ArcelorMittal Submits Offer For Debt-Laden Essar Steel

The steel major said Essar would also have access to deep technical expertise London: ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution process for Indian steel company. In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and aimed at improving its performance and profitability. “Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The…

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JNU to offer engineering and management courses, UGC nod pending

The Jawaharlal Nehru University (JNU) proposes to offer engineering and management courses, an initiative the University Grants Commission is said to be considering. If approved, the university will take students for these subjects from 2018. The New Delhi-based premier institution, established in 1969, is known for its arts and humanities subjects. JNU wants to expand its programme to engineering and management, for which officials submitted a proposal and made a presentation to the country’s university regulator, UGC. The government-run university can’t start new courses without the UGC’s clearance as these…

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Facebook Posts May Offer Insight Into Mental Illness

Your Facebook status updates, ‘likes’ and even photos could help researchers better understand mental health disorders, a new study says. Social networks may even be used in future to treat mental illness, particularly among young people, the researchers said. “Facebook is hugely popular and could provide us with a wealth of data to improve our knowledge of mental health disorders such as depression and schizophrenia,” said the study’s lead-author Becky Inkster from University of Cambridge. Over a billion people worldwide use Facebook daily – one in seven of the global…

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Mi Fan Festival Set for Wednesday; Xiaomi Mi 5, New Accessories, Deals on Offer

Xiaomi announced its Mi Fan Festival on Wednesday in India. The Chinese company said that there will be new devices up for sale on the company’s website on Wednesday from 8am to 10pm IST. Alongside, the company has announced new accessories, which will first go on sale from Wednesday as well – these include the 20000mAh Mi Power Bank, Mi In-Ear Headphones Pro, and LED Light Enhanced Blue. To recall, the Xiaomi Mi 5 will be going on sale on Wednesday in a flash sale model as well. The company…

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Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company. “From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement.…

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Flipkart’s Big Shopping Days Sale: What’s On Offer

Flipkart’s second ‘Big Shopping Days’ sale of the year has kicked off, where the online marketplace is offering discounts on smartphones, tablets, and other gadgets. In addition to these deals, consumers shopping on Flipkart until Wednesday can also get an additional 10 percent extra discount on every purchase made via State Bank of India (SBI) debit and credit cards during the Big Shopping Days sale. Some of the smartphones available under the new Flipkart offer are the Lenovo K3 Note which can be grabbed at Rs. 8,999 and it comes…

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