Latest news with #SAT
&w=3840&q=100)
Business Standard
21 hours ago
- Business
- Business Standard
Sebi tells Linde: No room for word games in related party norms definition
The market regulator has taken a strong stand before the Securities Appellate Tribunal (SAT) in its ongoing dispute with multinational industrial gases firm Linde India, providing a comprehensive interpretation of the term 'related party transaction' (RPT) under Listing Obligations and Disclosure Requirements (LODR) Regulations. The Securities and Exchange Board of India (Sebi) has asserted there is no legal distinction between 'related party transaction' and 'transaction with a related party' under LODR. According to Sebi's submission, both expressions are 'used interchangeably' and should be treated as synonymous for compliance and enforcement. Business Standard has seen the copy of Sebi's response to SAT dated July 11. Sebi's views assume significance as the long-drawn battle over Linde India's RPTs and their valuation exercise draws to a possible close with the SAT reserving the order in the matter. Both Sebi and public shareholders have accused Linde India of indulging in word play to classify transactions with its arm Praxair India as 'non-material' to escape shareholder scrutiny. Emails sent to Sebi and Linde were not answered. RPTs are deemed to be material if their value during a financial year exceeds 10 per cent of the company's turnover in the previous financial year. Linde India says that only transactions executed under a 'common contract' should be considered while determining this 10 per cent threshold. Sebi had earlier underscored that market standards require aggregating all RPTs with a particular related party, irrespective of contract structure or grouping In its latest submission, Sebi directly counters Linde India's claim that 'related party transaction' and 'transaction with a related party' have distinct meanings in the regulations. The market regulator has argued that accepting Linde's view would lead to 'anomalies and absurdities', potentially undermining the intent behind disclosure thresholds and materiality requirements. Sebi notes that the provision to Regulation 23(1), which uses the phrase 'transaction with a related party,' is meant to clarify when such transactions cross materiality thresholds, not to introduce a separate definition. Among Linde India's top public shareholders are domestic mutual funds, which hold 6.17 per cent, and individual investors, who own over 12 per cent. Linde India's promoter, BOC Group of UK, holds a 75 per cent stake in the company. In 2018, the promoter had attempted to take Linde India private, but the delisting bid failed. Experts said the SAT judgement will be closely watched by industry stakeholders as it could set important precedents for defining and disclosing related party transactions — a crucial element of corporate governance and transparency for publicly listed companies.
Time of India
2 days ago
- Business
- Time of India
Rs 1.29 crore salary in US or stay in India for his kids? Father's American dream meets fear of visa risks
Relocating abroad for a better future has long been a dream for many Indian families. But when the offer comes mid-career—with school-going children and a settled life in India—the decision becomes far more complicated. A recent Reddit post brought this dilemma into focus when a man in his 40s asked whether he should accept a company-sponsored transfer to Dallas, USA, with an annual salary of $150,000 (roughly Rs 1.29 crore). The catch? His primary concern wasn't money—it was whether the move would genuinely benefit his children's education and future. In his post, the man explained that his children are in 9th and 7th grades, and he hoped the relocation would give them better academic opportunities. However, several Reddit users quickly pointed out that moving at this stage might bring more complications than benefits. Many cited the growing backlog in EB1 green card processing, warning that the elder child could 'age out' of dependent visa eligibility before securing permanent residency—placing them in a state of uncertainty regarding future education and work rights in the U.S. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare MBA MCA Others Cybersecurity Technology Data Science Finance PGDM others Project Management Healthcare Product Management Leadership Artificial Intelligence Operations Management Data Science Degree Digital Marketing Data Analytics Management Public Policy Design Thinking CXO Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Several users also flagged the major differences between the Indian and U.S. school systems. Unlike India's structured entrance exams, the U.S. college admissions process involves standardized tests like the SAT, personal essays, and recommendation letters, which can be difficult to navigate for newcomers. They added that students moving in late schooling years often face cultural shock and limited time to adapt. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Financial Limitations Despite a High Salary Though the Rs 1.29 crore salary may sound attractive, users argued that it's not enough to live comfortably in Dallas while also saving for future college expenses. With suburban rent ranging from $1,800 to $2,400 per month and additional expenses like healthcare and schooling, the financial margin would be tight for a family of four. Moreover, L1 visa holders cannot change employers easily, limiting career flexibility. Some noted that unless the children secure green cards, they may be subject to international student tuition rates in college, which are significantly higher than in-state fees. Beyond logistical and financial concerns, the emotional toll of moving was also widely discussed. One Redditor pointed out that uprooting the family at this point could sever long-established friendships and support networks. For children, leaving behind familiar surroundings and entering an entirely new education and social environment could be mentally and emotionally taxing. Interestingly, others noted that Dallas—often jokingly called 'Dallaspuram' for its large Indian community—might not offer the cultural exposure the father was hoping for. While integration into a Desi-friendly environment could ease the transition, it might also carry its own pressures and expectations. Testing the Waters Before a Full Move A few users offered a more measured approach, suggesting the father move alone initially for a few months. This way, he could better understand life in the U.S., evaluate the schooling system, and assess whether the transition is worth it before moving his entire family. The viral Reddit post highlights a growing tension among Indian professionals: the desire to give children the best opportunities abroad weighed against the risks of disruption and visa uncertainty. While a move to the U.S. can open new doors, it can also introduce unforeseen challenges—especially when undertaken for reasons beyond just money.
Chicago Tribune
2 days ago
- General
- Chicago Tribune
Indiana SAT results show students vexed by math, but increase reading and writing scores
Indiana juniors who took the state-required SAT exam improved their reading and writing scores, while posting a slight improvement in math. The 2024-25 scores on the SAT taken by 81,620 juniors showed a 2.7% improvement on the evidence-based reading and writing portion, but just a slight math score improvement from last year. The Indiana State Board of Education reviewed the scores last week after their release. A state law requires students to take a national college entrance exam and receive a passing score no lower than the national cut score. This year's 'at college-ready' benchmark score for reading and writing is 480, while the math score is 530. The College Board administers the SAT. In reading and writing, 54.5% of students scored at or above the college-ready benchmark but in math, just 25.4% received passing scores, compared to 25.2% last year. The pass rate for both reading/writing and math was 24.5%. State assessment guidelines will change next year, as the state board develops a new grading system in line with the state's new diploma standards, effective for the Class of 2029, who begin ninth grade year this fall. Students can choose from a diploma that offers three readiness seals — college-bound, workforce employment, and military enlistment. Under the new model, juniors will still be required to take the SAT, but the scores will only be used toward graduation if a student chooses that option. Board member B.J. Watts said last week he wasn't too concerned about the low math scores because it's likely many of the juniors who took the exam weren't planning on going to college. 'If we only pulled out students who are college-bound, scores change drastically. 'Students may not see their place in that test,' he said. Lake Central High School, one of the largest traditional public schools in Northwest Indiana, with nearly 3,000 students, had the most students passing both portions of the SAT at 51.1%. Its students also had the top math pass rate at 52.8%. Among charter schools, the Hammond Academy for Science and Technology (HAST) had the highest pass rate for both subjects at 21.3%. Among private schools, Illiana Christian had the top pass rate for both subjects at 57.6%, including 59.25% of juniors passing the math portionEBRW Math Both State 54.5% 25.4% 24.4% Lake County Calumet New Tech 23.6% 4.9% 2.1% Crown Point 72% 39.9% 38.7% East Chicago 31% 5% 4.2% Gary West Side 20.5% 9.1% 3.8% Griffith 54.8% 11.5% 11.5% Hammond Central 23.8% 2.6% 2.6% Hammond Morton 22.5% 1.7% 1.7% Hanover Central 69.4% 31.6% 30.1% Highland 59.4% 21.2% 20.3% Hobart 53.8% 19% 17.7% Lake Central 73.9% 52.8% 51.1% Lake Station 31.3% 2.5% 1.3% Lowell 56.3% 21.6% 21.2% Merrillville 37.4% 13.1% 12% Munster 83.1% 46.6% 46.4% Whiting 37.5% 18.2% 14.8% Porter County Boone Grove 71% 35.5% 34.4% Chesterton 69.1% 39.5% 38.9% Hebron 53.3% 16.1% 14.9% Kouts 56.4% 27.3% 25.5% Morgan 71% 38.7% 38.7% NWI Online School (Duneland) 33.3% 4.8% 4.8% Portage 43.4% 16% 14.2% Valparaiso 70.9% 38.9% 38.1% Washington Twp. 81.5% 29.2% 27.7% Wheeler 60.7% 39.3% 35.7% Charter schools 21st Century Charter 25.7% 2.7% 2.7% Gary Lighthouse 10.2% 3.7% 1.9% Gary Middle College 5.3% 0% 0% HAST (Hammond) 56.3% 21.3% 21.3% Neighbors New Vistas 20.8% 4.2% 4.2% Steel City Academy 54.2% 0% 0% Thea Bowman 26.5% 0% 0% Private schools Andrean 81.7% 40.9% 39.1% Bishop Noll 69.7% 22.9% 22.3% Calumet Christian 87.5% 18.8% 18.8% Hammond Baptist 74.2% 29% 29% Illiana Christian 84.8% 59.2% 57.6% Marquette 77.8% 47.6% 44.4% Portage Christian 63.6% 27.3% 22.7% Victory Christian 79.2% 29.2% 29.2% *Indiana Department of Education
Yahoo
3 days ago
- General
- Yahoo
Indiana SAT scores tick up slightly but still trail college-ready goals
New data shows about a quarter of Indiana students who took the SAT in 2025 met college-readiness benchmarks on both the reading and writing and math portions of the exam. (Getty Images) New SAT results showed more Hoosier students meeting college-readiness benchmarks in reading, but overall scores remain low — especially in math. More than 81,000 Indiana high school students took the test in 2024-25. Most of those were juniors — students slated to graduate in spring 2026. Results showed slight improvement on the SAT this year in both the evidence-based reading and writing and math sections. In reading and writing, the share of students scoring at or above the college-ready threshold rose to 54.5%, up from 51.8% the year before and 50.5% in 2023. A greater number of students continued to score in the 'below college-ready' category for math, however. Just 25.2% of test-takers earned passing scores in 2025. About 24.5% of Indiana students who took the SAT during the last academic year met the readiness benchmark on both subject portions, according to the Indiana Department of Education. That's a 0.3% increase compared to last year, but still 4% down from 2023. 'We still have a large number of students in that below-college-ready group,' said Lynn Schemel, IDOE's chief academic officer. 'We want to move that … in the (right) direction … but we have more work to do.' The new test results were released last week and discussed by the State Board of Education. Data from the latest round of ILEARN testing was also published. State law requires IDOE to administer a national college entrance exam to high school students before graduation. The SAT includes math, reading and writing sections. The assessment, administered by the College Board, scores students as 'At College-Ready,' 'Approaching College-Ready,' or 'Below College-Ready,' depending on their performance. A student who scores 'Approaching' with one more year remaining in high school is expected to be at 'At College-Ready' by graduation. Students who score at or above the benchmark have a 75% chance of earning at least a C in their first semester of credit-bearing college courses in that subject area, IDOE officials said. As a board, we've talked a lot about what skills students need in high school. Does the SAT fit that? I think that's a conversation we'll continue to have. – Indiana Education Secretary Katie Jenner Of the 81,620 students who took the reading and writing assessment in 2025, more than half met the college-ready benchmark. About 36.4% of students were approaching a passing score, while 9.2% remained below. In math, 21.6% of students were 'approaching' college-readiness, and 53% were below the readiness benchmark. That's a decline from 2024, when roughly 52.8% of test-takers were below college-ready levels, and from 45.2% who trailed the benchmark in 2023. About 25% of students posted college-ready math scores in 2024. IDOE data indicates 30.7% of students who took the SAT were college-ready in math in 2023. '(The latest data) underscores the urgency of the work we're doing,' Schemel said, referencing new instructional resources and educational screeners designed to improve foundational math skills. The state, she noted, is currently building math support systems for students in grades K–2 and 9–12 to mirror recent literacy investments made for elementary and middle school grades. Board members acknowledged the need for additional math support, but some questioned whether the SAT is the right tool to evaluate all progress among all Indiana students, especially those not planning to attend college. 'This is a college-ready exam, and we administer it to students who aren't going to college,' said board member B.J. Watts. 'Let's be honest — it's not important to them. That doesn't mean they don't have other skills where they shine. But that's not going to show up here, at least not yet.' Indiana ILEARN scores show continued growth in math — but reading levels stay flat Indiana Education Secretary Katie Jenner echoed the need for continued discussion. 'As a board, we've talked a lot about what skills students need in high school,' Jenner said. 'Does the SAT fit that? I think that's a conversation we'll continue to have.' Education officials further pointed to a wave of reforms aimed at supporting students earlier in their education, like numeracy screeners, teacher training in evidence-based instruction methods, and math intervention plans. All of those efforts are still ramping up, Schemel said. 'We're trying to wrap our arms around the standards at the high school level now, too,' Hurst said. 'That includes what students are getting in their courses before they even get to this SAT moment.' Jenner added that SAT scores are likely to evolve more as Indiana rolls out new pathways to graduation. Under the state's new high school diploma model — which is set to take effect for all schools by 2029 — all juniors will still be required by law to take the SAT, but scores are only used toward graduation if a student chooses that option under one of the college-bound or employment-readiness tracks, or 'seals.' 'We're maximizing the four years of high school,' she said. 'Whether students pursue enrollment, enlistment or employment, our work has to prepare them for all three.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Solve the daily Crossword
Yahoo
5 days ago
- Entertainment
- Yahoo
With her app Smash, Kesha can be whoever she wants – even a tech CEO
Kesha – yes, brush my teeth with a bottle of Jack Kesha – is now a startup founder. But if you think her journey from raunchy pop star to CEO is unexpected, then you haven't been paying attention. Kesha has always embraced contradictions. She exploded onto the pop scene in 2010 with irreverent ear candy like 'Blah Blah Blah' and 'TiK ToK,' stylizing her name with a dollar sign despite throwing shade at the egregious wealth of Hollywood. She didn't let people dismiss her as a one-dimensional, glitter-clad party girl. As beleaguered high schoolers studied for exams amid Kesha's rise to fame, they whispered in frustration about how the world's most famous party girl got a near-perfect score on the SAT, but turned down a full-ride to Barnard College to sing about peeing in champagne bottles. The biggest contradiction of Kesha's story is that despite living the dream of a pop star on the surface, her years in the spotlight were nightmarish behind the scenes. Now, drawing from her own experience suffering at the hands of predatory record contracts, Kesha is building an app called Smash, which is a way for musicians to find one another, make music together, and establish clear, artist-friendly contracts among collaborators. Smash aims to set itself apart by using a built-in system to generate contracts between artists. The terms of the contracts depend on what each artist decides — for example, a musician may decide to license a beat for set fee, or request a percentage of royalties over time. Smash would fund itself by taking a small cut of payments made through the app. 'One of the pieces of leverage, especially over younger music creators, is you need a way into the club,' Kesha's brother and Smash co-founder Lagan Sebert told TechCrunch. 'With Smash, we want to give music creators the keys to get into this club of professionals and other creators without them feeling like they have to sign anything away, or make any large decisions about the rest of their lives.' After establishing herself as a powerhouse pop star, Kesha sued her producer Dr. Luke in 2014 for alleged sexual, physical, and emotional abuse. He immediately countersued her for defamation, sparking a high-profile legal battle and reckoning with the dark side of pop music. Though Kesha sought to get out of her recording contract with Dr. Luke, the court ruled against her, forcing her to release three more albums with him. It was only this month — on July 4, a date chosen very intentionally — that Kesha released an album without Dr. Luke for the first time. But regaining her own artistic agency isn't enough. Now that she is a fully independent artist, she wants to help ensure that other young musicians don't fall victim to exploitative record deals like she did. 'One of the things that really motivated her was when she went through this long legal battle to regain the rights to her voice, regain rights to her music,' Sebert said. 'I think the motivation behind Smash more than anything was to try to give music creators access to the community they need to create music independently.' Building the Band If Kesha and her brother were going to build an app, they were going to need some technological expertise. Years ago, Kesha attended an ACTAI Ventures event and met Lars Rasmussen, who co-founded Google Maps and was one of the first investors in design unicorn Canva. The two stayed in touch, and when it came time to build Smash, Rasmussen introduced her to Alan Cannistraro, who would become the app's CTO. Cannistraro spent over 12 years at Apple, where he worked on products for creatives like Final Cut; he also managed a team of engineers to build the first ever apps for iOS, like Remote, iBooks, iTunes, and Podcasts. He went on to start Rheo, a social video startup, but he has always had an interest in music. 'In the late '90s, when my friends were all using Napster, I was saying to them, 'What the hell, you like this music, why are you screwing the artist?'' Cannistraro told TechCrunch. 'It's always just been in my value system that artists need to be supported.' When Kesha, her brother Lagan, and Cannistraro started working together, Rasmussen became one of their first investors. Kesha even announced the app as part of Rasmussen's Panathēnea festival in Greece. 'Smash is a community platform for music creators. It's a place where you can go to connect, to create, and to hire, all while retaining the rights to what you create,' Kesha said at the festival. 'The goal is to shift the power back to the hands of the creators.' 'The contracting is safe — it's all transparent, and then you get to choose, and you get consent over where your art and where your voice goes, and how it goes into the world, all while retaining the rights to what you have just created,' she added. The Smash app remains a work in progress, intending to open to some artists later this year. But to test some of the tech tools that the company has created thus far, Smash hosted a contest where artists could submit remixes of Kesha's song 'Boy Crazy' — the five winners of the contest will have their remixes released on Kesha's record label for what Sebert calls an 'industry standard remix fee.' 'I regained the rights to my voice back for the first time in my adult life about one year ago, as a 37-year-old woman,' Kesha said at Panathēnea. 'Predatory deals like that are normal.' 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
