TeamLease acquires 40% stake in Schoolguru for Rs13 crore

TeamLease acquires 40% stake in Schoolguru for Rs13 crore

The purchase of additional stake by TeamLease is linked to Schoolguru’s future performance and meeting its milestones. New Delhi: Staffing services firm TeamLease Services on Wednesday said it has acquired 40% stake in online learning company Schoolguru Eduserve Pvt Ltd for Rs13.53 crore, a move that will accelerate TeamLease’s employability strategy. Both the companies have signed a definitive agreement to this effect. “TeamLease’s infusion of Rs13.53 crore into the company (Schoolguru) will be primarily used to expand its business into new geographies, strengthen existing technology and content library, and innovate in…

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Rs 1 crore scholarship offer for undergraduate programme in Australia, deadline June 30

Rs 1 crore scholarship offer for undergraduate programme in Australia, deadline June 30

Indian students interested in studying in Australia can apply for Sydney-based public research university Macquarie’s second edition Big History International Student Undergraduate Scholarship, available for all undergraduate courses. To qualify, students have to complete a MOOC course on the evolution of the universe and the world, titled Big History: Connecting Knowledge through MOOC provider Coursera . The scholarships will cover all tuition fees up to $50,000 AUD per year for an undergraduate degree of a duration of three to four years, depending on the programme of study. This represents a…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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SIT estimates scholarship scam size at Rs 1415 crore

SIT estimates scholarship scam size at Rs 1415 crore

NAGPUR: The special inquiry team (SIT) or task force probing the state’s scholarship scam has estimated that the total amount embezzled could go up to Rs 1,415 crore. The amount was gobbled up in the name of distributing post-matric government scholarships to more than 15 lakh students in 23,752 colleges between 2010 and 2016 through social justice and tribal welfare deparments. A review meeting of officials of the SIT, formed in January last year and whose term is concluding in mid-February, took place at city police commissionerate on Tuesday. The…

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