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KKR-backed Lighthouse to buy Gurugram-based Pathways School

Pathways School, Gurgaon, one of India’s prominent IB schools, is in the process of being acquired by KKR-backed Lighthouse Learning Group, formerly EuroKids International, for about Rs 1,500 crore. It is being counted among the largest transactions yet in India’s school education sector.Pathway Gurgaon is a single campus spread across 10 acres with 4.5 lakh...
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Centre looks to tap more global giants for GCCs

India having 5,000 GCCs by 2030 is realistic, achievable: Sitharaman NEW DELHI: India is planning to tap into the growing global capability centre (GCC) market to make itself indispensable to the world’s knowledge economy, as finance minister Nirmala Sitharaman Thursday reiterated that the goal of building an ecosystem capable of supporting around 5,000 GCCs by...
philips launches first start up programme for ai in healthcare

India emerges as global hub for Philips’ AI healthcare solutions

AMSTERDAM: India has emerged as the global development hub for more than 85% of Philips’ artificial intelligence (AI) solutions for healthcare, underscoring the country’s growing role in shaping next-generation medical technologies even as the company bets on AI-enabled diagnostics to help address India’s shortage of advanced imaging services and trained specialists.The company said its Bengaluru...
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Bloomberg introduces global trade in Indian bonds

Bloomberg has introduced a new electronic trading system that allows global investors to buy and sell Indian govt bonds more easily, marking an important step in opening up India’s bond market to the world. The company said it has completed its first fully-electronic trade in Indian govt bonds using this system. The new workflow enables...
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Li-ion, electronics parts get customs duty waiver

NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the...
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India’s GCCs redraw global leadership map

A growing number of leaders from India-based global capability centres (GCCs) are making their way into the Fortune 500 C-suite, underscoring the rising strategic importance of these centres and the influence of their leadership.Recent examples include Kalyani Sekar, senior vice-president and chief data and AI officer at Verizon; Hari Vasudev, executive vice-president and CTO of...
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June home sales disappoint as prices reach an all-time high

High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however,...
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