Mental health patients in crisis because of coronavirus cutbacks

People with mental health problems are ending up in crisis and at higher risk of suicide because they cannot get their usual help from the NHS during the lockdown, a leading charity has warned. Those struggling with serious conditions have found it hard to cope because their appointments have been cancelled and they have had trouble getting support from their GP, the mental health charity Mind said. The lack of care increased the danger of them self-harming, it said. One in four people who have tried to access help to…

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Want to retire rich? Follow this mutual funds investment strategy, say experts

Retirement Planning: The most preferred retirement wish of each earning individual is to retire rich or have that much of the maturity amount, which is enough to meet their financial requirements post-retirement. Mutual Funds are one of the most preferred investment tools among Indian investors for achieving their long-term investment goals. However, when it comes to deciding the mutual funds tool while allocating funds to one’s portfolio, which mutual fund category will be better suited for retirement plan becomes a hectic task. As the mutual fund has small-cap, mid-cap and large-cap…

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BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS, MEDICAL SUPPLIES FOR CORONAVIRUS

IN RECENT WEEKS, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis. The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do…

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Bandhan Bank to invest ₹300 crore in Yes Bank

MUMBAI: Private sector lender Bandhan Bank on Saturday said it will invest ₹300 crore in Yes Bank under the bank’s reconstruction scheme, taking the total investment proposal to ₹10,650 crore. The bank said it will acquire 30 crore equity shares of ₹2 each at a premium of ₹8 per equity share, constituting less than 5% of the new issued and paid-up equity share capital of Yes Bank. “As per the Scheme of Reconstruction, 75% of the total investment of the bank would be locked in for three years,” Bandhan Bank said in a regulatory…

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What to ask yourself before making any investment moves as the market falls

As the stock market sinks, you’ve probably already heard not to check your 401(k). Yet when it comes to steering your personal financial plan in a turbulent time, it’s still wise to take a proactive approach, according to Michael Liersch, a behavioral finance expert and global head of wealth planning and advice at JPMorgan Chase. Generally, people tend to take one of two strategies to uncertain markets, Liersch said. Either they decide on action no matter what or stick to a do-nothing approach. Those extreme approaches tend to happen when individual…

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Infosys writes off investment in Waterline as third startup bet turns sour

India-based multinational information technology services provider Infosys Ltd. has written off its investment in a United States startup that offers data discovery and governance software. The California-based startup called Waterline Data Inc., founded in 2013, will be acquired by a subsidiary of Japan’s Hitachi by the end of this month. This is the third startup bet that has turned sour for Infosys. The IT major had invested in Waterline through its $500 million Innovation Fund, launched in 2015. It first invested $4 million in January 2016. In March 2018, it bet a further…

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