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Yahoo
6 hours ago
- Business
- Yahoo
Interactive Brokers Group Announces 2Q2025 Results
GAAP Diluted EPS of $0.51, Adjusted1 EPS of $0.51 GAAP Net Revenues of $1,480 Million, Adjusted Net Revenues of $1,480 Million GREENWICH, Conn., July 17, 2025--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended June 30, 2025. Reported and adjusted diluted earnings per share were both $0.51 for the current quarter. For the year-ago quarter, reported diluted earnings per share2 were $0.41 and $0.44 as adjusted. Reported and adjusted net revenues were both $1,480 million for the current quarter. For the year-ago quarter, reported net revenues were $1,230 million and $1,290 million as adjusted. Reported and adjusted income before income taxes were both $1,104 million for the current quarter. For the year-ago quarter, reported income before income taxes was $880 million and $940 million as adjusted. Financial Highlights (All comparisons are to the year-ago quarter.) Commission revenue increased 27% to 516 million on higher customer trading volumes. Customer trading volume in stocks, options and futures increased 31%, 24% and 18%, respectively. Net interest income increased 9% to $860 million on higher average customer credit balances and securities lending activity. Net interest income includes an approximately $26 million one-time credit related to recovery of taxes withheld at source. Other fees and services decreased 9% to $62 million, led by a decrease of $7 million in risk exposure fees, which was partially offset by a $2 million increase in FDIC sweep fees. Execution, clearing and distribution fees increased 1% to $116 million, driven by a new FINRA Consolidated Audit Trail ("CAT") fee initiated during the fourth quarter of 2024 and higher customer trading volumes in stocks, options and futures, mostly offset by greater capture of liquidity rebates from certain exchanges. General and administrative expenses increased 17% to $61 million, driven primarily by an increase of $8 million in advertising expenses. Pretax profit margin for the current quarter was 75% both as reported and as adjusted. For the year-ago quarter, pretax margin was 72% as reported and 73% as adjusted. Total equity of $18.5 billion. The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.08 per share. This dividend is payable on September 12, 2025, to shareholders of record as of September 1, 2025. Business Highlights (All comparisons are to the year-ago quarter.) Customer accounts increased 32% to 3.87 million. Customer equity increased 34% to $664.6 billion. Total DARTs3 increased 49% to 3.55 million. Customer credits increased 34% to $143.7 billion. Customer margin loans increased 18% to $65.1 billion. Other Items Other income increased $78 million to a gain of $42 million. This gain mainly comprised (1) the non-recurrence of a loss of approximately $48 million on positions taken over as a customer accommodation due to a technical issue at the New York Stock Exchange that occurred on the morning of June 3, 2024; (2) $17 million related to our principal trading and investing activities; and (3) $15 million related to our currency diversification strategy. In connection with our currency diversification strategy, we base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. In this quarter, our currency diversification strategy increased our comprehensive earnings by $301 million, as the U.S. dollar value of the GLOBAL increased by approximately 1.62%. The effects of the currency diversification strategy are reported as components of (1) Other Income (loss of $5 million) and (2) Other Comprehensive Income (gain of $306 million). Conference Call Information: Interactive Brokers Group, Inc. will hold a conference call with investors today, July 17, 2025, at 4:30 p.m. ET to discuss its quarterly results. Members of the public who would like to listen to the conference call should register at to obtain the dial-in details. The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 160 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, and many others. Cautionary Note Regarding Forward-Looking Statements: The foregoing information contains certain forward-looking statements that reflect the Company's current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the Company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company's financial results may be found in the Company's filings with the Securities and Exchange Commission. _______________________________________________ 1 See the reconciliation of non-GAAP financial measures starting on page 10.2 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025.3 Daily average revenue trades (DARTs) are based on customer orders. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in millions, except share and per share data) Revenues: Commissions $ 516 $ 406 $ 1,030 $ 785 Other fees and services 62 68 140 127 Other income (loss) 42 (36 ) 107 (18 ) Total non-interest income 620 438 1,277 894 Interest income 1,891 1,828 3,609 3,588 Interest expense (1,031 ) (1,036 ) (1,979 ) (2,049 ) Total net interest income 860 792 1,630 1,539 Total net revenues 1,480 1,230 2,907 2,433 Non-interest expenses: Execution, clearing and distribution fees 116 115 237 216 Employee compensation and benefits 163 146 317 291 Occupancy, depreciation and amortization 24 25 48 51 Communications 11 10 21 20 General and administrative 61 52 123 102 Customer bad debt 1 2 2 7 Total non-interest expenses 376 350 748 687 Income before income taxes 1,104 880 2,159 1,746 Income tax expense 98 71 189 142 Net income 1,006 809 1,970 1,604 Net income attributable to noncontrolling interests 782 630 1,533 1,250 Net income available for common stockholders $ 224 $ 179 $ 437 $ 354 Earnings per share1: Basic $ 0.51 $ 0.42 $ 1.00 $ 0.82 Diluted $ 0.51 $ 0.41 $ 0.99 $ 0.82 Weighted average common shares outstanding1: Basic 438,457,863 430,876,080 437,083,330 429,579,700 Diluted 441,439,924 434,507,344 440,459,081 433,552,552 _______________________________________________ 1 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in millions, except share and per share data) Comprehensive income: Net income available for common stockholders $ 224 $ 179 $ 437 $ 354 Other comprehensive income: Cumulative translation adjustment, before income taxes 79 (2 ) 107 (28 ) Income taxes related to items of other comprehensive income - - - - Other comprehensive income (loss), net of tax 79 (2 ) 107 (28 ) Comprehensive income available for common stockholders $ 303 $ 177 $ 544 $ 326 Comprehensive earnings per share1: Basic $ 0.69 $ 0.41 $ 1.24 $ 0.76 Diluted $ 0.69 $ 0.41 $ 1.23 $ 0.75 Weighted average common shares outstanding1: Basic 438,457,863 430,876,080 437,083,330 429,579,700 Diluted 441,439,924 434,507,344 440,459,081 433,552,552 Comprehensive income attributable to noncontrolling interests: Net income attributable to noncontrolling interests $ 782 $ 630 $ 1,533 $ 1,250 Other comprehensive income - cumulative translation adjustment 227 (8 ) 306 (84 ) Comprehensive income attributable to noncontrolling interests $ 1,009 $ 622 $ 1,839 $ 1,166 _______________________________________________ 1 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) June 30,2025 December 31,2024 (in millions) Assets Cash and cash equivalents $ 4,688 $ 3,633 Cash - segregated for regulatory purposes 45,057 36,600 Securities - segregated for regulatory purposes 36,972 27,846 Securities borrowed 10,145 5,369 Securities purchased under agreements to resell 9,529 6,575 Financial instruments owned, at fair value 3,856 1,924 Receivables from customers, net of allowance for credit losses 65,346 64,432 Receivables from brokers, dealers and clearing organizations 4,074 2,196 Other assets 1,808 1,567 Total assets $ 181,475 $ 150,142 Liabilities and equity Liabilities Short-term borrowings $ 8 $ 14 Securities loaned 21,229 16,248 Financial instruments sold but not yet purchased, at fair value 494 293 Other payables: Customers 138,417 115,343 Brokers, dealers and clearing organizations 1,682 476 Other payables 1,127 1,171 141,226 116,990 Total liabilities 162,957 133,545 Equity Stockholders' equity 4,825 4,280 Noncontrolling interests 13,693 12,317 Total equity 18,518 16,597 Total liabilities and equity $ 181,475 $ 150,142 June 30, 2025 December 31, 20241 Ownership of IBG LLC Membership Interests Interests % Interests % IBG, Inc. 441,569,584 26.0 % 435,726,456 25.8 % Noncontrolling interests (IBG Holdings LLC) 1,254,573,416 74.0 % 1,254,573,416 74.2 % Total IBG LLC membership interests 1,696,143,000 100.0 % 1,690,299,872 100.0 % _______________________________________________ 1 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES OPERATING DATA EXECUTED ORDER VOLUMES: (in 000's, except %) Customer % Principal % Total % Period Orders Change Orders Change Orders Change 2022 532,064 26,966 559,030 2023 483,015 (9 %) 29,712 10 % 512,727 (8 %) 2024 661,666 37 % 63,348 113 % 725,014 41 % 2Q2024 150,292 13,215 163,507 2Q2025 220,215 47 % 28,372 115 % 248,587 52 % 1Q2025 211,148 28,393 239,541 2Q2025 220,215 4 % 28,372 (0 %) 248,587 4 % CONTRACT AND SHARE VOLUMES: (in 000's, except %) TOTAL Options % Futures1 % Stocks % Period (contracts) Change (contracts) Change (shares) Change 2022 908,415 207,138 330,035,586 2023 1,020,736 12 % 209,034 1 % 252,742,847 (23 %) 2024 1,344,855 32 % 218,327 4 % 307,489,711 22 % 2Q2024 321,141 55,171 73,734,105 2Q2025 393,051 22 % 64,271 16 % 96,450,620 31 % 1Q2025 383,998 61,869 93,934,241 2Q2025 393,051 2 % 64,271 4 % 96,450,620 3 % CUSTOMER Options % Futures1 % Stocks % Period (contracts) Change (contracts) Change (shares) Change 2022 873,914 203,933 325,368,714 2023 981,172 12 % 206,073 1 % 248,588,960 (24 %) 2024 1,290,770 32 % 214,864 4 % 302,040,873 22 % 2Q2024 308,298 54,106 72,480,534 2Q2025 382,195 24 % 63,918 18 % 95,276,485 31 % 1Q2025 369,931 61,381 92,763,867 2Q2025 382,195 3 % 63,918 4 % 95,276,485 3 % PRINCIPAL Options % Futures1 % Stocks % Period (contracts) Change (contracts) Change (shares) Change 2022 34,501 3,205 4,666,872 2023 39,564 15 % 2,961 (8 %) 4,153,887 (11 %) 2024 54,085 37 % 3,463 17 % 5,448,838 31 % 2Q2024 12,843 1,065 1,253,571 2Q2025 10,856 (15 %) 353 (67 %) 1,174,135 (6 %) 1Q2025 14,067 488 1,170,374 2Q2025 10,856 (23 %) 353 (28 %) 1,174,135 0 % _______________________________________________ 1 Includes options on futures INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES OPERATING DATA, CONTINUED CUSTOMER STATISTICS Year over Year 2Q2025 2Q2024 % Change Total Accounts (in thousands) 3,866 2,924 32 % Customer Equity (in billions)1 $ 664.6 $ 497.2 34 % Total Customer DARTs (in thousands) 3,552 2,386 49 % Cleared Customers Commission per Cleared Commissionable Order2 $ 2.65 $ 3.01 (12 %) Cleared Avg. DARTs per Account (Annualized) 206 187 10 % Consecutive Quarters 2Q2025 1Q2025 % Change Total Accounts (in thousands) 3,866 3,616 7 % Customer Equity (in billions)1 $ 664.6 $ 573.5 16 % Total Customer DARTs (in thousands) 3,552 3,519 1 % Cleared Customers Commission per Cleared Commissionable Order2 $ 2.65 $ 2.76 (4 %) Cleared Avg. DARTs per Account (Annualized) 206 220 (6 %) _______________________________________________ (1) Excludes non-Customers. (2) Commissionable Order - a customer order that generates commissions. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES NET INTEREST MARGIN (UNAUDITED) Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in millions) Average interest-earning assets Segregated cash and securities $ 78,693 $ 60,057 $ 72,869 $ 60,595 Customer margin loans 60,928 52,422 62,646 49,538 Securities borrowed 7,027 5,898 5,949 5,633 Other interest-earning assets 14,747 11,218 13,601 10,585 FDIC sweeps1 5,226 4,023 5,006 3,942 $ 166,621 $ 133,618 $ 160,071 $ 130,293 Average interest-bearing liabilities Customer credit balances $ 129,998 $ 102,709 $ 124,010 $ 101,110 Securities loaned 17,181 13,688 16,659 12,711 Other interest-bearing liabilities 50 1 58 1 $ 147,229 $ 116,398 $ 140,727 $ 113,821 Net interest income Segregated cash and securities, net2 $ 756 $ 740 $ 1,419 $ 1,504 Customer margin loans3 709 755 1,484 1,433 Securities borrowed and loaned, net 60 25 70 51 Customer credit balances, net3 (857 ) (894 ) (1,674 ) (1,775 ) Other net interest income1/4 193 179 356 354 Net interest income4 $ 861 $ 805 $ 1,655 $ 1,567 Net interest margin ("NIM") 2.07 % 2.42 % 2.09 % 2.42 % Annualized yields Segregated cash and securities 3.86 % 4.96 % 3.93 % 4.99 % Customer margin loans 4.67 % 5.79 % 4.78 % 5.82 % Customer credit balances 2.64 % 3.50 % 2.72 % 3.53 % _______________________________________________ 1 Represents the average amount of customer cash swept into FDIC-insured banks as part of our Insured Bank Deposit Sweep Program. This item is not recorded in the Company's consolidated statements of financial condition. Income derived from program deposits is reported in other net interest income in the table above. 2 Net interest income on "Segregated cash and securities, net" for the three and six months ended June 30, 2025, excludes approximately $26 million of interest income, recorded in the consolidated statements of comprehensive income, related to taxes withheld at source in prior periods, which during the current quarter were determined to be fully refundable. 3 Interest income and interest expense on customer margin loans and customer credit balances, respectively, are calculated on daily cash balances within each customer's account on a net basis, which may result in an offset of balances across multiple account segments (e.g., between securities and commodities segments). 4 Includes income from financial instruments that has the same characteristics as interest, but is reported in other fees and services and other income in the Company's consolidated statements of comprehensive income. For the three and six months ended June 30, 2025 and 2024, $9 million, $17 million, $7 million, and $13 million were reported in other fees and services, respectively. For the three and six months ended June 30, 2025 and 2024, $18 million, $34 million, $6 million, and $15 million were reported in other income, respectively. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in millions) Adjusted net revenues1 Net revenues - GAAP $ 1,480 $ 1,230 $ 2,907 $ 2,433 Non-GAAP adjustments Currency diversification strategy, net 5 20 (15 ) 22 Mark-to-market on investments2 (5 ) 40 (16 ) 51 Total non-GAAP adjustments - 60 (31 ) 73 Adjusted net revenues $ 1,480 $ 1,290 $ 2,876 $ 2,506 Adjusted income before income taxes1 Income before income taxes - GAAP $ 1,104 $ 880 $ 2,159 $ 1,746 Non-GAAP adjustments Currency diversification strategy, net 5 20 (15 ) 22 Mark-to-market on investments2 (5 ) 40 (16 ) 51 Total non-GAAP adjustments - 60 (31 ) 73 Adjusted income before income taxes $ 1,104 $ 940 $ 2,128 $ 1,819 Adjusted pre-tax profit margin 75 % 73 % 74 % 73 % Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in millions) Adjusted net income available for common stockholders1 Net income available for common stockholders - GAAP $ 224 $ 179 $ 437 $ 354 Non-GAAP adjustments Currency diversification strategy, net 1 5 (4 ) 5 Mark-to-market on investments2 (1 ) 10 (4 ) 13 Income tax effect of above adjustments3 0 (3 ) 2 (4 ) Total non-GAAP adjustments (0 ) 12 (6 ) 14 Adjusted net income available for common stockholders $ 224 $ 191 $ 431 $ 368 Note: Amounts may not add due to rounding. Three Months Six Months Ended June 30, Ended June 30, 2025 2024 2025 2024 (in dollars) Adjusted diluted EPS1/4 Diluted EPS - GAAP $ 0.51 $ 0.41 $ 0.99 $ 0.82 Non-GAAP adjustments Currency diversification strategy, net 0.00 0.01 (0.01 ) 0.01 Mark-to-market on investments2 (0.00 ) 0.02 (0.01 ) 0.03 Income tax effect of above adjustments3 0.00 (0.01 ) 0.01 (0.01 ) Total non-GAAP adjustments (0.00 ) 0.03 (0.01 ) 0.03 Adjusted diluted EPS $ 0.51 $ 0.44 $ 0.98 $ 0.85 Diluted weighted average common shares outstanding 441,439,924 434,507,344 440,459,081 433,552,552 Note: Amounts may not add due to rounding. Note: The term "GAAP" in the following explanation refers to generally accepted accounting principles in the United States. 1 Adjusted net revenues, adjusted income before income taxes, adjusted net income available for common stockholders and adjusted diluted earnings per share ("EPS") are non-GAAP financial measures. We define adjusted net revenues as net revenues adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments2. We define adjusted income before income taxes as income before income taxes adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments. We define adjusted net income available to common stockholders as net income available for common stockholders adjusted to remove the after-tax effects attributable to IBG, Inc. of our currency diversification strategy and our net mark-to-market gains (losses) on investments. We define adjusted diluted EPS as adjusted net income available for common stockholders divided by the diluted weighted average number of shares outstanding for the period. Management believes these non-GAAP items are important measures of our financial performance because they exclude certain items that may not be indicative of our core operating results and business outlook and may be useful to investors and analysts in evaluating the operating performance of the business and facilitating a meaningful comparison of our results in the current period to those in prior and future periods. Our currency diversification strategy and our mark-to-market on investments are excluded because management does not believe they are indicative of our underlying core business performance. Adjusted net revenues, adjusted income before income taxes, adjusted net income available to common stockholders and adjusted diluted EPS should be considered in addition to, rather than as a substitute for, GAAP net revenues, income before income taxes, net income attributable to common stockholders and diluted EPS. 2 Mark-to-market on investments represents the net mark-to-market gains (losses) on investments in equity securities that do not qualify for equity method accounting, which are measured at fair value; on our U.S. government and municipal securities portfolios, which are typically held to maturity; and on certain other investments. 3 The income tax effect is estimated using the statutory income tax rates applicable to the Company. 4 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025. View source version on Contacts For Interactive Brokers Group, Inc. Investors: Nancy Stuebe, investor-relations@ or Media: Rob Garfield, media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NDTV
8 hours ago
- Politics
- NDTV
Government Had Nothing To Do With RCB Celebration: Siddaramaiah's Adviser
Bengaluru: The Karnataka government had nothing to do with the event at Bengaluru's Chinnaswamy stadium that led to the stampede following the IPL victory of the Royal Challengers Bengaluru, said AS Ponnanna, Congress MLA and legal advisor to Karnataka Chief Minister Siddaramaiah. With the matter snowballing into a massive political row as the government appeared to point fingers at the police and the RCB, Mr Ponnanna asserted that the government did not announce the event or organise it. "The RCB is the franchisee that won the IPL. They wanted to celebrate... so that their ratings, their valuation, their team goes up because huge people are going to gather. KSCA is the location where this whole celebration takes place. DNA is the in-between media agency. The police are the ones who are supposed to man and provide security, ensure that such assemblies take place well within law and order limits, make sure nobody gets hurt, make sure nobody dies... So, these are the stakeholders," he told NDTV in an exclusive interview today. When something like this happens, the opposition and others join the bandwagon and point fingers at the government, he said. "It may all look good," he added, but the "cold facts" say the government has "nothing to do with this celebration". Asked about how many people felt that Mr Siddaramaiah and his deputy DK Shivakumar were part of the celebration and appeared to want to take credit, Mr Ponnanna said the government was not the one to permit or stop the event. It was merely a participant, who cannot be held liable. "It may suit TRP, it may suit the opposition to make this a political issue, but not everything is political," he said. Earlier today, the RCB strongly objected to the Central Administrative Tribunal's order that said the franchisee was responsible for the June 4 stampede that left 11 people dead and 56 injured. The RCB told the Karnataka High Court today that it wants such statements expunged. "It was the Deputy Chief Minister, DK Shivakumar, who had picked the team from the airport, and took them to the Vidhan Soudha, where announcements were made about the event at the stadium," RCB's advocate Sandesh Chouta had told the court. The CAT order on the June 4 stampede has said after their maiden IPL win, the champions had failed to consult the police or seek their permission before "unilaterally" inviting lakhs of people to the celebration at the stadium. The report had also highlighted the RCB's failure to follow standard operating procedures to ensure safety before hosting a public event. Mr Ponnanna pointed out that the RCB bearing responsibility for the tragedy was not the conclusion of just the government and multiple inquiries are being conducted into the matter. Besides the CAT case, there is a one-man Judicial Commission of Inquiry, a Magistral Inquiry and the parallel investigation by the police. The state government had faced massive criticism of mismanagement after the stampede, with reports indicating that the police were hamstrung by having their forces split between the stadium and the Vidhan Soudha where the Chief Minister and other dignitaries waited. The government action against the police - with suspension of three top officers - also drew much criticism from the opposition. Initial inquiry also indicated that contrary to the government's claim that the event was a last-minute plan, the RCB had posted on X, formerly Twitter, about the felicitation event on June 4.
The Hindu
9 hours ago
- Business
- The Hindu
News from the world of Education: July 17, 2025
TEDxABBS Acharya Bangalore B-School (ABBS) will host TEDxABBS, a TED event on July 26 to share ideas and spark conversations around sustainability, environmental conservation, innovation, and green living. For details, visit ACCA Case Masters 2025 The Association of Chartered Certified Accountants (ACCA), has launched a national case study competition. ACCA Case Masters 2025: Redefining the Accountant aims to provide students with a unique platform to demonstrate financial acumen, strategic thinking and problem-solving skills in real-world business scenarios. Eligibility: and BBA students from across India Deadline: August 8 For details, visit Admissions and scholarships Hindustan Institute of Technology and Science has opened admissions for its MBA programme with specialisations in Finance, Marketing, Human Resources, Hospital Management, Aviation Management, Logistics and Supply Chain Management, Media and Entertainment, and Business Analytics. Merit-based scholarships are available. Eligibility: Minimum 50% marks in any UG discipline and valid scores in CAT, MAT, XAT, or CMAT. Deadline: July 30 Details at The University of Strathclyde, Glasgow, invites applications for its Aerospace Engineering programme starting in September 2025 and January 2026. Scholarships are available Eligibility: A first-class or second-class honours degree (or international equivalent) in Engineering, Physical Sciences, or a closely related discipline. Overall IELTS (Academic) score of 6.5 with no individual band less than 5.5. Details at Motion Education has launched the Motion Talent Search Exam with rewards ranging from scholarships and free coaching for over 500 students. Eligibility: Students from classes 6 to 10, 11 and 12 (Science stream) When: July 20, August 3, and August 24 (online) Deadline: Up to two days before the selected exam date Details at Western Overseas Study Abroad has issued an admission alert for Indian students who wish to pursue Bachelor's and Master's degrees in universities in Canada, Australia, New Zealand, the U.K., the U.S. and Europe. It offers personalised career counselling, university and country shortlisting, SOP and documentation assistance, application submissions, visa processing, and standardised test coaching for exams. For details, visit JIRSMUN 2025 JAIN International Residential School (JIRS), Bengaluru, will host its Model United Nations Conference, JIRSMUN 2025. The event will feature six committees and a cultural exchange programme. When: August 29 to 31 Details at Events IIT Mandi concluded the third edition of PRAYAS 3.0, its outreach initiative that aims to foster curiosity and scientific temperament among school students. Participants engaged in a mix of workshops, lectures, lab visits, and team projects designed to make STEM education engaging and accessible. DEVI Sansthan celebrated Malala Day by honouring young women educators from Lucknow's low-income neighbourhoods and equipped with the ALfA toolkit, promotes foundational literacy and numeracy through peer learning and critical thinking. The Circle launched Circle U, a programme to provide hands-on training to educators, and a one-year programme that aims to equip teachers with the expertise and resources to foster exponential progress for children in resource-scarce communities. Delhi Public School Indirapuram hosted Career Vistas 4.0, which brought together representatives from over 30 Indian and international universities and featured sessions on emerging careers, the future of work, and how students can prepare for interdisciplinary pathways. The Department of Social Justice and Empowerment, Government of Rajasthan, selected Arihant Academy to be part of the Chief Minister Anuprati Coaching Scheme. In collaboration with Podar Education Institution, Arihant will now operate a coaching centre in Nawalgarh, Jhunjhunu, to provide free coaching to students from economically weaker sections of society. K.J. Somaiya Institute of Technology (KJSIT), Mumbai, concluded its offline Faculty Development Programme on Fortifying the Digital Frontier: Cybersecurity Strategies for Threat 50 faculty members and researchers across AICTE-approved institutions in Mumbai participated. IIM Kashipur appointed Prof. Neeraj Dwivedi as its new Director. He has over 25 years of experience across academia, corporate sector, and executive leadership. Shiv Nadar University, Delhi-NCR, has appointed Professor Rajesh Chakrabarti as the Dean of the School of Management and Entrepreneurship. He has been affiliated with institutions such as the Wharton School, the Federal Reserve Bank of Atlanta, India Development Foundation and the Center for Development Policy and Practice in India. Over 850 students from Lovely Professional University have secured scholarships to study in foreign institutions from over 80 countries including Canada, the U.K., the U.S., Brazil, and Spain. KIIT World School, Sohna Road, in collaboration with the Adani Foundation and Gems Education, organised a training programme on Neuro-Linguistic Programming (NLP) for its teachers. The Manipal College of Nursing, MAHE, in collaboration with the Faculty of Nursing, University of New Brunswick (UNB), Canada, inaugurated the Manipal International Conference on Equity, Diversity and Inclusion (EDI) in Health: Envisioning a Future of Global Collaboration for Education, Research and Practice. The two-day programme included plenary sessions, scientific paper presentations, and poster presentations. Global Indian International School (GIIS) hosted a felicitation ceremony for the latest cohort of Global Citizen Scholarship (GCS) recipients. Ten students —eight from India and two from West Asia — were recognised for their outstanding academic accomplishments, leadership abilities, and excellence. Zamit has launched an IELTS preparation platform to assist students aiming to study or work abroad. The platform offers a wide range of features, including full-length and individual modules of General Training (GT) and Academic (AC) Tests (CD and PB) Diagnostic tests and improvement activities, quick feedback, writing evaluations, and live sessions with certified IELTS trainers. Pearson has announced key enhancements to Pearson Test of English (PTE) Academic. From August 2025, PTE Academic will include two new speaking tasks: 'Respond to a Situation' and 'Summarise a Group Discussion' to evaluate test takers' ability to communicate in real-world academic and professional scenarios. Pearson is also enhancing its AI-driven scoring system to ensure fairer and more accurate assessments for all test takers. AIIMS Bibinagar and the Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad hosted a MedCare AI Impact Hackathon to empower doctors, medical students, and health researchers to tackle real-world clinical problems through deep tech research led innovation. The event featured two tracks - one for medical practitioners and another for med-tech researchers. CMR University, Bengaluru hosted the launch of the India Chapter of the Global Design Thinking Alliance (GDTA) with thought leaders from academia, industry, and global institutions taking part. Prof. Uli Weinberg, President of GDTA and Director of the HPI School of Design Thinking, Germany, was chief guest. IIM Kashipur hosted a roundtable conference Disha 2025 on the theme: Future-Proof Skills: What the Modern Workplace Demands from MBAs that brought together senior leaders from Barclays, Deloitte India, Wipro, Schneider Electric Infrastructure, Ernst and Young (EY), and Philips India Subcontinent and other global firms. The discussion focused on the core competencies, mindset shifts, and adaptive learning required to navigate today's complex and fast-paced corporate landscape. Tata Motors has trained and certified the first All Girls Batch of motor mechanics in Jharkhand under its Kaushalya programme. The 13 girls have completed the Mechanical Motor Vehicle (MMV) training module, which was designed to build employability in underserved communities. IIM Rohtak hosted Maj. Gen. Sumit Rana, General Officer Commanding, Paschim Uttar Pradesh Sub Area, for a session on The Role of Armed Forces in Nation Building. Over 300 students and faculty members attended. Medhavi Skills University (MSU) hosted a workshop on the theme Industry-Led Skill-Based Education: A New Paradigm for Atmanirbhar Bharat to celebrate World Youth Skills Day. The discussions emphasised the need for stronger industry-academia collaboration to ensure youth are equipped with practical, job-ready skills. Prin. L. N. Welingkar Institute of Management Development and Research (WeSchool), Mumbai, in collaboration with the Association of Indian Management Schools (AIMS) and Ratan Tata Maharashtra State Skills University, hosted a Women in Leadership for Viksit Bharat summit to recognise the role of women leaders in India's development journey. Convocations and inductions The Sri Sathya Sai University for Human Excellence celebrated its fourth convocation with 111 students receiving their degrees. Sonal Mansingh, dancer and former Rajya Sabha MP, was the guest of honour. IIT Guwahati held its 27th convocation for 2,093 students. Rajendra Singh, D. Houser Banks Professor of Electrical and Computer Engineering, Clemson University, was the chief guest. Sanskriti University, Mathura, hosted a convocation for 35 international students such countries including Namibia, Myanmar, Zimbabwe, Tanzania, Ghana, and Sudan who were awarded degrees across disciplines such as Engineering, Management, Science, and Nursing. The Indian School of Business welcomed its inaugural cohort of 130 students to the 20-month Post Graduate Programme in Management for Young Leaders. K J Somaiya Institute of Management welcomed 676 students for the 2025–2027, across its MBA programmes. Ravi Kant, former MD and Vice Chairman, Tata Motors, was the chief guest. ITM Business School welcomed its MBA batch of 2025–27 with an inaugural ceremony at which industry leaders spoke to the students about topics such as leadership, career development, and the changing world of business. IIIT Hyderabad conducted its 24th convocation for 529 students who received their degrees. Chief guest Debjani Ghosh, Distinguished Fellow, NITI Aayog, and former president of Nasscom, was the chief guest. Prof. Sandeep Shukla was also introduced as the next Director of the institution. IIM Raipur hosted an Orientation programme for 353 students of its MBA 2025–27 batch. Sudeep Dev, CHRO and Executive Vice President at Volvo Eicher Commercial Vehicles, was the chief guest. Laurels The University of Strathclyde has been ranked second in Scotland for Overall Satisfaction in the U.K.'s 2025 National Student Survey. Shoolini University of Biotechnology and Management Sciences, Solan, Himachal Pradesh, was granted Category-1 status by the University Grants Commission under its Graded Autonomy Regulations, 2018. Glion Institute of Higher Education was recognised by the Swiss Accreditation Council (SAC) as a University of Applied Sciences Institute. Shiv Nadar School, Noida, ranked second nationally in the India National Green School Ranking 2025 unveiled by Green Mentors. Students from Galgotias University's Batch 2021-2025 have secured over 135 offers from Wipro's Elite Exclusive 2025 hiring programme. Suraasa, an ed-tech platform enabling global teacher mobility, has been shortlisted for the prestigious Global EdTech Prize by T4 Education. The final awards will be announced on July 31. MoUs and partnerships Medicaps University has signed MoUs with Hettich and Intel to bridge the gap between academia and industry and empower students with practical learning experiences. IIM Nagpur has signed an MoU with the Association of Chartered Certified Accountants (ACCA) to improve the quality and relevance of its Finance and Accountancy programmes. BITS Law School, Mumbai, has signed an MoU with the Ahmadi Foundation to institute the Justice A.M. Ahmadi Gold Medal for Excellence in Alternative Dispute Resolution for students of its B.A. LL.B. (Hons.) and B.B.A. LL.B. (Hons.) programmes. Wintec, New Zealand, has partnered with MSM Unify and Sahrdaya College of Engineering and Technology (Autonomous) in Kerala to launch a transnational programme in Data Science and Intelligent Systems, which will allow students to begin their PG studies in India and transition to a Master's degree in New Zealand. Workfreaks Business School has signed an MoU with AMET University to integrate higher education with real-time industry experience. MiPhi Semiconductors has signed an MoU with the Rajagiri School of Engineering and Technology (RSET) to set up a dedicated MiPhi Innovation AI Lab to focus on advancing applied research in AI infrastructure, semiconductor integration, and GPU-accelerated computing. Acharya Bangalore B-School (ABBS) has partnered with IBM to co-develop and deliver specialised undergraduate and postgraduate programmes in Artificial Intelligence (AI) and Machine Learning (ML). Through this initiative, students will gain practical exposure to key technologies. Vivekanand Education Society's Tulsi Technical Institute has collaborated with Skilling College of Paramedical Education (SCOPE) to launch two additional Bachelor of Vocation ( programmes: three-year in Medical Imaging Technology and three-year in Medical Laboratory Technician.
News18
10 hours ago
- General
- News18
Starting CAT 2025 Preparation Late? Here's How To Still Crack It With The Right Strategy
Last Updated: Starting CAT prep in July isn't too late, success depends on focused strategy, consistent effort, and smart mock test analysis over the next 4–5 months. It's July, and if you've only just started thinking about preparing for the CAT (Common Admission Test) 2025, the question on your mind is likely a daunting one: 'Is it too late?" With less than five months to go until the exam in November, the pressure is real. But here's the truth — while the clock is ticking, it's not game over. Thousands of aspirants begin serious CAT preparation around this time every year and still manage to score well. What makes the difference is how smartly and consistently you prepare from now on. Understanding The Challenge CAT is not a test of memory, but one of aptitude, logic, comprehension, and strategy. It covers three sections: Each of these demands not only conceptual clarity but also speed, accuracy, and the ability to stay calm under time pressure. Typically, aspirants start preparing over 8–12 months in advance. But that doesn't mean those starting now are at a fatal disadvantage. The key lies in understanding that quality trumps quantity — and that includes both the hours you put in and the resources you use. The short answer is no. The longer answer is also no — but it comes with a condition. From this point onward, your approach needs to be extremely focused and disciplined. With limited time left, there's no room for a slow or scattered start. You can't afford to ease into preparation or wait to build momentum gradually. Every single week must be purposeful and productive if you want to make your efforts count. If you can commit to a structured plan — say, 3–4 hours on weekdays and 6–8 hours on weekends — you can still aim for a strong performance. Most aspirants can crack CAT within a four to six-month period, provided their approach is focused and data-driven. There are also numerous success stories of students who started in July and cracked the CAT with 90+ percentile scores. What sets them apart is not necessarily higher intelligence, but consistent, structured effort, ruthless prioritisation, and constant self-evaluation. What Works? Strategy For Late Starters Assess Yourself (Day 1–3) Start with a mock test — yes, even before you start 'studying." This will help you identify: This diagnostic test will help you personalise your preparation, which is crucial when you're short on time. Set A 100-Day Plan Divide the remaining months into three phases: Phase 1: Concept Building (July–Mid August) Focus on core fundamentals in QA (algebra, arithmetic, geometry), reading comprehension strategies in VARC, and types of LRDI sets. Use one standard resource per section — this helps avoid confusion and overlap. Your ability to understand and master fundamentals quickly can dramatically shorten your learning curve — especially if you're starting in July. Phase 2: Practice & Strengthening (Mid August–Mid October) Shift gears to practice-heavy preparation. Start solving mid-level mocks, sectional tests, and topic-wise quizzes. Aim to build both speed and accuracy. Phase 3: Full-Length Mocks + Revision (Mid October–November) Take 2–3 full mocks per week. Analyse each thoroughly — not just what you got wrong, but why. Were you too slow? Did you fall for a trap? Was it a silly mistake? This phase is as much about building exam temperament as it is about revision. Many top scorers claim to have improved their VARC section purely through sustained reading and consistent practice of previous years' RCs. DILR: Pattern Recognition And Speed QA: Focus On Arithmetic First Arithmetic makes up 40–50% of the QA section. Prioritise topics like percentages, ratios, averages, and time-speed-distance. Once confident, move to algebra and number systems. Practice mental calculations and approximation techniques to save valuable time in the exam. Mock Tests: Your Best Teacher Mocks aren't just for assessment; they're a critical part of your learning process. Starting now, take at least: 1 mock every two weeks in July 1 per week in August 2 per week from September onwards The analysis is more important than the score. For each mock, ask yourself: Did I spend too much time on one set or question? Did I panic when I saw unfamiliar RC or DI sets? Could I have chosen better questions to attempt? Mocks are a microcosm of the CAT experience — your ability to reflect, review, and adapt after each one makes or breaks your percentile. Coaching Or Self-Study? If you need structure, crash courses or online programs can help. But if you're self-disciplined and consistent, self-study using quality resources and mock tests is just as effective. Study groups, online forums, and peer networks can also offer motivation, support, and guidance when needed. Mindset Matters CAT is as much a test of mindset as it is of aptitude. Late starters often carry self-doubt — don't let that hold you back. Stay focused and adopt a problem-solving mindset: Break goals into smaller, achievable targets Track progress weekly Be strategic — don't aim for perfection in every topic Most importantly, avoid burnout. Get adequate sleep, take short breaks, and remember that effective preparation is a marathon, not a sprint. Final Thoughts Starting CAT prep in July may not be ideal — but it's absolutely possible. With smart planning, consistent effort, and the right mindset, you can bridge the gap. top videos View all What matters most now is not when you began, but how you finish. Use each day with purpose. Stay committed to the process. (The author is the GM of Admissions & Marketing at Great Lakes Institute Of Management. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect News18's views.) About the Author Education and Careers Desk A team of reporters, writers and editors brings you news, analyses and information on college and school admissions, board and competitive exams, career options, topper interviews, job notifications, latest in ...Read More Stay updated with the latest education! Get real-time updates on board exam results 2025, entrance exams such as JEE Mains, Advanced, NEET, and more. Find out top schools, colleges, courses and more. Also Download the News18 App to stay updated! tags : CAT CAT exam MBA view comments Location : New Delhi, India, India First Published: July 10, 2025, 19:11 IST News education-career Starting CAT 2025 Preparation Late? Here's How To Still Crack It With The Right Strategy Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. 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News18
10 hours ago
- Business
- News18
New IIM MBA Without CAT! Check Eligibility, Age Limit, And Application Dates
Last Updated: IIM Lucknow now offers an MBA without CAT. The BMBA suits professionals with 3+ years' experience, combining online learning and on-campus sessions Many graduates aim for an MBA from the Indian Institutes of Management (IIM), with admission typically requiring success in the CAT (Common Admission Test). However, for those who don't clear CAT, there's good news: IIM Lucknow now offers a new MBA programme that doesn't require CAT scores. Blended MBA (BMBA): Tailored For Professionals The Indian Institute of Management Lucknow has introduced a Blended Master of Business Administration (BMBA): a two-year postgraduate programme designed for working professionals and entrepreneurs. This flexible programme allows candidates to pursue a world-class MBA while continuing in their careers. Course Structure: Core + Electives + Capstone The programme is divided into six sessions: Year 1:- Core management subjects Year 2:- Elective modules in areas such as: A capstone project will provide real-world application of theoretical knowledge. The study mode is highly flexible and interactive, featuring virtual live classes and periodic on-campus sessions. These campus sessions will include: This hybrid format is ideal for professionals seeking flexibility. Eligibility Criteria For BMBA Applicants must meet the following requirements: Important Dates Applications Open: July 11, 2025 Last Date to Apply: August 18, 2025 Online Interviews: September 1 to 3, 2025 Course Commencement: September 25, 2025 Selection will be based on academic background, work experience, relevant test scores, and interview performance. BMBA Programme Objective The BMBA aims to: view comments First Published: July 12, 2025, 11:48 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
