India plans to cut oil imports from Iran, say officials

India is looking at slashing oil imports from Iran, and replacing them with more purchases from Saudi Arabia and Kuwait after US re-imposed sanctions on the Persian Gulf nation, government and industry officials said on Thursday. While a final view on US asking India and China to cut Iranian oil imports has not yet been taken, the petroleum ministry has asked refiners to tread cautiously and start looking at alternatives, they said. Bringing down imports to zero, as desired by the US, may however not be feasible, officials said. The…

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Gut microbes could lead to depression in obesity

Turns out, gut microbes may contribute to depression and anxiety in obesity. Researchers at Joslin Diabetes Center studied mice that become obese when put on a high-fat diet. The Joslin scientists found that mice on a high-fat diet showed significantly more signs of anxiety, depression and obsessive behaviour than animals on standard diets. “As endocrinologists, we often hear people say that they feel differently when they’ve eaten different foods,” said C. Ronald Kahn, M.D., co-Head of the Section on Integrative Physiology and Metabolism at Joslin. His lab has long studied…

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Quit smoking and lose weight for successful arthritis treatment

Obesity in women and smoking in men can hinder the treatment of rheumatoid arthritis, a study by McGill University in Canada, has found. Although early identification and aggressive treatment of rheumatoid arthritis (RA) improves outcomes, this study showed that 46% of women and 38% of men did not achieve remission in the first year despite receiving guideline-based care. Multivariable analysis highlighted that obesity more than doubled the likelihood of not achieving remission in women. Other predictors were minority status, lower education, higher tender joint counts and fatigue scores at baseline.…

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This protein analysis can help provide better cancer treatments

A new analysis has been found, which can reveal new cancer treatments, a new study has claimed. According to the research, a thorough protein analysis can point to new ways cancer can be beaten. Researchers used lab technology called mass spectrometry to study the proteins expressed by human cancer cells. The advance step allowed for the quantitation of thousands of tumour proteins over the course of several hours. The strategy was used to identify several proteins that were over-expressed in a rare form of bladder cancer that did not respond…

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Want to invest in ‘value’ stocks like Buffett? Look at these funds

Value investing is a strategy to spot stocks trading below their intrinsic values. The domestic equity market is going through a rough patch this year amid subdued macroeconomic triggers. Rising crude oil prices, slower-than-expected earnings growth, trade war concerns and a falling rupee have dragged midcaps and smallcaps down by up to 15 per cent so far in 2018. Voices are still echoing in the market that the risk-reward ratio in second-rung stocks is still not in favour of investors despite the recent correction. New investors who have entered the market in…

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Filing Income-Tax Returns: 5 tax implications of mutual fund investments

If you are a  mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…

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