Banking metal stocks keep indices under pressure Hindalco major loser

first_imgDomestic equity indices continued to trade sideways with marginal losses as banking, oil and gas and metal stocks continued to face selling pressure in the afternoon trade. Lack of any visible trigger resulted in a tepid performance of equities.While the 30-share index Sensex was trading 0.12 percent lower at 26,486.26 (1.27 pm), the 50-share index Nifty was at 8,141.05, down 0.16 percent on Friday trade. Among indices, shares of bank, FMCG, healthcare, metals and oil and gas were trading in the red, dragging the market in the afternoon trade. However, auto and IT stocks provided some support to the market indices.Meantime, market breadth was negative with 1,074 advances and 1,297 declines. Hindalco was the major loser with its shares down 3.72 percent in the morning trade at Rs 169.55. Bharti Airtel, ONGC, Tata Power and UltraTech Cement were the other major losers on Friday trade.Among gainers, Tata Motors was the major winner with its shares gaining 2.09 percent to trade at Rs 472.90. Zee Entertainment, HDFC, Bharti Infratel and Infosys also saw buying from investors.In the global front, performance of Asian indices remained mixed as major Asian currencies saw depreciation after US Fed hiked interest rates. Post US Federal Reserve’s hike of interest rate by 25 basis points, Chinese yuan touched its lowest point against dollar since May 2008. Weakness in Japanese yen also pushed Nikkei higher on Friday. US Federal Reserve hiked interest rate by 25 basis points to 0.75 percent from 0.5 percent earlier on Wednesday with an outlook of three rate hikes next year. US stocks rose on Thursday led by banking shares, supplementing the uptrend.Meanwhile, Indian currency was trading 0.10 percent lower at 67.76 against dollar on Friday. Among commodities, oil companies in West Asian nations informed customers about supply cuts in the near future, which pushed West Texas Intermediate (WTI) crude to touch $51.08 per barrel in US market.last_img read more

Conditions for Egypts Morsi could lead to premature death Report

first_imgEgyptian president Mohamed MorsiDeposed Egyptian president Mohamed Morsi is being detained in conditions that fail to meet international standards and could lead to his premature death, according to a report released Wednesday by three British lawmakers.Morsi, who has a history of ill-health including diabetes, liver and kidney disease, is not receiving the adequate medical care required, the members of parliament found.The parliamentarians — who formed an Independent Detention Review Panel — also highlighted that 66-year-old Morsi is kept in solitary confinement for 23 hours a day, with just one hour for him to exercise alone.That could be classified as torture by the UN special rapporteur on torture and other cruel, inhuman or degrading treatment or punishment, the panel noted.”Our conclusions are stark,” said panel chair Crispin Blunt MP, presenting the findings in London. “On his health, the denial of basic medical treatment to which he is entitled could lead to his premature death.”The whole overseeing chain of command up to the current president would have responsibility for this.”The panel requested to visit Morsi in prison to review detention and health conditions, but said it received no response from Egyptian authorities.The report was compiled using “all available testimonies”, including witness statements, reports by NGOs and evidence submitted independently, it added.Abdullah Morsi, Morsi’s son, who told the panel he has been denied access to the deposed president along with other relatives and his legal team, was quoted as saying in the statement that their “fears and concerns have been confirmed by the findings”.He called on the international community to condemn his father’s treatment and “push the Egyptian government to allow his family to visit, and for him to receive medical care”.”We do not want him to die in prison,” he added.Morsi was Egypt’s first democratically elected civilian president following the 2011 overthrow of longtime leader Hosni Mubarak during the Arab Spring uprisings.But his year in power proved deeply divisive and he was ousted by current president Abdel Fattah al-Sisi, then the army chief, amid mass protests in 2013.last_img read more

ATM fraud case Probe reveals cloning of cards used to take place

first_imgKolkata: In a major revelation in connection with the ATM fraud case, the city police has come to know that the cloning of debit cards used to take place in a neighbouring country. The cloning of cards was done using details stolen from debit cards in Kolkata.The police have come to know about the information after the arrest of Adre Liviu and Cornel Constantine from Indore on Thursday.It has come to light that members of the Romanian gang used to install skimming machines in ATM counters in Kolkata. They used to remove the skimming machine after it had read details of some cards swiped at the ATM counter for any transaction. Also Read – Rain batters Kolkata, cripples normal lifeThey extracted the stored data from the skimming machines and sent the same to their counterparts in theneighbouring country to prepare the clone cards. It took them around two to two and a half months to prepare a clone card.The cards were then sent to members of the Romanian gang in Delhi and using the same, cash was withdrawn from different ATMs in Delhi.Preliminary investigation has revealed that Adre was the main person in charge of installing the skimming machines at ATM counters. Both Adre and Cornel were close associates of another Romanian national Nana, who was arrested from the Indo-Nepal border on Wednesday by Customs. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedHe was later handed over to Kolkata Police. The police had come to know about Adre and Cornel from Nana.The duo had realised that they would also get arrested after Nana was caught. So they were also trying to flee from the country. The car in which they were travelling was fitted with a GPS system and it enabled the police to track them with the help of Indore Police.Preliminary investigation has revealed that Nana and the duo had connection with their counterparts in the neighbouring country. A shop has also been identified in the neighbouring country, where the cloning of cards used to take place. A team comprising members of the Special Investigation Team (SIT) are in constant touch with the security agency in the neighbouring country and may visit the place to further probe the case.The arrested persons have been brought to Kolkata on Friday and they were produced before the Bankshall Court. The police suspect that there could be more people involved in the crime and officers in the SIT are trying to ascertain the same.last_img read more

Top Canadian Schools That Dont Require the GMAT

first_img About the AuthorKelly Vo    Kelly Vo is a writer who specializes in covering MBA programs, digital marketing, and personal development.View more posts by Kelly Vo Last Updated Jan 7, 2019 by Kelly VoFacebookTwitterLinkedinemail Top Canadian Schools That Don’t Require the GMAT RelatedNo Work Experience? Check Out These Canadian MBA ProgramsThe question of what differentiates you from the pack during the MBA application process is a daunting one. How will your stellar GPA, along with a miles-long list of extracurriculars, volunteer work, and other experiences stand out? Furthermore, what if you just haven’t had the time to earn years of…February 5, 2019In “Admissions Tips”Toronto MBAs That Don’t Require The GMAT/GRECurrent resume, two or more references, personal essays … these are just a few of the pieces that will be required of students applying for an MBA program. But perhaps the most stressful part of applying to an MBA program comes in the form of that GMAT/GRE—the daunting graduate admissions…December 8, 2016In “Featured Home”No GMAT/GRE Required at These Houston MBA ProgramsThere’s a lot of work that goes into your MBA application. Not only do you have to write individual essays for each school and tailor your resume, but you also have to get letters of recommendation and perform well in an interview. And for those bad test-takers, there’s one other…December 5, 2016In “Admissions Tips”center_img regions: Toronto Applying to an MBA program without a GMAT score can be a tricky business. Most business schools in the U.S. and Canada require a competitive GMAT score to be considered for admissions. However, that’s not always possible for every applicant.If you are an MBA candidate who’s not great at taking tests or earned a low GMAT score, don’t worry; you’re not out of luck. There are five programs in Canada that will accept your MBA application without the GMAT, as long as you meet certain specific other requirements.These are the top Canadian schools that don’t require a GMAT. Queen’s University Smith School of BusinessAt Queen’s University Smith School of Business, you do not need the GMAT if you apply to the Accelerated MBA for Business Graduates program. Ranked by The Economist as the third best business school in Canada, this prestigious program is available in Vancouver, Calgary, Edmonton, Toronto, Mississauga, Markham, Ottawa, and Montreal.To enroll, applicants need two years of work experience and an undergraduate degree in business or a related field, such as: statistics; management information systems; accounting; marketing; etc. MBA students complete their degree in just 12 months while they continue to work, earning an education that builds upon the fundamentals that students already have.Instead of a GMAT score, this program relies on your application, resume, official transcripts, cover letter, references, and personal interview to decide if you are an appropriate candidate. Applicants are evaluated on their work experience, academic background, and leadership skills. However, if any of these areas are weak, the school may recommend a completed GMAT score to enhance your application.Schulich School of Business – York UniversityAt York University’s Schulich School of Business, the GMAT requirement for the full-time MBA program can be waived if you meet specific criteria. First, the student must have graduated from the Schulich BBA or iBBA programs within the last five years. Second, their GPA must have been an average of a B+ or higher. Under these two scenarios, a GMAT score is not required.Ranked by The Economist as the second best program in Canada, the Schulich MBA is known for its flexible study options and extensive selection of specialization options. Students can choose between both full and part-time enrollment and 18 areas of study. Making this a uniquely customizable MBA.Beyond waiving the GMAT, candidates interested in applying to Schulich must have at least two years of work experience and filled out an application that includes three essays, two videos, one resume, two references, and transcripts. Applications for entry for September 2019 have already begun with Round 2 on February 1, 2019, and Round 3 on March 15, 2019.Lakehead University Thunder Bay and Orilla, ONAt Lakehead University, a GMAT score is not required for admissions to the MBA program if you successfully complete the Business Skills Development Program offered by the Faculty of Business Administration. This six-module program must be completed with a minimum average grade of 70 percent.YOU MAY ALSO LIKE: Toronto MBA Programs that Don’t Require the GMAT or GREThe full-time MBA program at Lakehead University is one year in length—three terms—and provides students with a comprehensive and integrated knowledge of business and management. Students will develop their analytical, decision-making, and communication skills throughout the course of the program.Beyond the GMAT replacement modules, students must fill out a completed application to be considered. This application includes official transcripts, references, and a statement of academic intent.Thompson Rivers University Business and EconomicsAt the Thompson Rivers University Business and Economics school, MBA candidates are not required to submit a GMAT score. It is a completely optional requirement that is to be used as supplementary information. Instead, to apply, students must focus on demonstrating their quantitative and computing skills through education and work experience.The MBA program at TRU can be completed on a full-time or part-time basis. Full-time students graduate in two years, taking courses in managerial statistics, human resource management, strategic management information systems, and more. Part-time students can graduate in five years, though there is also an accelerated one-year program.To apply to the TRU one-year MBA program, applicants must have completed a three or four-year undergraduate degree with a GPA of at least 3.0. Other application requirements include the TOEFL language test, IELTS test, or completion of the TRU ENGL 1100 course to demonstrate language proficiency.New York Institute of Technology, Vancouver, BCThe New York Institute of Technology in Vancouver, BC offers both a Management MBA and a Finance MBA that do not require GMAT scores for admission. Instead, the GMAT is used as supplemental information only helpful if your score is satisfactory.The Management MBA offered at NYIT is highly flexible with classes offered in New York, China, Abu Dhabi, and, of course, Vancouver. It’s an AACSB-accredited degree that offers students leadership and professional experience through coursework and participation in industry associations.Other application information required by the New York Institute of Technology includes an undergraduate degree from an accredited college, a 3.0 GPA, official transcripts, and a completed application.last_img read more