Tag: Private

Travel giant Thomas Cook fails to find private funds to avert collapse: Source

Loknath Das

Iconic British travel firm Thomas Cook has failed to find further private investment to stave off collapse and is now relying on an unlikely government bailout, a source close the matter told AFP on September 21. The operator had said on September 20 that it needed 200 million pounds ($ 250 million) — in addition to the 900-million pound rescue deal secured last month — or else face administration, which could potentially trigger Britain’s largest repatriation since World War II. A source close to the negotiations told AFP that the company had failed to…

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Defense Secretary Mattis predicts bigger defense role for private technology firms

Loknath Das

Defense Secretary James Mattis says he sees a growing role for the technology industry in defending the United States. The comments suggest a potential untapped market for Amazon and Google, whose hometowns Mattis visited this week on a West Coast swing, and other large companies like Apple, Facebook and Microsoft. Like the leaders of these tech companies, Mattis is focused on acquiring more expertise in artificial intelligence. The difference is his goal: getting it into the U.S. military faster, to make it a “more lethal and more effective” fighting force. “Many of the advances [in AI] are…

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Partner at private equity firm denies being jogger who pushed woman into bus

Loknath Das

A man arrested on suspicion of pushing a woman into the path of an oncoming bus that nearly hit her has denied any involvement in the incident. Eric Bellquist, a partner at a Mayfair-based private equity firm, said he was not the jogger caught on CCTV shoving the woman into the road on Putney Bridge in south-west London. The American investment banker’s lawyers state that Bellquist has “irrefutable proof” he was in the US at the time of the incident. While the encounter occurred in May, it came to the…

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Private equity’s dirty finance secret

Loknath Das

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/48d107b2-5fed-11e7-91a7-502f7ee26895 Tighter rules are required to stop private equity managers from artificially inflating claims about their performance, according to the largest association representing investors in buyout funds. The Washington-based Institutional Limited Partners…

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Children of HIV patients to get free education in private schools

Loknath Das

Priyangi Agarwal| Updated: Jun 14, 2017, 02.47 PM IST (TOI File Photo) BAREILLY: Children of HIV positive patients will now be entitled to free education in private schools up to Class XII under the Right to Education (RTE). Children between three and seven years will be given admissions in nursery and Class I from this academic year (2017-18). The anti-retroviral therapy (ART) centre in Bareilly has so far identified 19 children in this Officials said that irrespective of their family’s financial condition, children of HIV positive people can now apply…

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Govt replaces Amritsar medical college principal who was caught doing private practice

Loknath Das

Six days after he was caught doing private practice against the rules, Dr BS Bal as replaced as principal of Government Medical College, Amritsar, on Friday. Dr Sohan Singh has been appointed as the new principal. Dr Bal’s private practice was busted by the vigilance bureau that sent a detailed report to the head office, following which the action was taken by the authorities concerned . The Punjab government had banned private practice by all government doctors in 2003. Director, medical education and research, Dr Sujata Sharma, however, said, “The…

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Private or Corporate Limo Services- What You Should Use?

admin

Nowadays limo hire services are more preferred over other taxi services because of their luxury, grandeur, comfort and cost-effective prices. There is nothing that can be compared with a limo hire service where a well dressed chauffeur arrives to pick you up and drop you to your destination and in the meantime you are enjoying your favorite drink or hanging out with your beloved, friends or wrapping up your work for the final presentation or discussing an important deal with potential clients while en route the city. Not many people…

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Private education lacking in accountability, CGHE report charges

subhadip

The study carried out by researchers at the UK’s Centre for Global Higher Education looked at private for-profit provision in the US, Germany, Australia, Poland, Japan and Chile. The report argues that the quality of education at private providers tends to be lower than at their public counterparts and the institutions’ reliance on tuition fees makes them more vulnerable to shifts in demand that could have “serious education and financial consequences” for students at failing institutions “who are often left in limbo”. Despite carrying a heftier price tag than public…

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Private school gives pupils a boost worth two extra years of education, research shows

subhadip

The Durham University study suggests that the attainment gap is larger than previously thought Independent school fees average around £12,000 a year for day pupils and £30,000 for boarders. Photograph: Christopher Furlong/Getty Images Independently-educated pupils receive a boost equivalent to two years of extra schooling over state school pupils even after adjusting for social and economic bias, according to new research. The study by Durham University – the most sophisticated of its type to date – found that independent school pupils in England gained an advantage worth nearly two-thirds of…

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Private school pupils ‘receive equivalent of two years’ extra education’

subhadip

Children who attend private schools benefit from the equivalent of two years’ extra education by the time they are 16, research suggests. Academics from Durham University analysed differences in attainment between state and private school pupils, taking their prior attainment, family background and gender into account. Private pupils were ahead of their state school counterparts at ages four, eight, 10 and 16, the study found. The research, commissioned by the Independent Schools Council, found that private schooling boosts teenagers’ GCSEs by almost two-thirds of a grade per subject. The biggest…

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