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Anil Ambani’s Reliance Communications Hit By Debt, Competition

Brutal competition and 457 billion rupees ($7 billion) of borrowings have finally caught up with billionaire Anil Ambani’s Reliance Communications Ltd. The Indian wireless operator rattled investors with its first full-year net loss amid signs it’s struggling to repay debt. Its $300 million junk-rated note due in 2020 declined as much as 13.9 cents on the dollar to 70.1 cents on Monday and the stock sank to a record low. Fitch Ratings and Lucror Analytics highlighted a potential liquidity crunch and people familiar with the matter said the company sought…

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Don’t carry your sleep debt into 2017

Yes, Mumbai is the city that never sleeps, but its citizens are taking that adage quite literally. And it’s causing more harm than ever. More people are sleeping less, which is dangerous, say experts. Do you find yourself in snooze mode all the time, even after getting six hours of shuteye? That’s due to a backlog of sleep debt — a spillover effect of late timings from the weekend into the week and due to poor daily sleeping habits as well. As the year draws to a close, city doctors…

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