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Softbank may invest in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business for $10-15 billion. “Softbank has long been seen as a potential investor in Jio,” JPMorgan said in a research report.”For the past 2 years, our conversations with investors have highlighted expectations of Softbank investing in Jio and hence…

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Mental health patients detained in hospital wards for up to 21 years

 Library image. One patient at Birmingham and Solihull mental health NHS foundation trust spent 7,914 days – more than 21 years – in one of the wards. Photograph: Christopher Thomond/The Guardian A patient locked in a secure ward for more than 21 years is among hundreds of people with mental health problems being kept in what one MP has called “old-style asylums” in NHS hospitals, an investigation can reveal. Keeping people in so-called “locked rehabilitation wards” has been condemned as “outdated and sometimes institutionalised care”, by the NHS watchdog, with many patients…

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Gold merits a seat in larger investment portfolio

NEW DELHI: Down the ages, people have hoarded gold as a proven stock of value even in uncertain times. In civilizations like India and China that have witnessed invasions, disastrous natural calamities and at times mass migrations, gold has become the ultimate investment portfolio. No wonder, every family and every place of worship in these two Asian giants have hoarded gold. Two years ago, the Tirumala Tirupati Devasthanams at Tirupathi, which manages one of the world’s richest temples, deposited 2,780 kg of gold with the State Bank of India under…

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These South African jobs will disappear as technology takes over

The National Economic Development and Labour Council (Nedlac) has released a new report looking at how the fourth industrial revolution is set to hit jobs in the country. Overall, respondents were of the opinion that automation, globalisation and demographic change could have a significant impact on their industries, causing some jobs and activities to disappear, while creating opportunities for new jobs and activities to emerge. “The speed and depth of technology adoption drives business growth, new job creation and the need for augmentation of existing jobs, provided it can fully leverage the…

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What are travel cards. Do you need it?

Mumbai: Travel is fun. And the right tools can make travel even more fun. Have you considered opting for a travel credit card? “The first thing that people associate with travel cards are air miles. However, travel cards also come with other features,” said Navin Chandani, chief business development officer, Bankbazaar. To know more, read on. What are travel cards? A travel card is a type of credit card that is specifically designed keeping in mind the needs of a traveller. A normal credit card gives you rewards in form of cashback…

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Sleep myths ‘damaging your health’

Widely held myths about sleep are damaging our health and our mood, as well as shortening our lives, say researchers. A team at New York University trawled the internet to find the most common claims about a good night’s kip. Then, in a study published in the journal Sleep Health, they matched the claims to the best scientific evidence. They hope that dispelling sleep myths will improve people’s physical and mental health and well-being. So, how many are you guilty of? Myth 1 – You can cope on less than…

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