Corporate News: November 2010

Expansion on cards for Edify Education

A section of DRS Group, Edify Education plans to have pan-India presence through launch of 50 franchised Edify Schools, 250 Franchised Edify Kids pre-schools, and 10 company owned International schools by 2015, confirmed a company official. An investment of INR 500 crore is being considered for investment in this expansion plan of its network of schools to around 300 across India. It has combined the best teaching techniques and practices CBSE and other global orientations to provide 'international' education at an inexpensive fee. These schools will run on the 3-C philosophy-character, competence and content. The assessment technique in these schools will target to evaluate child's ability to conceptualise, process information and apply the same in a creative manner.

Huges and Venera partner to deliver easy, affordable education in India

Venera Technologies, a service provider of digital multimedia solutions and Hughes, a global provider of broadband satellite networks announced a partnership that is to facilitate Venera to offer its Virtual Classroom platform IeraTM for delivering online education using VSAT and Internet in Tier B and C cities through HughesNet Fusion centers in the country. Hughes's usage of IeraTM will enable aspirants from small towns in India to get an access to professional education from premium institutes without migrating to big cities, as a viable education solution.

ICAI partners with USE for knowledge

In order to disseminate comprehensive knowledge of financial markets to its members, the Institute of Chartered Accountants of India (ICAI) recently signed a Memorandum of Understanding (MoU) with United Stock Exchange (USE). Inclusive of the partnership is an understanding that members of ICAI will be educated by the USE through seminars, panel discussions and workshops on financial markets and corporate governance. ICAI would provide institutional support and facilitate interactions with its members wherein USE would impart relevant knowledge. The MoU has been signed for a term of 3 years and would be renewed subsequently on mutual consent. USE was launched recently with record volumes and has been the market leader since launch. The Institute of Chartered Accountants of India, functioning under the aegis of Ministry of Corporate Affairs, is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India.

Manipal Launches first elearning solution for Engineering Colleges

Manipal K 12 Education announced the launch of India's first digital learning solution for engineering colleges. Recently, launched India's first digital learning solution for engineering colleges, that targets to empower faculty with learning aids and objects and help them create the technology leaders of tomorrow. After establishing leadership in the K-12 segment with its digital learning solutions: DigiClass and DigitALly, that won many customers and awards. Manipal K-12 Education has extended its offerings to the engineering colleges segment. The solution entails rich digital content, a content repository, enhancement and delivery framework and hardware elements such as servers, multimedia computers, interactive projectors, UPS equipment etc. that are installed in the classroom.

MeritTrac launches AuthenTrac

10 million professional entrance exams, 130 million semester exams and 50 million Government/PSU recruitment exams: these are the number of exams that candidates appear for, in our country. Almost all of these exams are conducted in a traditional paper-pencil mode and the exam process relies solely on the signature of the candidate as a proof of identity, post facto. With the intense competition to get the right seat, the appropriate marks and the plum Government post, this process of authentication remains by far the weakest link of the paper-pencil exam process, providing an opportunity for thousands of impersonations to happen routinely. In the last year alone, a quick search on news articles of impersonation has thrown up over 125 cases that have been highlighted by the national media alone. The current process of authentication in the traditional paper-pencil mode today is to match the facial features of the candidate with the photograph on the hall (admission) ticket, and to match the signature of the candidate that is on the hall-ticket with the one that the candidate signs on the attendance sheet. While there are several drawbacks of the photograph verification (old photos, smudged prints, etc.), this photo verification process by the invigilator is not recorded anywhere at all and hence the signature becomes the sole artifact of authentication once the examination is conducted.

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