Latest news with #RohitGupta
CTV News
a day ago
- Business
- CTV News
New city-building institute at University of Alberta names its first executive director
Murtaza Haider, the executive director of the newly established Cities Institute and its first Radhe Krishna Gupta Executive Chair, speaks at the Edmonton Convention Centre on June 5, 2025. The University of Alberta's School of Business has named the first executive chair for a city-building institute. Murtaza Haider is the executive director of the newly established Cities Institute and its first Radhe Krishna Gupta Executive Chair. Haider, who comes to the position from Toronto Metropolitan University, has spent 30-plus years 'studying cities, building bridges, working with industry, and being an engineer who researches real estate markets, bringing together disciplines, engineers, planners, computer scientists, people who specialize in machine learning,' he said Thursday at the Edmonton Convention Centre. The institute was established by a $5-million gift from Rohit Gupta, president of the Rohit Group, and his parents, real estate developers Radhe and Krishna Gupta. Its purpose is to 'allow for partnerships to exist between academia, public policy and industry, so industry, municipalities or different governments can fund research that gives them better knowledge,' Rohit Gupta told CTV News Edmonton. 'Effectively, the University of Alberta becomes a think tank to get better solutions out there ... We're all in here to build better communities and better neighbourhoods.' Haider said his vision for the city 'is a place where Edmontonians will be proud.' 'They will be going places, telling proudly that we are from Edmonton,' he said. 'The city functions in a way that it creates lots of wealth, and then is able to share that wealth, and it's able to become a place which celebrates diversity, celebrates equality, and is able to rely (on) and exploit the resources nature has given us to the fullest to be able to create those future pathways that will lead to sustainable growth and development.' With files from CTV News Edmonton's Galen McDougall
Time of India
25-05-2025
- Politics
- Time of India
Ludhiana West by-poll: District administration briefs political parties on nomination process & arrangements
LUDHIANA: Additional district election officer (ADEO)-cum additional deputy commissioner (G) Rohit Gupta on Sunday chaired a meeting with representatives from various political parties at the district headquarters. Tired of too many ads? go ad free now The purpose was to brief them about the process of nomination filing for the Ludhiana West by-poll in adherence to the guidelines of the (ECI). Gupta stated that, as per the programme issued for by-elections, the notification of the by-poll will be issued on May 26 (Monday). "The last date for filing nominations is June 2, and the scrutiny of nomination papers will be conducted on June 3, while the last date for withdrawal of candidature is June 5. The polling will be held on June 19 from 7 am to 6 pm, and the counting will be held on June 23. Nominations will be accepted between 11 am and 3 pm, with only five individuals, including the candidate, permitted during filing. Candidates must be electors of any constituency in the state," said an official statement by the district administration. "Security deposits are set at Rs 10,000 for general category candidates and Rs 5,000 for SC/ST candidates, to be deposited before or during nomination filing. A certified voter list copy must accompany the nomination form, mandatory for candidates from outside Ludhiana. Recognised parties require one proposer, while independents and unrecognised parties need ten. Candidates must submit a recent passport-sized photograph (not older than three months, white background, no uniforms). " It added that political parties and candidates are also required to publish candidates' criminal antecedents three times in two different language newspapers. Tired of too many ads? go ad free now Gupta urged all parties to cooperate for a peaceful and fair election process. In a separate meeting, Gupta directed owners of hotels and marriage palaces falling under the jurisdiction of the Ludhiana West assembly to submit daily booking reports to the election office. "This measure aims to monitor political activities during the Model Code of Conduct period. Owners must inform the administration in advance about events and seek necessary permissions to ensure transparency and compliance. " In another meeting, Gupta ordered 24x7 CCTV surveillance of breweries, bottling plants, warehouses, and godowns to prevent unauthorised liquor distribution. He emphasised continuous monitoring of liquor vends and thorough checks of vacant houses, plots, and flats near these facilities, which could be used for illicit liquor storage. "These measures aim to maintain strict control over liquor movement during the election period. " Gupta reiterated the district administration's commitment to upholding ECI guidelines, fostering a transparent and fair electoral process. He called for cooperation from all stakeholders to ensure the by-poll is conducted smoothly and peacefully.
News18
21-05-2025
- Science
- News18
NEET UG 2025 Expected Cut-Off: Experts Predict Score Range For AIQ And AIIMS Delhi
Last Updated: NEET UG 2024 cut-offs rose to 720-162 (General) and 161-127 (SC/ST/OBC). Check the expected NEET UG 2025 cut-off marks for admission to government medical colleges. The National Testing Agency (NTA) conducted the National Eligibility cum Entrance Test Undergraduate (NEET UG) exam on May 4, 2025. Medical aspirants are eagerly waiting for the results and the cut-off marks. The NTA will soon release the provisional answer keys, followed by the final answer key and the NEET UG result in June. For NEET UG 2025, the NTA will calculate the cut-off percentile based on the highest scores in the all-India common merit list. Based on the paper's difficulty level, reduced exam duration, and comparison with previous years, experts foresee a slight shift in cut-off trends. According to Rohit Gupta, Chief Academic Officer at PhysicsWallah (PW), the general category cut-off is expected to fall between 540 and 560 marks. 'This year's paper was notably more concept-heavy," he said. 'While Biology remained largely NCERT-based and scoring, Chemistry required deeper application, and Physics posed a significant challenge with time-intensive numerical questions." Gupta also highlighted that the 20-minute reduction in exam duration added time pressure, possibly impacting student performance. However, a drop of nearly one lakh aspirants this year and the expansion of medical colleges and MBBS seats may ease competition slightly, possibly improving overall admission prospects. Nabin Karki, National Academic Director (Medical) at Aakash Educational Services Limited (AESL), added that the expected cut-off for All India Quota (AIQ) admissions lies between 530 and 560, aligning with PhysicsWallah's estimate. For AIIMS Delhi, the cut-off is projected to be higher — between 660 and 670 marks. As for general category qualifying marks, the range is expected to be between 130 and 150.
The Hindu
10-05-2025
- Science
- The Hindu
NEET-UG 2025: Tough Paper, reduced exam time may push cut-offs down
The NEET-UG 2025 was tougher than preceding years, and hence, experts predict that cut-off marks will be lower for all categories. Factors such as a 20-minute reduction in exam time and challenging Physics numerical problems will potentially contribute to a reduced cut-off. This year, however, NEET aspirants, which was a steadily growing demographic, declined by nearly one lakh, this could improve admission chances. Nitin Vijay, Founder and CEO of Motion Education, said the paper was tough, especially with a lengthy Biology section along with Physics. Under the new pattern, students had 20 minutes less to solve the paper, and all 180 questions were mandatory with no internal choices. He said the cut-off for government medical colleges is expected to be lower. A safe score is projected to be around 595–605 for the General category, 595–600 for OBC, 580 for EWS, 470 for ST, and 460 for SC. Rohit Gupta, Chief Academic Officer at PhysicsWallah, said, 'Considering the overall difficulty level of NEET 2025 and trends from previous years, we expect the general category cut-off to fall between 540 and 560 marks.' He said the paper was concept-heavy. Biology was the most accessible and NCERT-centric. Chemistry had standard and application-based questions. Physics was the most challenging due to numerical and time-intensive problems. Mr. Gupta added that in previous years, cut-offs rose when papers were predictable and NCERT-aligned. But this year's increased conceptual load and the 20-minute reduction in exam time may affect performance. Also, NEET aspirants declined by nearly one lakh. Combined with more medical colleges and seats, this may help improve admission chances. Harish Butle, Founder, Deeper, an NGO that conducts mock tests for competitive exams, explained that cut-offs vary state-wise. In Maharashtra, the cut-off may be 490 to 500 for 85% state quota seats. For the 15% All India Quota (AIQ) seats, it may be around 530-540. He said state merit lists are based on All India Ranks (AIR). Higher AIR means higher merit. Dhruv Chavan said, 'This year's exam was the most difficult to date – students had told me this and I saw the physics paper.' He added that the calculations in physics were tougher and more time-consuming than last year. Numerical questions were lengthy. He expects the cut-off to be between 550–575 because of the tough physics section.
Associated Press
30-04-2025
- Business
- Associated Press
Enact Reports First Quarter 2025 Results
GAAP Net Income of$166 million, or$1.08per diluted share Adjusted Operating Income of$169 million, or$1.10per diluted share Return on Equity of13.1%and Adjusted Operating Return on Equity of13.4% Primary Insurance in-force of$268 billion, a2%increase fromfirstquarter 2024 PMIERs Sufficiency of165%or approximately$2.0 billion Book Value Per Share of$33.96and Book Value Per Share excluding AOCI of$34.97 RALEIGH, N.C., April 30, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the first quarter of 2025. 'We had a strong start to 2025 and continue to make progress against our priorities,' stated Rohit Gupta, President and CEO of Enact. 'We continued to prudently underwrite new business, invest in our business, maintain expense discipline, and return substantial capital to our shareholders. Looking ahead, Enact is well positioned to navigate an uncertain economic backdrop. We are committed to executing against all aspects of our strategy and are doing so from a position of robust liquidity and financial strength. We believe the long-term drivers of housing demand remain in place, and we look forward to continuing to create value for all our stakeholders.' Key Financial Highlights First Quarter 2025 Financial and Operating Highlights Capital and Liquidity Recent Events Conference Call and Financial Supplement Information This press release, the first quarter 2025 financial supplement and earnings presentation are now posted on the Company's website, Investors are encouraged to review these materials. Enact will discuss first quarter financial results in a conference call tomorrow, Thursday, May 1, 2025, at 8:00 a.m. (Eastern). Participants interested in joining the call's live question and answer session are required to pre-register by clicking here to obtain your dial-in number and unique PIN. It is recommended to join at least 15 minutes in advance, although you may register ahead of the call and dial in at any time during the call. If you wish to join the call but do not plan to ask questions, a live webcast of the event will be available on our website, The webcast will also be archived on the Company's website for one year. About Enact Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina. Safe Harbor Statement This communication contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, guidance concerning the future return of capital and the quotations of management. These forward-looking statements are distinguished by use of words such as 'will,' 'may,' 'would,' 'anticipate,' 'expect,' 'believe,' 'designed,' 'plan,' 'predict,' 'project,' 'target,' 'could,' 'should,' or 'intend,' the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including risks related to an economic downturn or a recession in the United States and in other countries around the world; changes in political, business, regulatory, and economic conditions; changes in or to Fannie Mae and Freddie Mac (the 'GSEs'), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs, including those offered by the Federal Housing Administration; and other factors described in the risk factors contained in our most recent Annual Report on Form 10-K and other filings with the SEC, may cause our actual results to differ from those expressed in forward-looking statements. Although Enact believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, Enact can give no assurance that its expectations will be achieved and it undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law. GAAP/Non-GAAP Disclosure Discussion This communication includes the non-GAAP financial measures entitled 'adjusted operating income (loss)', 'adjusted operating income (loss) per share,' and 'adjusted operating return on equity.' Enact Holdings, Inc. (the 'Company') defines adjusted operating income (loss) as net income (loss) excluding the after-tax effects of net investment gains (losses), restructuring costs and infrequent or unusual non-operating items, and gain (loss) on the extinguishment of debt. The Company excludes net investment gains (losses), gains (losses) on the extinguishment of debt and infrequent or unusual non-operating items because the Company does not consider them to be related to the operating performance of the Company and other activities. The recognition of realized investment gains or losses can vary significantly across periods as the activity is highly discretionary based on the timing of individual securities sales due to such factors as market opportunities or exposure management. Trends in the profitability of our fundamental operating activities can be more clearly identified without the fluctuations of these realized gains and losses. We do not view them to be indicative of our fundamental operating activities. Therefore, these items are excluded from our calculation of adjusted operating income. In addition, adjusted operating income (loss) per share is derived from adjusted operating income (loss) divided by shares outstanding. Adjusted operating return on equity is calculated as annualized adjusted operating income for the period indicated divided by the average of current period and prior periods' ending total stockholders' equity. While some of these items may be significant components of net income (loss) in accordance with U.S. GAAP, the Company believes that adjusted operating income (loss) and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss) per share on a basic and diluted basis and adjusted operating return on equity, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. Adjusted operating income (loss) and adjusted operating income (loss) per share on a basic and diluted basis are not substitutes for net income (loss) available to Enact Holdings, Inc.'s common stockholders or net income (loss) available to Enact Holdings, Inc.'s common stockholders per share on a basic and diluted basis determined in accordance with U.S. GAAP. In addition, the Company's definition of adjusted operating income (loss) may differ from the definitions used by other companies. Adjustments to reconcile net income (loss) available to Enact Holdings, Inc.'s common stockholders to adjusted operating income (loss) assume a 21% tax rate. The tables at the end of this press release provide a reconciliation of net income (loss) to adjusted operating income (loss) and U.S. GAAP return on equity to adjusted operating return on equity for the three months ended March 31, 2025 and 2024, as well as for the three months ended December 31, 2024. Exhibit A: Consolidated Statements of Income (amounts in thousands, except per share amounts) Exhibit B: Consolidated Balance Sheets (amounts in thousands, except per share amounts) This press release was published by a CLEAR® Verified individual. Investor Contact Daniel Kohl [email protected] Media Contact Sarah Wentz [email protected]
