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Newsletter | New Apple iPad launch on May 7; Medical education costs may double in the next decade & more
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
From the possibility of medical education costs doubling in the next decade to the new Apple iPad launch on May 7, here are the top 11 news stories across business, global events, tech, and more.
Here are the top 11 news stories across business, global events, tech, and more —
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Welspun Corp to export line pipes worth ₹611 crore from India to Latin America
Welspun Corp on Wednesday, April 24, said it has received a letter of award in India to supply LSAW pipes, coating and bends in Latin America.
The contract is worth ₹611 crore and it will be executed in the 2024-25 fiscal year, the company said in a stock exchange filing.The company added that the letter of award will be followed up with a notice to proceed/purchase the order by around the second week of May.Earlier this week, the company said it had received orders worth ₹872 crore in the last one month to supply multiple-line pipes, both in India and the United States.
Tesla shares surge 13% in extended trading despite steepest revenue drop since 2012; Here’s why
Tesla Inc., owned by billionaire Elon Musk, reported a 9% year-on-year decline in its revenue for the March quarter, its first drop since the Covid-19 quarter in 2020 and the steepest that the world’s most valued automaker has seen since 2012. However, the stock rose over 13% in extended trading to $163.96, thereby rebounding from the lowest level in 15 months.
This, after Elon Musk highlighted that the production of the new, affordable EV models could be preponed. Tesla had earlier guided for production of low cost models to begin in the second half of 2025. Musk also guided for Tesla’s sales in 2024 to be higher than that in the year gone by.
Lok Sabha elections 2024: Full list of Congress candidates in Karnataka
The Lok Sabha elections for 28 seats in Karnataka will be held in two phases. The polls will be held on April 26 (14 seats) and May 7 (14 seats). Karnataka is a keenly watched state during the elections, drawing attention from parties like Congress, BJP, and JD(S).
The seven-phase 2024 general elections began on April 19 and voting will end on June 1. The counting of votes will take place on June 4.During the 2019 Lok Sabha elections, the Bharatiya Janata Party-led National Democratic Alliance (NDA) won 26 of the 28 seats in the state. Congress and JD (S) – the former alliance partners – ended up with a seat each.
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Apple to launch new iPad models on May 7
Apple has announced the date on which it is expected to launch its new lineup of iPads — May 7. In a post on X (formerly Twitter), Apple CEO Tim Cook said, “Pencil us in for May 7”, with an animated, hand-drawn Apple logo, hinting at a possible third-generation Apple Pencil.
Rumours are buzzing about significant upgrades coming to the iPad Pro, marking some of the most substantial improvements since the 2021 M1 overhaul. These upgrades are said to include an OLED display (with a slight size increase to 13 inches for the larger model), an updated M3 chipset, and the long-awaited horizontal repositioning of the front-facing camera. Additionally, there’s speculation about a revamped Magic Keyboard with an aluminium design and a larger trackpad.
What happens now that US TikTok bill has been passed
The US Senate on Tuesday passed legislation giving TikTok’s Chinese owner, ByteDance, about nine months to divest the US assets of the short-video app, or face a nationwide ban. US President Joe Biden said he would sign the bill into law on Wednesday.
TIKTOK CLOCK STARTS
Once Biden signs the bill, a 270-day clock starts during which ByteDance must sell TikTok. If it looks like ByteDance is close to divestment near the end of the nine-month period, the president can authorise an additional 90 days for any deal to be finalised. If the bill is signed into law this week, as expected, the 270-day period will end around the inauguration of the next president of the United States, on January 20, 2025, leaving the decision on an extra three months either to Biden, a Democrat, who is seeking reelection, or Republican front runner Donald Trump.
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Medical education costs may double in the next decade—are you prepared?
Over 2 million students in India apply for the National Eligibility-cum-Entrance Test (NEET) and only 56% of them qualify. It’s not enough to score well to secure a seat; there’s immense pressure on the NEET applicants to be closer to the top to be eligible for a pocket-friendly government college. The cost of medical education in India outside the 108 functional government-owned medical colleges is prohibitively high.
What’s worse, the cost is likely to double in the coming years, according to a February 2024 report by analysts at Anand Rathi, a Mumbai-based financial services firm.An MBBS (Bachelor of Medicine and Bachelor of Surgery) course costs, on average, ₹5 lakh and a postgraduate course costs ₹15 lakh. This could rise to ₹11 lakh and ₹15 lakh, respectively by 2035.
How sensitised are you about retirement planning?
Have you ever considered how much corpus you will need for a comfortable retirement? This is a question that often catches people off guard. My recent interactions have consistently shown the surprising lack of awareness among well-educated individuals regarding the necessary retirement corpus. Thanks to modern medicines and medical interventions, lifespans are continuously increasing.
As a result, there is a genuine chance of running out of money if one does not plan retirement cash flows well. Using some real life example, let us see why it is critical for each and every one to plan for a substantial retirement fund.
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Accacia raises $6.5 million in pre-Series A funding to drive decarbonisation in real estate and infrastructure
Accacia, a decarbonisation platform focusing on the real estate and infrastructure sectors, has successfully closed a $6.5 million pre-Series A funding round. The round was spearheaded by Illuminate Financial, a specialised venture capital firm known for its focus on enterprise fintech companies.
Speaking to CNBC-TV18, Annu Talreja, Founder & CEO of Accacia, emphasised the significance of their platform in addressing the complex emissions tracking challenges prevalent in real estate sector. Talreja stated, “Our platform is specially designed for real estate companies. Real estate has emissions across the value chain and hence it’s a very complex emissions tracking problem.” She further explained, “Our platform automates data collection from different parts of the real estate value chain, enabling us to calculate carbon emissions across the entire value chain.”
Beyond Odds Technologies to harness $11 million seed funding for content, brand amplification and acquisitions
Former Oyo and Unacademy senior executive Vivek Sinha recently unveiled his latest venture — Beyond Odds Technologies — with $11 million in seed funding. The funding round, a combination of equity and debt, was spearheaded by Matrix Partners India and Lightspeed.
Beyond Odds Technologies aims to bring about a change in the recruitment and training landscape for grey-collar jobs across various sectors, including healthcare, construction, education, and hospitality. Beyond Odds Technologies, Sinha said, was starting with healthcare in the first academic season because there is a massive shortage of skilled professionals, both domestically and globally.
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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
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