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Maharashtra Cuts Health Budget by 6.03%, Raising Concerns Among Experts

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Maharashtra’s budget estimates for the health sector have dropped by 6.03% for the upcoming financial year, sparking concerns about the potential impact on healthcare services. The state has allocated ₹27,164.91 crore for 2024-25, down from the revised estimate of ₹28,906.92 crore in the previous year. Despite the reduction, key flagship announcements include: Primary healthcare services promised within a five-km radius of every home. Time-bound distribution of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana identity cards. Expansion of hospitals under Mahatma Phule Jan Arogya Yojana (MPJAY) as per demand. However, the MPJAY budget remains stagnant at ₹650 crore for both 2024-25 and 2025-26, despite revised estimates reaching ₹1,687 crore in the previous financial year. Key Budget Cuts & Concerns: Public Health Department: Urban health services saw a sharp decline, with hospitals and dispensaries’ budgets reduced from ₹6,098 crore to ₹4,709 crore. National Health Mission (NHM): Budget slashed from ₹3,805 crore to ₹2,860 crore. Medical Education: Allocation fell from ₹9,667 crore to ₹9,057 crore. HBT Clinics: Funding cut from ₹196.79 crore to ₹100 crore. Health economist Dr. Ravi Duggal criticized the budget, stating that it signals a lack of expansion in public healthcare and fails to address critical needs like medicine supply improvements. He warned that urban health infrastructure will suffer due to the funding shortfall, while rural health services see only selective increases. Upcoming Healthcare Developments: Finance Minister Ajit Pawar announced plans for: A 200-bed referral hospital in Thane. A 100-bed referral hospital in Ratnagiri. A 200-bed super-specialty hospital in Raigad. A forthcoming state health and senior citizens policy. As Maharashtra moves forward with these initiatives, experts remain concerned that budget constraints could limit healthcare accessibility and service quality, particularly in urban areas. Source: TOI

Maharashtra Cuts Health Budget by 6.03%, Raising Concerns Among Experts Read More »

Sports Mergers & Acquisitions Surge 44% in 2024, Driven by Private Equity

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The sports industry witnessed a record-breaking year for mergers and acquisitions (M&A) in 2024, with deal activity rising 44% compared to 2023, according to a report by financial advisory firm Oaklins. The surge was fueled by private equity (PE) investments, growing fan engagement, and the rise of sports technology. A total of 410 transactions were recorded last year, with private equity accounting for 45% of these deals. The number of PE-backed acquisitions nearly doubled, from 96 in 2023 to 190 in 2024. Key Highlights: NFL teams enter private equity space: The Buffalo Bills and Miami Dolphins made history by selling 10% stakes to Arctos Partners and Ares Management, respectively. Inter Milan takeover: Oaktree Capital Management gained control of the Italian Serie A champions. Premier League acquisition: Everton was purchased by Roundhouse Capital, a division of The Friedkin Group (TFG), in a deal worth over £400 million ($513 million). Niche sports boom: Sports like padel and pickleball saw increased private equity interest in 2024. Sports tech investments rise: Notable deals included Tiga Investments’ acquisition of Dream Sports and DraftKings’ purchase of Simplebet, reflecting the demand for digital sports solutions. Oaklins emphasized that sports franchises and leagues are increasingly viewed as stable, high-value assets, benefiting from media rights, commercial deals, and predictable revenue streams. Looking ahead to 2025, M&A activity is expected to remain strong, with media rights, fan engagement, and private equity interest continuing to drive deals. A robust pipeline of premium sports businesses entering the market suggests the sector will remain highly attractive to investors. Source: Sports. cm

Sports Mergers & Acquisitions Surge 44% in 2024, Driven by Private Equity Read More »

Karnataka Budget 2025 Proposes AI Cell, Allocates ₹50 Cr for Applied AI Centre

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Karnataka is making a major push for artificial intelligence (AI) in governance, as announced by Chief Minister Siddaramaiah in the 2025 state budget. The government will establish a Centre for Applied AI for Tech Solutions (CATS) with a ₹50 crore investment over five years to position Karnataka as a leader in AI-driven governance. Key AI Initiatives in Governance: Karnataka AI Cell to develop AI-based solutions using Computer Vision, NLP, and LLM AI-based Government Order Summary and Information Extraction Tool for easy access to policies and schemes AI-driven Integrated Public Grievance Redressal System (IPGRS 2.0) for efficient resolution of complaints Karnataka Advanced Attendance Management System using AI and GIS technologies AI in Education & Agriculture: ‘Kalika Deepa’ AI-based learning programme for 2,000 schools, in collaboration with Infosys co-founder Nandan Nilekani’s EkStep Foundation, to improve Kannada, English, and early math skills Digital Agricultural Service Centres leveraging AI and geospatial tech to help farmers make accurate crop decisions AI for Smart Governance & Infrastructure: Upgrading the Karnataka-GIS (K-GIS) portal to version 2.0 (₹150 crore) with AI/ML enhancements for better asset tracking and Hissa map digitization AI-enabled smart system for judicial transcriptions and translations (₹2 crore) to improve legal documentation AI-powered traffic monitoring system with electronic cameras at 60 locations across Davanagere, Dharwad, Kalaburagi, Belagavi, and other districts (₹50 crore) to curb violations With these initiatives, Karnataka is set to enhance AI adoption across governance, education, agriculture, and urban management, reinforcing its position as India’s leading tech hub. Source: Money control

Karnataka Budget 2025 Proposes AI Cell, Allocates ₹50 Cr for Applied AI Centre Read More »

Lack of Physical Education at Khalsa College, Ludhiana, Disappoints Students

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The students of Gujranwala Guru Nanak (GGN) Khalsa College for Boys, Ludhiana, have expressed disappointment over the absence of physical education as an academic subject, highlighting a critical gap in the curriculum. With an enrolment of over 1,400 students, the aided institute does not offer physical education in its undergraduate courses, leaving students with no choice but to opt for alternative subjects. Key Concerns: Sanctioned post for a physical education teacher remains vacant Lack of structured sports training affects students’ participation Some students choose other colleges where physical education is offered A student, speaking anonymously, said, “The absence of a qualified instructor has hindered sports activities. We are deprived of proper training and opportunities to excel.” A faculty member revealed that in the absence of a physical education teacher, sports activities are overseen by teachers from other subjects. While the college still has athletics and a cricket team competing in inter-college tournaments, other sports teams have declined due to a lack of proper guidance. Many students, passionate about sports, have chosen different colleges where physical education is available as a subject. “Without proper guidance or a formal course, students are left with limited opportunities,” said another student. College’s Stand: College Principal Arvinder Singh Bhalla acknowledged the issue, confirming that the college does not plan to introduce physical education in the next session. However, he did not elaborate on the reasons for this decision. With sports playing a crucial role in holistic education, students remain hopeful that the institution will address the gap and restore structured sports training and academic options in physical education. Source: Hindustan Times

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Andhra Pradesh Partners with Wadhwani Foundation for AI-Driven Governance

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In a significant step toward AI-driven governance, the Andhra Pradesh government has signed an MoU with the Wadhwani Foundation (WF) to integrate Artificial Intelligence (AI), Machine Learning (ML), Generative AI, and Drones into governance. The agreement was signed between Katamneni Bhaskar, Secretary of Information Technology, Electronics & Communication (ITE&C) Department, and Prakash Kumar, CEO of Wadhwani Centre for Government Digital Transformation (WGDT). Key Objectives: Enhancing service delivery and optimizing government schemes Implementing AI-driven solutions for greater efficiency and transparency Leveraging AI-based data analysis to refine policies and streamline programs Boosting citizen engagement through technology-enabled governance A critical component of this initiative is capacity building among government officials. The state will introduce an AI Bootcamp under WGDT’s ‘AI Champions’ and ‘AI Enablers’ programmes to train government employees in AI applications. Additionally, AI-enabled online resources will be provided for continuous digital learning. This partnership is a pro-bono effort, with both GoAP and WF contributing resources and expertise to drive effective AI adoption. Katamneni Bhaskar, Secretary of ITE&C, stated: “Andhra Pradesh is committed to leveraging AI for better governance and public service efficiency.” With this collaboration, Andhra Pradesh is set to become a pioneer in AI-powered governance, ensuring smarter policies and improved citizen services. Source: Indian Express

Andhra Pradesh Partners with Wadhwani Foundation for AI-Driven Governance Read More »

Digital Transformation to Boost Indian Media Revenue Growth to 8% by FY2027

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The Indian media industry is projected to witness annual revenue growth of 8% by FY2027, driven by the increasing shift toward digital platforms, according to a recent CRISIL Ratings report. This marks an improvement from the 5% annual growth recorded between FY2019 and FY2024. The report, which analyzed 20 media companies accounting for 55% of the industry’s revenue, estimates that media revenue will reach approximately ₹60,000 crore by FY2027. Alongside revenue expansion, operating margins are expected to improve by nearly 500 basis points (bps) to 18%, aided by cost rationalization. Key Growth Drivers: Rising digital ad revenue as consumer preferences shift to online content Growth in traditional ad revenue from print, fueled by domestic retail demand in FMCG, automobiles, education, e-commerce, and real estate Increasing smartphone penetration, low-cost mobile data (approx. $0.2 per GB), and widespread 5G adoption Despite the delayed digital transformation by Indian media firms, the segment’s revenue share is expected to increase from 12% in FY2024 to over 18% by FY2027. However, high manpower, content creation, and marketing costs have kept digital ventures unprofitable, with the industry reporting a 20% operating loss in FY2024. Manish Gupta, Senior Director at CRISIL Ratings, stated: “To better leverage the digital wave, media companies have begun focusing on OTT platforms, social media, and mobile apps.” However, improved targeted advertising and customer segmentation are expected to enhance digital profitability, according to Ankit Hakhu, Director at CRISIL Ratings. At least 8 out of 20 companies in the study have successfully identified the right audience fit, allowing for more cost-effective promotional strategies. The report also warns of potential risks, particularly fluctuations in newsprint (NP) prices, which account for 30-40% of costs. Unexpected price surges, like the 23% spike in FY2023, could impact overall industry profitability. Conclusion: With an accelerated digital shift and stronger ad revenues, India’s media industry is poised for sustained growth. However, firms will need to optimize digital investments and mitigate supply chain risks to fully capitalize on this transformation. Source: Business Standard

Digital Transformation to Boost Indian Media Revenue Growth to 8% by FY2027 Read More »

Women’s University Enrolment in India Surges 26% in 2024: Report

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India is witnessing a significant rise in women’s participation in higher education, with female enrolment in universities increasing by 26% year-on-year in 2024, according to a recent report by TeamLease Edtech. In contrast, men’s enrolment grew by 3.6% during the same period. This surge contributed to an overall 12% increase in total student enrolment from 2023 to 2024. Notably, women’s enrolment in work-linked, work-integrated, and direct admission (DA) programmes more than doubled, marking a remarkable 124% growth, while men’s participation in these programs increased by 66%. Shantanu Rooj, Founder & CEO of TeamLease Edtech, emphasized the long-term impact of this trend, stating: “The rise in female applicants across university and work-integrated programs reflects the evolving aspirations of women today. Beyond higher education, we must invest in accessible, industry-aligned education pathways to empower more women in the workforce of tomorrow.” This upward trajectory highlights a positive shift toward gender equity in education and employment, reinforcing the need for continued investment in inclusive learning opportunities. Source: India Today

Women’s University Enrolment in India Surges 26% in 2024: Report Read More »

DH Advisory Joins Eight International to Strengthen M&A Advisory in the Middle East

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UAE-based DH Advisory has joined Eight International, a global network of consultancy firms specializing in corporate advisory, financial services, and M&A. This partnership will enhance DH Advisory’s ability to support Middle Eastern clients while providing access to an international network of deal professionals. Operating from Dubai, DH Advisory focuses on buy-side and sell-side deal mandates for corporates, family businesses, and financial sponsors. Its team has a strong track record, having completed over 500 M&A transactions, with many professionals previously working at Big Four firms. Declan Hayes, Founder and Managing Partner at DH Advisory, expressed enthusiasm about the collaboration, stating, “Joining Eight International will allow us to better serve our Middle East clients by providing access to world-class deal professionals and a broader deal flow.” As part of the affiliation, Eight International clients seeking Middle Eastern opportunities will be connected with DH Advisory, while DH Advisory clients aiming for cross-border transactions will receive support from Eight International’s global members. Founded in 2016, Eight International now boasts 3,600 professionals across 15 countries, specializing in strategy, restructuring, forensic litigation, and M&A. Pascal Raidron, President of Eight International, welcomed DH Advisory, noting, “Their expertise strengthens our capabilities and allows us to strategically support businesses in the Middle East.” The announcement follows Eight International’s recent expansion into Oceania through the addition of McGrathNicol (350 staff) and comes a year after Eight Advisory’s acquisition in France. Source: consultancy.com

DH Advisory Joins Eight International to Strengthen M&A Advisory in the Middle East Read More »

State Govt Allocates ₹10 Crore for Advanced Media Monitoring Cell

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The Maharashtra state government has approved a ₹10 crore budget to establish and operate a media monitoring cell under the Directorate General of Information and Public Relations (DGIPR). The initiative aims to systematically track, analyze, and report news across print, electronic, social, and digital media. A specialized agency will be appointed for a one-year term, with a potential extension of two years based on performance. This agency will manage a media monitoring centre, providing real-time data through dashboards and mobile applications to enhance the government’s responsiveness to media trends. According to the government resolution (GR), the cell will observe and categorize media content as positive or negative, enabling authorities to counter misinformation swiftly. The first phase will cover news websites, online apps, and traditional media. Future expansions will incorporate emerging media formats. The monitoring centre will operate from 8 AM to 10 PM, tracking content hourly and generating daily, weekly, and monthly reports on media trends, public sentiment, and policy reception. Additionally, it will issue alerts on misinformation, fake news, and misleading narratives to prevent disruptions in the state. Key Features of the Media Monitoring Cell: Real-time tracking of print, digital, and social media Categorization of news by topic, section, and event Hourly trend analysis on mood and tone Dashboards & mobile apps for seamless information access Misinformation detection to maintain public order This scientific approach to media monitoring will help the government assess public perception and respond to critical issues more efficiently. Source: TOI

State Govt Allocates ₹10 Crore for Advanced Media Monitoring Cell Read More »

Aprirose Sells London Hotel; LA Hotel Rebrands; Marriott Expands in EMEA

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London-based Aprirose has sold the 30-key Karma Sanctum hotel in Soho to Madrid-based Tenigla for £22 million. The rock-and-roll-themed hotel, acquired by Aprirose in 2021, is part of the company’s evolving U.K. acquisition strategy. Meanwhile, in Los Angeles, the Lum Hotel Los Angeles Stadium District is set for a transformation. The 179-key hotel, owned by San Francisco-based Chartres Lodging Group and managed by PM Hotel Group, will be rebranded as a Tapestry by Hilton property. Renovations are expected to be completed by late 2025. Marriott International continues its rapid growth in Europe, the Middle East, and Africa (EMEA), securing a record-breaking 291 deals, adding over 34,000 rooms in 2024. The company expanded into three new markets—Luxembourg, Angola, and Senegal—bringing its EMEA pipeline to 596 properties with 104,731 rooms, a 10% increase from the previous year. Conversions accounted for 45% of new signings, highlighting Marriott’s strategic expansion. Manchester City is also entering the hospitality space in collaboration with Radisson Hotel Group. The Premier League club will open The Medlock, a 401-key hotel adjacent to its stadium, by late 2026. In the Philippines, SM Hotels and Convention Corp. (SMHCC), a unit of SM Prime Holdings Inc., reported double-digit occupancy growth amid rising travel and MICE (Meetings, Incentives, Conferences, and Exhibitions) demand. The company is investing P15 billion in a five-year expansion plan, adding eight hotels and two convention centers in key locations. Source: hotelinvestmenttoday

Aprirose Sells London Hotel; LA Hotel Rebrands; Marriott Expands in EMEA Read More »