenal,” reflecting the scheme’s success in making education more accessible to girls from economically weaker backgrounds. Pooja Kamble, the daughter of an auto driver and now an MBA student in Pimpri, credits the scheme for enabling her to advance her career. “The free education scheme allowed me to pursue my MBA after working for two years post-graduation. This degree will help me grow in my career,” Kamble shared. Implemented by the higher and technical education department earlier this year, the initiative covers girls from families with an annual income of up to ₹8 lakh. It includes professional courses like engineering, law, pharmacy, and management. According to data from the state CET cell, girls secured 173,434 out of 597,277 seats in 2024–25, a significant increase from last year’s 129,263 out of 414,713. The surge is most notable in MBA, law, engineering, and technology courses. Experts have praised the scheme while acknowledging areas for improvement. Professor Ramdas Jhol of Dattakala Educational Institute remarked, “The scheme has significantly increased girls’ enrollment, despite initial confusion in its rollout. With revisions, we expect even better outcomes next year.” Former Higher Education Minister Chandrakant Patil, under whose tenure the scheme was introduced, expressed pride in the results. “This initiative aligns with Maharashtra’s legacy of championing women’s education, inspired by Savitribai Phule. It’s a proud moment to see our daughters achieving new milestones,” he stated. The scheme is expected to further reshape Maharashtra’s educational landscape, encouraging more girls to pursue technical and professional fields, fostering empowerment and opportunity. Source: Hindustan Times Photo Credit: Hindustan Times

Max Healthcare Hits All-Time High Stock Price of ₹1124.9

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Max Healthcare Institute, a leading provider in the hospital and healthcare services sector, achieved a significant milestone as its stock price reached an all-time high of ₹1124.9 on December 10, 2024. This impressive performance underscores the company’s strong market position and growth potential. Key Highlights Stock Performance: The stock has shown a 15.49% gain over the past 7 days, maintaining consistent upward momentum. Current Recommendation: MarketsMojo has issued a ‘Hold’ call for Max Healthcare, reflecting its steady alignment with the broader market trends. Moving Averages: The stock price exceeds its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling strong technical performance. Comparative Growth Max Healthcare’s 1-year performance of 64.79% stands out significantly against the Sensex’s 16.72% growth over the same period. This remarkable growth reinforces the company’s robust standing in the healthcare sector. Market Stability The stock’s consistent trading price and long-term upward trajectory highlight its stability and appeal as a reliable investment option. Industry Leadership As a large-cap entity, Max Healthcare Institute continues to set benchmarks in the healthcare services industry, showcasing profitability and resilience. With its current trajectory, the company remains well-positioned for sustained success and growth in the future. Investors and market analysts are closely watching Max Healthcare, which has emerged as a top contender in the healthcare sector, offering both stability and promising returns. Source: marketsmojo Photo Credit: marketsmojo

Andhra Pradesh Government Dissolves Waqf Board for Improved Governance

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The Andhra Pradesh government has officially dissolved the AP State Waqf Board, citing the need for better governance, safeguarding of Waqf properties, and enhancing operational efficiency. The move comes after the revocation of a government order (GO) issued on October 21, 2023, which had previously appointed three elected members and seven nominated members to the 11-member board. In a new order issued on Saturday, K Harshavardhan, Secretary to the Government, stated: “In the interest of maintaining good governance, protecting Waqf properties, and ensuring the smooth functioning of the Waqf Board, the government hereby withdraws GO MS No. 47 (which constituted the board) with immediate effect.” The decision follows concerns raised by the Chief Executive Officer of the AP State Waqf Board, who informed the government of the board’s prolonged non-functionality. Additionally, multiple writ petitions challenging the legality of the previous GO had been filed in the High Court, prompting the state to reconsider the board’s structure. The High Court’s observations in these petitions played a critical role in influencing the government’s decision to dissolve the board, the order added. This action underscores the state’s intent to address inefficiencies and legal ambiguities that have hindered the Waqf Board’s performance. It remains to be seen how the government will restructure the board to ensure better governance while addressing the legal and administrative concerns raised during this process. Source: Business Standard Photo Credit: Business Standard

Elementor Demo

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Days Hours Minutes Seconds 13th ArdorComm – ‘New Normal – Education Leadership Summit & Awards 2024’ #ELSAAndhraPradesh #ELSAVizag #ELSAVisakhapatnam #ArdorComm #NewNormal Theme : Future-Forward Education: Cultivating Skills and Mindsets in 21st Century Workplace ArdorComm Media Group, a growing media organisation in India, is hosting 13th New Normal- Education Leadership Summit & Awards 2024, in Visakhapatnam, Andhra Pradesh on 15th November 2024 ‘Andhra Pradesh’ is continuously progressing towards being a desired destination of education and skilling initiatives in India. Along with Visakhapatnam (Vizag) there are more beautiful cities like Amaravati, Anantapur, Vizianagaram, Tirupati, Vijayawada, Mangalagiri, Kurnool, Sri City, Guntur, comprising of many prestigious higher education, technical institutions & schools with improved national assessment and accreditation grades. Government is rolling out the long-term objective of grooming the students as global citizens with a bright future. Education Department has launched a series of initiatives as part of reforms, in mission mode like “Mana Badi Nadu-Nedu”, utilisation of IFPs, Smart TVs, Tabs which gave a big-push to digital transformation from the conventional classrooms, Innovative schemes like Jagananna Amma Vodi, Vidya Kanuka and Gorumudda and comprehensive academic, administrative reforms and many skill reforms. Academicians, Educators, Edupreneurs, HRs, 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 recognise and honour individuals – institutions whose contribution have tirelessly worked towards the betterment of education, shaping a brighter future for learners worldwide. Join us to experience 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 Leveraging AI and EdTech: Enhancing Student Engagement and Personalized Learning Future-Forward Education: Cultivating Skills and Mindsets in 21st Century Workplace Building Emotional Resilience: Integrating Social-Emotional Learning into the Curriculum Data-Driven Decision Making: How Analytics Can Transform Educational Strategies and Outcomes Harnessing Digital Tools:Transforming Traditional Classrooms into Dynamic Learning Environments Preparing Students for Future Careers: Aligning Education with Emerging Industry Trends and Skills PARTICIPATION FROM Government Academia Universities Engineering Inst B-Schools K-12 Preschools Startups HRs EdTech OUR SPEAKERS Guest of Honour Kathawate Mayur Ashok, IAS Joint Collector & Addl. District Magistrate Visakhapatnam Guest of Honour Kathawate Mayur Ashok, IAS Joint Collector & Addl. District Magistrate Visakhapatnam OUR PARTNERS Host PRESENTING PARTNER Gold Partner EdTech Partner Online Learning Partner Display Solution Partner OUR COMMUNITY PARTNERS EDUCATION HEALTH & WELLNESS HUMAN RESOURCE GOVERNANCE MEDIA ENTERTAINMENT & ART PAST PARTNERS 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 Education Leadership 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. Award Nominations & Selection Process – Terms & Conditions: Last date for nominations: 8th Nov’24 & Early Bird: 14th Oct’24 Filling the e-nomination form is must. The nominee’s bio/ profile used for attachment should briefly state a concise statement about the eligibility nominee deserves an award. Attached profile should not be more than 2 pages. There is a nominal award nomination fee ranging INR 11,800 to INR 23,600  for different categories. (See the details in Award Nomination page section). The nomination fee is refundable incase not selected for the Awards (excluding applicable taxes & processing fee, i.e. INR 2500 only). Kindly make sure that you keep your updated profile & payment transaction details ready before proceeding with filling the nomination form. Read the e-nomination form carefully & fill the correct and relevant information. Post submission of the award nomination form, the assessment & evaluation process will be conducted by the selection committee & the jury members. Eligibility is based on the evaluation of the nominee’s overall portfolio and work that have transformed the education sector and the society at large. Selection committee & the jury will do necessary ref checks of the submitted nomination form and also re-authenticate the details present on the website & social media posts. The assessment process is reliable & authentic. Once the assessment process is complete, the winners will receive a confirmation mail & Award Ceremony Invite mail on the shared email id as filled in the nomination form. Please Note: We sincerely appeal that post submission not to make any confirmation Inquiry or request for award consideration. That is purely on merit and via proper assessment process by selection committee & the jury members. Once the assessment process is complete, the winners will receive a confirmation mail & Award Ceremony Invite mail on the shared email Id as filled in the nomination form. AWARD CATEGORIES – 6 Segments Preschools | School Education | Higher Education | Skills & Training | EdTech Startups | EdTech Corporate Preschool Awards Organisation/ Institute Excellence in Preschool Pedagogy 2024 Outstanding Contribution in Early Childhood Education 2024 Innovative Curriculum in Early Childhood Education 2024 Innovation in Creating Most Hygienic Campus Infrastructure 2024 Outstanding Preschool in Creative Arts & Culture 2024 Most Impactful Preschool in Digital Infrastructure 2024 Start-Up Preschool of the Year 2024 Leading …

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Meet Shantanu Dwivedi: UP CLAT Topper with AIR 8

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In an outstanding academic feat, Shantanu Dwivedi, a student from City Montessori School (CMS), Aliganj Campus 1, Lucknow, has topped the Common Law Admission Test (CLAT) 2025 in Uttar Pradesh, securing an All India Rank (AIR) of 8 in the General Category. Shantanu is also preparing for his Class 12 board exams this academic session. Scoring an exceptional 99.987 percentile, Shantanu achieved 100.5 marks out of a revised total of 116, after objections led to the removal of four incorrect questions from the original 120 marks. His performance places him among the top legal aspirants nationwide. In an interview, Shantanu expressed his delight and shared his aspiration to join the prestigious National Law School of India University (NLSIU), Bengaluru. He credited his success to his dedication, strategic preparation, and the support of his legal studies teacher, Shwetank Sharma, whose guidance was pivotal throughout his journey. Shantanu began preparing for the CLAT last year alongside his Class 11 studies, balancing schoolwork and coaching. His disciplined approach and commitment have made him a source of inspiration for aspiring law students. The CLAT 2025 results were announced on Saturday night, and candidates can check their scores on the official website of the Consortium of National Law Universities (consortiumofnlus.ac.in). Shantanu’s achievement not only highlights his personal determination but also sets an example of excellence for students aiming for success in competitive exams. Source: DNA India Photo Credit: DNA India

Unacademy Valuation Drops: Acquisition Talks with Allen Career Institute Ongoing

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Unacademy, once valued at $3.4 billion, is reportedly in talks for an acquisition by Allen Career Institute, which could value the edtech firm at $800 million. This potential deal, as reported by the Economic Times, highlights a dramatic shift in the fortunes of the Indian edtech sector. Sources close to the discussions reveal that the acquisition talks have been ongoing for months and are nearing final approval from Allen’s promoters, the Maheshwari family. If successful, this merger would signify a pivotal consolidation in an industry grappling with challenges like a post-pandemic slowdown and the financial troubles of major players like Byju’s. Key Highlights of the Deal Valuation Dynamics: The proposed $800 million valuation includes Unacademy’s $160 million cash reserves, which remain a critical point in determining the enterprise value. Leadership Changes: Unacademy’s co-founders—Gaurav Munjal, Roman Saini, and Sumit Jain—are expected to exit the company post-acquisition. Hemesh Singh, a former co-founder, has already transitioned into an advisory role. Share Swap and Payouts: The share swap ratio and cash payouts for Unacademy’s founders and early investors are yet to be finalized. Motives Behind the Merger Allen Career Institute, a profitable offline coaching giant, sees this acquisition as an opportunity to bolster its digital presence, potentially paving the way for a public listing of the merged entity. On the other hand, Unacademy’s investors are keen on aligning with a stable and profitable venture like Allen. Industry Context The edtech sector has been under stress, with reduced demand for online-only models in the post-COVID era. While Unacademy has controlled its losses, its revenue growth has remained stagnant. Similarly, Allen has faced challenges due to the evolving dynamics of the Kota coaching ecosystem. Bodhi Tree, a significant investor in Allen, is reportedly playing a key role in these discussions. The investment firm, backed by James Murdoch and Uday Shankar, injected $600 million into Allen in 2022 and appears to be driving this strategic merger. This acquisition, if finalized, could reshape the edtech landscape, signaling a shift towards hybrid models that combine offline and online strengths. Source: Times of India Photo Credit: Times of India

Survey: Germans See Social Media as the Main Source of Fake News

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A recent study by the Bertelsmann Foundation reveals that 81% of Germans view the spread of disinformation as a significant threat to democracy, with social media emerging as the primary source of fake news. The survey highlights widespread concerns about the impact of online misinformation on elections, social cohesion, and contentious topics like migration, health, climate change, and war. Approximately 78% of respondents worry that such falsehoods could influence electoral outcomes and deepen societal divisions. Two-thirds of participants identified active social media users and bloggers as the main culprits behind the spread of misinformation. Additionally, 53% pointed to foreign governments, and half of the respondents even accused the German government of contributing to the problem. Despite these concerns, the study found that 93% of respondents trust the media but believe fake news is deliberately propagated to undermine confidence in politics and democracy. Some social media users have proposed that Germany adopt measures similar to Türkiye’s “Disinformation Combat Center,” a government initiative designed to counteract false information. The rise of misinformation on social media has become a global concern, with many nations grappling with its impact on political polarization and public trust. Germany’s experience underscores the urgent need for robust strategies to combat fake news and safeguard democratic processes. As disinformation continues to grow, Germany and other nations face increasing challenges in balancing free speech with efforts to protect their democracies from the erosion of public trust.  

Cabinet Approves ₹8,232 Crore for 85 New Kendriya Vidyalayas and 28 Navodaya Vidyalayas

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The Indian government has approved a budget of ₹8,232 crore to establish 85 new Kendriya Vidyalayas (KVs) and 28 Navodaya Vidyalayas (NVs), a decision taken during the Cabinet Committee on Economic Affairs meeting chaired by Prime Minister Narendra Modi. The move is set to provide access to quality education for over 98,240 students across the country. Union Minister Ashwini Vaishnaw announced that this expansion marks a significant milestone in extending the reach of KVs and NVs, which are among the most sought-after schools in India due to their innovative teaching methods and excellent academic track records. The decision includes the creation of 5,388 direct permanent employment opportunities through new KVs, with each school employing approximately 63 staff members. An additional 33 posts will be created through the expansion of an existing KV in Shivamogga, Karnataka. Similarly, the 28 new NVs will provide direct employment to 1,316 individuals while accommodating 15,680 students, primarily from rural areas. Construction and related activities for the schools are also expected to generate numerous employment opportunities for skilled and unskilled workers, further boosting economic growth. Jammu and Kashmir will see the highest number of new KVs (13), followed by Madhya Pradesh with 11 and Rajasthan and Arunachal Pradesh with eight each. Among NVs, Telangana leads with seven new schools, followed by six in Assam. The initiative aligns with the National Education Policy (NEP) 2020, as nearly all new KVs and NVs will be designated as PM SHRI schools, serving as model institutions showcasing NEP implementation. Kendriya Vidyalayas cater primarily to children of Central Government employees, including defense and paramilitary personnel, while NVs focus on providing quality education to talented rural students. This expansion underscores the government’s commitment to making quality education accessible across urban and rural India. Source: Indian Expr Photo Credit: Indian Expressess