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Gujarat-Based Pharma Company Unveils Promising Treatment for Diabetic Neuropathy

A breakthrough in the world of pharmaceuticals emerges from a Gujarat-based company, Asprius Lifesciences, as they unveil a potential game-changer in the treatment of diabetic neuropathy. This prevalent condition, affecting millions globally, leads to nerve damage in peripheral regions, resulting in numbing sensations, tingling, pain, and weakness in the extremities. The innovative treatment, a fixed-dose combination (FDC) of two drugs, holds great promise and has already been patented by the company. Spearheaded by the visionary Chairman & MD, Vishal Zinzuwadia, and backed by the brilliant mind of Dr. Sanjay Agrawal, Medical Director of Asprius Lifesciences, this novel formulation offers new hope to those battling diabetic neuropathy. Recognizing the severe impact of diabetic neuropathy on patients’ quality of life, the company is now diligently conducting clinical trials to assess the safety and efficacy of their revolutionary FDC. If successful, the treatment will soon be available in India, marking a significant milestone in the fight against this debilitating condition. With the potential to mitigate symptoms and prevent further complications, this cutting-edge development signifies a crucial step forward in addressing diabetic neuropathy’s unmet medical needs. Asprius Lifesciences’ dedication to improving patients’ lives serves as a beacon of hope for countless individuals seeking relief from the burdens of diabetic neuropathy.

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India Post Joins Hands with ‘Har Ghar Tiranga’ Campaign, To Sell National Flags Through 1.6 Lakh Post Offices

admin / Governance Community

India Post embraces the spirit of patriotism and national pride as it announces its wholehearted support for the Government’s “Har Ghar Tiranga” campaign. From August 13 to 15, the India Post’s 1.6 lakh post offices across the country will sell the Indian flag, making it easily accessible to citizens. Whether you prefer to walk into a nearby post office or use the convenient ePostOffice facility, purchasing the tricolor has never been easier. But the engagement doesn’t stop at flag sales. The Post Office aims to foster a sense of unity and awareness among citizens through a series of Jan Bhagidari events. By connecting people to this significant initiative of New India, they encourage active participation from all corners of the nation. Taking inspiration from the campaign, citizens are invited to capture their love for the flag by clicking selfies with the national emblem hoisted at their homes and workplaces. These moments of national pride can be shared on social media with designated hashtags, including #IndiaPost4Tiranga, #HarGharTiranga, and #HarDilTiranga. In the pursuit of instilling a deeper sense of patriotism and honoring the symbol of unity and freedom, India Post’s efforts in supporting “Har Ghar Tiranga” prove instrumental in strengthening the spirit of love and togetherness for the nation.

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CBSE Signs 15 MoUs for Teachers’ Training and Skill Development in Line with NEP 2020

admin / Education Community

The Central Board of Secondary Education (CBSE) has recently entered into 15 memorandum of understandings (MoUs) to support the advancement of Skill Education, Assessment, and Capacity building of teachers. This initiative aligns with the objectives of the National Education Policy (NEP) 2020, which stresses the importance of stronger collaboration between academia and industry. The goal is to update the curriculum to meet industry requirements and offer internships and apprenticeships to students for valuable industry exposure. Equally important is enhancing teachers’ abilities to achieve the desired outcomes. CBSE has joined hands with various organizations for skill development, education, and training. Among them are Atal Innovation Mission, IBM, Intel, Microsoft, and various sector skill councils such as Apparel Made-Ups and Home Furnishing Sector Skill Council, Automotive Sector Skill Council, Sports, Physical Education, Fitness and Leisure Skills Council, Logistics Sector Skill Council, Furniture and Fittings Sector Skill Council, Life Sciences Sector Skill Council, Textiles Sector Skill Council, and Healthcare Sector Skill Council. The sector skill councils will contribute by creating skill modules and study materials for different levels, organizing competitions and hackathons for students, and providing teacher training. Educational Initiatives Pvt. Ltd and Oxford University Press India will play a role in developing Training Manuals for Competency Based Capacity Building Programme (CBP) in subjects like English, Maths, Science, and Social Science. They will also update the existing CBP for strengthening Assessment and Evaluation and create training materials for the development of Capacity Building Programme (CBP) on National Curriculum Framework Foundational Stage (NCF-FS), according to CBSE’s statement.

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Walmart Acquires Tiger Global’s Remaining Flipkart Stake for $1.4 Billion

admin / Human Resource Community

Retail giant Walmart has finalized the purchase of Tiger Global’s remaining shares in Indian e-commerce startup Flipkart for $1.4 billion. This move marks Walmart’s further expansion of its stake in Flipkart, reinforcing its presence in the thriving Indian e-commerce market. Tiger Global, a New York-headquartered hedge fund, had earlier cashed out a significant portion of its Flipkart shares, making an impressive gain of $3.5 billion from its initial $1.2 billion investment, according to sources familiar with the matter. The recent transaction now brings the Bengaluru-based Flipkart’s valuation to $35 billion, slightly lower than its previous valuation of $37.6 billion due to a reassessment following the split of payments startup PhonePe. Walmart had acquired a 77% stake in Flipkart for $16 billion in 2018 and held around 72% of the company as of last year. Prior to this recent deal, Tiger Global’s stake in Flipkart stood at 4%. With this significant investment, Walmart deepens its competition with Amazon’s local division in India. Despite the substantial investment, Flipkart is reportedly in need of additional funding and is likely to turn to Walmart to secure the majority of financing required for its next funding round. Flipkart’s future fundraising endeavors are expected to remain promising, given its strong market position and the continued growth potential in India’s e-commerce sector.

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Amazon Implements Workforce Reduction at Fresh Grocery Stores Across the US

admin / Human Resource Community

Amazon is making significant changes to its Fresh grocery stores in the US, resulting in a reduction in the workforce. The company is eliminating the role of ‘zone lead,’ which involves overseeing departmental responsibilities and employee training at the stores. While the exact number of employees affected hasn’t been disclosed officially, it’s believed that hundreds of employees could be impacted. This move is part of Amazon’s efforts to revamp its operations model and enhance efficiency for both customers and employees. Over the past year, Amazon has already reduced its global headcount by approximately 27,000. To achieve a more streamlined approach, the company has also expressed its intention to close some Fresh outlets and Go stores, with the most significant presence in Virginia, Washington, California, and Illinois. Amazon currently operates over 20 cashier-free convenience stores under the Amazon Go brand in the US. The company acquired Whole Foods six years ago in a multi-billion-dollar deal, and even that subsidiary went through a restructuring exercise in April, leading to hundreds of layoffs. Amazon is striving to optimize costs throughout its operations, and the grocery stores are no exception. Employees affected by the changes have been offered the possibility of transitioning to other roles within the company or receiving a severance package. CEO Andy Jassy has emphasized the importance of identifying a suitable ‘mass grocery format’ as part of their ongoing efforts to improve services.

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KisanKonnect Revolutionizes Farm-to-Fork with India’s First Digital Farmers Market

admin / Governance Community

KisanKonnect, an integrated ‘farm-to-fork’ company, has introduced India’s first digital farmers market called ‘Aapka Apna Farmers Market’ through its app. The initiative, inaugurated by wellness advocate Shilpa Shetty Kundra, links 5,000 farmers from Maharashtra directly to consumers in Mumbai and Pune. By eliminating intermediaries, KisanKonnect reduces wastage and ensures fair prices for both farmers and urban consumers. The company’s proprietary technology, Kisan-Trace, offers complete information about the farm, farming practices, and growing location of the vegetables to consumers even before purchase, promoting transparency and trust. Founded three years ago, KisanKonnect has established an advanced tech-enabled supply chain, serving more than three lakh urban consumers through its app and farm stores. The company follows ‘Responsible Agriculture Practices,’ prioritizing soil improvement, using biofertilizers instead of chemicals, and providing farmers with scientific Agronomy inputs for better crop productivity. Bollywood actress Shilpa Shetty-Kundra has recently invested in the start-up, further endorsing its vision. Nidhi Nirmal, Co-founder, and Chief Business Officer of KisanKonnect, highlighted the importance of consumers knowing the source of their food for confidence in its quality. The partnership between KisanKonnect and urban consumers in Mumbai and Pune aims to connect conscious consumers with farmers who practice responsible farming methods, ensuring the delivery of fresh produce directly from the farm to their homes. KisanKonnect’s farm-fresh vegetables and fruits can be accessed through their website and mobile app (KisanKonnect Farm Fresh Produce). The company has garnered trust and preference from customers who appreciate its commitment to quality and sustainable agriculture practices.

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India’s Medical Education Sees Rapid Growth: MBBS Seats Up by 110%, Medical Colleges by 82% since 2014

admin / Health & Wellness Community

The Lok Sabha was informed that India has seen remarkable progress in its medical education sector since 2014. The country has witnessed an 82% increase in the number of medical colleges, growing from 387 to 704, and an impressive 110% increase in MBBS seats, rising from 51,348 to 1,07,948 during this period. Furthermore, there has been a substantial 117% rise in the number of post-graduate (PG) medical seats, from 31,185 to 67,802. Union Health Minister Mansukh Mandaviya highlighted the government’s efforts in supporting the establishment of new medical colleges in underserved areas and aspirational districts. A total of 101 medical colleges have been approved under the centrally-sponsored scheme, with one such college approved in Assam. The government’s initiatives also aimed at upgrading existing medical colleges to enhance medical education standards. Through various schemes, support has been provided to add thousands of MBBS and PG seats in different colleges across the country. Additionally, the National Medical Commission Act, 2019, was introduced to improve access to quality medical education and ensure the availability of skilled medical professionals throughout India. The Act has led to several positive changes, including recognizing the Diplomate of National Board qualification for faculty appointments and increasing the age limit for certain medical college positions to 70 years. Furthermore, the NMC Act has relaxed norms for setting up medical colleges, rationalized the teacher-student ratio to increase PG seats, and framed guidelines for determining fees in private medical institutions and deemed-to-be universities. India’s medical education sector has seen significant expansion and improvements, contributing to better healthcare access and quality across the nation.

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Australia Removes TOEFL iBT from Visa Eligibility

admin / Education Community

In a recent development, the Australian government has made an official announcement regarding English language tests for visa purposes. As of July 26, the Test of English as a Foreign Language (TOEFL) iBT will no longer be considered for Australian visa applications until further notice. Prior to this change, the TOEFL iBT score was accepted as a valid proof of English proficiency. However, the government has decided to exclude it from the list of accepted tests for visa requirements. This decision came as the TOEFL iBT was undergoing enhancements worldwide, aiming to improve the test taker experience by reducing test time and streamlining registration procedures. Despite these improvements, the Australian Department of Home Affairs (DHA) has opted to suspend its acceptance of TOEFL iBT scores. At present, applicants seeking an Australian visa must submit scores from other accepted tests conducted at secure test centers. These include the International English Language Testing System (IELTS), Pearson Test of English (PTE), Cambridge English (CAE), and the Occupational English Test (OET) for health professionals. Notably, IELTS results that include One Skill Retake (OSR) will be accepted for visa purposes, except for specific subclasses that require scores from a single sitting. As the Australian government aims to uphold high standards for English proficiency measures, the exclusion of TOEFL iBT underscores the significance of the approved alternative tests in assessing language abilities of visa applicants.

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ArdorComm ‘New Normal – Education Leadership Summit & Awards 2023’ #ELSANewDelhi #ELSAGurugram held at Gurugram, Delhi NCR on 21st & 22nd July 2023

admin / Blogs

ArdorComm Media Group (A Media Start-up) hosted the ‘New Normal – Education Leadership Summit & Awards 2023’ as the India’s Biggest Education Leadership Summit in Gurugram, Delhi NCR on 21st & 22nd July 2023. ELSA New Delhi was the Seventh successful summit of the NEW NORMAL – ELSA series. The Summit theme focused on “INDIA Vision 2030: A Move to Improve Education & Skills in 21st Century Workplace”. The two-day symposium brought together Pre-school, School & Higher Education Leaders, Innovators, Policymakers and EdTech Experts, to discuss the challenges and opportunities in the education sector in the post-pandemic world and going ahead with a vision 2030. The Knowledge forum witnessed who’s who from government, pre-schools, schools, universities, colleges, engineering institutes, B-schools, skill institutions, and experts from corporate, EdTech companies & education startups. Deliberating, showcasing & presenting best & next practices in school, higher, skill and technical education. The event celebrated the success stories of all educators who have been continuously working for the betterment of the current teaching-learning scenario. The Day 1 focused on the Higher Education sector and Day 2 focused on the School Education sector. Chandan Anand, Founder, CEO & Group Editor of ArdorComm Media Group, emphasized on the event theme saying, “In the pursuit of progress and prosperity, India envisions a transformative journey to 2030, where education and skills become the guiding lights illuminating the path to a thriving 21st-century workplace. With a focus on innovation, research, and quality, the government has implemented the National Education Policy (NEP) 2023, which aims to equip students with the necessary skills and knowledge to succeed in the modern world. The “New Normal – Education Leadership Summit & Awards 2023” organized by ArdorComm Media Group serves as a crucial platform to discuss and recognize the efforts being made towards achieving this vision.” The Government Supporting Partner of the Summit were Department of Higher Education, Government of Nagaland and All India Council for Technical Education (AICTE). The National Council of Educational Research and Training (NCERT) supported the summit as Representing Institutions. The Presenting Partner of the event was LinkedIn and Co-presenting Partner was UNIVO. The Gold Partner of the summit was KALOREX, EdTech Partner was D2L, Online Learning Partner was Coursera, Payroll Partner was Razorpay, Admission Automation Partner was ExtraaEdge. The Associate Partners were DigitalEd, FunctionUp School of Technology and SaS. The Credential Partner was TruScholar, University Partner were Chitkara University, OPJU (OP Jindal University), Shobhit University. The School Partner were Billimoria High School, Chitkara Internsational School, Sanfort World School, Seth MR Jaipuria Schools and Preschool Partner was Sanfort. The Exhibitors at the summit were EDTEX and SmartQ. The important guests, eminent speakers, experts, academicians & educators from pre-schools, schools, universities, engineering institutions, B-schools, EdTech & education startups who graced the event with their presence on both days at ‘ArdorComm New Normal – Education Leadership Summit & Awards 2023 in Gurugram, Delhi NCR on 21st & 22nd July were: – Day 1 (Higher Education): The Chief Guest of the event was Shri Temjen Imna Along, Hon’ble Minister of Higher Education & Tourism, Government of Nagaland. The Special Guests were Prof. Rajive Kumar, Member Secretary, AICTE, MoE, Govt. of India, Dr. (Mrs.) Pankaj Mittal, Secretary General, Association of Indian Universities. The Guest Speakers were Kunwar Shekhar Vijendra, Chancellor, Shobhit University, Prof. (Dr.) Madhu Chitkara, Pro Chancellor, Chitkara University, Saba Karim, India Head, Public Sector, LinkedIn and Monica Agarwal, Director, Content, UNIVO Education. The Eminent Panel Speakers were Prof. (Dr.) B.S.Satyanarayana, Vice Chancellor, G. D.Goenka University, Sohna, Prof. (Dr.) Madhu Chitkara, Pro Chancellor, Chitkara University, Kunwar Shekhar Vijendra, Chancellor, Shobhit University, Dr. Sunil Rai, Chancellor, UPES, Dehradun, Prof. (Dr.) Pankaj Kumar Mishra, Pro Vice Chancellor, Glocal University, Sharanpur, Prof. (Dr.) Arun Garg, Vice Chancellor, MVN University, Palwal, Prof. Prafulla Agnihotri, Director, Indian Institute of Management, Sirmaur, Prof. (Dr.) V. K. Rattan, Vice Chancellor, GNA University, Phagwara, Prof. R. S. Yadav, Vice Chancellor, Baba Mastnath University, Rohtak, Pravesh Dudani, Founder & Chancellor, Medhavi Skills University, East Sikkim, Dr. Prabhat Pankaj, Director, Jaipuria Institute of Management, Jaipur, Abhishek Ajmera, Chief Revenue & Marketing Officer, UNIVO Education, Prof. (Dr.) Chattar Singh, Vice Chancellor, Rai Technology University, Bengaluru, Abhay Gupta, Founder & CEO, Luxury Connect Business School, Gurugram, Prof. (Dr.) B. L. Bhardwaj, Vice Chancellor, Maharishi Markandeshwar University, Ambala, Prof. (Dr.) Raghuvir Singh, Vice Chancellor, Teerthanker Mahaveer University, Moradabad, Dr. R D Patidar, Vice Chancellor, OP Jindal University, Raigarh, Dr. Prem Das Maheshwari, Business Director-South Asia, D2L, Prof. (Dr.) Vikas Singh, Founder Vice Chancellor, Geeta University, Panipat, Delhi, Prof. Ambarish S. Vidyarthi, Vice Chancellor, Bikaner Technical University, Bikaner, Rajasthan, Prof. (Dr.) Vikas Madhukar, Pro Vice Chancellor, Amity University, Gurgaon, Dr. Manju Gupta, Director Strategic Management, Mangalmay Group of Institutions, Greater Noida, Sanjay Diwan, Educator and Advisor, USME-DTU, DigitalEd India & Positive Momentum, Dr. Kamalesh VN, Pro Vice Chancellor, Madhav University, Sirohi, Pankaj Jain, Regional Director India Subcontinent, UTS (University of Technology Sydney) College, Pooja Priyamvada, Academic Director, International Institute of Mass Media, New Delhi, Dr. Sunil Kr Pandey, Director (IT & UG), Institute of Technology & Science, Ghaziabad, Aanchal Chopra, Regional Head – North, Academic & Govt. (A&G) Business, LinkedIn, Dr. Indranil Bose, Vice President-Academics & Head of the Department & Professor-Management, Adamas University, Kolkata. The Industry Perspectives of Day 1 were shared by Saba Karim, India Head, Public Sector, LinkedIn, Daksh Agrawal, AVP Growth, ExtraaEdge, CA Mayur Zanwar, Co-Founder, TruScholar, Pritesh Kumar, Co-Founder & Director, FunctionUp School of Technology. The eminent speakers at the Leadership Talk Session – A Roundtable Discussion moderated by D2L on the topic, “Promoting Active Learning and Student Engagement through Technology-Enabled Solutions” were Dr. Prem Das Maheshwari, Business Director South Asia, D2L, Dr. Manju Gupta, Director Strategic Management, Mangalmay Group of Institutions, Indirapuram, Dr. TR Pandey, Director, Ajay Kumar Garg Institutes of Management, Ghaziabad, Prof. H. L. Verma, Vice Chancellor, Jagan Nath University, Bahadurgarh, Dr. Rekha Vig, Dean – IQAC, The NorthCap University, Gurugram, Prof. (Dr.) B. L. Bhardwaj, Vice Chancellor, Maharishi Markandeshwar University, Ambala, Dr. Sanjeev Kumar Sharma, Pro Vice Chancellor, Sushant University, Gurugram, Dr Manoj Agarwal, Director,

ArdorComm ‘New Normal – Education Leadership Summit & Awards 2023’ #ELSANewDelhi #ELSAGurugram held at Gurugram, Delhi NCR on 21st & 22nd July 2023 Read More »

Government Initiates Probe into Eros International’s Financial Accounts Over Allegations of Misreporting and Fund Diversion

admin / Media Entertainment & Art Community

The Ministry of Corporate Affairs has launched a probe into the financial accounts of Eros International Media based on information from two unidentified government officials who spoke to Reuters. The investigation was triggered by allegations from the market regulator that the media company engaged in financial misreporting and fund diversion in June. The ministry was convinced that an inspection was necessary to examine the allegations of fund siphoning. Eros International Media, known for being a distributor and producer of movies and owning the popular OTT streaming platform Eros Now, is under scrutiny. Both the Ministry of Corporate Affairs and Eros International have not yet responded to requests for comments via email. In a preliminary order, the Securities and Exchange Board of India (SEBI) had found initial evidence suggesting that Eros International’s financial accounts were overstated and did not provide an accurate representation of the company’s financial health. Following SEBI’s findings, the Managing Director of Eros International Media, Sunil Arjan Lulla, and three company entities were barred from participating in the securities market. Eros International challenged this order earlier this month. As part of the investigation process, the Ministry of Corporate Affairs has the authority to record statements from company officials and request relevant documents. The ministry is required to compile its report within a six-month timeframe, as stipulated by Indian law. Source: Reuters

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