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What's driving the online 'upskilling' movement in India?


What’s driving the online ‘upskilling’ movement in India?
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Industry leaders from upGrad, Great Learning, Simplilearn and Udemy pitch in with their experience of driving and nurturing the trend.
In the previous edition of the CMO Week, we explored the sub-segment of edtech that catered to kids. But like kids, adults too are locked inside their homes now. They had more time since they were working from home and also saving more due to the lack of outdoor spending avenues.
On the other hand, the COVID-induced lockdowns also bumped up the demand for all things digital which, in turn, created a pull for skillsets in the domains of digital marketing, app development, data, among many others. ....

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UAE, Egypt upgraded bilateral ties to advanced levels


UAE, Egypt upgraded bilateral ties to advanced levels
April 27, 2021
Over the last decade, the United Arab Emirates and Egypt have upgraded their bilateral ties to advanced levels, which helped strengthen their presence as key political, economic and military players in the region. WAM photo
ABU DHABI Over the last decade, the United Arab Emirates and Egypt have upgraded their bilateral ties to advanced levels, which helped strengthen their presence as key political, economic and military players in the region.
In recent years, both countries have demonstrated that they share the same strategic principles, underscoring their understanding and convergence towards various issues, which ensured their rapid response to the challenges facing the region. ....

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Sheikh Hasina seeks developed world's enhanced role for quick recovery from pandemic


Sheikh Hasina seeks developed world s enhanced role for quick recovery from pandemic
Dhaka, Apr 26 (UNI) Bangladesh Prime Minister Sheikh Hasina on Monday sought the developed world and the development partners’ enhanced role in attaining quick recovery from the Covid-19 pandemic as she placed a four-point proposal at the 77th Session of the UN-ESCAP, according to a PMO release.
While delivering her recorded statement aired in the 77th annual UN-ESCAP session, the premier simultaneously called for inclusive development approach, efficient policies and strategies on universal public health system from the Asia-Pacific region.
The three-day 77th session of the Economic and Social Commission for Asia and the Pacific (ESCAP) began virtually today under the theme - “Building back better from crises through regional cooperation in Asia and the Pacific.” ....

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With Temasek's $120 Million, Ronnie Screwvala Shapes Next India Unicorn


Ronnie Screwvala set up UpGrad six years ago with co-founders Mayank Kumar and Phalgun Kompalli
Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired by Walt Disney Co. At 64, the entrepreneur s latest venture UpGrad is speeding toward a landmark $1 billion valuation. The higher education and upskilling startup raised $120 million from Singapore-based investor Temasek Holdings Pte, according to its co-founder. That s the first time UpGrad which had been funded entirely by Screwvala and its founding team since it was established in 2015 is getting an external investor.
We are not quite a unicorn, but we ll get there soon, the entrepreneur said in an interview via Zoom video call. ....

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upgrad funding: UpGrad raises $120 million from Temasek at $575-675 million valuation


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Screwvala declined to comment on the details during an interaction with ET. “We are not a unicorn yet. But we are not too far behind,” he said.
Screwvala, who founded UTV Motion Pictures in the 1990s which was later acquired by Walt Disney Company, has so far ploughed about $25 million of his own capital in upGrad since it was founded.
Apart from Screwvala, upGrad’s founding team includes Mayank Kumar and Phalgun Kompalli.
The online education segment, both K-12 and higher education, has seen a large rush of risk capital following the Covid-19 epidemic. ....

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