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    How the Trump administration's move will affect Harvard's international students

    The Trump administration's actions against Harvard University's international student enrollment have caused disruption. Government restrictions led to a lawsuit. A judge has temporarily blocked the decision. Harvard's ability to host foreign students is under threat. This affects thousands of students. The university faces demands for records. Grant funding has been cut. The future of international students at Harvard remains uncertain.

    Customs authorities impose Rs 2.76 cr penalties on IndiGo; airline to appeal against orders

    IndiGo faces penalties totaling over Rs 2.76 crore from customs authorities in Ahmedabad and Chennai for alleged customs duty discrepancies. The airline disputes the demands, asserting that it has correctly deposited the duty. IndiGo plans to appeal the orders before the appropriate appellate authority, while InterGlobe Aviation anticipates no significant impact on its financials or operations.

    Coal India arm CMPDI files DRHP with Sebi for an IPO

    Ranchi-based CMPDI, a Coal India subsidiary, filed its draft red herring prospectus for an IPO comprising a 7.14 crore share offer for sale by Coal India. CMPDI, India’s leading coal consultancy, posted Rs 667 crore profit in FY25 with zero debt, aiming for listing to enhance operational autonomy.

    NR Narayana Murthy establishes a 20-year, inflation-adjusted scholarship at IIM Ahmedabad

    Infosys founder NR Narayana Murthy has established an inflation-adjusted scholarship at IIMA, covering tuition, hostel, and course expenses for the PGP program. Named after Professor Jaswant G Krishnayya, it will be awarded annually to the top student. Murthy's commitment spans 20 years, with an estimated payout of Rs 12 crore, facilitated by the IIMA Endowment Fund.

    Borana Weaves shares list at 13% premium over IPO price

    Borana Weaves is set to debut on the stock exchanges with a strong grey market premium of Rs 40, indicating a potential 18.52% listing gain. The IPO was heavily oversubscribed, reflecting robust investor confidence in the company's expansion plans and synthetic fabric manufacturing business. Proceeds from the IPO will fund a new facility in Surat and support working capital needs.

    Coal India unit CMPDIL files for initial public offering

    Central Mine Planning and Design Institute Limited, a Coal India unit, has filed for an IPO. Coal India will sell about 71.4 million shares. The company provides consultancy services for mine planning. SBI Capital Markets and IDBI Capital Markets are managing the IPO. Many companies are delaying their IPO plans for 2025.

    The Economic Times
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