
Omnicom Group is in advanced negotiations to acquire direct U.S. rival Interpublic Group in a deal that could merge two Madison Avenue giants and fundamentally recalibrate the advertising industry as it grapples with the ongoing decline of many of its traditional practices. The two companies could announce as early as Monday that Omnicom plans to purchase Interpublic in an all-stock deal that could value the latter at between $13 billion and $14 billion without debt, according to a person familiar with the situation. Representatives for Omnicom and Interpublic did not respond to queries seeking comment. The Wall Street Journal previously reported on the pact. The pact will bolster Omnicom's standing among a handful of large holding companies that dominate the sector, but have been struggling to develop new lines of revenue as the industry's best-known products — glitzy TV commercials and print ads — are seen as less effective in spurring consumer purchases and response. Omnicom is known for its longstanding relationships with blue-chip marketers such as PepsiCo and Apple, and houses units such as BBDO, TBWA Worldwide and Omnicom... Brian Steinberg
Nikola Jokic continues to bloat the stat sheet, now becoming proficient in the quadruple-double: scoring, rebounding, passing and yelling. What’s going on with the NBA’s best player? I got pushback when for the roster construction in early November and again last week when . One thing is clear: It is becoming increasingly impossible to ignore Jokic’s frustration with his teammates, with the losses, with the wild inconsistency of the 16-12 start. Jokic showed his emotions on multiple occasions during a . The NBA attempted to straight-arm the NFL for relevance with terrific early games, including a Steph Curry-LeBron James classic. Then the Nuggets decided to disappear defensively midway through the fourth quarter of their nightcap. What could have been a fourth straight win instead became another reason to question the makeup of this team after the Suns pulled away with an 11-0 run. Three themes continue to linger 35% of the way through this season: a simmering Jokic, a disappointing Jamal Murray and an unserious bench. First, there is Jokic. He is playing the best basketball of his career, adding DNA accuracy from the 3-point line to his repertoire. He ranks second in points (30.7), and third in rebounds (12.4) and assists (9.4). He is not immune to criticism, as he had defensive issues and lapses through the first two months. But he is not the problem. It is everything around him. And he has verbalized this more than at any other point in his career. Even if you hit the eggnog too hard Wednesday, how could you miss the following sequence? At 8:40 left in the third quarter, Jokic threw both arms in the air in exasperation after a loose ball turned into a Bradley Beal 3-pointer. Soon after, Michael Porter Jr. made a poor kickout pass to Jokic that Beal tipped away. As Jokic began to chase Beal down the court for an inevitable layup, he stretched his arms out and screamed in disgust. Put it this way: He did not appear upset with himself. It is becoming part of a pattern, no longer an isolated incident. Everyone from coach Michael Malone to general manager Calvin Booth and president Josh Kroenke better take notice. The greatest player in the world is losing his patience. Any other modern NBA superstar would have gotten his coach fired or a teammate cut by now. Jokic has forever been a selfless teammate, but this season is testing his limits. Remember, he raised eyebrows on Dec. 3 when asked what he has learned about his team: “That we can surprise in a good way, bad way, everybody. Literally everybody.” Five days later, he after . “In my country, where I’m coming from, after this kind of stretch, you’re gonna get a paycheck that is a little bit less than you are worth,” Jokic said. “Maybe that’s what we need to do.” Are you listening coach, Booth, boss? What is it going to take before changes are made? With Aaron Gordon (calf) facing another absence, it is hard to see things getting easier as the schedule becomes tougher with 21 games in 37 days. How much more can Jokic take before spewing lava? That’s a question to be answered sooner rather than later, it appears. What’s wrong with Murray? That could take longer — everyone on his side continues to preach how he is a slow starter — and the Nuggets no longer have the luxury of time. When Denver decided not to incur luxury tax penalties and trust younger players, it came with an understanding: Murray has to play big. Not just in the playoffs, but every game. Even with improvement lately, the signs remain ominous. Murray is logging a career high in minutes (36.4), while his field goal attempts (15.8) and 3-point percentage (.349) rank their lowest since 2019-20. Wednesday’s loss symbolized his season. He made a couple of breathtaking baskets, but lacked assertiveness — he took 10 shots in 39 minutes, and only two 3s — and is a defensive liability. Maybe the lack of nightly explosiveness traces to injuries — his foot, his ankle — and if that’s the case, I will be the first to acknowledge this context. But right now, he’s not good enough for his max contract. And if this is who he is, the Nuggets have invested $207 million in someone closer to the Bulls’ Coby White than an All-Star. You can tiptoe around it and gloss over the stats if it makes you feel better. But let’s not pretend this is not a thing and won’t remain so until Murray shows offensive aggressiveness and consistency. As for the bench, it is a problem. Peyton Watson and Julian Strawther have yet to turn the corner. And the best reserve is making a case for a promotion. Russell Westbrook is better than Christian Braun right now, as the former Kansas star has fallen into a shooting slump, going 3 for 22 from behind the arc over his last 10 games. So, sure, you can wait to see what kind of season this will be, and cross your fingers leading up to the Feb. 6 trade deadline. But as you hold your breath, ask yourself, how much longer will Jokic hold back?
Inside ancient city dubbed ‘Manhattan of the desert’ with skyscrapers made from MUD now facing risk of collapseFrontView REIT, Inc. ( NYSE:FVR – Get Free Report ) declared a — dividend on Wednesday, November 13th, Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.215 per share on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st. FrontView REIT Stock Down 3.6 % Shares of NYSE FVR opened at $18.20 on Friday. The business’s 50-day simple moving average is $18.98. FrontView REIT has a 1 year low of $17.80 and a 1 year high of $19.76. Insider Activity In other news, CEO Stephen Preston acquired 3,540 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $18.74 per share, for a total transaction of $66,339.60. Following the transaction, the chief executive officer now owns 3,640 shares in the company, valued at $68,213.60. This represents a 3,540.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, major shareholder Alyeska Investment Group, L.P. bought 270,270 shares of the stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $19.11 per share, for a total transaction of $5,164,859.70. Following the acquisition, the insider now owns 1,635,135 shares of the company’s stock, valued at approximately $31,247,429.85. This represents a 19.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Wall Street Analyst Weigh In View Our Latest Report on FVR About FrontView REIT ( Get Free Report ) FrontView REIT specializes in real estate investing. Read More Receive News & Ratings for FrontView REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FrontView REIT and related companies with MarketBeat.com's FREE daily email newsletter .
Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon MuskMid-America Apartment Communities Inc. stock outperforms competitors on strong trading day
Haiti's health minister loses job after deadly gang attack on hospital in capitalCLEVELAND (AP) — Shortly after doing a face-down snow angel, firing a few celebratory snowballs and singing “Jingle Bells” on his way to the media room, Jameis Winston ended his postgame news conference with a simple question. “Am I a Brown yet?” he asked. He is now. And who knows? Maybe for a lot longer than expected. Winston entered Cleveland football folklore on Thursday night by leading the Browns to a 24-19 win over the division rival Pittsburgh Steelers, who had their five-game winning streak stopped. Winston's performance at Huntington Bank Field, which transformed into the world's largest snow globe, not only made him an instantaneous hero in the eyes of Browns fans but added another wrinkle to the team's ever-changing, never-ending quarterback conundrum. In his fourth start since Deshaun Watson's season-ending Achilles tendon injury, Winston made enough big plays to help the Browns (3-8) get a victory that should quiet conjecture about coach Kevin Stefanski's job. Some wins mean more than others. In Cleveland, beating the Steelers is as big as it gets. But beyond any instant gratification, Winston has given the Browns more to consider as they move forward. Watson's future with Cleveland is highly uncertain since it will still be months before the team has a grip on whether he's even an option in 2025, his fourth year since signing a $230 million, fully guaranteed contract that has proven calamitous. It's also possible the Browns will cut ties with Watson. They signed Winston to a one-year contract to be Watson's backup. But the unexpected events of 2024 have changed plans and led to the possibility that the 30-year-old Winston could become Cleveland's full-time QB or a bridge to their next young one. So much is unclear. What's not is that Winston, who leaped into the end zone on fourth-and-2 for a TD to put the Browns ahead 18-6 in the fourth quarter, is a difference maker. With his larger-than-life personality and the joy he shows whether practicing or throwing three touchdown passes, he has lifted the Browns. A man of faith, he's made his teammates believe. Winston has done what Watson couldn't: made the Browns better. “A very, very authentic person,” Stefanski said Friday on a Zoom call. “He’s the same guy every single day. He's the same guy at 5 a.m. as he at 5 p.m. He brings great energy to everything he does, and I think his teammates appreciate that about him.” Winston, who is 2-2 as a starter with wins over the Steelers and Baltimore Ravens, has a knack for inspiring through fiery, preacher-like pregame speeches. But what has impressed the Browns is his ability to stay calm in the storm. “He doesn’t get rattled,” said Myles Garrett, who had three sacks against the Steelers . “He’s just tuned in and focused as anyone I’ve seen at that position. Turn the page. There was a turnover, came back to the sideline, ‘Love you. I’m sorry. We’re going to get it back.’ He was already on to the next one, ‘How can we complete the mission?’ “I have a lot of respect for him. First was from afar and now seeing it on the field in front of me, it’s a blessing to have someone who plays a game with such a passion and want-to. You can’t ask for a better teammate when they take those things to heart and they want to play for you like we’re actually brothers and that’s what we have to attain. That brotherhood.” Winston has done something else Watson couldn't: move the offense. The Browns scored more than 20 points for just the second time this season, and like Joe Flacco a year ago, Winston has shown that Stefanski's system works with a quarterback patient enough to let plays develop and unafraid to take shots downfield. The conditions certainly were a factor, but the Browns were a miserable 1 of 10 on third down, a season-long trend. However, Cleveland converted all four fourth-down tries, including a fourth-and-3 pass from Winston to Jerry Jeudy with 2:36 left that helped set up Nick Chubb's go-ahead TD run. RT Jack Conklin. Garrett outplayed Steelers star T.J. Watt in their rivalry within the rivalry partly because Conklin did a nice job containing Pittsburgh's edge rusher, who was held without a sack and had one tackle for loss. Conklin has made a remarkable comeback since undergoing reconstructive knee surgery last year. Owners Dee and Jimmy Haslam. Their desire to build a dome is well intended, but an indoor game could never come close to matching the surreal setting of Thursday night, when snow swirled throughout the stadium and covered nearly all the yard lines and hash marks. “It was beautiful,” Winston said. WR Cedric Tillman is in the concussion protocol. He had two catches before taking a big hit on the final play of the third quarter. 9 — Consecutive home wins for the Browns in Thursday night games. Three of those have come against Pittsburgh. An extended break before visiting the Denver Broncos on Dec. 2. AP NFL: https://apnews.com/hub/NFL
President Jimmy Carter, the only Georgian to ever occupy the White House, died on Sunday, after spending over a year in hospice care. Carter, who turned 100 on Oct. 1 and is the longest-lived president in American history, died at his home in Plains on Sunday surrounded by family, according to the Carter Center. “My father was a hero, not only to me but to everyone who believes in peace, human rights and unselfish love,” Chip Carter, the former president’s son, said in a statement. “My brothers, sister and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.” Public services are planned for Atlanta and Washington, with a private burial service following in Plains. A full schedule has not yet been released. President Carter and former first lady Rosalynn Carter were beloved residents of Plains, the small town in southwest Georgia where the couple grew up. Rosalynn Carter died Nov. 19, 2023 at 96. Democratic presidential candidate Jimmy Carter embraces his wife Rosalynn after receiving the final news of his victory in the national general election, Nov. 2, 1976. (Hulton Archive/Getty Images) Their affection for one another never seemed to fade during their 77-year marriage, which spanned Carter’s ever-changing career, from peanut farmer to state senator, governor and president, as well as his post-White House roles as diplomat, humanitarian and volunteer. The former president’s passion for helping others and devotion to his faith, family and country garnered praise from Georgia’s political leaders. In a statement, Gov. Brian Kemp praised Carter’s dedication to the state and the nation as well as his humanitarian work and love for the former first lady. “Their family continues to be in our prayers as President Carter is reunited with his beloved wife and the world mourns this native Georgian, former state and national leader, and proud peanut farmer from Plains,” Kemp said. U.S. Sen. Raphael Warnock called Carter a hero, a friend and one of his favorite people, who moved the country “closer toward our highest ideals.” “A former president, he got his hands dirty, literally building people’s homes while helping them build their lives. President Carter was a Matthew 25 Christian. He believed, as I do, that the true test of your faith is the depth of your commitment to the most marginalized members of the human family. I believe he passed that test and has now graduated into immortality. Democracies around the world are stronger and children across the globe are alive today because of President Carter’s work — what a legacy to leave.” U.S. Sen Jon Ossoff said Carter will be remembered for “his commitment to democracy and human rights, his enduring faith, his philanthropic leadership and his deep love of family.” “From Plains to across the state of Georgia, the United States, and around the world, millions will forever admire and appreciate all that President Carter did for the United States and for the global community,” Ossoff said. “The State of Georgia and the United States are better places because of President Jimmy Carter.” As president, he helped broker the Camp David Peace Accords between Israel and Egypt, established diplomatic relations with China, and oversaw the creation of the departments of Energy and Education, among other accomplishments. But he would serve only one term as president, losing to Ronald Reagan in 1980 amid a struggling economy and the Iranian hostage crisis. His popularity increased after leaving the White House, becoming the face of Habitat for Humanity — and even showing up at his namesake build after suffering injuries in a fall — and taking on global crises and strife with his Atlanta-based Carter Center. He won the Nobel Peace Prize in 2002 for “his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Former President Jimmy Carter begins work at a future Habitat for Humanity home in Nashville in 2019. (Courtesy of Habitat for Humanity International) Carter was also a prolific author who was a finalist for the Pulitzer Prize for a memoir about growing up on a Georgia farm in the rural South after the Great Depression and before the civil rights movement. He has won a Grammy three times for his audio books and was nominated another nine times. The Carters returned to their hometown after leaving the White House, moving back into the same modest ranch-style home they first purchased in 1961. A devout Christian, Carter famously continued to teach Sunday School class at Maranatha Baptist Church until 2020, ending a four-decade run that became part of Georgia political lore. The Atlanta-based Carter Center announced Feb. 18, 2023 that Carter had decided to enter hospice care and spend his remaining time at home with his family. The announcement triggered an outpouring of tributes and fond remembrances from Georgians on both sides of the aisle. Carter overcame brain cancer in 2015 and several accidents in recent years. The former president also continued to wield influence in politics – especially in Georgia. He continued to endorse candidates in high-profile races, including Vice President Kamala Harris. His grandson Jason Carter told reporters he was hanging on to cast a ballot for Harris. Carter also threw his endorsement behind top Democrats including Sen. Raphael Warnock and gubernatorial candidate Stacey Abrams — and hosted the Bidens at their home in Plains in 2021. Back in 1976, Biden, then a senator, was one of the first elected officials outside Georgia to back Carter’s presidential run. Georgia Recorder , like Oregon Capital Chronicle, is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Georgia Recorder maintains editorial independence. Contact Editor John McCosh for questions: [email protected] .
BancFirst Co. (NASDAQ:BANF) Plans $0.46 Quarterly Dividend
OSAKA, Japan and MONTREAL , Dec. 5, 2024 /PRNewswire/ -- Ono Pharmaceutical Co., Ltd. (Headquarters: Osaka, Japan ; President: Toichi Takino; "Ono") announced that it has entered into a drug discovery collaboration agreement with Congruence Therapeutics (Headquarters: Montreal, Quebec, Canada ; CEO: Clarissa Desjardins; "Congruence") to generate novel small molecule correctors against multiple protein targets in the oncology area by leveraging Congruence's proprietary drug discovery platform, RevenirTM. Under the terms of the agreement, Congruence will generate small molecule correctors by leveraging Congruence's proprietary drug discovery engine called, RevenirTM. Ono will obtain an exclusive option right to develop, manufacture and commercialize the identified small molecule correctors worldwide. Congruence will be eligible to receive an upfront payment, research expenses, milestone payments based on research and development progress and sales, as well as tiered royalties based on net sales. "We believe that this collaboration with Congruence may help generating novel small molecule correctors for validated targets in the oncology area by leveraging their own technologies in protein dynamics and computational biology, leading to our development pipeline," said Seishi Katsumata , Corporate Officer / Executive Director, Discovery & Research of Ono. "We will be committed to delivering innovative new drugs to cancer patients as soon as possible." "Congruence is thrilled to partner with Ono, which has established itself as a global leader in drug development, particularly in the oncology space. We believe that our RevenirTM platform and capabilities in protein dynamics will accelerate the discovery of novel therapies for compelling targets of interest to both companies," said Sharath Hegde PhD, Chief Scientific Officer of Congruence. About RevenirTM Drug Discovery Platform RevenirTM, Congruence's proprietary computational drug discovery platform, captures the dynamic biophysical changes caused by mutations in proteins, offering unique insights into protein defects and their correction. By examining surface features and a spectrum of biophysical descriptors across an ensemble of protein conformers, RevenirTM predicts small molecule induced correction of the underlying defect. About Congruence Therapeutics Congruence is a computationally-driven biotechnology company building a unique pipeline of transformative small molecule correctors rationally designed to rescue aberrant protein function. Congruence's proprietary scalable platform, RevenirTM, captures the biophysical features of proteins across their conformational ensembles, in order to identify novel allosteric and cryptic pockets which are virtually screened to generate novel chemical matter. For more information, please visit www.congruencetx.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/ono-enters-into-drug-discovery-collaboration-agreement-with-congruence-therapeutics-to-generate-novel-small-molecule-correctors-in-the-oncology-area-302324452.html SOURCE Ono Pharmaceutical co., ltd.
1 / 14 Godrej Consumer Products | Inflationary environment has created pressure on margins. Expect mid-single digit sales growth this quarter. Demand conditions have remained subdued over the last few months. Surge in palm oil and derivatives prices to the extent of 20-30% year-on-year has impacted the soap category, which contributes to about 1/3rd of the total standalone business. Expect Underlying volume growth to be flattish for the standalone business. GAUM will see fourth straight quarter of healthy margins. 2 / 14 Biocon | API facility (Site 2) in Bengaluru gets Voluntary Action Indicated (VAI) status. Surveillance inspection was conducted between September 23-27, 2024. 3 / 14 Welspun Corp | Bags two more orders in the US for the supply of HSAW and supply of coated pipes. Value of cumulative orders received by the US plant until Q3 FY25 has now crossed ₹7,000 crore. Outlook for US markets remains 'extremely positive' for next couple of years. 4 / 14 Suven Pharma | Acquires 56% stake in US-based NJ Bio. Suven proposes to invest a total of $64.4 million, which includes a $15 million primary equity infusion into NJ Bio for growth initiatives. 5 / 14 Poonawalla Fincorp | Dhiraj Saxena resigns as Chief Technology Officer due to harassment from Chief Human Resource Officer (CHRO). 6 / 14 Delta Corp | Revises deal between itself and Deltin Hotels & Resorts. The Hospitality and Real Estate business will be demerged into Delta Penland. There is no change in the share entitlement ratio, which remains at 1:1. 7 / 14 Paytm | Issues clarification on report of selling stake in Japan's PayPay to SoftBank for $250 million. The company said that the board has approved the sale of Stock Acquisition Rights in PayPay to SoftBank for ₹2,364 crore. This transaction will increase the company's cash balance. 8 / 14 Easy Trip Planners | Signs share purchase agreement to acquire 49% stake in Pflege for ₹30 crore. UAE-based Pflege is engaged in the business of Medical Tourism. Will also acquire a 50% stake in Jeewani Hospitality for ₹100 crore and 49% stake in Australia-based Planet Education for ₹39.2 crore. 9 / 14 JSW Energy | Arm gets Letter of Award from NTPC to set up a 400 MW Solar Power Project. 10 / 14 CEAT | To acquire Camso Brand off-Highway tyres and tracks business from Michelin for $225 million. 11 / 14 Bajaj Healthcare | Vadodara-based API manufacturing site gets approval from the Therapeutic Goods Administration, Australia, which is valid for 24 months. The site already has US and EU regulatory approvals. 12 / 14 Star Health Insurance | Gets show cause notice from IRDAI for non-compliance with various guidelines. The company was inspected between January 31-February 11, 2022. Company has been given 21 days to reply with supporting documents. Company said it is in the process of providing adequate replies to alleged violations. The company said that it is confident there will not be any impact but it cannot be predicted with certainty at this stage. 13 / 14 Laurus Labs | Board approves investment of ₹40 crore in Laurus Bio. Board also approves execution of definitive agreements with Eight Roads Venture & F-Prime Capital, who will invest ₹120 crore in Laurus Bio. Shareholding of investors and Laurus Labs in Laurus Bio now stands at 13.73% and 74.64% respectively. Both have right to make additional investment of up to ₹35 crore in Laurus Bio till December 2025. 14 / 14 Reliance Power | Unit Samalkot Power paid in full outstanding interest in default on term loan with Export-Import Bank of the US. Actual amount involved in the default at $15.48 million.CION Investment: Double-Digit Yield Is Safer Than It Seems
US politicians on both sides have reacted to news that former US President Jimmy Carter, who as president brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, has died at age 100. or signup to continue reading Here are some of the immediate comments. PRESIDENT JOE BIDEN AND FIRST LADY JILL BIDEN "Today, America and the world lost an extraordinary leader, statesman and humanitarian. Over six decades, we had the honour of calling Jimmy Carter a dear friend. But, what's extraordinary about Jimmy Carter, though, is that millions of people throughout America and the world who never met him thought of him as a dear friend as well." US PRESIDENT-ELECT DONALD TRUMP "The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans. For that, we all owe him a debt of gratitude. Melania and I are thinking warmly of the Carter Family and their loved ones during this difficult time. We urge everyone to keep them in their hearts and prayers." FORMER US PRESIDENT BILL CLINTON AND FORMER SECRETARY OF STATE HILLARY CLINTON "From his commitment to civil rights as a state senator and governor of Georgia; to his efforts as President to protect our natural resources in the Arctic National Wildlife Refuge, make energy conservation a national priority, return the Panama Canal to Panama, and secure peace between Egypt and Israel at Camp David; to his post-Presidential efforts at the Carter Centre supporting honest elections, advancing peace, combating disease, and promoting democracy; to his and Rosalynn's devotion and hard work at Habitat for Humanity—he worked tirelessly for a better, fairer world." US SENATOR MITCH MCCONNELL "Elaine and I join the Senate and the nation in mourning the passing of our 39th president, Jimmy Carter." "President Carter served during times of tension and uncertainty, both at home and abroad. But his calm spirit and deep faith seemed unshakeable. Jimmy Carter served as our commander-in-chief for four years, but he served as the beloved, unassuming Sunday school teacher at Maranatha Baptist Church in Plains, Georgia for forty. And his humble devotion leaves us little doubt which of those two important roles he prized the most." US HOUSE SPEAKER MIKE JOHNSON "Today, the thoughts of Americans and the prayers of Congress are lifted up on behalf of the Carter family. President Carter's story was one of humble beginnings, and his life is a testament to the boundless opportunities available in this great nation. Because of his work in brokering the Camp David Accords and his advocacy with Habitat for Humanity, the world is a more peaceful place, and more Americans have a place to call home. No one can deny that President Carter led an extraordinary life of service to his country. May he rest in peace." US REPRESENTATIVE MIKE TURNER "I am deeply saddened to learn about the death of President Jimmy Carter. President Carter was a man of integrity who was guided by his faith. I join all Americans in saluting President Carter for his lifetime of service, first as a naval officer, then as a senator in the Georgia State Senate, then as Governor of Georgia, and, finally, as President of the United States. I would like to extend my heartfelt condolences to the Carter family." US SENATOR MARK WARNER "President Carter will be remembered by what he built and left behind for us – a model of service late into life, a tireless devotion to family and philanthropy, and a more peaceful world to call home." Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
The Indian Institute of Technology Bombay (IIT-B) celebrated its annual Alumni Day on Sunday with a grand event recognising remarkable contributions by its alumni and a historic pledge of Rs 21.2 crore by the Silver Jubilee Batch (Class of ’99). The 'Distinguished Service Award', a coveted honour at IIT-B, was presented to three alumni. Rajindra Harcharan Singh, from the Mechanical Engineering batch of 1988, was recognised for his exceptional achievements in his field and continued support to the institute. Sandeep Asthana, from the Chemical Engineering batch of 1990, was lauded for his professional excellence and impactful contributions, while Sudhir Jayram Nikam, from the Chemical Engineering batch of 1993, was honoured for his remarkable career and dedication to IIT-B’s progress. Six alumni received the 'Chapter Service Awards' for their efforts in strengthening alumni networks and supporting the Institute. Recipients included Rajesh Soy, representing the Seattle, USA Chapter; Ranjan Ojha, from the Chicago, USA Chapter; and Shweta Bhandari and Sagar Shah from the Greater New York, USA Chapter. Indian chapters were represented by Sita Mahalakshmi Durvasula, from the Hyderabad Chapter, and Sunay Wagle, from the Pune Chapter. The highlight of the event was the pledge of Rs 21.2 crore by the Silver Jubilee Batch (Class of ’99) for the Legacy Project. The funds will be used to support academic and research initiatives, upgrade infrastructure, and advance IIT-B’s vision of ranking among the world’s top 50 universities by 2030. Director Prof. Shireesh Kedare emphasised the importance of alumni contributions, saying, “Our alumni are a big asset. They not only bring resources but also expertise and industry connections that drive IIT Bombay’s growth,” the institute’s director said. IIT-B also unveiled a "Donor Wall" to honour its top benefactors, whose contributions have established Centres of Excellence, funded Chair Professorships, and enhanced student development initiatives. The day also paid tribute to the Class of 1963, IIT-B’s second graduating batch. Dr. Dhirendranath N. Buragohain, representing the class, shared fond memories of his time at the Institute. The launch of the GO-IIT Bombay Campaign and the presentation of “Project Evergreen,” focusing on student housing, showcased the alumni community’s continued commitment to the Institute. Tribute to former Prime Minister Dr. Manmohan Singh, who passed away on December 26, was also paid during the celebration of the alumni day at IIT-B.