{"id":65399,"date":"2026-07-25T12:08:19","date_gmt":"2026-07-25T16:08:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/pralhad-joshi-takes-charge-of-indias-education-ministry-amid-deepseek-funding-pause\/65399\/"},"modified":"2026-07-25T12:08:19","modified_gmt":"2026-07-25T16:08:19","slug":"pralhad-joshi-takes-charge-of-indias-education-ministry-amid-deepseek-funding-pause","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/pralhad-joshi-takes-charge-of-indias-education-ministry-amid-deepseek-funding-pause\/65399\/","title":{"rendered":"Pralhad Joshi Takes Charge of India\u2019s Education Ministry Amid DeepSeek Funding Pause"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Pralhad Joshi<\/strong> has been appointed as India\u2019s new <strong>Union Education Minister<\/strong> following the immediate resignation of <strong>Dharmendra Pradhan<\/strong> amid nationwide protests.<\/li>\n<li>Chinese AI unicorn <strong>DeepSeek<\/strong> has abruptly paused its second fundraising round, which aimed to raise over <strong>$1.4 billion (10 billion yuan)<\/strong> at a <strong>$71 billion valuation<\/strong>.<\/li>\n<li>Global markets show a cautious weekend trend with <strong>Bitcoin (BTC)<\/strong> trading at <strong>$64,234 (+0.08%)<\/strong> and <strong>Brent Crude<\/strong> retreating to <strong>$97<\/strong> after briefly crossing the <strong>$100<\/strong> threshold.<\/li>\n<li>The resignation of Pradhan follows 36 days of student-led protests over the <strong>NEET-UG<\/strong> paper leak controversy, leading to a rare ministerial reshuffle in the Modi government.<\/li>\n<\/ul>\n<h2>India Ministerial Reshuffle: Pralhad Joshi Appointed Education Minister<\/h2>\n<p>In a significant cabinet shift, the President of India has appointed <strong>Pralhad Joshi<\/strong> as the new <strong>Union Minister of Education<\/strong>. This move comes immediately after the resignation of <strong>Dharmendra Pradhan<\/strong>, who stepped down taking moral responsibility for the recent <strong>NEET-UG<\/strong> examination paper leak. Joshi, who currently manages portfolios for <strong>Consumer Affairs, Food and Public Distribution<\/strong>, and <strong>New and Renewable Energy<\/strong>, will take on the education ministry as an additional charge.<\/p>\n<p>The resignation follows a 36-day protest at Delhi&#39;s Jantar Mantar led by the <strong>Cockroach Janta Party (CJP)<\/strong> and various student organizations. Following the announcement of the ministerial change, the CJP officially called off its agitation, and all 18 <strong>Delhi Metro<\/strong> stations that had been closed due to the protests have been reopened to the public.<\/p>\n<h2>DeepSeek Halts $1.4 Billion Funding Round<\/h2>\n<p>Chinese artificial intelligence startup <strong>DeepSeek<\/strong> has reportedly suspended its second major fundraising round just weeks after securing <strong>$7 billion<\/strong> in June. The pause affects a deal intended to raise at least <strong>10 billion yuan ($1.4 billion)<\/strong>, which would have valued the firm at approximately <strong>$71 billion<\/strong>. The decision was reportedly triggered by founder <strong>Liang Wenfeng\u2019s<\/strong> frustration over leaked comments regarding U.S.-China technology competition and the company&#39;s reliance on <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) hardware.<\/p>\n<p>Despite the temporary freeze in private funding talks, sources indicate that <strong>DeepSeek<\/strong> is still moving forward with preliminary preparations for an <strong>Initial Public Offering (IPO)<\/strong> that could occur as early as late 2026. The company remains a central figure in China&#39;s push for AI self-reliance, backed by industry giants like Tencent (<a href=\"\/stock\/TCEHY\">TCEHY<\/a>) and battery manufacturer CATL.<\/p>\n<h2>Weekend Market Performance and Crypto Stability<\/h2>\n<p>Financial markets are showing modest gains during weekend trading. The <strong>NASDAQ<\/strong> (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>) is up <strong>0.29%<\/strong> at <strong>28,226<\/strong>, while the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>) edged up <strong>0.05%<\/strong> to <strong>51,926<\/strong>. Commodities are seeing mixed results; <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> (<a href=\"\/stock\/GC=F\">GC=F<\/a>) rose <strong>0.14%<\/strong> to <strong>$4,059<\/strong>, but <strong>US Oil<\/strong> (WTI) fell nearly <strong>3%<\/strong> to settle near <strong>$87.05<\/strong> as geopolitical tensions showed signs of temporary stabilization.<\/p>\n<p>The cryptocurrency sector remains largely flat but stable. <strong>Bitcoin<\/strong> (<a href=\"\/stock\/BTC\">BTC<\/a>) is holding at <strong>$64,234<\/strong>, while <strong>Ether<\/strong> (<a href=\"\/stock\/ETH\">ETH<\/a>) saw a slight gain of <strong>0.41%<\/strong> to reach <strong>$1,868<\/strong>. Notable altcoin movers include <strong>Avalanche<\/strong> (<a href=\"\/stock\/AVAX\">AVAX<\/a>), which surged <strong>5.45%<\/strong>, and <strong>Dogecoin<\/strong> (<a href=\"\/stock\/DOGE\">DOGE<\/a>), up <strong>2.32%<\/strong>, contrasting with a <strong>4.14%<\/strong> decline for <strong>Uniswap<\/strong> (<a href=\"\/stock\/UNI\">UNI<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Pralhad Joshi has been appointed as India\u2019s new Union Education Minister following the immediate resignation of Dharmendra Pradhan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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