Latest news with #OPM
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Business Standard
2 days ago
- Business
- Business Standard
High input costs weighed on profit margins in FY25, says RBI study
The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25 Abhijit Lele Mumbai Listen to This Article The operating profit margin (OPM) of Indian private corporations across manufacturing and services sectors moderated in the financial year ended March 2025 (FY25) amid high input costs, showed a Reserve Bank of India (RBI) study released on Thursday. The pace of listed non-government non-financial (NGNF) companies' operating profit growth was also impacted in the past year. Manufacturing firms' OPM moderated by 20 basis points (bps) to 14.2 per cent in FY25 from 14.4 per cent the previous year. The decline was sharper for companies in the information technology (IT) services sector, with their margins reducing 80 bps to 21.9 per
Sky News AU
3 days ago
- Politics
- Sky News AU
Top Donald Trump official calls US airstrikes on Iran ‘pointless,' suggests ‘deep state' swayed President
A top staffer in the federal agency overseeing personnel for the Trump administration has denounced the US strikes on Iran as 'pointless' and suggested the decision was made by members of DC's 'deep state.' Andrew Kloster, who serves as general counsel at the Office of Personnel Management, tweeted — and then deleted — a string of posts ripping the US for having sent 'handouts' to Israel in the past and for previously downplaying the threat of Tehran getting a nuclear weapon. Within a half-hour of President Trump announcing successful US airstrikes on Iranian nuclear facilities Saturday night, Kloster wrote on X, 'I apologize and will never again doubt the power of the deep state.' In a response to an X user saying that 'Iran's nuclear sites being crushed seems a long-term benefit for the US,' Kloster wrote, 'I think it was just kind of pointless.' He also boosted a post from Vish Burra, disgraced former New York Rep. George Santos' ex-director of operations, that referred to Israel's conflict with Iran as a 'tribal squabble' after Tehran broke a cease-fire Trump secured Monday night. The posts — still visible as of Tuesday morning — have since been deleted. The senior official's candid commentary is extremely unusual — due in part to the fact that he can be fired at will as a political appointee. OPM also has a role in implementing Trump's 'Schedule F' directive to ensure that non-political appointees in the federal bureaucracy are upholding the president's policies. In April, Trump tweeted that pursuant to one of his Day One executive orders, all career government employees would need to 'be held to the highest standards of conduct and performance. 'If these government workers refuse to advance the policy interests of the President, or are engaging in corrupt behavior, they should no longer have a job,' Trump added. Kloster's posts reflected the broad unease among Trump's non-interventionist supporters who fear that US involvement in bombing Iran will trigger a prolonged conflict in the region, sap trillions of dollars more from the US Treasury and result in American deaths — after prior US interventions turned into quagmires in Afghanistan, Iraq and Syria. White House press secretary Karoline Leavitt had urged the president's jittery MAGA base ahead of the bombing mission to 'trust in Trump' to secure 'peace through strength.' Just two days after his unprecedented attack on Iran, Trump swiftly returned to his anti-war messaging — brokering a cease-fire Monday and then strong-arming both sides after violations Tuesday. A source close to the White House described Kloster's tweets as foolish. Kloster worked at the White House Office of Presidential Personnel during the final year of Trump's first term and also as a lawyer for then-Florida Rep. Matt Gaetz's congressional office from February 2023 until his resignation in November. He also had stints as deputy general counsel and later acting general counsel in OPM during the first Trump administration as well as in senior positions in the Department of Transportation and the Environmental Protection Agency. The tweets are just the latest drama surrounding Trump appointees put in charge of filling his administration. Presidential Personnel Director Sergio Gor allegedly sparked Trump's feud this month with Elon Musk. Sources also revealed that Gor, the top administration official in charge of vetting job applicants, had not submitted paperwork for a standard government security clearance and that despite saying he's from Malta was not born on the Mediterranean island. 'Sergio Gor is a trusted adviser to President Trump and he has played a critical role in helping President Trump staff the most talented administration in history,' Leavitt has said in the past. Trump and Vice President JD Vance have also both praised Gor for his work filling out the staff of the second administration, with the latter touting his 'effort to ensure committed, principled America First advocates staff the President's government.' Kloster has been described by sources close to the White House as a close friend and ally of Gor. Kloster did not respond to Post requests for comment. The White House declined to comment. Originally published as Top Donald Trump official calls US airstrikes on Iran 'pointless,' suggests 'deep state' swayed President
New York Post
4 days ago
- Politics
- New York Post
Andrew Kloster calls US airstrikes on Iran 'pointless,' suggests ‘deep state' swayed prez
WASHINGTON — A top staffer in the federal agency overseeing personnel for the Trump administration has denounced the US strikes on Iran as 'pointless' and suggested the decision was made by members of DC's 'deep state.' Andrew Kloster, who serves as general counsel at the Office of Personnel Management, tweeted — and then deleted — a string of posts ripping the US for having sent 'handouts' to Israel in the past and for previously downplaying the threat of Tehran getting a nuclear weapon. Within a half-hour of President Trump announcing successful US airstrikes on Iranian nuclear facilities Saturday night, Kloster wrote on X, 'I apologize and will never again doubt the power of the deep state.' Advertisement 7 Top Trump administration staffer Andrew Kloster posted views on X within a half hour of the president announcing successful US airstrikes on Iranian nuclear facilities Saturday night. Andrew Kloster/X 7 'I think it was just kind of pointless,' Kloster added Sunday in a response to an X user. Andrew Kloster/X In a response to an X user saying that 'Iran's nuclear sites being crushed seems a long-term benefit for the US,' Kloster wrote, 'I think it was just kind of pointless.' Advertisement He also boosted a post from Vish Burra, disgraced former New York Rep. George Santos' ex-director of operations, that referred to Israel's conflict with Iran as a 'tribal squabble' after Tehran broke a cease-fire Trump secured Monday night. The posts — still visible as of Tuesday morning — have since been deleted. 7 Kloster's commentary is extremely unusual — due in part to the fact that he can be fired at will as a political appointee. ARKloster/X The senior official's candid commentary is extremely unusual — due in part to the fact that he can be fired at will as a political appointee. Advertisement OPM also has a role in implementing Trump's 'Schedule F' directive to ensure that non-political appointees in the federal bureaucracy are upholding the president's policies. In April, Trump tweeted that pursuant to one of his Day One executive orders, all career government employees would need to 'be held to the highest standards of conduct and performance. 7 The Trump official also boosted another post that referred to Israel's conflict with Iran as a 'tribal squabble.' Andrew Kloster/X 'If these government workers refuse to advance the policy interests of the President, or are engaging in corrupt behavior, they should no longer have a job,' Trump added. Advertisement Kloster's posts reflected the broad unease among Trump's non-interventionist supporters who fear that US involvement in bombing Iran will trigger a prolonged conflict in the region, sap trillions of dollars more from the US Treasury and result in American deaths — after prior US interventions turned into quagmires in Afghanistan, Iraq and Syria. White House press secretary Karoline Leavitt had urged the president's jittery MAGA base ahead of the bombing mission to 'trust in Trump' to secure 'peace through strength.' 7 Kloster's posts reflect the broad unease among Trump's non-interventionist supporters who fear US involvement in bombing Iran could trigger a prolonged conflict in the region. Planet Labs PBC/AFP via Getty Images Just two days after his unprecedented attack on Iran, Trump swiftly returned to his anti-war messaging — brokering a cease-fire Monday and then strong-arming both sides after violations Tuesday. A source close to the White House described Kloster's tweets as foolish. Kloster worked at the White House Office of Presidential Personnel during the final year of Trump's first term and also as a lawyer for then-Florida Rep. Matt Gaetz's congressional office from February 2023 until his resignation in November. He also had stints as deputy general counsel and later acting general counsel in OPM during the first Trump administration as well as in senior positions in the Department of Transportation and the Environmental Protection Agency. 7 Just two days after his unprecedented attack on Iran, Trump swiftly returned to his anti-war messaging. via REUTERS Advertisement 7 The US used B-2 bombers to help nail Iran over the weekend. AP The tweets are just the latest drama surrounding Trump appointees put in charge of filling his administration. Presidential Personnel Director Sergio Gor allegedly sparked Trump's feud this month with Elon Musk. Sources also revealed that Gor, the top administration official in charge of vetting job applicants, had not submitted paperwork for a standard government security clearance and that despite saying he's from Malta was not born on the Mediterranean island. Advertisement Kloster has been described by sources close to the White House as a close friend and ally of Gor. Kloster did not respond to Post requests for comment. The White House declined to comment.
Business Standard
18-06-2025
- Business
- Business Standard
Indo Eco (India) reports standalone net profit of Rs 0.01 crore in the March 2025 quarter
Sales reported at Rs 0.03 crore Net profit of Indo Eco (India) reported to Rs 0.01 crore in the quarter ended March 2025. There were no net profit/loss reported during the previous quarter ended March 2024. Sales remain constant at Rs 0.03 crore in the quarter ended March 2025 and also during the previous quarter ended March 2024. For the full year,net profit reported to Rs 0.01 crore in the year ended March 2025 as against net loss of Rs 0.01 crore during the previous year ended March 2024. Sales remain constant at Rs 0.12 crore in the year ended March 2025 and also during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 0.030.03 0 0.120.12 0 OPM % 33.330 - 8.33-8.33 - PBDT 0.010 0 0.01-0.01 LP PBT 0.010 0 0.01-0.01 LP NP 0.010 0 0.01-0.01 LP
Forbes
17-06-2025
- Business
- Forbes
The OPM Mirage: How Online Program Managers Are Eroding Higher Education From Within
Close-up of a mortarboard and degree certificate put on the table. Education stock photo As an educator, I am inundated with daily ads for Georgetown's Professional Masters Programs. They are extensive and they are expensive. They are designed for mid-career professionals looking for training either in their present field or beginning a new one. There are four areas of study. 'Business and Management' has the most degree options, including 'Higher Ed Administration', 'Project Management', and 'Supply Change Management' among others. Technology and Security' has degree offerings in 'Cybersecurity Risk Management' and 'Emergency and Disaster Management' Other areas include Marketing and Communications and Real Estate. Students at Georgetown can access the courses on-line, on-campus or through something called 'executive format.' They all cost around $50,000 and take 2-5 years to complete. I don't know if I could have put together a more thorough and comprehensive list of offerings of training to address the needs of administrative and management professionals in the 21st century. Yet, as Georgetown University aggressively expands its professional master's degrees through OPM giants like 2U, it's worth asking: Are students get what they pay for for on-line programs managed by OPM's OPMs are often presented as mutual collaborators, sharing risk with universities to launch online programs. But this ignores their extractive financial models. OPMs typically take 50–60% of tuition revenue in exchange for upfront marketing and tech investments—a deal that siphons resources away from educational quality. As Ryan Craig notes in Forbe's article "Mastercrash", this revenue-sharing creates perverse incentives: OPMs prioritize enrollment growth over student outcomes. Many of the degrees are in lower paying non-profit professions where the ROI is limited. As reported by Lisa Bannon and Andrea Fuller in a 2021 WSJ article , universities like USC face lawsuits alleging their $115,000 online social work master's—bankrolled by 2U—misled students about career prospects. When OPMs control recruitment, curriculum, and delivery, universities abdicate their educational mission. As I wrote in "The Master's Degree Ripoff", many programs—especially in emerging fields like data science—are designed by OPMs to maximize enrollments. Some OPMs may be expanding access to non-traditional learners, but not without significant cost. These companies target precisely the students most susceptible to debt traps: working adults seeking career advancement. As Marc Bousquet argues in "The Great Master's Degree Swindle", OPMs exploit the "credential arms race," pushing degrees with dubious ROI. In Kevin Carey's article in the Huff Post, The Capitalist Takeover of College, institutions like Walden University (run by OPM Adtalem), graduate from low-value programs and face loan default rates up to 20% . As Lauren Coffey notes in Inside Higher Ed, on-line college enrollment continues to decline to pre-pandemic levels. Universities have begun to reclaim their on-line course as Arizona State and Southern New Hampshire have done. Regulatory enforcement of the 50% rule and prosecuting deceptive marketing—are essential. It is hard to hold the OPM's accountable, for they are providing what the colleges are seeking: Using their brand to extract as much tuition revenue as possible at the lowest cost without a high focus on the expected ROI. Universities are trading their academic reputation for short-term revenue. These on-line masters programs are clearly quite distinct from their traditional masters degrees. Colleges with strong name recognition use this to be able to charge similar tuition and fees for on-line programs as traditional brick-and-mortar courses, at a fraction of the cost. Until schools break this Faustian bargain, the higher education 'ripoff' will continue.
