Manipal Group

OpenAI on Wednesday announced partnerships with leading Indian universities to embed artificial intelligence across management, health, engineering, creative and multidisciplinary education, aiming to build AI-ready talent for a tech-driven economy. The first cohort includes Indian Institute of Technology Delhi, Indian Institute of Management Ahmedabad, All India Institute of Medical Sciences New Delhi, Manipal Academy of Higher Education, University of Petroleum and Energy Studies (UPES), and Pearl Academy, OpenAI said in a statement. The initiative will support over 1 lakh students, faculty and staff over the next year, moving beyond basic access to AI tools toward campus-wide integration anchored in responsible use and academic integrity. Raghav Gupta, Head of Education, OpenAI India, said, "AI literacy is essential to building a future-ready generation. Studies project that by 2030, nearly 40 per cent of the core skills workers rely on today will change, driven largely by ...

The education and healthcare major has filed an EOI to join the resolution process for Think & Learn

Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO

The capital was arranged by KKR Capital Markets and is being anchored by the firm's private credit and insurance platforms

Manipal Hospitals, which acquired an 84 per cent stake in AMRI Hospitals in September 2023 for around Rs 2,300 crore, announced brand integration on Tuesday

Pai recently invested $168 million (Rs 1,400 crore) in edtech firm Byju's test-prep subsidiary AESL and was in discussion to invest about $350 million in Byju's in both equity and debt

Besides Pai's commitment, PharmEasy raised the remaining Rs 2,200 crore from existing shareholders

Given the past and the present, it was not a surprise that early this year Raveendran reached out to Pai and the outcome has been prompt

Industry sources said that Pai of Manipal Group paid out Davidson Kempner in a bilateral debt transaction

Manipal Education and Medical Group Chairman Ranjan Pai has also secured a seat on Byju's subsidiary, Aakash

With this transaction, JSW Ventures has fully exited its stake in Purplle from Fund I and has returned 2.7 times the fund size to its investors so far

The capital from Pai is expected to help Byju's release the pledge on shares of Aakash, which were offered as collateral for the Davidson Kempner loan

Company buys remaining stake in peer after first deal in 2022 gave it 84%

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Raveendran may partially offload his stake for $80-90 mn

The fundraising will be done via a rights issue where the stock will be sold at a 90 per cent discount at Rs 5 per share

The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India). Manipal Health Enterprises Pvt Ltd (MHEPL) operates a chain of multi-speciality hospitals under the brand name 'Manipal Hospitals', while MEMG India is a wholly-owned subsidiary of RSP Trust India and belongs to the Pai family group. In a tweet on Tuesday, CCI said it has approved the "proposed combination involving Manipal Health Enterprises Private Limited and Manipal Education and Medical Group India Private Limited". The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

Bengaluru-based hospital chain is focusing on adding beds - both organically and inorganically - and offering more high-end and complex surgeries for growth and profit

In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward

Pai is charting an ambitious course for his group in his characteristic self-assured and understated manner, writes Anjuli Bhargava