Punjab National Bank, India's fourth-biggest state-run lender by assets, reported on Tuesday its fiscal third-quarter profit fell 93 percent as provisions for bad loans jumped.
MELBOURNE As rock bottom commodities prices and overcapacity weaken balance sheets at beleaguered commodities firms, trade insurers fear further pressure from payment delays and defaults in China and India, particularly in metals.
A special investigation team set up in Pakistan to probe a deadly assault on Pathankot air base last month found no evidence implicating the leader of the group India blamed for the attack, Pakistani security officials said on Monday. Full Article
Sharks attacked people 98 times in 2015, a spike in unprovoked attacks that set a new record as human and shark populations rise, researchers have found in an annual global tally. While last year saw twice as many fatal attacks as 2014, the number of deadly encounters was roughly on par with the past decade's average, said George Burgess, director of the International Shark Attack File. Full Article
Researchers have discovered a new bacteria that causes Lyme disease in humans, a U.S. health agency said on Monday. Previously, only one bacteria, Borrelia burgdorferi, was believed to cause human Lyme disease, which is transmitted through bites from by the blacklegged "deer" tick, the CDC statement said. Full Article
Sylvester Stallone, thrilled to be back as an Oscar contender for the first time in 40 years, said he had thought twice about taking part in the Oscar ceremony because of the uproar over the scarcity of black talent in the contest. Full Article