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Airtel Digital TV, the DTH arm of Bharti Airtel, on Tuesday joined hands with <keyword id="8615140" type="COMPANY" weightage="20" keywordseo="Aakash-Educational-Services-Limited">Aakash Educational Services Limited</keyword> (Aakash) to launch a <keyword id="10100772" type="UNKNOWN" weightage="20" keywordseo="dedicated-tv-channel">dedicated TV channel</keyword> -- Aakash Edu TV -- for medical and engineering entrance test preparation. Aakash Edu TV, which is available exclusively on Airtel Digital TV, will provide high-quality coaching sessions to students across India who are preparing for entrance exams such as JEE/Advanced and NEET. Best-in-class faculty of Aakash will teach the students through live interactive classes and help students learn key concepts and solve problems. Starting at just Rs 247 per month, <keyword id="10100773" type="COMPANY" weightage="20" keywordseo="aakash-edu-tv-jee-and-foundation">Aakash Edu TV-JEE and Foundation</keyword> will be available on <keyword id="10100774" type="COMPANY" weightage="20" keywordseo="airtel-dth-channel-number-467">Airtel DTH Channel Number 467</keyword> and Aakash Edu TV-NEET will be available on Airtel DTH Channel Number 478. "This partnership further underscores the high potential for innovation in DTH and improving the lives of our customers by offering value-added digital services," Sunil Taldar, DirectorHomes, Bharti Airtel, said in a statement. The channels are available as Free Preview till October 21, the company said. "This programme transcends geographical boundaries and does away with the dependence on modern gadgets and internet facility," said <keyword id="2777888" type="PERSON" weightage="20" keywordseo="Aakash-Chaudhry">Aakash Chaudhry</keyword>, Director and CEO, Aakash Educational Services Limited (AESL). SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/gst-council-and-states-fail-to-reach-consensus-on-compensation-cess-no-dispute-we-may-have-differences-says-sitharaman/articleshow/78624857.cms">GST council and states fail to reach consensus on compensation cess — 'No dispute, we may have differences,' says Sitharaman</a> <a href="https://www.businessinsider.in/stock-market/news/banking-stocks-like-sbi-hdfc-axis-icici-and-other-share-price-in-the-stock-market-ahead-of-the-moratorium-verdict/articleshow/78633357.cms">SBI, HDFC Bank, Axis Bank and other bank stocks tread caution as they wait with bated breath for Supreme Court verdict on moratorium</a>

Airtel partners with Aakash Institute to bring medical and engineering education content to its DTH platform

<ul><li>Marcotech Developers is now live on the exchanges listing at a share price of ₹436.</li><li>This is a 10.3% dip from the subscription price of ₹486 per share.</li><li>Prior to listing, the ₹2,500 IPO saw lukewarm response from investors, only being subscribed to 1.36 times. </li></ul><keyword id="7940335" type="UNKNOWN" weightage="20" keywordseo="Macrotech-Developers">Macrotech Developers</keyword>, formerly known as <keyword id="6473062" type="UNKNOWN" weightage="20" keywordseo="Lodha-Developers">Lodha Developers</keyword>, saw its initial public offering (IPO) list at a 10.3% discount on the National Stock Exchange (NSE). Its share price at 10:00 am, the time of listing, was ₹436 versus the subscription price of ₹486. Within the first 10 minutes, the price was able to reach a high of ₹472.95 before dipping back down to ₹458 at 10:10 am. The company’s ₹2,500 crore initial public offering (IPO) received a lukewarm response from investors after only seeing a subscription rate of 1.36 times. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Macrotech Developers IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.05 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.44 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.40 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.36 times </td></tr></tbody></table> According to analysts, the company is a good bet if you were willing to hold on to the stock for the long run — not for its listing premium. So, if you have the shares and are concerned that there’s been a loss on premium, keep the stock if you have the patient. Why are investors wary of Macrotech Developers? One of the reasons for investors to be wary was the company’s high level of debt. Around ₹1,500 crore of funds from the IPO will go towards repaying lenders to ease its balance sheets. But that doesn’t mean that it won’t need more money, which brings us two the second reason investors were vary about putting their money into the offer. Marcotech Developers is operating in a capital intensive sector, the real estate industry, during a pandemic. Any delays due to a lockdown, curfew or the implementation of restrictions like Section 144, could add to its costs — especially since the majority of its projects are in India’s financial capital, Mumbai. The city has been one of the worst hit in all of India during the second wave of the pandemic. “If the company does not have access to funds required on favourable terms, it may be required to delay or abandon some or all planned projects or reduce the scale of operations,” noted Capital Markets in its preview. The brokerage pointed out that the company has earlier difficulties in serving its debt. It was among the companies that availed the moratorium offered by the Reserve Bank of India (RBI) for six months during the pandemic, from March to August 2020. The size of Macrotech Developers has its own loopholes The problem with Macrotech Developers possibly having to reduce its scale of operations due to the uncertainty propagated by the pandemic is that it’s one thing it has playing in its favour. Macrotech Developers is one of the largest players in the Indian real estate market going up against behemoths like Godrej Properties, Sunteck Realty, and Oberoi Realty. And so far, it has consistently outperformed all its peers when it comes to sales, as per Hem Securities. It has a strong distribution network, not just in India, but in foreign markets like the UK, the US, Singapore and the Gulf Cooperation Council (GCC). But even that comes with its own loopholes. “Large construction projects in all parts of the world provide opportunities for corruption, fraud or improper conduct, including bribery, deliberate poor workmanship, theft or embezzlement by employees, contractors or customers or the deliberate supply of low-quality materials, which may delay development of projects,” said Capital Market’s report. Yes, it's one of the biggest players in the residential real estate market, but being so big at a time when the real estate market is witnessing its biggest slump in five years can be dangerous — even with home loans rates on the downtrend. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/stock-market/news/hdfc-bank-macrotech-developers-adani-ports-and-other-stocks-to-watch-out-for-on-april-19/slidelist/82137367.cms">HDFC Bank, Macrotech Developers, Adani Ports and other stocks to watch out for on April 19</a>

Macrotech Developers IPO lists at 10% discount — analysts recommend that shareholders should wait it out

Close on the heels of <keyword id="6354630" type="PERSON" weightage="100" keywordseo="Mark-Zuckerberg">Mark Zuckerberg</keyword>'s departure from India, technology giant Microsoft's CEO <a href="http://www.businessinsider.in/searchresult.cms?query=satya+nadella">Satya Nadella</a> is now set to visit the country on November 5 for 'Future Unleashed' - a conference by Microsoft in Mumbai for its customers, partners and developers. 
 For Hyderabad-born Nadella, this is his second official visit to the country after his first trip as the Microsoft chief executive in September 2014. The visit, coincidentally, will ensue on a day that marks Microsoft’s 25th anniversary in India. The company will launch a technical preview of Windows 9 at the conclave, and Nadella is likely to largely focus on what he can do for PM’s '<keyword id="1929810" type="UNKNOWN" weightage="100" keywordseo="Digital-India">Digital India</keyword>' initiative, particularly his plans to take technology to 5,00,000 Indian villages. 
 
At the ‘Digital India’ dinner with Modi in September, Nadella had shared what he called a “haunting image” from his childhood in Andhra Pradesh to illustrate how digital India can change lives. He had said Microsoft would announce cloud services from Indian data centers as a key part of both Make in India and Digital India projects. He had also announced Microsoft's plans to take technology to rural India. “We believe low-cost broadband connectivity, coupled with the scale of cloud computing and the intelligence that can be harnessed from data, can help drive creativity, efficiency and productivity across governments and businesses of all sizes,” he had said. 
 
In view of his promises then, he is expected to promote the firm's technology initiatives in his keynote address. He will highlight the benefits of Microsoft's local data centers (three of which went live in India only last month) for its partners and consumers. He may also focus on some local cloud-based innovations that are addressing issues related to health and education in India. Apart from making a couple of product announcements for India like much anticipated Surface Pro 4 (launched in the US last month), Nadella will interact with industry leaders, government stakeholders, customers and partners at the conclave where heads and senior officials from cross session of industries will be present ranging from Mahindra Group, Axis Bank, Tata Group, Starbucks, Robert Bosch, Honeywell, Kotak Bajaj, Fortis, Sony Corporation to HDFC Bank. 
 It's not a surprise that these big tech honchos are eyeing India as a booming market for technology. <keyword id="6354576" type="CITY" weightage="100" keywordseo="Facebook">Facebook</keyword> founder’s visit has done the needful by paving way for technology giants to make inroads and bear fruits from investing in a growing Indian economy. But, much of the credit also goes to our Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword>. Had it not been for him instilling confidence and advocating for his pet projects 'Digital India' and 'Make in India' during his extensive meetings with CEOs and industry experts including Zuckerberg, Nadella, Sundar Pichai during his US visit, there were far lesser chances for global companies to take sudden interest in tapping into the Indian market. Now that they have, India is highly likely to witness CEOs of top global tech firms outlining their company’s plans for the country in the days to come. It’s a welcome change.

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Airtel partners with Aakash Institute to bring medical and engineering education content to its DTH platform

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