Andhra Pradesh minister Nara Lokesh reopens 150-year-old VR school in Nellore; Rs 15 crore support, 1,000 students enrolled
TIRUPATI: The 150-year-old VR School in Nellore, which was closed in 2021, was formally reopened on Monday by the State Human Resource Development (HRD) Minister.
Originally established by Sunku Narayana Swamy Chetty on 3 May 1875, the school has a rich legacy and was later supported by the 28th Venkatagiri Raja, V Rajagopala Krishna Yachendra Bahadur.
The historic school had faced several turbulent phases and was shut down during the YSRCP regime in 2021. Now, under the TDP-led NDA government, the institution has been revived with an investment of Rs 15 crore, supported by the NCC Group under its CSR initiative.
Renovated and upgraded to international standards, the VR School has now admitted close to 1,000 students from underprivileged sections of society.
After inaugurating the school, HRD Minister Nara Lokesh visited the classrooms, interacted with the students and teaching staff, and also spent time at the playground.
'The legendary VR school has provided education to many stalwarts like former Vice president of India M Venkaiah Naidu, playback singer SP Balasubramanyam etc. Senior politicians like Somireddy Chandramohan Reddy and Kotamreddy Sridhar Reddy had also studied at this very school,' Lokesh noted.
Recalling that many had asked him about why he chose to head a difficult portfolio like education, Lokesh stated that it was his dream to transform school education in the state in a big way and listed out numerous initiatives launched by the AP govt to upgrade govt schools in the state to the standards of corporate schools.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
2025 Top Trending local enterprise accounting software [Click Here]
Esseps
Learn More
Undo
During the event, the HRD minister also felicitated Nellore MP Vemireddy Prabhakar Reddy, Devireddy Sudhakar Reddy and NCC Director Raju for supporting government schools under the P-4 initiative.
Several dignitaries attended the ceremony, including State Ministers Anam Ramnarayana Reddy, NMD Farooq, Narayana, and MLAs Vemireddy Prashanti Reddy, Kotamreddy Sridhar Reddy, Somireddy Chandramohan Reddy, among others.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
5 minutes ago
- Business Standard
Nifty ends above 25,450; media shares tumble
The domestic equity benchmarks ended a volatile session near the flat line today as investors stayed cautious amid growing uncertainty over U.S. trade policy. The Nifty settled above the 25,450 mark. Media, IT and metal shares declined, while FMCG and realty shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex, rose 9.61 points or 0.01% to 83,442.50. The Nifty 50 index rose 0.30 points or 0.0% to 25,461.30. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.15% and the S&P BSE Small-Cap index fell 0.33%. The market breadth was negative. On the BSE, 1,708 shares rose and 2,363 shares fell. A total of 190 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 1.98% to 12.56. Economy: Indias foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4. Foreign currency assets surged by $5.75 billion to $594.82 billion. Gold reserves fell by $1.23 billion to $84.5 billion during the reported week, while special drawing rights (SDRs) rose by $158 million to $18.83 billion. Indias reserve position with the International Monetary Fund (IMF) also increased by $176 million to $4.62 billion, central bank data showed. India-US Trade Deal Update: India and the US are in a race against time to avoid a 26% reciprocal tariff on Indian exports. An Indian delegation recently returned from Washington after detailed talks. While India is pushing for full exemption, the USs baseline 10% tariff still stands. Commerce Minister Piyush Goyal has made it clear that India will not rush into any deal under pressure and will proceed only when the agreement is fully finalised, properly concluded, and aligned with national interest. IPO Update: The initial public offer (IPO) of Travel Food Services received bids for 1,267,630 shares as against 13,412,842 shares on offer, according to stock exchange data at 15:40 IST on Friday (7 July 2025). The issue was subscribed 0.09 times. The issue opened for bidding on Monday (7 July 2025) and it will close on Wednesday (9 July 2025). The price band of the IPO is fixed between Rs 1,045 and 1,100 per share. An investor can bid for a minimum of 13 equity shares and in multiples thereof. Buzzing Index: The Nifty Media index declined 1.11% to 1,742.20. The index rose 0.83% in the past two trading sessions. Nazara Technologies (down 3.26%), Sun TV Network (down 2.08%), Zee Entertainment Enterprises (down 1.64%), Saregama India (down 0.8%) and Network 18 Media & Investments (down 0.3%) and PVR Inox (down 0.08%) declined. On the other hand, Dish TV India (up 4.9%), D B Corp (up 1.63%) and Tips Music (up 1.06%) edged higher. Stocks in Spotlight: Hazoor Multi Projects zoomed 15.58% after the company announced that it has secured order worth Rs 913 crore from Apollo Green Energy (formerly Apollo International) for the execution of a 200 MW grid-connected solar photovoltaic (PV) project in Gujarat. Completion is expected by March 2026. Godrej Consumer Products rallied 6.46% after the company expected the consolidated double-digit revenue growth on the back of high-single-digit UVG in Q1 FY26. Senco Gold rose 4.24% after the company reported a 28% year-on-year growth in total revenue during the AprilJune quarter, supported by festivals that significantly boosted footfalls across showrooms. Dhanlaxmi Bank rose 0.93%. The banks gross advances grew 17.3% to Rs 12,484 crore as of 30 June 2025 from Rs 10,643 crore as of 30 June 2024. The private lender reported 14.7% growth in total deposits to Rs 16,570 crore in Q1 FY26 as against Rs 14,441 crore recorded in Q1 FY25. DCX Systems gained 2.92% after the company announced it had received an industrial license to manufacture high-end defence electronics. Tourism Finance Corporation of India (TFCI) rallied 5.96% after the companys board is scheduled to meet on 10 July 2025, to consider the proposal for the subdivision or split of the existing equity shares. Kalyan Jewellers India shed 0.73%. The company reported a consolidated revenue growth of 31% year-on-year in Q1FY26, despite intermittent demand disruptions during the quarter, largely attributed to gold price volatility and geopolitical tensions. Texmaco Rail & Engineering fell 0.58%. The company said that it has received an order worth Rs 36.27 crore from Transport Corporation of India (TCI) for the supply of two rakes, comprising 54 ACT-3 type wagons and two BVCM wagons. The order is scheduled to be executed within 24 months. Indusind Bank shed 0.17%. The banks total deposits fell 0.3% to Rs 3,97,233 crore as of 30th June 2025 compared with Rs 3,98,513 crore as of 30th June 2024. Global Markets: European markets traded higher on Monday, with investors alert for any trade-related headlines in the countdown to US president Donald Trumps tariff deadline. Asian equities ended mixed amid continued uncertainty surrounding US trade policy. President Donald Trump confirmed that the "reciprocal" tariffs announced in April will take effect on August 1 for countries that have not reached a trade agreement with the US. US Treasury Secretary Scott Bessent reiterated that the tariffs introduced in April will be enforced starting August 1. While he clarified that this date does not represent a new deadline, he noted it may provide additional time for trade partners to renegotiate terms. The Reserve Bank of Australia has commenced its two-day policy meeting, with markets widely expecting a 25 basis point rate cut, which would bring the benchmark rate down to 3.60%. On Thursday, US equity indices closed at record highs, supported by optimism that the administration may again delay the imposition of tariffs. The S&P 500 gained 0.8%, the NASDAQ Composite advanced 1%, and the Dow Jones Industrial Average rose 0.8%. U.S. market was closed Friday for the Independence Day holiday. Strength in technology stocks also contributed to the rally, with continued investor interest in major artificial intelligence firms such as Nvidia. Meanwhile, the US economy added 147,000 nonfarm payroll jobs in June, while the unemployment rate held steady at 4.1%, according to the Bureau of Labor Statistics. The labor market data suggests underlying resilience, prompting a reduction in expectations for imminent rate cuts.
Business Standard
5 minutes ago
- Business Standard
Travel Food Services IPO subscribed 10%
The offer received bids for 13.90 lakh shares as against 1.34 crore shares on offer. The initial public offer of Travel Food Services received bids for 13,90,766 shares as against 1,34,12,842 shares on offer, according to stock exchange data at 17:00 IST on Monday (7 July 2025). The issue was subscribed 0.10 times. The issue opened for bidding on 7 July 2025 and it will close on 9 July 2025. The price band of the IPO is fixed between Rs 1,045 and 1,100 per share. An investor can bid for a minimum of 13 equity shares and in multiples thereof. The IPO comprises an entire offer for sale (OFS) of 1,81,81,818 equity shares at higher price band. Promoter family group (Kapur Family Trust) will be offloading shares worth Rs 2000 crore worth of shares in the OFS. The offer provides reservation options for eligible employees to subscribe at a discount of Rs 104 per share. Travel Food Services (TFS) is an Indian airport travel quick service restaurant (Travel QSR) and lounge (Lounge). The companys F&B brand portfolio, comprising 127 partner and in-house brands, is in the operation of 442 Travel QSRs across India, Malaysia and Hong Kong. The travel QSR business comprises a range of curated food and beverage (F&B) concepts across cuisines, brands and formats, which have been adapted to cater to customers demands for speed and convenience within travel environments. TFS lounge business comprises designated areas within airport terminals, accessible primarily by first and business-class passengers, members of airline loyalty programs, select credit card and debit card holders and members of other loyalty programs. Ahead of the IPO, Travel Food Services on Friday, 4 July 2025, raised Rs 598.79 crore from anchor investors. The board allotted 54.43 lakh shares at Rs 1,100 each to 33 anchor investors. The firm reported a consolidated net profit of Rs 363.15 crore and sales of Rs 1,687.74 crore for the twelve months ended on 31 March 2025.
Hans India
9 minutes ago
- Hans India
AI, IoT to drive India as a global leader in food processing: Report
New Delhi: The food processing sector in India gearing up for a sustainable future driven by technology and digital innovation, positioning the country as a global leader, according to a report on Monday. The joint knowledge report by ASSOCHAM-PwC, launched at the Food Tech conference organised by ASSOCHAM, showed that the technologies associated with Industry 4.0 -- including artificial intelligence (AI), the Internet of things (IoT), blockchain, robotics, and automation -- are fundamentally transforming how food is processed, stored, and transported. These innovations are improving operational efficiency, food safety, quality control, and supply chain transparency. With the global food robotics market projected to reach $6.08 billion by 2032, the report noted that India has a significant opportunity to harness these technologies, especially as it addresses critical challenges like post-harvest losses, which cost the country an estimated Rs 1.53 trillion annually. 'India's journey towards becoming a developed and self-reliant economy -- Viksit Bharat -- is being closely shaped by the transformation of its food processing ecosystem,' said Manish Singhal (Secretary General, ASSOCHAM). 'The vision of a proactive and sustained effort is regarded to be highly relevant to the evolving landscape of India's food processing sector -- an industry recognised both as a key economic driver and a vital link between agriculture and the nation's nutritional needs,' he added. The report also outlined the hurdles faced by the industry. This includes supply chain traceability, limited processing coverage, environmental concerns, and lack of skilled manpower. Further, it draws attention to food wastage and foodborne illnesses, which cost $936 billion and $110 billion respectively each year. It called for enhanced compliance and safety protocols powered by digital tools to mitigate these losses and ensure better food security for all. Meanwhile, the report also highlighted the initiatives launched by the government such as the Pradhan Mantri Kisan Sampada Yojana (PMKSY) and Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) -- which aim to strengthen the food processing ecosystem, reduce wastage and formalise the sector. 'Dialogue on emerging food processing technologies is essential to foster stakeholder collaboration for stimulating its large-scale adoption. The food processing sector in India holds tremendous potential, especially with increasing global interest and exports,' said Shashi Kant Singh, Partner - Agriculture and Food Sector, PwC India. Changing consumer preferences are also shaping the future of the industry, showed the report highlighting a growing demand for sustainable packaging, plant-based proteins, and clean-label products -- trends that reflect rising awareness about health and environmental impact. It called for a combined effort involving policymakers, industry leaders, academia, and startups -- supported by modern infrastructure and an enabling policy environment -- to unlock the sector's full potential.
