Kailash Satyarthi and Dr. Jeffrey Sachs Receive Honorary Doctorates from Amrita University
Amrita Vishwa Vidyapeetham (Amrita University) recognized as the fifth-best university in India as per the 2021 NIRF rankings conferred its first honorary doctorates on Kailash Satyarthi, Nobel Peace Laureate, and Dr. Jeffrey Sachs, Global Economist for Sustainable Development.
A virtual ceremony was held for the event that was graced by the presence of the well-known humanitarian and spiritual leader, Mata Amritanandamayi (Amma), the Chancellor of Amrita Vishwa Vidyapeetham.
Ashwini Kumar Choubey, Minister of State for Consumer Affairs, Food and Public Distribution and Environment, Forest and Climate Change, graced the ceremony via video conference.
LEAD Becomes First Edtech Unicorn of 2022
Mumbai-based start-up LEAD became the first edtech company to enter the unicorn club this year. The edtech start-up has raised $100 million in its Series E funding at a valuation of $1.1 billion.The round was led by Westbridge Capital while GSV Ventures also participated.
The company focusses on improving a student's school education experience rather than serving as a supplement to schooling like most other edtech start-ups. LEAD says it will enter Academic Year 22-23 with 5,000 schools across more than 500 cities in India with an annual revenue run-rate of $80 million – and reach 2 million students.
Jan 13, 2022
IIM-Lucknow Launches Advanced Management Program in Financial Services and Capital Markets
To strengthen professionals' skill sets and understanding of financial services, IIM Lucknow and Imarticus Learning launched an advanced management program in financial services and capital markets.
Designed by academicians at IIM Lucknow, the program will provide mid-level management professionals with in-depth domain exposure in corporate finance, valuation and modelling, equity research, investment banking, risk management, corporate banking, digital banking, treasury operations, and finTech.
The program will cover key aspects of financial services and capital markets. Each of the course modules will have live virtual teaching and learners will also be given access to the campus immersion at IIM Lucknow twice – once at the beginning, and once at the end of the program.
Edtech Firms Form Self-regulatory Body
Leading companies operating in the education technology space have formed a consortium – India EdTech Consortium (IEC) – which would adhere to a common "code of conduct".
Companies and start-ups such as Byju's, Careers 360, Great Learning, Harappa, Times Edutech & Events Ltd, Scalar, Simplilearn, Toppr, Unacademy, upGrad, Vedantu and WhiteHat Jr have joined the IEC as of now.
The consortium members will adhere to a common 'code of conduct' and institute a two-tier grievance redressal mechanism to protect the rights of the learners.
Jan 12, 2022
IIT Madras Gets New Director as Bhaskar Ramamurthi Steps Down
IT Madras is set to have a new director as Director Bhaskar Ramamurthi is stepping down as the director of the esteemed institution after completing two terms. Director Bhaskar Ramamurthi will be succeeded by V. Kamakoti, who is currently in the Computer Science and Engineering Department at IIT Madras.
An Alumnus of IIT Madras, Prof. Kamakoti is currently the Associate Dean for Industrial Consultancy and Sponsored Research (ICSR), IIT Madras. He is also a member of the National Security Advisory Board, Government of India.
He designed India's first Indigenously-developed Microprocessor 'SHAKTI.'
Jan 11, 2022
Four IITs Get New Directos, Including Delhi
The government appointed new directors to the Indian Institutes of Technology in Delhi, Madras, Indore and Mandi.
Prof Rangan Banerjee of IIT Bombay was appointed as the next director of IIT Delhi, while Prof V Kamakoti of IIT Madras was elevated as director of the same institute. Prof Laxmidhar Behera of IIT Kanpur and Prof Suhas Joshi of IIT Bombay were appointed as directors of IIT Mandi and IIT Indore, respectively.
The outgoing directors of IIT Delhi and IIT Madras – Prof Ramgopal Rao and Prof Bhaskar Ramamurthi – were serving on extension, with their five-year tenures having ended in April 2021. IIT Mandi and IIT Indore were being led by acting directors Prof Ajit Kumar and Prof Neelesh Kumar Jain, respectively.
Man gets Genetically-modified Pig Heart in World-first Transplant
A US man became the first person in the world to get a heart transplant from a genetically-modified pig.
David Bennett is doing well after the experimental seven-hour procedure in Baltimore.
The transplant was considered the last hope of saving Mr. Bennett's life, though it is not yet clear what his long-term chances of survival are.
It was either die or do this transplant," Mr Bennett explained a day before the surgery.
Doctors at the University of Maryland Medical Center were granted a special dispensation by the US medical regulator to carry out the procedure, on the basis that Mr. Bennett - who has terminal heart disease - would otherwise have died.
Jan 10, 2022
Hundred New Sainik Schools to Provide Opportunity to Girl Students to Join Armed Forces
According to Defence Minister Rajnath Singh, the government's decision to set up 100 new Sainik schools will provide an opportunity for girl students to join the armed forces and contribute to national security.
Singh said that the government is for increasing the role of women in the armed forces and a series of steps have been taken in that direction, including clearing the way for their admission in Sainik schools and providing permanent commission to women officers.
The defence minister exuded confidence that the decision to establish new Sainik schools will encourage girls to realise their dreams of serving the country.