Education stocks rally 12% in late morning trade

Shares of companies related to education sector surged as much as 12 per cent on Thursday after Finance Minister P Chidambaram allocated Rs 65,867 crore (Rs 658.67 billion) to the HRD Ministry and......

RCom, Huawei have misused ECB funds: Govt

Reliance Communications, Reliance Infratel, Huawei Technologies and Walt Disney Company (India) are among the companies which misused or diverted funds raised from abroad under the ECB route in the......

Pearson to invest $30 mn in India

Global publishing firm Pearsonsaid on Wednesday it will invest $30 million(about Rs 145 crore) in the country by acquiring stake in Educomp Solutions and in a Bangalore-based firm. "Fiftyper cent......

Good news for IT education cos

Though the outlay for Sarva Shiksha Abhiyan is retained at Rs 13100 crore, the increase in allocation for education sector by 6% to Rs 36400 is viewed favourably. Budget Provisions The budget......