RBL Bank acquires 10 stake in Utkarsh Micro Finance shares rise

first_imgPrivate-sector lender RBL Bank on Monday announced acquisition of a 9.99% stake in Utkarsh Micro Finance Ltd (UMFL). The acquisition is seen as a strategic move to reach out to the unbanked and underbanked segments of the society.The bank is also entering into an MoU to extend its product portfolio to Utkarsh customers. In a statement, the bank said it has got all the necessary regulatory approvals. UMFL has received in-principle approval from the RBI for setting up a small finance bank and is expected to commence operations soon.”This is a strategic partnership rather than a mere acquisition of a minority stake in Utkarsh, one of India’s finest and well-governed micro finance institutions. Personally, I am very happy and excited to be a part of this partnership. It will help us extend our distribution footprint and strengthen our financial inclusion initiatives across the rural hinterland,” Vishwavir Ahuja, RBL Bank Managing Director and CEO, said in the statement.In other news, RBL Bank said it has raised Rs 330 crore (about $50 million) from CDC Group Plc, a UK-based development finance institution, through Basel III compliant Tier II capital. The capital infusion will help the bank expand to new regions in India.The fund-raising will also strengthen its capital base to meet future requirements. This is the third round of funding the private-sector lender received in two-and-a-half years. Previously, in October 2015, the bank raised Rs 44.5 crore, and in March 2014, it secured investment of Rs 174 crore.RBL Bank stock closed at Rs 297.10 on Monday, up 1.97 from its previous close on the Bombay Stock Exchange.last_img read more

Texas Hospitals Are Adopting New Routines To Curb Maternal Deaths

first_imgGABRIEL C. PÉREZ / KUTDell Seton adopted protocols to reduce opioid overdoses among new moms.Two-thirds of Texas hospitals offering maternity services are taking part in a statewide initiative aimed at reducing maternal mortality.Texas health officials this week kicked off a project called “TexasAIM,” an effort to get hospitals to use a set of protocols referred to as “safety bundles.” The goal is to standardize how doctors in Texas deal with pregnant women who are at risk of common complications during pregnancy or shortly after giving birth.The state plans to tackle hemorrhage, hypertension and opioid abuse first. All three are among the leading causes of maternal deaths in the state.“Our goal is to have as many hospitals participate that want to participate,” says Dr. Manda Hall, the associate commissioner for community health improvement at the Texas Department of State Health Services.So far, Hall says, 168 hospitals have joined TexasAIM – that’s out of the 242 hospitals in the state that offer maternity services.“We know that there is an opportunity here to really make a difference here in Texas as it relates to maternal mortality and severe maternal morbidity,” she says. “So, we are very happy to see the number of hospitals that are here today and participating.”During a meeting in Austin on Monday, hospital leaders from across the state met to discuss how they plan to implement the protocols and what it would look like in their own hospitals.“What it looks like in one hospital may look different in another hospital and that’s OK,” Hall says.That’s especially true because some hospitals already have been using these safety bundles.“We didn’t wait for TexasAIM to come along,” says Dr. John Harkins, a professor at UT Austin’s Dell Medical School and physician with Seton hospitals. “We’ve had these because it is evidence-based, and being an academic teaching center, we were able to get these up and running.”And Harkins says he’s already seeing results.“From my own experience, these things work great,” he says. “They save lives.”A lot of what doctors do is repetitive, Harkins says, and these safety bundles create yet another routine – but this one is backed by science.“Physicians at times are loathe to adopt standardization,” he says. “And you hear things like that, ‘You know, well, each patient you have to treat it like an art, and they are all different’ and that kind of stuff. But in certain things, it’s not an art; it is a science.”Harkins also says there are examples out there in the world of strict routines being safer.“Airline pilots go through the exact same protocols and checklists every single time they land a plane,” he says. “They do the exact same thing every time because they know that that is the safest way to get things done.”Texas health officials say there is evidence that creating protocols in hospitals has curbed maternal deaths in other states. For instance, one of the big drivers behind California’s effort to reduce maternal mortality rates was using new protocols in hospitals. In just four years, the state cut its rate by half. Sharelast_img read more

Multinational effort underway to build synthetic yeast using artificial chromosomes

first_img ‘Synthetic’ chromosome permits repid, on-demand ‘evolution’ of yeast (Phys.org) —A multinational effort to replicate the genome of brewer’s yeast has been launched. Led by Professor Jef Boeke of John Hopkins University in Baltimore, and with teams in China, India, Great Britain and other countries, the goal of the effort is to build artificial chromosomes to replace the 16 normally found in yeast cells. If successful, the effort will mark the first time the entire genome of an organism with a nucleus has been artificially replicated. © 2013 Phys.org Sacharomyces cerevisiae cells in DIC microscopy. Credit: Wikipedia. Citation: Multinational effort underway to build synthetic yeast using artificial chromosomes (2013, July 12) retrieved 18 August 2019 from https://phys.org/news/2013-07-multinational-effort-underway-synthetic-yeast.htmlcenter_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further Besides the possibility of providing new insights into how chromosomes work, the project hopes to also serve as a means of learning how to program an organism by altering its genetic functions. Yeast with artificial chromosomes, for example, could be programmed to serve as an engine to manufacture antibiotics, vaccines, biofuels, etc., instead of alcohol.A team of scientists successfully replaced the DNA of a bacteria cell back in 2010, but it had no nucleus, meaning it was a much simpler organism. Replicating all of the chromosomes in a yeast cell will require far more effort. For that reason, the work has been split between teams working at various facilities around the world. Each team will design one chromosome on a computer, which will then be sent to a central facility for its actual creation. Once all of the teams have built their chromosomes, a single yeast cell will be stripped of its natural chromosomes to be replaced by their artificial counterparts—giving it an entirely artificial genome. The project is expected to be expensive—the British team alone has received £1m from the U.K government to fulfill its part in the project which is expected to be completed by 2017.The yeast cell was picked for the project because it is a relatively simple organism—it’s one celled and has only 6000 genes. One the other hand, it’s sufficiently complex to further the science of bioengineering. Another plus is that yeast, because of its ability to convert sugars to alcohol, is seen as a becoming a more useful organism if its DNA could be controlled directly by creating new chromosomes in the lab and replacing the ones that nature gave it.last_img read more

Testing proves giant eyes of netcasting spider help with nocturnal foraging

first_img The net-casting spider is shown holding the band of wooly silk that it uses to engulf and capture prey. UNL doctoral student Jay Stafstrom spent two months in a Florida state park observing the spider’s hunting behavior. Credit: Courtesy Jay Stafstrom Journal information: Biology Letters © 2016 Phys.org Many visitors to Florida have been alarmed by the sight of a small spider with humongous eyes—the net casting spider, so named because of the unusual shape of the webs it creates—fortunately, the spiders are harmless to humans. Interestingly, until now, no one has gone to the trouble of actual testing the spiders to fully understand why they have such big eyes—the largest proportionally, for any arachnid.To prove the theory that the big eyes evolved to help with night foraging, the researchers started by video-taping several of them as they went about their activities in their natural environment. Then, they captured some samples and applied dental silicone over the single pair of big eyes (net-casters, like other spiders have eight eyes altogether, the others eyes are much smaller) temporarily blinding those eyes. The research pair then recorded the activities of the spiders as they tried to survive without benefit of their huge eyes.In studying the results, the researchers found that the blinded spiders were much weaker hunters when their big eyes were covered. Removing the eye covers allowed the spiders to regain their former skill levels.In a second test, the researchers conducted a similar experiment, except they did it in a controlled environment in their lab. In studying the results, the researchers found almost identical results. Citation: Testing proves giant eyes of net-casting spider help with nocturnal foraging (2016, May 18) retrieved 18 August 2019 from https://phys.org/news/2016-05-giant-eyes-net-casting-spider-nocturnal.html Explore further Jumping spiders are masters of miniature color visioncenter_img More information: Nocturnal foraging enhanced by enlarged secondary eyes in a net-casting spider, Biology Letters, rsbl.royalsocietypublishing.or … .1098/rsbl.2016.0152AbstractAnimals that possess extreme sensory structures are predicted to have a related extreme behavioural function. This study focuses on one such extreme sensory structure—the posterior median eyes of the net-casting spider Deinopis spinosa. Although past research has implicated the importance of vision in the nocturnal foraging habits of Deinopis, no direct link between vision in the enlarged eyes and nocturnal foraging has yet been made. To directly test the hypothesis that the enlarged posterior median eyes facilitate visually based nocturnal prey capture, we conducted repeated-measures, visual occlusion trials in both natural and laboratory settings. Our results indicate that D. spinosa relies heavily on visual cues detected by the posterior median eyes to capture cursorial prey items. We suggest that the enlarged posterior median eyes benefit D. spinosa not only through increased diet breadth, but also by allowing spiders to remain active solely at night, thus evading predation by diurnal animals.Press release A new study from UNL biologists has revealed that the net-casting spider’s secondary eyes — the largest of any arachnid — likely evolved in part to help it capture walking prey. Credit: Courtesy Jay Stafstrom (Phys.org)—A pair of researchers has tested the theory that the enormous eyes sported by net-casting spiders are to help the spider capture walking prey at night. In their paper published in the journal Biology Letters, Jay Stafstrom and Eileen Hebets, both with the University of Nebraska, describe field and lab experiments they carried out that showed the purpose of the oversized eyes. The research pair suggest their study shows that net-casting spiders use their huge eyes to hunt walking prey at night; they allow for catching prey in near dark conditions—prey which is very often much larger than they would catch with their net only. They noted also that the partially blinded spiders were just as adept at dealing with prey that was caught in the web, which adds more credence to the idea that the evolution of the large eyes, was strictly to allow the spider to catch larger prey while hunting during the nighttime—which the researchers also note, is a much safer time to hunt as there are far fewer predators out looking to eat them. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Court summons Amit Shah in defamation case filed by Abhishek Banerjee

first_imgKolkata: The Chief Metropolitan Magistrate (CMM) has summoned BJP national president Amit Shah to appear before the Court on September 28 in connection with an alleged defamation case filed by Abhishek Banerjee, Trinamool Congress MP and president of the All India Trinamool Youth Congress.On August 11, Amit Shah had made certain defamatory statements against Abhishek at the BJP’s Yuva Swabhiman Samavesh rally on Mayo Road. Shah had said that the funds released by the Centre worth Rs 3.59 lakh crore to Bengal ended up with Abhishek, who is Chief Minister Mamata Banerjee’s nephew, and syndicates. Also Read – Rain batters Kolkata, cripples normal life”The residents of the villages in Bengal, has the money reached your village? Prime Minister Modi had sent it. Where did Rs 3,59,000 crore go? This has been gifted to the nephew and the syndicate,” Shah had said in the rally. “Narada, Saradha, Rose Valley, syndicate’s corruption, nephew’s corruption… a series of corruption have been carried out under Mamataji,” Shah had said. These statements were widely published and circulated all over the country in various newspapers and on social media. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedOn August 13, Banerjee’s advocate had served a notice to Amit Shah, calling upon the accused to retract such virulent and mala fide defamatory statements and to issue an unconditional apology to the complainant. No response was received by Abhishek Banerjee or his advocate. Later, a complaint case was filed on August 28 before the CMM by the complainant under Section 500 of the Indian Penal Code (Punishment for defamation). Cognizance was taken by the CMM on August 28. On Wednesday, the application was fixed for examination of the complainant and the witnesses, when Abhishek Banerjee as well as the witnesses, Swarup Biswas and Soumya Bakshi appeared and made their statements, on oath, before the CMM.last_img read more

WestJet rolls out the blue carpet for travel agents

first_img Friday, October 28, 2016 Tags: WestJet, WestJet Vacations << Previous PostNext Post >> Posted by Tweet TORONTO — WestJet and WestJet Vacations welcomed travel agents and travel industry partners to the fourth annual WestJet 2016 Travel Partner Awards, held last night in Toronto at the Four Seasons Hotel.Over 200 guests attended the cocktail party and gala, toasting their relationship with a WestJet Platinum cocktail – a mix of prosecco, grapefruit juice and blue curacao – which resembled the company’s trademark shade of blue, before a lavish dinner in the sparkling Aria Ballroom.WestJet’s Vice-President of Sales, Lyell Farquharson officially welcomed attendees and explained that the awards were “a way to recognize our partners in front of their peers. Many of our partners are growing along with us, and it’s great to see us growing together.”Hosted by WestJetters Tim Paul (Manager, Sales Strategy and Planning) and Matt Djorsev (Business Development), 13 awards were handed out based on sales criteria of the past year by travel partners.Interspersed with ticket giveaways to WestJet destinations and prizes from sponsors AMResorts, Barbados Tourism Marketing Inc., and Bahia Principe Hotels and Resorts, hosts Tim and Matt entertained the crowd with jokes and a few self-deprecating comments, such as recent news that a WestJet airplane had to be diverted to Greenland last week.More news:  Air Canada’s global sales update includes Managing Director, Canada & USA SalesFarquharson and Jane Clementino, WestJet’s Director of Agency Sales, handed out the following awards:Top Growth Canadian Tour Operator Sales – Voyzant Inc.Top Online Agency – Expedia.caTop Group Incentive Convention Sales – Uniglobe TravelTop Sales Barbados – Transat Travel Travel Distribution CentreTop US Agency – Travel LeadersWestJet Encore Top Sales – American Express Global Business TravelTop Sales AM Resorts – Ensemble Travel GroupWestJet Vacations Top Guest Count Growth – Redtag.caWestJet Vacations Top Revenue Growth – Flight Centre Travel GroupTop Sales Bahia Principe Hotels & Resorts – Flight Centre Travel GroupTop Growth Travel Management Company – HRGTop Guest Count Growth – Travel Nation CanadaTop Revenue Growth – Merit TravelWestJet Airlines Ltd. Is celebrating its 20th anniversary in 2016 and was recognized by the Peter B. Gustavason School of Business at the University of Victoria as Canada’s most trusted airline this month. Waheeda Harris WestJet rolls out the blue carpet for travel agents About Latest Posts Waheeda HarrisA traveller from a young age, Travelweek contributor Waheeda Harris is pop culture obsessed, loves spicy food and is happy to wander around our planet with her camera in hand. Latest posts by Waheeda Harris (see all) Celebrity Equinox, Celebrity Edge stars of JetSet3 fam – April 23, 2019 Unleash the power of cross-company digital transformation to revolutionize your CX – February 8, 2019 On location: Cabo San Lucas welcomes the stylish Riu Palace Baja California – December 20, 2018last_img read more