Tuesday, August 11
India has been identified as a key focus country in Britain’s new 'International Education Strategy', released on Tuesday, as the UK aims to grow the value of its education exports to 40 billion pounds a year by 2030. The strategy sets out measures to expand the global reach of UK education and revise how overseas growth is pursued.The UK government has formed a new Education Sector Action Group to work with the International Education Champion, universities, colleges and schools. The group will focus on removing trade barriers and expanding education and skills offerings in growth markets. Under the revised approach, the UK has removed targets on the number of overseas students recruited by domestic institutions. The focus now shifts to growing education exports abroad, including throug
Shares of Persistent Systems declined 3.5% to their day's low of Rs 6,120 on the BSE on Wednesday despite brokerages largely reiterating their bullish views on the IT services firm following its December-quarter results. Analysts cited stronger-than-expected margin expansion, sustained deal momentum and AI-led execution, while some flagged the need for clarity on the durability of recent margin gains amid premium valuations.Persistent Systems on Tuesday reported a 17.81% rise in consolidated net profit to Rs 439.45 crore for the quarter ended December, while revenue from operations climbed 23.37% year-on-year to Rs 3,778.20 crore. Sequentially, profit declined 6.7% and revenue rose 5.5%, with results absorbing a one-time Rs 89 crore impact from the implementation of new labour codes. With
Shares of AU Small Finance Bank (AU SFB) gained over 2% to hit a day’s high of Rs 1,027 on the BSE on Wednesday after the lender delivered a strong December-quarter performance. Net profit rose 26% year-on-year to Rs 668 crore, compared with Rs 528 crore in the same period last year.The midcap lender also posted healthy growth in its core earnings, with net interest income (NII) rising 16% YoY to Rs 2,341 crore in Q3FY26, from Rs 2,023 crore in the corresponding quarter of the previous financial year.Profitability was further supported by margin expansion. The bank’s net interest margin (NIM) widened by 25 basis points sequentially to 5.7% in the December quarter, up from 5.5% in Q2FY26.Non-interest income remained a key contributor to earnings. Other income rose 17% YoY to Rs 724 cror
US President Donald Trump on Wednesday expressed confidence over the India-US Bilateral Trade Agreement (BTA), noting that the two countries are "going to have a good deal", while praising Prime Minister Narendra Modi as a close friend and respected leader.Trump made this comment while speaking to Moneycontrol, following his address at the 56th Annual Summit of the World Economic Forum."I have great respect for your Prime Minister. He's a fantastic man and a friend of mine, and we are going to have a good deal," Trump said when asked about the India-US trade deal by Moneycontrol.Earlier, India's Commerce Secretary Rajesh Agrawal asserted that the much-anticipated first tranche of the India-US BTA is "very near", but stopped short of providing a timeline.The BTA, formally proposed in Februa
