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XED Files DRHP To Launch India’s First GIFT City IPO; Founder On Why The Company Chose This Route

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XED Files DRHP To Launch India’s First GIFT City IPO; Founder On Why The Company Chose This Route


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XED, Executive Development Ltd, partners with Ivy League and is set for a $12 million equity listing on NSE IFSC and India INX, marking a regulatory milestone in GIFT City.

Founded in 2015, XED is a leading provider of executive education in Middle East, Far East, LATAM and South Asia.

Founded in 2015, XED is a leading provider of executive education in Middle East, Far East, LATAM and South Asia.

XED, Executive Development Ltd — an executive education platform with Ivy League partnerships, is set to become the first company to list its equity shares on NSE IFSC and India INX, signaling a move from debt- and fund-focused activity to primary equity issuance in GIFT City. The company has already filed the DRHP.

In conversation with News18 Digital, John Kallelil, Founder, Promoter, and Managing Director, spoke about the purpose of IPO through Gift route, company’s business model, expansion plan, and financials. Here’s an excerpt from the interview.

Q: Your company has a presence in multiple geographies. Could you tell us about the scale and spread?

We are a global player with operations in the US, UK, Singapore, and most recently, India. Our India entry was through GIFT City, which allows us to serve domestic as well as international clients with greater efficiency. The expansion is part of our strategy to align with high-growth markets and diversify our client base.

Q: What is the business model you follow in India?

Our focus is on providing integrated financial and knowledge-based solutions. In India, we are adopting a “hub-and-spoke” model. GIFT City acts as the hub for international clients, while our domestic outreach is managed through smaller centers across key metros. This structure helps us maintain compliance, reduce costs, and stay closer to customers.

Q: Who do you consider your main competition?

Competition varies by market. In India, large domestic financial service providers and global consultancies are both strong players. Our differentiation lies in combining technology-driven processes with global best practices. This hybrid of scale and expertise helps us serve clients more efficiently than traditional firms.

Q: Hybrid learning is a term you mentioned. Could you explain how it fits into your strategy?

Hybrid learning is central to our growth story. We believe employees today need constant upskilling, and hybrid formats (mixing digital and in-person learning) offer the flexibility they seek. We’ve set up dedicated programs in India that allow people to learn on the job while upgrading their skills. This helps us not only retain talent but also improve client delivery.

Q: Looking ahead, what are your priorities?

Our key priorities are threefold:

Strengthening our base in India and scaling from GIFT City.

Building robust hybrid-learning systems to continuously upskill our workforce.

Expanding client acquisition in the US and UK while maintaining competitive differentiation in emerging markets like India.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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Boston Food Bank appeals for help amid soaring demand

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Boston Food Bank appeals for help amid soaring demand


The leader of a Boston food bank says the need for their service has remained “persistently high” and is appealing for help.

Father David Stevenson, the rector of St Botolph’s Church, also known as Boston Stump, where the food bank is based, said the facility was “a lifeline for people”.

The appeal comes at a time when extra costs associated with heating homes can lead to an increase in people needing help, he said.

Boston Food Bank is part of The Trussell Trust, which runs a network across the UK. The food bank said it had seen record levels of need in the past year.

“People are struggling to afford both food and heating”, Fr Stevenson said.

“That’s a very common experience in Boston, as in lots of other places.”

The food bank said it sees peaks and troughs in numbers throughout the year, but added there had been an overall increase in people needing support in 2025.

“Last week, we reached our 3,000th person for this calendar year…. which included nearly 1,000 children living in poverty,” Fr Stevenson said.

As part of the food bank’s harvest appeal, it asked for donations of non perishable items and things that can be easily made into a meal such as dry pasta, bags of rice, and tinned meals.

Alina used the food bank last year following a referral from Centrepoint Outreach in Boston.

She was new to the area and received help from the facility until financial and living arrangements were put in place.

Alina now volunteers at the food bank once a week.

“I wouldn’t want anyone to feel like I did and be anxious about not being able to eat,” she said.

Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.



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Trump’s H-1B visa move: End of the road Indians’ American dream? How fee hike may help India retain talent – The Times of India

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Trump’s H-1B visa move: End of the road Indians’ American dream? How fee hike may help India retain talent – The Times of India


The H-1B skilled-worker visa programme, which is mainly utilised by the technology sector, has traditionally served as a crucial entry route for foreign professionals. (AI image)

US President Donald Trump’s move to sharply hike the fee for H-1B visas to $100,000 has Indian tech sector workers and students in America worried about their future in the world’s largest economy. Trump’s move is aimed at addressing worries about US technology workers who believe they lose out on jobs due to immigrant professionals.The H-1B skilled-worker visa programme, which is mainly utilised by the technology sector, has traditionally served as a crucial entry route for foreign professionals into the United States, with Indian nationals comprising approximately 70% of recipients.Now these professionals and students face a significant impact as the Trump administration revises the programme.

Indians & H-1B visas

Indian parents have over the years consistently encouraged their offspring to pursue academic paths—specifically engineering—believing these would provide optimal employment prospects. The Indian Institutes of Technology have produced exceptional English-proficient computer specialists and engineers who became highly sought after in the United States, according to a Wall Street Journal report.Britta Glennon, an economist and assistant professor of management at the Wharton School specialising in immigration and innovation research, told WSJ that Indians demonstrated exceptional engagement with the H-1B programme following its establishment in 1990.The achievements of Indian technology professionals who received H-1B visas inspired more Indian students to pursue similar educational paths, according to Glennon. A notable example is Sundar Pichai, who now leads Alphabet. Indians comprised more than one-third of successful H-1B visa recipients by 2003.Also Read | The $100,000 H-1B gamble: Why Donald Trump’s visa tax won’t save American jobs – winners and losersIn 2007, when visa applications exceeded available positions, US authorities implemented a lottery-based allocation system.

Why are Americans complaining about H-1B visas?

According to the report, US employees have lodged multiple complaints with the Equal Employment Opportunity Commission against Tata Consultancy Services, India’s largest technology services organisation, claiming they were dismissed and their positions were filled by H-1B visa holders.Last year, TCS received 5,500 H-1B visas, placing it second to Amazon’s allocation of over 14,000. The yearly limit stands at 85,000 visas, with educational institutions being exempt from this restriction.TCS has previously stated that these allegations lack substance and emphasised its proven track record as an equal-opportunity employer within the United States.According to research by Colgate University economists Rishi R. Sharma and Chad Sparber quoted in the report, the change to lottery system led Indian outsourcing companies—which provide tech services to American businesses through combined US-based and India-based teams—to submit many applications to enhance their chances of securing H-1B visas.Subsequently, these Indian service providers began lending their surplus US-based Indian employees to clients, triggering protests from American workers who felt they were being displaced through domestic outsourcing.Experts note that whilst outsourcing companies must legally demonstrate payment above certain thresholds, the compensation offered to H-1B employees at these firms typically falls in the lower range for similar positions.

Companies dependent on H-1B visas

Companies dependent on H-1B visas

Indian outsourcing companies indicate they have reduced their dependence on H-1B visas whilst focusing on training and employing American workers.Also Read | Alternatives to H-1B visas: After fee hike by Trump to $100,000, O1 & L1 visas gain traction; check cost, approval rates

H-1B visa overhaul: Troubles for startups

US is implementing new changes to the H-1B visa programme. The new fee structure will be introduced for first-time applicants beginning next year, alongside plans to modify the lottery system to prioritise applications with higher salary offerings.The increased fees may be a deterrent for startups. Siddharth Sarasvati, at Trial and Error, an AI starup told WSJ that the increased fee poses challenges for startups like theirs. “H-1B needed reform,” said Sarasvati. “But this isn’t reform, it’s a sledgehammer…this ensures that only companies with the deepest pockets can play.”

H-1B visa fee hike: Will it end up being advantage India?

India could potentially gain advantages from stricter US visa regulations affecting Indian technology professionals. According to experts, India’s technological advancement partly resulted from professionals returning after unsuccessful H-1B applications, contributing to the development of centres like Bengaluru.Industry experts are debating the potential global impact of the proposed new visa fee on the IT workforce landscape. Vivek Wadhwa, who leads Vionix Biosciences and previously served as a distinguished fellow at Harvard Law School and Carnegie Mellon, highlighted serious implications for the United States.

Trump's H-1B visa fee hike: What it means

Trump’s H-1B visa fee hike: What it means

“Trump’s $100,000 H-1B fee is economic suicide for America. It will force Indian talent to go home, taking with them skills, savings, and global experience. Indian engineers have been trapped in limbo for years because of endless visa backlogs. Trump has just pushed them to make the obvious choice: return home where opportunities are greater,” he was quoted as saying by TOI. Wadhwa noted that this reverse migration would significantly advantage India. “They will bring capital, networks, and the knowhow of scaling companies globally.”“Donald Trump’s 100,000 H-1B fee will choke U.S. innovation, and turbocharge India’s,” said Amitabh Kant, the former head of an Indian government-policy think tank, in a post on X. “By slamming the door on global talent, America pushes the next wave of labs, patents, innovation and startups to Bangalore and Hyderabad, Pune and Gurgaon.”Also Read | Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in IndiaDespite increased opportunities in India over recent years, the country faces challenges. Many technology graduates struggle to secure well-compensated positions amongst the large talent pool. The work environment remains considerably more hierarchical compared to the United States, according to technology professionals quoted in the report. Additionally, artificial intelligence developments could reduce entry-level positions.A 31-year-old software engineer based in Albany, N.Y., who arrived in the US in 2017 for doctoral studies, highlighted the disparity in professional opportunities. “India has a lot of good schools to train engineers but nothing much to engage them after graduation,” he remarked. He obtained his H-1B visa in 2022 during his company’s first application attempt.Despite finding the visa’s single-employer restriction limiting, he appreciates the American technology sector’s environment. He and his spouse, also an H-1B holder, are considering alternative skilled-worker visa pathways to stay in the US, particularly if H-1B regulations become stricter. They view Canada as an alternative destination rather than returning home, the WSJ report said.Destinations such as Germany, the United Kingdom and Canada are actively seeking to attract skilled professionals from India.As the United States tightens its immigration policies for skilled workers, nations including Germany, Canada and the UK have positioned themselves as welcoming alternatives for Indian technology experts, according to an ET report.





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A Universal-DreamWorks movie is bringing the winning formula of kids content frenzy to the big screen

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A Universal-DreamWorks movie is bringing the winning formula of kids content frenzy to the big screen


Laila Lockhart Kraner stars as Gabby in Universal and Dreamworks Animations’ “Gabby’s Dollhouse: The Movie.”

Universal | Dreamworks Animation

A young girl named Gabby, alongside her menagerie of animated cat friends, is making the leap from streaming to the big screen.

Universal and DreamWorks Animation’s “Gabby’s Dollhouse: The Movie” is the latest kid’s TV show to head to the box office, following in the footsteps of Paramount’s Paw Patrol and SpongeBob SquarePants franchises.

“We felt like the franchise had gotten to the point where there was enough fandom to justify a theatrical event, and we wanted to expand the world,” Margie Cohn, president of DreamWorks Animation, told CNBC.

Children’s programming has become an increasingly important piece of the media landscape in recent years. As linear TV has given way to streaming, studios are looking for ways to drive and sustain subscriber growth. For “Gabby’s Dollhouse,” establishing a theatrical presence increases awareness of the brand, stirs up fresh excitement from existing fans and spurs new opportunities for products in the retail market.

“Gabby’s Dollhouse,” created by “Blue’s Clues” veterans Traci Paige Johnson and Jennifer Twomey, launched on Netflix in 2021. It’s already run for 11 seasons, and a 12th is on due out in November. Each season has six to 10 episodes, about 25 minutes each.

It’s been the most-viewed streaming original series for kids this year, according to Nielsen.

Each episode begins with a live-action Gabby, played by Laila Lockhart Kraner, as she unboxes a miniature package that sparks an adventure in her magical dollhouse. She dons her cat-ear headband, shrinks down to become an animated character and joins her cat friends, called Gabby’s cats. Like a lot of preschool shows, Gabby pauses to ask the audience questions and invite them to play along.

Those elements all appear in the full-length feature film, which arrived in theaters Friday. It melds animation and live-action, but at a bigger scale.

Cohn said the goal was to create a theatrical experience, akin to a “‘Rocky Horror Picture Show’ for little kids.’ Invite them to sing, dance, clap.”

“Gabby’s Dollhouse: The Movie” debuts at a time when the movie calendar has limited family-friendly options. The most recent major releases in this genre were Disney’s “Freakier Friday” and Universal’s “The Bad Guys 2,” both of which were released in early August.

While there has been a steady stream of family-friendly fare in recent years, it comes after a considerable dry spell caused by the pandemic and dual Hollywood labor strikes shutting down production. At the same time, consumers’ habits shifted as streaming services grew in popularity and studios shortened the time it took for movies released in cinemas to reach the home market.

But younger viewers are some of the most engaged, and a primary driver to get families out to the theater.

Kids are some of the most fervent streaming users, too, as they tend to watch the same content over and over again, leading to high engagement. That’s why kid-friendly shows have offer a unique value proposition for studios even as traditional linear television and the theatrical landscape has become less reliable.

Presenting their favorite characters in more places can mean spreading the wealth and ultimately fueling their appetites for more.

“One need only look at the big screen-small screen synergies that were created by ‘KPop Demon Hunters’ to see how ‘Gabby’s Dollhouse: The Movie’ could similarly make the leap from a small screen 2021 series into a big screen cinematic event in 2025,” said Paul Dergarabedian, senior media analyst at Comscore.

Heading to the big screen

A global theatrical release not only serves the strong domestic market, but extends the reach of “Gabby’s Dollhouse” internationally. Cohn noted that Europe is one region where the show is gaining traction.

“As a relatively new franchise with notable reach into the marketing world aimed at today’s youngest generations, this is a film that should capture the interest of that audience and continue showcasing its strengths as a fresh brand,” said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory.

And it can be a relatively affordable way to extend a franchise’s reach.

“Gabby’s Dollhouse: The Movie” had a production budget of just over $30 million, a small investment for the likes of Universal and DreamWorks Animation compared to other theatrical kids films. For example, franchise films from Disney’s Pixar and Universal’s other animation arm, Illumination, can cost upwards of $200 million to create.

Still from Universal and Dreamworks Animation’s “Gabby’s Dollhouse: The Movie.”

Universal | Dreamworks Animation

“At DreamWorks, we know how to make a budget fit,” Cohn said. “We make some really big, high-budget, all-audience animated films. But then we also do smaller films like ‘Captain Underpants’ or the most recent one with ‘Dog Man.’ We know how to make high-quality movies for a lower price point.”

Paramount’s two Paw Patrol films had similarly small budgets, according to media reports. “Paw Patrol: The Movie,” released in 2021, generated $40 million domestically and more than $145 million globally, according to data from Comscore. Meanwhile, 2023’s “Paw Patrol: The Mighty Movie” collected $65 million domestically and $200 globally.

Box office analysts estimated “Gabby’s Dollhouse: The Movie” would collect between $15 million and $25 million during its opening weekend.

More than just a movie

While theatrical revenues are important, bringing “Gabby’s Dollhouse” to the big screen is part of a wider strategy. The content is part of an interconnected ecosystem that includes toys, books, merchandise and live events.

“I came from Nickelodeon,” Cohn said. “We studied the audience a lot, and we knew that they liked to watch a show, but then they wanted to play it, iterate on it, and experience the characters and ideas in their own way, in their own form. And so we developed the Gabby franchise to let them do just that.”

DreamWorks partnered with toy company Spin Master to manufacture a line of toys tied to “Gabby’s Dollhouse.” The range of products includes playsets, figures, plush toys, games and puzzles. Since launching the line, Spin Master has sold nearly 3 million dollhouses tied to the show.

Cohn said DreamWorks Animation “nurtured and brewed success” for “Gabby’s Dollhouse” with through the Spin Master partnership as well as through the production of YouTube shorts, grassroots marketing and a traveling live show presented by Walmart.

“The series just grew and grew and grew,” Cohn said. “And then it gets to a certain point you’re able to deliver on bigger strategic franchise expansion with live entertainment and shows in museums and presence in the parks and music, you know, all that comes when you have a property that kids respond to.”

“Gabby’s Dollhouse” has been a top five preschool toy property for five of the last eight quarters, according to data from Circana. It has been a top 10 property for 10 straight quarters.

In addition to toys, “Gabby’s Dollhouse” has merchandise collections with Walmart, Target and Amazon, that include apparel, home goods, games and even toothbrushes. As the film heads to theaters, audiences will be able to buy themed popcorn buckets, drink tumblers and other specialty items.

The franchise has also become part of Universal’s theme parks, with character meet-and-greets with Gabby and retail areas where guests can buy headbands, plush and apparel.

And Universal isn’t stopping there. “Gabby’s Dollhouse: The Movie” sets up a bigger future for Gabby and a potential spin-off series. As the film credits roll, Gabby puts the finishing touches on a new dollhouse — a dog dollhouse that she says her little sister will love.

When asked about what “Gabby Dollhouse” fans can expect following the reveal, Cohn teased, “You’re gonna have to wait and see.”

Disclosure: Comcast is the parent company of Fandango and NBCUniversal, which owns CNBC. Versant would become the new parent company of Fandango and CNBC upon Comcast’s planned spinoff of Versant.



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