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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Nippon India Mutual Fund marks down its investment in Yes Bank to zero

NEW DELHI : Nippon India Mutual Fund on Friday said it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of ₹2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said. The announcement came hours after Yes Bank was placed under a…

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Say yes to bananas and avocados. Eating them daily may prevent heart disease

Banana is beneficial for the health in more ways than one, while avocado is a great choice for people on a diet. Now, researchers have found that eating one banana and an avocado a day may prevent hardening of the arteries that can result in heart disease and death. The study, conducted on mice, showed these foods that are rich in potassium reduces vascular calcification – common complication in both heart and kidney disease. Calcification happens when calcium builds up in body tissue, blood vessels, or organs. This buildup can harden and disrupt…

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Will drastically cutting calories help you live longer? Yes, say a bunch of extremely hangry monkeys.

NOT SHOVELING LOADS of food into your mouth is a guaranteed way to keep pounds off—but can limiting calories also keep you alive longer? Multiple studies over the past few years have hinted that it might. But it took a monkey race to finally get to the bottom of it. For years, researchers at the University of Wisconsin-Madison (UWM) and the National Institute on Aging (NIA) conducted dueling experiments on monkeys to attempt to come up with a definitive answer. For example: In 2009, the Wisconsin team announced the results…

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The year of yes

When it comes to yourself, ‘yes’ is more. Do you want to change your life this year? Then, you must inculcate the habit of saying yes far more often than you usually do. ‘Yes’ holds the key to greater empowerment. In her TED Talk, Hollywood’s ace writer and producer Shonda Rhimes said how saying yes to everything gave her power. For one year, she said YES to everything that scared her. She learned to explore, empower, applaud, and love her truest self. POWER OF SAYING YES Saying ‘yes’ to everything…

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