‘Ridiculous,’ Says Kanhaiya Kumar As Smriti Irani’s Ministry Ranks JNU At 3

Both JNU and the Hyderabad University have been at the centre of massive rows that have led to student protests against Smriti Irani. NEW DELHI:  Kanhaiya Kumar, the JNU student arrested on charges of sedition last month, has said it is “ridiculous” that the university has been ranked number 3 in the country by the Centre’s education ministry. “Feels ridiculous that on one hand the Ministry of Human Resource Development is attacking us over autonomy and on the other hand we are on this list,” said Mr Kumar, who is…

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Caffeine May Not be As Bad As You Think!

For all you coffee lovers, here’s a piece of good news. This new study gives you another reason to drink up. A team of researchers including an Indian-origin medical student now report that regular caffeine consumption does not lead to extra heartbeats or abnormal rhythms as may have been believed earlier. When your heart beats out of rhythm, it may affect the delivery of blood through your body which can cause stroke or heart attacks. The study conducted at the University of California-San Francisco (UCSF), measured the chronic consumption of…

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Foxconn Seals $3.5 Billion Takeover of Sharp as Execs Seek to Shake Off Doubts

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes. At a packed news conference following the signing of the $3.5 billion deal, Foxconn CEO Terry Gou ducked questions about how – and when – Sharp would become profitable again, but expressed confidence in the Japanese company’s ability to bounce back with its highly regarded technology. Gou pointed to Sharp’s…

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Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place. U.S. crude futures were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from their last close. Traders said reports that commodity merchant Gunvor was the latest company to export U.S. sweet crude also supported WTI prices. Brent crude futures were at $40.70 a…

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Gold Hits 13-month Top On Firm Euro As ECB Signals Rate Cut End

Manila: Gold climbed to a 13-month high on Friday before pulling back slightly, as the euro hovered near a three-week peak against the dollar after the European Central Bank signalled it was done reducing interest rates for now. After rolling out bold measures to boost the euro zone economies, including increased asset buying and a deeper cut to deposit rates, ECB President Mario Draghi on Thursday signalled there would be no further rate cuts. Spot gold rose as far as $1,282.51 an ounce, its strongest since Feb. 3, 2015, and…

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