Latest news with #BBI
Hindustan Times
3 days ago
- Business
- Hindustan Times
Second merit list brings relief for mid-range scorers, but high cut-offs persist in top colleges
Mumbai: The second general merit list for undergraduate admissions released on Saturday by colleges affiliated with the University of Mumbai has brought a measure of relief to students scoring between 80% and 90%, many of whom were left anxious after the unusually high cut-offs in the first list. While several prominent colleges have eased their cut-offs slightly—particularly in the science stream—some institutions continue to hold the bar high. At Ruia College, for instance, the cut-off for BSc Computer Science has dropped from 80.17% in the first list to 76% in the second. Similarly, Podar College saw a nearly seven-percentage-point dip in the BSc Data Science cut-off. The first merit list had sparked concern among students and parents alike, with average scorers struggling to find seats in preferred courses. However, the latest list has provided a breather—especially in science—though commerce and professional courses continue to reflect intense competition. Career-oriented programmes like Bachelor in Accounting and Finance (BAF), Bachelor in Banking and Insurance (BBI), and Bachelor in Mass Media (BMM) have seen a sharp increase in demand, with cut-offs in some colleges rising by 15% to 20% compared to last year. 'These cut-off trends indicate a strong shift in student preferences towards specialised, career-driven courses in fields like digital media and accounting,' said Minu Madlani, academic advisor at KPB Hinduja College of Commerce. 'It mirrors the growing demand for skilled professionals in emerging sectors such as fintech, financial consulting, and content marketing.' A principal from a South Mumbai college noted that while the second list has brought some relief in commerce and professional streams, competition remains stiff. 'The cut-offs are marginally lower, but the trend is consistent. We expect the third merit list to offer more flexibility for students still in the fray,' she said. She also observed a changing mindset among students. 'Today's aspirants are more open to exploring diverse academic paths. The focus is no longer limited to a few 'prestige' courses. There's greater awareness and interest in a broader spectrum of disciplines.'
India.com
26-05-2025
- Business
- India.com
Who is this billionaire who gifted Rs 600000000000? is he richer than Mukesh Ambani, Gautam Adani? name is…
Sergey Brin, co-founder of Google has donated around 4.1 million shares of Alphabet of $700 million (about Rs 6,000 crore). The name of the person or entity who received this 'gift' is not yet undisclosed. Sergey Brin's net worth is around $144 billion according to the Bloomberg Billionaire Index (BBI). He is richer than Mukesh Ambani and Gautam Adani. Mukesh Ambani has a net worth of $103 billion and Gautam Adani's wealth is around $81.3 billion. Sergey Brin donated Alphabet shares of $700 million. The 4.1 million shares were equally divided between Class A and Class C stock. Some of the media reports claim that the recipient could be a charity, trust, or financial entity. In 2023 he had donated $600 million worth of shares. Apart from this he had also donated shares of over $100 million in May 2024 and November 2024. He works to create awareness related to Parkinson's disease research and supports various climate and health-focused non-profits. Google's Next Plan Google on Tuesday sent another wave of artificial intelligence technology to accelerate a year-long makeover of its search engine that is changing the way people get information and curtailing the flow of internet traffic to websites. The next phase outlined at Google's annual developers conference includes releasing a new 'AI mode' option in the United States. The feature makes interacting with Google's search engine more like having a conversation with an expert capable of answering questions on just about any topic imaginable. AI mode is being offered to all comers in the US just two-and-half-months after the company began testing with a limited Labs division audience. Google is also feeding its latest AI model Gemini 2.5, into its search algorithms and will soon begin testing other AI features, such as the ability to automatically buy tickets to concerts and conduct searches through live video feeds.
India.com
22-05-2025
- Business
- India.com
Meet man who has given Rs 600000000000 in gift, is he richer than Mukesh Ambani, Gautam Adani? Name is…, his net worth is…
(File) In a significant development that has take the world by surprise, tech billionaire and Google co-founder Sergey Brin has donated nearly 4.1 million Alphabet shares worth $700 million. According to regulatory filings cited by Bloomberg, Sergey Brin has donated the huge amount but the recipient of the gift remains unknown. Here all the details you need to know about Sergey Brin and his recent donation. According to according to the Bloomberg Billionaire Index (BBI), Brin has a net worth of over $140 billion and he is among the world's top 10 richest individuals. As mentioned earlier, the Google co-founder has donated donated shares $ 700 million (about Rs 6,000 crore) to a recipient who is still unknown. Who is Sergey Brin? As per the official site of Google, Sergey Brin is a native of Moscow. Brin received his bachelor of science degree in mathematics and computer science from the University of Maryland at College Park. The website also mentions that Brin is currently on leave from the Ph.D. program in computer science at Stanford University, where he received his master's degree. Net worth of Sergey Brin As per Forbes, the net worth of Sergey Brin is estimated to be $136.8 billion. On the other hand, the net worth of Mukesh Ambani is only $ 106.3 billion. Also, Gautam Adani's net worth is $ 65.2 billion. Gemini AI app crosses 400 million monthly active users: Sundar Pichai In another update on Google, the Gemini app crossed over 400 million monthly active users and we are seeing strong growth and engagement particularly with the 2.5 series of AI models, Sundar Pichai, CEO of Google and Alphabet, has said. Over seven million developers are building with Gemini, five times more than this time last year, and Gemini usage on Vertex AI is up 40 times, said Pichai during the 'Google I/O 2025' conference in the US. 'For those using 2.5 Pro in the Gemini app, usage has gone up 45 per cent,' he informed. This time last year, 'we were processing 9.7 trillion tokens a month across our products and APIs. Now, we're processing over 480 trillion — that's 50 times more', Pichai added. (With inputs from agencies)
Mint
22-05-2025
- Business
- Mint
Google co-founder Sergey Brin has given 4.1 million Alphabet shares worth $700 million as a gift
Tech billionaire and among the richest people in the world, Sergey Brin has gifted away nearly 4.1 million Alphabet shares worth $700 million, regulatory filings showed, Bloomberg reported. The recipient of the gift was not yet clear, it added. Sergey Brin, who is a co-founder of tech giant Google, is worth more than $140 billion, according to the Bloomberg Billionaire Index (BBI). He is among the top 10 richest people in the world. A spokesperson for Sergey Brin's family office did not reply to queries till time of publication, as per the report. The report said that the regulatory filing did not show who got the close to 4.1 million share gift, but were evenly split between newly converted Class A and Class C stocks. It speculated that the reciepient may be a charity, trust, or financial vehicle. Notably, Sergey Brin is known to give away shares for causes close to his heart. In 2023, after Google debuted its artificial intelligence (AI) search, he gave away $600 million worth of shares. Further, as per disclosures, he also gifted shares worth over $100 million in May 2024 and November 2024, the report added. Besides these, Sergey Brin is a known supporter of Parkinson's disease research, and runs a climate and health-focused nonprofit that has funded startups working on a range of areas, including psychedelics and a $155 billion energy project in Copenhagen, Denmark. Notably, shares of Alphabet shares rose 5.6 per cent on May 21 following the announcement that Google is implementing new AI updates to Search. The product announcement was made at the company's annual developer conference on May 20. Google said it would roll out a new tab called 'AI mode' in search to all users in the United States. The tab will also include options for direct interactions with AI models, similar to OpenAI's ChatGPT. Class A shares are usually given to founders and management and come with more voting rights, according to Investopedia. These may also not be available to the general public. Class B shares are 'common" or 'ordinary" shares listed on stock exchanges with no preferential treatment on dividing profits or dividends, according to SoFi Learn. And Class C shares, may be those given to employees as part of their compensation package. These may have specific restrictions, on trading and voting rights. Notably, Alphabet's Class A and Class C shares tend to trade at similar prices, it added. According to the BBI, Sergey Brin and co-founder Larry Page, saw their fortunes rise by a combined $7 billion on May 21, and are now the 10th (worth $144.3 billion) and ninth richest ($153.2 billion) people in the world. Sergey Brin's fortune is largely made up of a combination of Class B and Class C shares of Alphabet, which became Google's parent company nearly 10 years back. He has over $11 billion stock from Google's initial public offering in 2004, according to data compiled by Bloomberg. (With inputs from Bloomberg)
Business Upturn
24-04-2025
- Health
- Business Upturn
CareSource collaborates with Creating Healthier Communities to improve maternal health outcomes in Georgia
ATLANTA, April 24, 2025 (GLOBE NEWSWIRE) — CareSource, a nationally recognized nonprofit managed care organization serving more than 430,000 Georgians, has awarded CHC: Creating Healthier Communities (CHC) with a $100,000 grant to support the expansion of the Black Birthing Initiative (BBI) in Georgia. This collaboration aims to address maternal health gaps for Black moms and decrease preterm births in the state by providing holistic, non-clinical support services such as access to food and housing, doula care and perinatal education. 'Every woman deserves an opportunity to safe and healthy childbirth, yet we know that Black women in Georgia face a maternal health crisis that deeply impacts their families and communities,' shared Dr. Nguyen, market chief medical officer at CareSource Georgia. 'By investing in and collaborating with dedicated providers and community partners like Creating Healthier Communities, we can create meaningful change. Together, we are committed to uplifting the health and well-being of mothers and their babies, ensuring that every family has the support they need to thrive.' Georgia faces one of the highest maternal mortality rates in the nation, with Black women being twice as likely to die from pregnancy-related complications compared to white women. However, more than 80% of pregnancy-related deaths are preventable with improved access to quality care and timely interventions. Providing expectant mothers with essential resources and innovative support models has been shown to reduce complications and enhance birth experiences, especially in underserved communities. This collaboration between CareSource and CHC integrates access to clinical care and social resources to drive better maternal health outcomes. The CareSource grant will help expand access to doula services, providing Black moms with emotional, physical and informational support throughout pregnancy, labor and postpartum. This funding will also support doula training, enhancing the workforce to meet the growing demand for these services. 'We are grateful for CareSource's support, which enables us to expand our reach and strengthen our efforts to combat maternal health disparities in Georgia,' said Valerie Rochester, Chief Health Equity & Impact Officer at CHC. 'Supporting Black mothers with comprehensive, quality care is key to ensuring healthier moms, stronger babies and thriving communities.' Healthy Mothers, Healthy Babies Coalition of Georgia, a key partner in the BBI, emphasizes the importance of support in improving maternal health. 'Culturally competent care during the prenatal and postpartum period is essential, not just for improving health outcomes, but for ensuring birthing people feel heard, supported and empowered,' said Kimberly Seals, Executive Director of Healthy Mothers, Healthy Babies. 'Expanding access to perinatal support professionals, such as doulas, strengthens the entire care continuum by providing advocacy, emotional and physical support, and guidance that complements medical care. This approach not only improves birth experiences but also fosters trust in the health care system, particularly for communities that have historically faced disparities in maternal care.' Since its launch in January 2022, BBI has achieved significant outcomes including: 91% of BBI participants birthed full term 77.5% no longer struggle with food insecurity 84.2% received housing support 90.2% report reduced stress due to the program The initiative is projected to sustain at least an 80% full-term birth rate of those enrolled in the program. About CareSource Georgia CareSource is a nonprofit, managed care organization making health care accessible to 430,000 Georgians. The organization offers comprehensive health insurance plans including Medicaid, Health Insurance Marketplace and Medicare to improve its members' health and well-being. As a mission-driven organization, CareSource is transforming health care with innovative programs that address social determinants of health, health equity, prevention and access to care. For more, visit us at , or follow us on X, formerly known as Twitter, LinkedIn or Facebook. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
