Global distressed asset buyers such as JC Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 ... Read More »
One head teacher decided “all reading can be done on iPads,” a delegate told the Association of Teachers and Lecturers’ annual conference. The union voted to lobby for libraries to be included in Ofsted inspections. A Department for Education spokeswoman said that school libraries “played a vital role”. Cathy Tattersfield ... Read More »
WEDNESDAY, April 6, 2016 — Despite initial concern from early studies, taking the epilepsy drug lamotrigine (Lamictal) during pregnancy may not raise the risk for certain birth defects, a large new study finds. “An initial study of this drug showed an increased risk for cleft lip or cleft palate, but ... Read More »
PARIS: France will put Panama back on its list of countries that do not cooperate in efforts to track down tax dodgers, finance minister Michel Sapin said in the wake of the Panama Papers revelations. “France has decided to put Panama back on the list of uncooperative countries, with all ... Read More »
The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »
SINGAPORE: Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran’s plans to boost production pressured physical oil prices. Oil futures recovered from one-month lows to end the previous session up after the Kuwaiti governor for ... Read More »
NEW YORK: US pharmaceutical giant Pfizer said Wednesday it was abandoning plans for a $160 billion merger with Allergan, citing new US rules cracking down on tie ups aimed at saving on taxes. The deal with the Irish-based firm would have created the world’s largest pharmaceutical company. Pfizer said in ... Read More »
NEW DELHI: Dalal Street has a rupee problem and no one is talking about it. The domestic currency had depreciated 3 per cent against the US dollar till February end on the back of rampant FII selling in the early weeks of the year. Market experts at that time saw ... Read More »
BENGALURU: Property developer Sobha said its new sales fell during the fourth quarter compared to last year as the real estate sector continues to struggle. Sales dropped 14% to 0.88 million square feet space, for the three months ended March 2016, from 1.03 million square feet, a year earlier, the ... Read More »
This copy of the first collected edition of Shakespeare’s plays, published in 1623, was found at Mount Stuart House on the Isle of Bute Academics who authenticated the book called it a rare and significant find. About 230 copies of the First Folio are known to exist. A copy owned ... Read More »
WEDNESDAY, April 6, 2016 — Women are up to twice as likely as men to die from the most dangerous type of heart attack, a worldwide study finds. Although death rates have fallen, there are still significant survival differences after what’s called ST-segment elevation myocardial infarction (STEMI), according to the ... Read More »
As soaring mercury levels leave drought-prone States in a parched condition, the Supreme Court on Wednesday turned the heat on the Centre for not releasing sufficient funds to these States for employment generation under the MGNREGS. A Bench led by Justice Madan B. Lokur said there was no point anymore ... Read More »
