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Jimmy Carter, 39th US president, dies at 100Delhi University’s academic council on Friday approved the introduction of courses on Viksit Bharat (developed India) and the Bhagavad Gita amid dissent by some members on their content. At the meeting, DU vice chancellor also directed principals and directors of all colleges to settle all promotion cases by February 28 next year, an issue raised by several members. In other important decisions, the key panel also approved the implementation of the National Education Policy (NEP) 2020 in postgraduate programmes, PhD supervisions by college teachers, and reservation of one seat in each postgraduate programme for single girl child. The university already reserves one seat per course for single girl child at the undergraduate level since from academic year 2023-24. “Now the university will also introduce the policy in the PG level,” said a DU official. Following the approval of the implementation of NEP at PG level, the official added, “The draft of Postgraduate Curriculum Framework 2024 (PGCF 2024), based on NEP 2020, was also approved after thorough discussion.” However, a committee member protested the new PG curriculum framework. “The PGCF structure is highly problematic, both in terms of structure as well as content and it will prove to be a self-defeating exercise for both students and teachers,” Mithuraaj Dhusiya, an AC member, said. On the approval of some new courses, Dhusiya said, “One value addition course on Viksit Bharat and four courses on Bhagavd Gita were passed as well. We have submitted a dissent note, expressing concern, as these courses neither enhance meaningful value nor provide substantial academic content. Instead, they impose additional burdens on students without offering clear benefits.” Several other issues were also raised by AC members, including promotions, restoration of WUS facilities for all teaching and non-teaching staff which had been restricted to university faculty and non-faculty members only, and reasons to withdraw from CUET, among others. “There had been some issues regarding promotions in some colleges as well, which was brought up in the meeting,” said Biswajit Mohanty, another AC member. On the issue of promotions, a DU press release said: “...Principals and directors (of colleges) have been requested to take necessary steps to settle all the pending cases of promotion of teaching staff in the college and institutes. However, if the colleges and institutions fail to complete the promotion process by February 28, 2025, they will have to obtain explicit approval from the Vice Chancellor for extension of the above deadline.” According to the release, a new four-storey building for the DU health centre is under construction, and the number of doctors will be increased as well. “A hospital of railways has also been affiliated to DU with the condition that it will provide medical facilities to all the teaching and non-teaching staff of DU at par with the railway employees,” said an official, addressing concerns of members regarding the availability of health facilities. The recommendations of the Governing Body of the Centre for Hindu Studies to start PhD in Hindu Studies from the academic session 2025-2026 was also accepted and approved by AC. Along with this, the recommendations of the oversight committee to increase the admission in DM (Neuroanaesthesia) course at GB Pant Institute of PG Education & Research (GIPMER) from two to four seats from academic session 2025-2026 were also approved. Further, admissions in BSc (Medical Technology) Radiology course at Lady Hardinge Medical College (LHMC) from academic session 2025-2026 was also approved. Mohanty added that a committee looking into PhD supervision by college teachers also presented their findings. “It was unanimously rejected. So, there will probably be a separate meeting on that after February,” he said.
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Franklin Resources Inc. raised its holdings in Kadant Inc. ( NYSE:KAI – Free Report ) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,510 shares of the industrial products company’s stock after buying an additional 44 shares during the quarter. Franklin Resources Inc.’s holdings in Kadant were worth $1,483,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of KAI. FMR LLC boosted its holdings in shares of Kadant by 1.1% in the 3rd quarter. FMR LLC now owns 144,344 shares of the industrial products company’s stock valued at $48,788,000 after purchasing an additional 1,629 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Kadant by 133.3% in the second quarter. Hsbc Holdings PLC now owns 3,066 shares of the industrial products company’s stock valued at $902,000 after acquiring an additional 1,752 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Kadant by 16.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 793 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 110 shares during the last quarter. Synovus Financial Corp purchased a new stake in Kadant during the third quarter valued at about $585,000. Finally, Intech Investment Management LLC acquired a new stake in Kadant during the third quarter worth about $806,000. Institutional investors and hedge funds own 96.13% of the company’s stock. Analyst Ratings Changes Separately, Barrington Research lifted their price objective on Kadant from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Kadant Stock Performance Shares of KAI stock opened at $350.80 on Friday. Kadant Inc. has a 52 week low of $249.51 and a 52 week high of $429.95. The company has a market cap of $4.12 billion, a PE ratio of 35.91 and a beta of 1.25. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $374.06 and its 200-day simple moving average is $335.54. Kadant ( NYSE:KAI – Get Free Report ) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.41. The company had revenue of $271.61 million during the quarter, compared to the consensus estimate of $266.38 million. Kadant had a return on equity of 15.10% and a net margin of 11.12%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 earnings per share. As a group, equities research analysts anticipate that Kadant Inc. will post 10.11 EPS for the current year. Kadant Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, January 9th. Kadant’s dividend payout ratio (DPR) is 13.10%. Insider Activity In other news, Director Thomas C. Leonard sold 152 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total transaction of $60,527.92. Following the completion of the sale, the director now owns 4,250 shares of the company’s stock, valued at approximately $1,692,392.50. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, VP Fredrik H. Westerhout sold 600 shares of Kadant stock in a transaction on Monday, November 18th. The stock was sold at an average price of $397.25, for a total transaction of $238,350.00. Following the completion of the sale, the vice president now owns 1,437 shares of the company’s stock, valued at approximately $570,848.25. This trade represents a 29.46 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 1,052 shares of company stock worth $416,655 over the last 90 days. Company insiders own 1.40% of the company’s stock. Kadant Company Profile ( Free Report ) Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. Further Reading Want to see what other hedge funds are holding KAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kadant Inc. ( NYSE:KAI – Free Report ). Receive News & Ratings for Kadant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant and related companies with MarketBeat.com's FREE daily email newsletter .Everhart Financial Group Inc. Has $22.21 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)