Shuja Shabbir

Blog
-

Month: July 2018

How Hearing Works

Posted on

How Hearing Works

 

How Hearing Works

How Hearing Works.

Posted by Hashem Al-Ghaili on Friday, July 13, 2018

 

how hearing works

 

Hearing is an essential part of how we communicate with others and become aware of sounds that happen in our immediate environment. Our hearing abilities start in our ears with the channeling of sound along the hearing pathway which are turned into electrical signs that travel to the brain (shown in the diagram above).

The hearing pathway is divided into four distinct sections that play important and unique parts in our overall hearing abilities.

These sections are shown below show in more detail how hearing works:

  • Outer Ear
  • Middle Ear
  • Inner Ear
  • Vestibule.

Hearing Loss occurs when one or more parts of the ear and/or the parts of the brain that make up the hearing pathway do not function normally.

For a quick and visual overview of how hearing works, hearing loss and hearing technologies try using our Interactive Ear.

Outer Ear

outerear

The Outer Ear captures and concentrates the sounds we hear and channels them into the Middle Ear. The Outer Ear is made up of two parts called the Pinna and the Ear Canal. The Pinna is a soft and flexible tissue that makes up the most of the visible ear. It plays an important role in shaping the sound to help the brain work out the direction from which sounds are coming.

The Ear Canal is the physical pathway that directs sound, which has arrived at the Outer Ear, also known as the Pinna into the Middle Ear.

Middle Ear

middle

The Middle Ear starts with the Tympanic Membrane, better known as the Eardrum, which vibrates due to differences in pressure caused by soundwaves.

The Eardrum is connected to three small interconnected bones called the Ossicles that vibrate with the Eardrum.

The last of these bones, called the Stapes, the passes on these vibrations into the Inner Ear.

 

Inner Ear

InnerEar

The Inner Ear contains the organs that create our sense of hearing and balance. The Cochlea is the organ in that converts mechanical sound vibrations into nerve signals. using hair-like nerve filaments, called hair cells. These hair cells are arranged so that different cells respond to different pitches.

The electrical currents produced in the Cochlea are then transmitted to the auditory nerve, which passs through several ‘relay stations’ in the Brainstem before reaching a more complex part of the brain, the Auditory Cortex, where the information contained sound can interpret and understood.

The Vestibule

vestibule

The Vestibule, with its Semicircular Canals, is the organ that provides us with our sense of balance, direction and spatial orientation. Vestibule problems can be linked to hearing problems such as Hyperacusis,Meniere’s Disease, Tinnitus and Vertigo, which can also affect a person’s balance.

 

 

https://youtu.be/0NJ_EAQjR3c

 

 

 

 

 

This entry was posted in SCI & TECH, Science, Videos.

How Mosquitoes Use Six Needles to Suck Your Blood

Posted on

 How Mosquitoes Use Six Needles to Suck Your Blood

An Anopheles mosquito bites into a human arm.An Anopheles mosquito bites into a human arm. (Josh Cassidy/KQED)

 

“Why are some people more likely to get bitten than others?” asked Luckhart. “The volatile fatty acids given off by our skin are quite different. They reflect differences between men and women, even what we’ve eaten. Those cues are different from person to person. There’s probably not one or two. It’s the blend that’s more or less attractive.”

Researchers still haven’t figured out what about their volatile fatty acids makes some people more attractive to mosquitoes than others. What scientists have recently discovered is that once a mosquito’s proboscis pierces the skin, one of its six needles, called the labrum, uses receptors on its tip to find a blood vessel.

“Those receptors responded to the chemicals in the blood,” said UC Davis biochemist Walter Leal, whose lab made the finding. “Mosquitoes don’t find the blood vessel randomly.”

Instead, chemicals in our blood waft up like a “bouquet of smells” that guides the way — unwittingly, but surely — to our blood vessel. The labrum then pierces the vessel and serves as a straw.

UC Davis post-doctoral researcher Young-Moo Choo, in Leal’s lab, discovered a receptor by dissecting mosquitoes’ mouthparts and genetically testing them. Choo hopes his finding of this receptor, called 4EP, and the discovery of other receptors on the labrum, will help drug companies develop new mosquito repellents.

“First they’d need to find a repellent against the receptors,” said Choo. “Then they’d treat people’s skin with it. When the mosquito tried to penetrate the skin, it would taste or smell something repulsive and fly away.”

Scientists have been trying to figure out the anatomy of the mosquito bite for decades. It’s a job made difficult by the challenge of dissecting mosquitoes’ delicate mouthparts, which tend to fall apart in the hands of beginners. Choo attributed his dissecting abilities to his experience using chopsticks in his native South Korea. Video, powerful microscopes and genetic analyses have helped researchers figure out how the feeding system works.

 

A protective sheath called the labium bends back as a mosquito pushes needle-like mouthparts into human skin.A protective sheath called the labium bends back as a mosquito pushes needle-like mouthparts into human skin. (Josh Cassidy/KQED)

 

When a mosquito pierces the skin, a flexible lip-like sheath called the labium scrolls up and stays outside as she pushes in six needle-like parts that scientists refer to as stylets.

Two of these needles, called maxillae, have tiny teeth. The mosquito uses them to saw through the skin. They’re so sharp you can barely feel the mosquito biting you.

“They’re like drill bits,” said Leal.

Another set of needles, the mandibles, hold tissues apart while the mosquito works.

This illustration shows the six needle-like mouthparts that female mosquitoes use to bite us. They use two maxillae (blue) to saw into the skin and two mandibles (yellow) to hold the tissues apart as they saw. They drool saliva into us with the hypopharynx (green) and suck up blood with the labrum (red). This illustration shows the six needle-like mouthparts that female mosquitoes use to bite us. They use two maxillae (blue) to saw into the skin and two mandibles (yellow) to hold the tissues apart as they saw. They drool saliva into us with the hypopharynx (green) and suck up blood with the labrum (red). (Teodros Hailye/KQED, based on research by Young-Moo Choo and colleagues)

In 2012, scientists at the Pasteur Institute in France filmed what happened once a mosquito proboscis had penetrated through mouse skin. The video shows the sharp-tipped labrum needle probing under the mouse’s skin, then piercing a vessel and sucking blood from it.

The labrum is shaped like a gutter. In order to become a straw it actually needs another mouthpart to lay over it. That mouthpart, called the hypopharynx, serves a dual purpose, as it also allows the mosquito to drool saliva into us.

 

When a female mosquito feeds, she separates the water from the red blood cells and squeezes it out through her rear end to make room for more blood.When a female mosquito feeds, she separates the water from the red blood cells and squeezes it out through her rear end to make room for more blood. (Josh Cassidy/KQED)

As a mosquito’s gut fills up with blood, she separates the water in the blood from the red blood cells and squeezes it out through her rear end.

“She does that to concentrate the red blood cells,” said Luckhart. “The red blood cells provide a large protein component.”

By squeezing water out, she can fit five to ten times more blood inside her.

The sixth needle — called the hypopharynx — drips saliva into us which contains chemicals that keep our blood flowing.

“Your blood tends to coagulate immediately upon contact with the air,” said Leal. “They spit some chemicals so the blood doesn’t coagulate.”

The common house mosquito in California (Culex pipiens) can transmit West Nile virus by biting infected birds, then biting humans. The common house mosquito in California (Culex pipiens) can transmit West Nile virus by biting infected birds, then biting humans. (Josh Cassidy/KQED)

Mosquito saliva also makes our blood vessels dilate, blocks our immune response and lubricates the proboscis. And it causes us to develop itchy welts, and serves as a conduit for dangerous viruses and parasites.

“Infected mosquitoes spit highly variable doses, anywhere from one infectious virion to 10,000,” said UC Davis virologist Lark Coffey, referring to virus particles. “The number of virions needed to productively infect mice can be as low as one. In theory, one might be enough to cause diseases like dengue or West Nile.”

It only takes eight to 20 early-stage malaria organisms to cause the disease.

“Within 20 minutes they make it to the human liver,” said Luckhart. “It’s a very fast process.”

The results of that speedy delivery are deadly. Malaria sickened more than 300 million people in 2015, and killed roughly 635,000, mostly children under the age of five and pregnant women in sub-Saharan Africa.

“It’s probably an underestimate,” said UC Davis medical entomologist Gregory Lanzaro, “because reporting is terrible.”

Dengue fever, a disease transmitted by striped black and white mosquitoes called Aedes aegypti, is estimated to make almost 400 million people sick with jabbing joint pain each year, including a recent outbreak in Hawaii that sickened 260.

Aedes aegypti mosquitoes transmit the viruses that cause Zika and dengue. They bite during the day and can lay their eggs in as little as a bottle-cap-full of water.Aedes aegypti mosquitoes transmit the viruses that cause Zika and dengue. They bite during the day and can lay their eggs in as little as a bottle cap full of water. (Josh Cassidy/KQED)

Scientists also believe that Aedes aegypti mosquitoes are the main culprit for more than 350 confirmed cases of congenital malformations associated with the Zika virus in the northeastern Brazilian state of Pernambuco. Since last October, an unusually high number of babies have been born there with small heads and a host of health problems like convulsions and persistent crying suspected of being caused by a Zika virus infection early in their mother’s pregnancy.

“We don’t yet know these babies’ life expectancy,” said Dr. Regina Ramos, who cares for these babies at the University of Pernambuco’s Oswaldo Cruz Hospital and participated via Skype in a symposium on Zika at UC Davis on May 26.

Aedes aegypti mosquitoes arrived in California in 2013, to the town of Clovis, near Fresno, and they’ve since been found in pockets throughout California, including Hayward and San Mateo. No locally transmitted cases of Zika have occurred in the continental U.S., though three babies with malformations associated to the virus have been born to mothers who contracted the disease elsewhere.

Mosquitoes don’t get anything out of making us sick ― they just incidentally pass germs onto us. In fact, researchers have found that some viruses started out as mosquito-only viruses. This isn’t hard to believe, as mosquitoes developed 200 million years before humans.

“As mosquitoes evolved the habit of drinking blood, some viruses have tracked that evolutionary path and become human-vectored viruses,” said microbiologist Shannon Bennett, chief of science at the California Academy of Sciences.

 

How Mosquitoes Use Six Needles to Suck Your Blood

Seen up close, the anatomy of a mosquito bite is terrifying. The most dangerous animal in the world uses six needle-like mouthparts to saw into our skin, tap a blood vessel and sometimes leave a dangerous parting gift.

Posted by Deep Look • PBS on Thursday, July 12, 2018

 

This entry was posted in SCI & TECH, Videos.

New Self-Healing Concrete Uses Fungus To Fix Cracks

Posted on

USING FUNGI TO FIX BRIDGES

Assistant professor Congrui Jin (center) with two Binghamton University graduate students from the Mechanical Engineering Department. Image Credit: Jonathan Cohen.

Binghamton University researchers have been working on a self-healing concrete that uses a specific type of fungi as a healing agent.

[youtube https://www.youtube.com/watch?v=IC88GhAiXgk?showinfo=1&controls=1&modestbranding=1&portrait=0&rel=0&enablejsapi=1&origin=https:%2F%2Fwww.binghamton.edu]

America’s crumbling infrastructure has been a topic of ongoing discussion in political debates and campaign rallies. The problem of aging bridges and increasingly dangerous roads is one that has been well documented and there seems to be a consensus from both democrats and republicans that something must be done.

However, spending on infrastructure improvement has continually gone down. The New York Times reported in 2016, based on a report for the Bureau of Economic Analysis, that “in the 1950s and ’60s, federal, state and local governments were spending twice as much on the nation’s public infrastructure, relative to the size of the economy, as they are today.”

The hesitancy to invest in America’s infrastructure may come from a number of sources, but the fact remains that most want something to be done before the consequences are too severe.

Binghamton University assistant professor Congrui Jin has been working on this problem since 2013, and recently published her paper “Interactions of fungi with concrete: significant importance for bio-based self-healing concrete” in the academic journal Construction & Building Materials.

This research is the first application of fungi for self-healing concrete, a low-cost, pollution-free and sustainable approach.

New Self-Healing Concrete Uses Fungus To Fix Cracks

New self-healing concrete uses fungus to fix cracks.

Posted by Hashem Al-Ghaili on Thursday, July 5, 2018

Why is infrastructure crumbling?

Jin’s studies have looked specifically at concrete and found that the problem stems from the smallest of cracks in the concrete.

“Without proper treatment, cracks tend to progress further and eventually require costly repair,” said Jin. “If micro-cracks expand and reach the steel reinforcement, not only the concrete will be attacked, but also the reinforcement will be corroded, as it is exposed to water, oxygen, possibly CO2 and chlorides, leading to structural failure.”

These cracks can cause huge and sometimes unseen problems for infrastructure. One potentially critical example is the case of nuclear power plants that may use concrete for radiation shielding.

What can be done?

While remaking a structure would replace the aging concrete, this would only be a short-term fix until more cracks again spring up. Jin wanted to see if there was a way to fix the concrete permanently.

“This idea was originally inspired by the miraculous ability of the human body to heal itself of cuts, bruises and broken bones,” said Jin. “For the damaged skins and tissues, the host will take in nutrients that can produce new substitutes to heal the damaged parts.”

Jin worked with associate professor Ning Zhang from Rutgers University, and professor Guangwen Zhou and associate professor David Davies from Binghamton University with support from the Research Foundation for the State University of New York’s Sustainable Community Transdisciplinary Area of Excellence Program. Together, the team set out to find a way to heal concrete.

The team found an unusual answer, a fungus called Trichoderma reesei.

When this fungus is mixed with concrete, it originally lies dormant — until the first crack appears.

“The fungal spores, together with nutrients, will be placed into the concrete matrix during the mixing process. When cracking occurs, water and oxygen will find their way in. With enough water and oxygen, the dormant fungal spores will germinate, grow and precipitate calcium carbonate to heal the cracks,” explained Jin.

“When the cracks are completely filled and ultimately no more water or oxygen can enter inside, the fungi will again form spores. As the environmental conditions become favorable in later stages, the spores could be wakened again.”

The research is still in fairly early stages with the biggest issue being the survivability of the fungus within the harsh environment of concrete. However, Jin is hopeful that with further adjustments the Trichoderma reesei will be able to effectively fill the cracks.

“There are still significant challenges to bring an efficient self-healing product to the concrete market. In my opinion, further investigation in alternative microorganisms such as fungi and yeasts for the application of self-healing concrete becomes of great potential importance,” said Jin

 

 

This entry was posted in SCI & TECH, Science, Videos.

Market Week Ahead: Top 10 factors that will keep traders busy next week

Posted on

Volatility in the rupee and prices of crude oil, carnage in midcaps and smallcaps, and trade tensions between US and China resulted in a lot of selling pressure in the week gone by

Source: Moneycontrol News@moneycontrolcom

The market corrected by close to a percent this past week, but thanks to Friday’s rally of over one percent on value buying at lower levels, the losses were greatly minimised.

Volatility in the rupee and prices of crude oil, carnage in midcap and smallcap stocks and trade tensions between US and China resulted in a lot of selling pressure.

Broader markets continued to see sharp correction for the second consecutive week, despite recovering on the last day of the quarter, with the Nifty Midcap and BSE Smallcap indices falling 2.2 percent and 3 percent, respectively.

Both indices crashed 14 percent and 16.6 percent in first half of 2018, which was expected after their stellar rally in 2017. This year, they have underperformed the Nifty and Sensex, which gained 1.7 percent and 4 percent, respectively.

 Bears continued to dominate Dalal Street, and their pressure looks like it is here to stay this coming week. Experts said that volatile trade too will remain in the week to come, adding that the focus would slowly shift from global cues to June quarter earnings, which will kick off in the second week of July.

“Nervousness in the market is expected to continue on negative global clues and we will see key indices trading in tight range for the next couple of weeks,” Gaurav Jain, Director at Hem Securities, told Moneycontrol.

Jain said rising fears of a trade war, higher crude prices, and tightening of economies across the globe have hurt the economy and market sentiment. “With no significant events in the coming week, global clues will continue to dominate trading sentiments and stock-specific approach will continue,” he said.

Rajeev Srivastava, Business Head – Securities and Commodities, Reliance Securities, told Moneycontrol that in the backdrop of higher fuel prices, higher interest rate and a weakening rupee scenario, the market may trade in a range and is unlikely to witness any strong appreciation in the next 6-8 months.

He advises investors to invest in quality stocks, which are less vulnerable to macro concerns and have healthy cash flow visibility.

Considering the likely pickup of rural consumption, corporate capital expenditure in the consequence of higher utilisation and recent reforms, Jain is hopeful that corporate earnings will witness double digit growth in coming quarters.

Here are 10 key factors that will keep traders busy next week:

Rupee

The Indian rupee hit an all-time low of 69.09 against the dollar during the week because of higher crude oil prices and strong demand from exporters and banks. It managed to recover 62 paise from the lowest level but failed to end the week on a positive note, ending 0.93 percent weaker at 68.47.

The domestic currency fell for the third consecutive month against the dollar in June and corrected 5 percent in the first quarter of FY19, the biggest quarterly fall since September 2013.

Multiple headwinds like a strong dollar, higher crude prices and concerns related to inflation and fiscal slippage dented sentiment, but interim Finance Minister Piyush Goyal has said that there is no need for a knee jerk reaction to the volatility.

“Rising oil prices, political risk in a pre-election year, low equity risk premia pointing towards relative high valuation and tightening financial conditions in the domestic economy are the major factors which is specifically hurting the rupee,” Anindya Banerjee of Kotak Securities told Moneycontrol.

He said a strong US economy is prompting the US Federal Reserve to tighten monetary policy, and fears of a trade war are affecting most emerging markets were therefore, not a rupee-specific risk.

As a result, carry trade, which is the biggest force driving currency markets, especially EM currencies, is on reverse gear for the rupee in 2018, Banerjee said.

Crude

After the announcement of an increase in supply by OPEC and its allies at their recent meeting, crude oil prices corrected sharply from a three-and-a-half-year high of $80.50 a barrel to around $73 a barrel, but rebounded towards $80 due to unplanned disruption in Canada, Libya and Venezuela.

Another reason why investors were worried were the US’ sanctions on Iran, the fifth largest oil producer in the world, which would reduce a big volume of crude from world markets at a time when demand is rising.

Brent crude futures, the benchmark for international oil prices, jumped 5 percent to $79.44 a dollar during the week.

“As India is the world’s third-largest oil consumer after US and China, with more than 80 percent of its oil demand met through imports, the soaring oil price environment will doubtlessly impact the Indian economy,” CD Equisearch said.

The research firm said market analysts believe that OPEC and its partners could choose to fill up the shortfall created by stress on oil production in Venezuela, Angola and Iran.

“Several countries that are a part of the deal have excess capacity to increase production. US oil producers will also seek to take advantage of the decrease in global oil production but may be confined due to infrastructure bottlenecks and paucity of demand for the extra light grade oil produced by them,” it said.

Auto Sales Data

Auto companies will release their June sales data on July 1 and July 2. So the stock reaction is likely on the coming Monday.

Maruti Suzuki, Tata Motors, TVS Motor, Ashok Leyland, Hero MotoCorp, Bajaj Auto, Eicher Motors, Escorts etc will be in focus.

“Interaction with leading channel partners indicates moderation in retail sales across segments, particularly in rural areas. This can largely be attributed to weak sentiment due to low farm realisations, a delay in the onset of monsoon, and lower crop disbursement by financial institutions,” Motilal Oswal said.

Motilal Oswal Expectations for June sales

Image130062018

Macro Data

Nikkei Manufacturing PMI for June will be released on Monday, followed by Services PMI for the same month on Wednesday.

Foreign Exchange Reserves data for the week ended June 29 will be announced on Friday. Deposit and bad loan growth numbers for the week ended June 22 will also be declared on same day.

Technical Outlook

The Nifty closed the June series below 10,600 levels on Thursday but managed to end the week above 10,700 due to sharp rally on Friday. It was a good start to the July series but bears retained their dominance at Dalal Street as the index lost a percent. Even the Midcap and Smallcap indices failed to get support from bulls as they lost 2-3 percent in a week despite recovery on Friday.

Rangebound move is likely to continue in the coming week and the crucial levels are around 10,550 on the downside and 10,850 on the upside, experts said.

“Index fell sharply from the higher levels and breached the intermediate support of 10,700. Friday’s recovery was quite strong and pulled the index back above 10,700 mark; however it has not damaged the bearish setup. If you got excited about bounce then we think it was a counter trend rise and not a fresh rally. Like we said earlier, bullish possibilities will open up only on a close above 10,900,” Gajendra Prabu, Technical Research Analyst, HDFC Securities told Moneycontrol.

Shabbir Kayyumi, Head – Technical & Derivative Research, Narnolia Financial Advisors said medium term view of range bound movement remains intact as long as indices trade above 10,550. “Nifty RSI near 50 marks also suggests sideways move in coming trading session. Confluences of Fibonacci retracement and 100 EMA round 10,570 levels imply robust support and Nifty will remain strong till it holds above this level.”

Downward sloping trend line connecting previous two major top of 11,121 and 10,929 suggests resistance at 10,850, he added. “Regression line is flat around 10750. We expect sideways movement for next few trading session. On the flip side, Nifty has to close below 10,550 to change this sideways movement thesis.”

Listings

Chemical manufacturer Fine Organic Industries is set to debut on bourses on Monday. The final offer price is fixed at 783 per share. The Rs 600-crore initial public offer was oversubscribed by 8.99 times during June 20-22.

After stellar response to the Rs 466-crore IPO, railways consultancy firm RITES is also going to list its equity shares on same day. The company after consultation with book running lead managers has fixed final issue price at Rs 185 per share. The IPO had garnered strong investor demand, with the issue getting oversubscribed 67.24 times during June 20-22.

Corporate Action

Image230062018

Stocks in Focus

GVK Power: Company initiated the process to monetise its airport assets. Sources told CNBC-TV18 that Paris-based ADP, Singapore’S Changi, Candian Pension Fund and Private Equity Players may be interested in picking up stake.

IDBI Bank: The IRDAI board is likely to have discussed allowing LIC to buy controlling stake in IDBI Bank. Government sources say they will move a cabinet note only after all the regulatory approvals are in place, reports CNBC-TV18. Also former SBI MD B Sriram assumed charge as MD & CEO of the bank effective June 30.

Tata Steel: Company and Thyssenkrupp signed a definitive agreement to create a new European steel champion.

NMDC: Company & Kopano Logistics Services established a 50:50 joint venture company, Kopano-NMDC Minerals to undertake exploration & development of mineral properties in South Africa.

Cadila Healthcare: Zydus gets final approval from US FDA for Triamterene & Hydrochlorothiazide tablets USP.

TCS: Promoter and promoter group of company have communicated their intention to participate in a Rs 16,000 crore share buyback.

HDFC Bank: Managing Director, Aditya Puri told CNBC-TV18 that the bank has no plans to increase foreign branches at this point.

Bank of Maharashtra: MD & CEO RP Marathe & ED RK Gupta divested of functional responsibilties.

Reliance Industries: Company has signed an agreement to acquire US-based open telecom solutions provider Radisys for $1.72 per share in cash. The acquisition is aimed at accelerating Jio’s innovation and technology position in the areas of 5G, IOT and open source architecture adoption.

Viceroy Hotels: As part of the Resolution Process, the Resolution Professional has issued Form G to prospective resolution applicants to submit resolution plan for the company.

Shree Renuka Sugars: After completion of the open offer by Wilmar Sugar Holdings Pte. Ltd, Narendra Murkumbi has stepped-down as the Vice Chairman & Managing Director of the company. He will continue as non-executive director of the company.

Udaipur Cement Works: Approved a project at a capital outlay of Rs 37.50 crore at company’s plant for captive use, and also approved obtaining omnibus approval for raising of funds by way of issue of non-convertible debentures (NCDs) of upto Rs 200 crore at the forthcoming Annual General Meeting.

Parsvnath Developers: Brickwork has re-affirmed the rating ‘B’, assigned to Rs 360 crore non-convertible debentures (Series A) and Rs 244.39 crore non-convertible debentures (Series B) of subsidiary Parsvnath Rail Land Project.

Gujarat Lease Financing: Board has approved the merger of GLFL subsidiaries with GLFL.

Indian Metals & Ferro Alloys: The agitation has been called off with immediate effect. However there would be a loss of around 500 tonnes of ferro chrome production.

Salzer Electronics: Company to acquire two overseas companies – Advanced ID Asia Engineering, Thailand and United Marketing and Trading Limited, Hong Kong.

Welspun Enterprises has received provisional certificate for commercial operation of the Deihi-Meerut Expressway Package-Ol w.e.f. June 28.

Ujaas Energy: CRISIL assigned BBB+/Negative (downgraded from A-/Stable) rating for long term bank loan facilities and A2 (downgraded from A2+) rating for short term bank loan facilities.

Bharat Financial Inclusion completed the second securitisation transaction of Rs 815.75 crore in FY19. With this transaction, the company has completed two securitisation transactions worth Rs 1,365.82 crore in FY19.

Oriental Bank of Commerce has revised base rate from 9.45 percent per annum to 9.50 percent per annum w.e.f. 30.06.2018.

TCS board to consider financial results and interim dividend on July 10

Thermax has concluded an order of Rs 340 crore from a leading Indian steel manufacturer for a specially designed boiler, electric turbo generators and ancillary equipment for their production facility in Maharashtra.

Adani Transmission: Maharashtra Electricity Regulatory Commission approves acquisition of Reliance Infra’s Integrated Business of Generation, Transmission, Distribution and retail of power for Mumbai City by Adani Transmission.

Amber Enterprises: Company has extended the timeline to complete the acquisition of balance stake in Ever Electronics of 51 percent by December 31, 2018 in one or more tranches.

Bosch: Holding company Robert Bosch GmbH plans to sell the packaging machinery business.

Borosil Glass Works: ICRA has placed the long-term rating of A+ and the short-term rating of A1+ assigned earlier to Rs 40 crore Line of Credit on rating watch with developing implications.

Dilip Buildcon: Three wholly owned subsidiary companies have received the sanction letter from NBFC and Nationalized Bank to finance their Hybrid Annuity Mode (HAM) projects. Company is in advance stage to get the sanction for the remaining HAM projects to achieve the financial closure within the specified time period of the Concession agreement.

Esha Media Research has signed an agreement with Limelight networks, Inc, Tempe, AZ. USA.

Mayur Uniquoters: Guman Mal Jain, Chief Financial Officer has resigned due to some personal reason.

Punjab National Bank sold entire stake of 3,30,000 shares of ICRA through block deal at exchange platform for gross sale consideration of Rs 108.60 crore on June 28.

The New India Assurance Company board approved the allotment of bonus shares in the ratio 1:1

Global Cues

Japan’s Nikkei Manufacturing PMI and Foreign Exchange Reserve for June, China’s Caixin Manufacturing PMI for June, Europe’s Manufacturing PMI for June and Unemployment Rate for May, and US Manufacturing PMI for June will be released on Monday.

On Tuesday, US Factory Orders and Euro Area Retail Sales data for the month of May will be announced.

On Wednesday, US Auto Sales for June, China’s Caixin Composite and Services PMI for June, Japan’s Nikkei Services PMI for June and Europe’s Composite and Services PMI for June will be released.

US’ FOMC Minutes, Initial Jobless Claims for the week ended June 30, ADP Employment Change for June, Non Manufacturing PMI for June and Composite and Services PMI for June will be announced on Thursday. Europe’s Retail PMI for June will be released on the same day.

The US Balance of Trade for May, US Non-Farm Payrolls and Unemployment Rate for June, and Japan’s Household Spending for May will be declared on Friday.

This entry was posted in Market.