Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
6 minutes ago
- Indian Express
Chinese school under fire after piling Rs 1.21 crore cash on stage as reward for top university admit
A private school in China has come under fire after offering a one million yuan (Rs 1.21 crore) cash reward to a graduate admitted to the prestigious Tsinghua University. In early August, Dajiang International School in Guigang, a small city in the Guangxi Zhuang autonomous region, held its graduation ceremony for the Class of 2025. At the event, several students who secured spots at top universities received large cash prizes from their alma mater, South China Morning Post reported. Other students were also rewarded: one admitted to Zhejiang University and another to Hong Kong University each received 150,000 yuan (Rs 18.18 lakh), while a graduate heading to Huazhong Agricultural University in Hubei province was granted 10,000 yuan (Rs 1.21 lakh). Viral videos of the ceremony fueled heated debate online. A school employee told local media that the cash awards vary depending on the university's rank and are adjusted annually. In 2022, Dajiang awarded half a million yuan to students entering either Peking University or Tsinghua. Average-level university admits typically receive around 3,000 yuan (Rs 36,000). But the policy soon drew official scrutiny. On August 12, the Guigang Municipal Education Bureau confirmed to Jiupai News that it had ordered the school to halt the practice. 'The state discourages schools from publicizing gaokao scores in this way,' said an unnamed official. The incident highlights how highly Chinese schools value admissions into Tsinghua and Peking University—ranked 17th and 14th respectively in the 2026 QS World University Rankings—and use them as benchmarks of academic success. In some schools, teachers themselves receive cash bonuses if their students are admitted to these elite institutions. In July, a separate high school in Jiangxi province stirred controversy after a teacher scolded three students online for not applying to Tsinghua or Peking despite qualifying scores. The students chose lower-ranked universities offering majors with better career prospects instead. Education experts argue that schools' fixation on elite university admissions—and the financial incentives tied to them—distorts priorities. Xiong Bingqi, a Shanghai-based scholar, wrote in the Beijing News that Dajiang's award scheme was nothing more than 'a marketing initiative to promote itself and attract more elite students.' 'Schools should not use high awards to instil the utilitarian perception that studying leads directly to financial returns,' Xiong warned, SCMP reported. 'They should care about the long-term development of each individual student and guide them to shape their own life plans.'
Economic Times
8 minutes ago
- Economic Times
Is Target in trouble? TGT stock falls after CEO Brian Cornell steps down amid sales struggles, COO Michael Fiddelke takes charge
TGT stock: Target's CEO Brian Cornell will resign on February 1st amidst declining sales and operational challenges. COO Michael Fiddelke will succeed him, focusing on merchandising, store experience, and technology investments to revitalize the retailer. Target reported a 21% drop in net income, with shares plummeting, reflecting concerns over store traffic and customer loyalty. Tired of too many ads? Remove Ads Target COO Michael Fiddelke Tapped as New CEO Michael Fiddelke Plans Rapid Changes to Revive Target's Retail Edge Tired of too many ads? Remove Ads Target's Weak Quarterly Results Spark Market Reaction Store Traffic and Customer Loyalty on the Decline Target Reiterates Lowered Full-Year Forecast FAQs Tired of too many ads? Remove Ads l will be stepping down from his position on February 1 next year as the Minneapolis-based chain struggles with low sales, messy and understocked stores, and eroding customer loyalty in a post-pandemic marketplace, as per a 66-year-old Cornell will be replaced by, a 20-year company veteran who has helped drive some of Target's most significant operational decisions, including overhauling its supply chain and building out digital services while cutting costs, as per an AP firm had announced in May that Fiddelke would lead a new office focused on faster decision-making to help accelerate sales growth, as reported by AP. Meanwhile, Brian will transition to the role of executive chair of the Board of Directors, as per Target's READ: Billionaire Taylor Swift offered jaw-dropping Vegas residency — bigger than Celine Dion or Elvis, report claims Fiddelke said that he will be stepping into the role with urgency, with three priorities, which include reclaiming the company's merchandising authority, improving the shopping experience by making sure shelves are consistently stocked and stores are clean, and investing in technology at the company's stores and in its supply network, as reported by said, 'When we're leading with swagger in our merchandising authority, when we have swagger in our marketing, and we're setting the trend for retail, those are some of the moments I think that Target has been at its highest in my 20 years,' as quoted in the READ: Morgan Stanley: AI boom could add $16 trillion to markets, but workers may pay the price as 90% jobs may be impacted Target also reported another quarter of sluggish results on Wednesday, with a 21% decline in net income in the quarter ended August 2, according to the AP report. Even the firm's sales were down, with a 1.9% dip in comparable sales from established physical stores and online channels, as per the shares of Target have fallen about 60% from its all-time high in late 2021, as per the report. While Target stocks fell about 10% in premarket trading following the results and CEO announcement, reported READ: Apple just dropped 2 free iPhone apps with iOS 26, and users can't stop talking about them According to CNBC, Target's yearly sales have been almost stagnant for the past four years, and its inconsistent performance has tested the loyalty of shoppers and also shaken the confidence of Wall Street. Analytics firm found that the store traffic at the retailer has dropped nearly every week since late January, as reported by retailer also reiterated its full-year forecast, which it had cut in May, as per the report. Target also said that it expects a low single-digit percentage decline in sales and adjusted earnings per share, excluding gains from litigation settlements, to be about $7 to $9, as reported by is stepping down amid falling sales, operational issues, and waning customer loyalty. He's transitioning to the role of executive COO Michael Fiddelke will step in as CEO on February 1, 2026.
Time of India
24 minutes ago
- Time of India
Is Target in trouble? TGT stock falls after CEO Brian Cornell steps down amid sales struggles, COO Michael Fiddelke takes charge
TGT stock : Target's CEO Brian Cornel l will be stepping down from his position on February 1 next year as the Minneapolis-based chain struggles with low sales, messy and understocked stores, and eroding customer loyalty in a post-pandemic marketplace, as per a report. Target COO Michael Fiddelke Tapped as New CEO The 66-year-old Cornell will be replaced by Chief Operating Officer Michael Fiddelke , a 20-year company veteran who has helped drive some of Target's most significant operational decisions, including overhauling its supply chain and building out digital services while cutting costs, as per an AP report. The firm had announced in May that Fiddelke would lead a new office focused on faster decision-making to help accelerate sales growth, as reported by AP. Meanwhile, Brian will transition to the role of executive chair of the Board of Directors, as per Target's website. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo ALSO READ: Billionaire Taylor Swift offered jaw-dropping Vegas residency — bigger than Celine Dion or Elvis, report claims Michael Fiddelke Plans Rapid Changes to Revive Target's Retail Edge Fiddelke said that he will be stepping into the role with urgency, with three priorities, which include reclaiming the company's merchandising authority, improving the shopping experience by making sure shelves are consistently stocked and stores are clean, and investing in technology at the company's stores and in its supply network, as reported by AP. Live Events He said, 'When we're leading with swagger in our merchandising authority, when we have swagger in our marketing, and we're setting the trend for retail, those are some of the moments I think that Target has been at its highest in my 20 years,' as quoted in the report. ASLO READ: Morgan Stanley: AI boom could add $16 trillion to markets, but workers may pay the price as 90% jobs may be impacted Target's Weak Quarterly Results Spark Market Reaction Target also reported another quarter of sluggish results on Wednesday, with a 21% decline in net income in the quarter ended August 2, according to the AP report. Even the firm's sales were down, with a 1.9% dip in comparable sales from established physical stores and online channels, as per the report. The shares of Target have fallen about 60% from its all-time high in late 2021, as per the report. While Target stocks fell about 10% in premarket trading following the results and CEO announcement, reported CNBC. ALSO READ: Apple just dropped 2 free iPhone apps with iOS 26, and users can't stop talking about them Store Traffic and Customer Loyalty on the Decline According to CNBC, Target's yearly sales have been almost stagnant for the past four years, and its inconsistent performance has tested the loyalty of shoppers and also shaken the confidence of Wall Street. Analytics firm found that the store traffic at the retailer has dropped nearly every week since late January, as reported by CNBC. Target Reiterates Lowered Full-Year Forecast The retailer also reiterated its full-year forecast, which it had cut in May, as per the report. Target also said that it expects a low single-digit percentage decline in sales and adjusted earnings per share, excluding gains from litigation settlements, to be about $7 to $9, as reported by CNBC. FAQs Why is Brian Cornell stepping down now? Cornell is stepping down amid falling sales, operational issues, and waning customer loyalty. He's transitioning to the role of executive chair. Who is replacing Brian Cornell? Target's COO Michael Fiddelke will step in as CEO on February 1, 2026.
