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Sun Pharma reports a Rs 2,277 crore loss in the March quarter

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Sun Pharma reported a surprising loss of Rs 2,277 crore in the March quarter, owing to one-time charges related to settlement costs and operations restructuring in some countries. In the previous fiscal year, the pharma had a net profit of Rs 894 crore. The Rs 3,936 crore one-time exceptional charge is mostly due to a $485 million (about Rs 3,761 crore) antitrust settlement on three Ranbaxy drugs — Valganciclovir, Valsartan, and Esomeprazole — announced on March 23. A one-time expense of Rs 56 crore is also included in the item, which is related to restructuring operations in several regions. After deducting exceptional items (Rs 3,936 crore) and exceptional tax gain of Rs 76 crore, the company’s adjusted net profit for the quarter was Rs 1,582 crore, up 18 percent over the previous quarter. The company’s revenue increased 11% year over year to Rs 9,386 crore, with India formulation sales jumping 16 percent to Rs 3,095 crore. Revenue from formulations in the United States reached $389 million (about Rs 3,016 crore), up 5% from the previous year. “FY22 was a good year with strong top line and ebitda (earnings before interest, taxes, depreciation, and amortisation) growth,” Sun Pharma MD Dilip Shanghvi said. Despite increased prices, all of our geographies have had double-digit growth, and profitability has improved. The specialty business is continuing to grow rapidly, with global Ilumya sales increasing by 81 percent to $315 million in FY22. Our India business continues to outperform the market, resulting in a larger market share. We’re still concentrating on building our global speciality business, as well as all of our other businesses and improving operational efficiencies.” For the first time, the company exceeded $5 billion in sales for the entire year, with an adjusted net profit of $1 billion. For the whole year, consolidated sales from operations totaled Rs 38,426 crore, up 15.6 percent from the same period last year. Adjusted net profit for FY22 was Rs 7,667 crore, up nearly 29% year-on-year, excluding exceptional items. The reported net profit for FY22 was Rs 3,273 crore, up from Rs 2,904 crore the previous year, a 13 percent increase.

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Amazon Prime Video and Nadiadwala Grandson Entertainment have teamed up for a multi-film licencing collaboration

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Amazon Prime Video and Nadiadwala Grandson Entertainment (NGE), a production house, have announced a worldwide exclusive multi-film licencing deal, the streaming site announced on Monday. As part of the deal, Prime Video will be the “worldwide home” for the banner’s next slate of films shortly after they hit theatres. Nadiadwala Grandson Entertainment’s film lineup includes Nitesh Tiwari’s “Bawaal,” starring Varun Dhawan and Janhvi Kapoor, “Sanki,” Tiger Shroff’s “Baaghi 4”, and Kartik Aaryan’s untitled project. Films by Ravi Udyawar (“Mom”), Sameer Vidwans (“Anandi Gopal”), Saket Chaudhry (“Hindi Medium”), and others will be included in the lineup. Sajid Nadiadwala, the Managing Director of Nadiadwala Grandson Entertainment, a producer and director, said in an interview with Prime Video that the production house has found a partner who not only shares their vision of providing immersive cinematic experiences, but also provides global distribution to the best stories from the Indian entertainment ecosystem. “We’ve been entertaining audiences with our movies for the past 70 years, contributing to Indian culture, and today, with OTT becoming such a vital part of our lives, it’s a new age in entertainment.” Amazon Prime Video has aided in the dismantling of all entertainment barriers, be they geographical, linguistic, or otherwise… “We are certain that this collaboration of inclusive cinema will enable our upcoming releases to move beyond borders and provide extra value to Prime Video’s exceptional content selection. This collaboration represents NGE’s first-ever, worldwide exclusive, multi-film, multi-year deal with Prime Video. I hope this partnership will pave the way for additional collaborations between the two brands as the world of storytelling evolves across genres “In a statement, Nadiadwala added Manish Menghani, Director – Content Licensing, Amazon Prime Video India, expressed excitement about the team’s upcoming cooperation with Nadiadwala Grandson Entertainment, which is known for making films that connect with audiences instantaneously. “By striking this agreement, we will offer some of the most exciting narratives and stories to our viewers’ screens around the world shortly after their theatrical debuts.” “Prime Video has played a major role in significantly increasing the audience base for Indian films, across languages, both within the country and worldwide, and this collaboration is another step towards realising that promise,” says Amazon. “I am confident that this slate of highly anticipated films will prove to be an incredible treat for our consumers,” Menghani said. Following their theatrical debut, all Prime members will be able to watch the movie on Amazon Prime Video. In addition, during the ‘Early Access Rental’ window, all Amazon customers (Prime and non-Prime) will be able to ‘rent’ the titles on Amazon Prime Video. The streamer announced a licensing deal with Yash Raj Films, Dharma Productions, Excel Media and Entertainment, and Ajay Devgn FFilms at the ‘Prime Video Presents India’ event in April, under which it will premiere titles from these four leading Indian production banners after their theatrical releases. Source: PTI

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UPSC Civil Services Final Result 2021: 685 candidates qualify the Civil Services exam, Shruti Sharma tops

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The Union Public Service Commission (UPSC) announced the results of the civil services exam 2021 on Monday, May 30, 2022, with Shruti Sharma, Ankita Agarwal, and Gamini Singla taking first, second, and third rank, respectively. It reported that 685 people had cleared the prestigious exam, but it did not provide any other information about the candidates who had qualified. According to the Commission, 244 of the successful candidates are from the general category, 73 from the Economically Weaker Sections, 203 from Other Backward Classes, 105 from Scheduled Castes, and 60 from Scheduled Tribes. The UPSC conducts the civil services examination in three parts – preliminary, main, and interview – every year to select officers for the Indian Administrative Service (IAS), Indian Foreign Service (IFS), and Indian Police Service (IPS), among others. The written or main part of the exam took place in January 2022, and the interviews took place in April and May of this year, according to the announcement. 80 candidates’ candidature are provisional, and one candidate’s result has been withheld. Aishwarya Verma came in fourth place, and Utkarsh Dwivedi came in fifth, according to the report. “UPSC has a ‘facilitation counter’ near examination hall in its campus. Candidates can obtain any information / clarification regarding their examinations / recruitment on the working days between 10:00 hours to 17:00 hours in person or over telephone nos. 23385271/23381125 /23098543,” according to the Commission. “Within 15 days of the date of result declaration, marks will be published on the website,” it stated. Source: PTI

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Dr. Sayalee Gankar, Vice Chancellor, D Y Patil University, Ambi, Pune stresses upon the dire need of digitalization

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“Right from your admission processes to make the student as an alumnus the complete process has gone on the digitalization way,” says Dr Sayalee Gankar, Vice Chancellor, D Y Patil University, Ambi, Pune in an interview with Chandan Anand, Founding Editor, ArdorComm Media Group at the ‘ArdorComm – Higher Education and Edtech Conclave & Awards 2022’ #HEETPune What according to you are the key takeaways from this event? Thank you so much Chandan Anand for organizing such a wonderful conference today in Pune. ArdorComm is really doing great especially when I’ve seen that so many ed-tech companies are here which are at one platform giving so much detailed information and of course this kind of the event you know I think it’s learning from each other’s experiences. In D Y Patil University, Pune what we are doing, other universities are doing it is always better to learn from others. It is always better to understand the various experimentations because at the end of the day every university, institutions are working for imparting quality education and increasing the employability of the students, so I’m really happy to be the part of this event. When everyone is progressing towards making their infrastructure digital what has been a go ahead and an initiative under your leadership in your institute? So, if you look at it the digitalization of the campuses is the dire need right now what we can see. So right from classrooms and even not only for that even right from your admission processes to make the student as an alumnus the complete process has gone on the digitalization way. So, all these kinds of stuff right from admission, academics, examination and convocation, if you look at it everything has gone on digital platforms. We are doing it very extensively not only that, if you look at it our complete hybrid mode of learning is happening in campus so digital classrooms are made available to the students and faculty members so that they can interact directly with the industry experts and not only that even international speakers as well and that is what is bringing a very good value on the table for students and faculty to learn together. What outcome one should get from the forums like this, where there is a conference going on, there is an expo going on we have a representation from the government, academia and industry? I think when we talk about all the stakeholders coming in one platform it helps everyone to change their own perspectives right, so when we talk about government definitely the National Education Policy, Digital university concept through the union budget all these discussions will help us to understand what they are aiming at and what would be our contribution when we talk about the universities and vice chancellors. I think we spoke a lot about that what quality education is, what outcome we are expecting and how we can really engage the youth with the help of all these new ways of doing which is happening in this country. So, could be a national education policy, union budget, digitalization all that is coming on one table I think that’s a wonderful think tank kind of activity which has happened in this conference.  

Dr. Sayalee Gankar, Vice Chancellor, D Y Patil University, Ambi, Pune stresses upon the dire need of digitalization Read More »

Dr. Siddharth Jabade, Vice Chancellor, Vishwakarma University, Pune emphasizes on adoption of digitalization in their university

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“We are also moving forward with the digitalization in terms of the student empathy, understanding what students need and how we can provide them because we believe our teachers, our faculty, our students are the focal point,” says Dr. Siddharth Jabade, Vice Chancellor, Vishwakarma University, Pune in an interview with Chandan Anand, Founding Editor, ArdorComm Media Group at the ‘ArdorComm – Higher Education and Edtech Conclave & Awards 2022’ #HEETPune How has Vishwakarma University adapted with the digitalization? It’s great to be in this gathering and really it has been an enriching experience of first of its kind event after pandemic in Maharashtra with physical presence and this entire gathering and this event has provided lot many insights in terms of how do we go ahead with respect to adaptation and adoption of digitalization. Vishwakarma university in Pune has been on the forefront of adapting this change of digitalization in terms of we have established a VU Digital (Vishwakarma University Digital) as the digital Avtar of the university we are focusing on the faculty development in terms of content development learning pedagogy in the digital age in terms of the investments, in our studios, investments in terms of training our faculty. We are also moving forward with the digitalization in terms of the student empathy, understanding what students need and how we can provide them because we believe our teachers, our faculty, our students are the focal point. In this, the gatherings and the conferences, the way they are configured and designed, they provide really important insights, understanding and sharing of thoughts in creating this network community of practice which will go a long way in terms of moving forward with this transformation of digitalization and adapting it very responsibly and meaningfully for our students. We are very happy to announce here that Vishwakarma university, Pune is the youngest university to be nominated in the most prestigious Times higher education, Asia award in the category of excellence and innovation in the arts of the work done even in pandemic and we are the youngest and there are only two universities in India, we are the youngest one to be part of it. Any message would you like to give for ArdorComm Media? I’m honestly very impressed with the way entire event is organized most importantly thoughtfully designed and the entire panellists and the range of panellists that are being brought also with the stakeholders like the industry and ArdorComm Media, I must say is an umbilical link in bringing all the stakeholders and different minds together and making them think and this will certainly lead to a great outcome and impact in the interest of our education sector.  

Dr. Siddharth Jabade, Vice Chancellor, Vishwakarma University, Pune emphasizes on adoption of digitalization in their university Read More »

Calcutta University students stage a protest seeking online semester exams

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Students demonstrated at Calcutta University (CU) on Friday, demanding online examinations. Around 200 students protested outside the university’s main campus on College Street, arguing that two months of classroom teaching was insufficient to complete a six-month semester’s syllabus and hold offline exams. “Classes were held on campus only for two months and we are expected to write papers based on the whole syllabus. This is possible only if exams are held in an open book format like the last two years,” stated Arijit Saha, a CU-affiliated Bangabasi College student. At the university’s main campus, similar protests were organised twice in the last week. The end semester exams for undergraduate and post-graduate students should be held in the offline mode, according to two high-power committees constituted by CU. College principals, on the other hand, have been requested to provide feedback on the recommendation. On Thursday, Vice-Chancellor Sonali Chakraborty Banerjee said the university would make a final decision after hearing from all stakeholders. While the faculty is largely in favour of offline examinations, a section of students, particularly student unions, wants the online exam system to continue, according to a CU official. General students, according to Trinamool Chhatra Parishad state president Trinankur Bhattacharya, are demanding online examinations. Source: PTI

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Prof Dr M M Salunkhe, Vice Chancellor, Bharati Vidyapeeth Deemed to be University speaks about how the institute is diversifying

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“Now we would like to go into the domain of artificial intelligence, big data and so many other new things” says Prof Dr M M Salunkhe, Vice Chancellor, Bharati Vidyapeeth Deemed to be University in an interview with Chandan Anand, Founding Editor, ArdorComm Media Group at the ‘ArdorComm – Higher Education and Edtech Conclave & Awards 2022’ #HEETPune Bharati Vidyapeeth is one of the institutions who has classes from KG to PG, how has the institute diversified under your leadership? In case of Bharati Vidyapeeth it is already a multidisciplinary, multi-campus university. As per new education policy everybody expected to have medical, engineering, agriculture, pharmacy all the courses on one campus. We have already all the programs in one campus under the umbrella of Bharati Vidyapeeth Deemed to be University. But in addition to this we have three specialized research institutes and you have specifically questioned how we are trying to diversify. Now we would like to go into the domain of artificial intelligence, big data and so many other new things. Even we have gone to the physiotherapy, it is a school, now we would like to establish another ayurvedic college at Kolhapur, already hospital has been started and we are diversifying. We are also planning to set up another campus at Sonipat in New Delhi. I would like to understand how does this kind of forum, conclaves help where you have conferences going on there is an expo area and involvement of government also? See one thing is very clear, universities are always discussing about industry academia interaction and it is lacking and I’m very happy I congratulate you for organizing this particular event in which industry and academia they are coming together they are discussing about their problems their association and so many things and so it is a good initiative. I have read one paper in some international journal where they have calculated the indices where industry academy interaction and they have shown a tripod and when the tripod is balanced then only the academic activity is better but I’m very happy with such type of interaction. There is a lacuna in our system regarding industry academy interaction that will improve and definitely I’m looking forward. In future ed-tech companies will collaborate with universities and will try to train students in better way. What will be your message to the next generation learners? I was a vice chancellor of different universities, I worked in central university, state university as well as open university and I was very happy and I was very curious because as an open university vice chancellor we used to discuss a lot about digital university and along with MKCL we have prepared some documents about digital university and today we have specific station on this particular concept and all ed tech companies they are enthusiastic about this particular concept and already we could start this particular online education when I was vice chancellor of Shivaji University then we started distance but online programs we have started at YCMU and being a ‘A’ category university we have started also online programs at Bharati Vidyapeeth Deemed to be University and we have very good response we have more than 6000 students and now we should dream for digital university and that is the next generation learners should be digital learners otherwise they can’t survive in this particular scenario.

Prof Dr M M Salunkhe, Vice Chancellor, Bharati Vidyapeeth Deemed to be University speaks about how the institute is diversifying Read More »

Exam dates for NEET-SS 2022 will be revised, a new schedule will be released soon

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The National Board of Examinations in Medical Sciences (NBEMS) has decided to change the dates of the NEET-SS (National Eligibility Entrance Test-Super Specialty) test in 2022. The new dates will be posted on the official website, natboard.edu.in, shortly. NEET SS 2022 exams were formerly planned for June 18 and 19, 2022. The exam was scheduled to take place on these two dates across the country, however NBEMS has decided to reschedule them and will announce the new dates in due time. The actual causes for this modification are unknown at this time. The NBEMS conducts the NEET SS entrance examination. Candidates who want to study DM/MCh and DrNB Super Specialty programmes at various colleges and universities around the country must clear this exam. It’s done using a computer-based test that’s done online.

Exam dates for NEET-SS 2022 will be revised, a new schedule will be released soon Read More »

Honeywell and Narayana Health have partnered to look into co-creating healthcare technologies

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Honeywell signed a non-binding memorandum of understanding (MoU) with Narayana Hrudayalaya Limited (Narayana Health) on Thursday in Bengaluru to discover, appraise, and collaborate on prospects for the latter’s digital transformation journey. In a statement, Honeywell said, “This will enable Narayana Health to offer technology-driven, affordable, and accessible healthcare for all.” “The Memorandum of Understanding with Narayana Health, one of India’s leading healthcare service providers, offers us with an opportunity to develop a strategic technology development roadmap that will eventually transform India’s healthcare industry,” said Suresh Venkatarayalu, Honeywell’s Chief Technology Officer. “Sensors and digital technology will disrupt healthcare delivery. Narayana Healthcare is delighted to work with Honeywell to develop digital technologies for making healthcare safer, more accessible, and more affordable, “Dr Devi Prasad Shetty, Chairman and Executive Director of Narayana Health, stated. According to the statement, Honeywell and Narayana Health will collaborate on product innovation and introduction, establish technology development centres, co-create joint capabilities in technology development and research, and develop fire safety codes that ensure an end-to-end life safety system to make hospitals safer.

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Meta launches updated 3D avatars in India for Instagram, Facebook, and Messenger

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Meta has released upgraded 3D avatars for Facebook and Messenger in India. The new Avatars are more expressive, customizable, and diversified than the old ones. Meta is integrating new facial shapes and assistive devices for persons with disabilities to better reflect the billions of unique people on this world. Meta is bringing updated 3D avatars to Facebook and Messenger, as well as Instagram Stories and DMs for the first time. People in India can now use stickers, feed posts, Facebook profile images, and other methods to present themselves as their virtual selves across apps as of today. Avatars will also be available for the first time on Instagram. Manish Chopra, Director and Head Partnerships, India at Meta said, “Representations in the metaverse should reflect the diversity of the real world. Avatars are just the first step toward enabling everyone to express themselves in their unique ways. When you create your avatar you can choose the right facial features, body types, clothing styles, and more to create your virtual self. We offered more than one quintillion different combinations when we launched our updated avatars last year, and we’re continuing to add more options to give people even more ways to express themselves.” Cochlear implants and over-the-ear hearing aids (for one or both ears) are now available in a variety of colours across all platforms, including VR. It also contains wheelchairs, which will appear as Facebook stickers, Messenger messages, and Instagram DMs. Based on user feedback, Meta will continue to introduce more options over time. Meta is also working on improving the appearance of Avatars. To make avatars more realistic, minor tweaks to facial forms and skin shaders have been done. Meta introduced new eyes and noses, beards and haircuts, clothing, physique kinds, and more throughout 2021. Throughout the year of 2022, more items will be added to the Avatar editor.

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