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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Crusader Kings 3 shows off character Lifestyle focus, events, and skill trees

Crusader Kings 3 is shaping up to bring a combination of grand strategy and roleplaying, and the latest dev diary showcases these mechanics. We get to see character Lifestyles, events, focus, skill trees, perks, and even tidbits about intrigue and torture. Check out the video below: Crusader Kings 3: Character Lifestyles To be fair, Crusader Kings 2‘s roleplaying aspects were quite lacking when it originally released. It took the release of the Way of Life DLC to completely change the way you’d start building your characters. It’s no wonder that I considered it one of…

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Social media putting young people off alcohol, C&C warned

Social media culture is putting people off alcohol, posing challenges to Bulmers-maker C&C, analysts at investment bank Berenberg have told clients. Shares in the company fell 2.6pc in Dublin yesterday after the analysts cut their rating on the company’s stock to ‘sell’. C&C’s stock has been boosted since its acquisition of UK wholesaler Matthew Clark Bibendum, but Berenberg believes market expectations for the company are too high. It says the company’s drinks brands – including Bulmers and Magners cider and Tennent’s lager – are facing structural challenges due to demographics.…

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Breastfeeding might cut off stroke risk: Study

A new research has found that breastfeeding can reduce stroke risk in post-menopausal women. The study, which was published in the Journal of the American Heart Association showed 23 per cent lower risk of stroke among breastfeeding women. “Some studies have reported that breastfeeding may reduce the rates of breast cancer, ovarian cancer and risk of developing Type-2 diabetes in mothers,” said lead author Lisette T. Jacobson, Assistant Professor at the University of Kansas School of Medicine-Wichita. Recent findings point to the benefits of breastfeeding on heart disease and other…

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Switch off the TV, too much screen time can cause heart disease and cancer

Spending too much time watching TV can be injurious to health. A new study done by the University of Glasgow and published in BMC Medicine reveals a link between higher risk of mortality and cardiovascular disease. The effect was more among those with low fitness, low muscle strength or physical activity levels. Previous studies linked increased screen time with bowel cancer for men as well as diabetes, obesity and a weak heart. Discretionary screen time, time spent watching TV or looking at a computer screen during leisure time, is an important contributor to…

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SBI, IFCI, United Bank scout for buyers to clear off Rs16,349 crore NPA

SBI has asked the bidders to submit expression of interest by 9 March 2018 and further to complete the due diligence by 22 March. Photo: Indranil Bhoumik/Mint New Delhi: State-owned State Bank of India (SBI), United Bank of India (UBI) and long-term infrastructure lender IFCI are looking for buyers to sell as many as 110 accounts that have turned dud to recover dues over Rs16,349 crore. All the three have invited bids today from eligible banks, financial institutions, asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) to prune such non-performing…

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