CBSE says Class 12 economics paper leak reports wrong, urges students not to panic

  Panic gripped students of class 12 following claims on social media that the economics paper was leaked on Monday ahead of the exam even as CBSE denied there was any slip up. Reports of the question paper being leaked circulated through social media and WhatsApp several hours before the paper commenced. The Central Board of Secondary Education (CBSE), however, denied any leak and urged students and parents not to panic. “We have checked with all examination centres and the paper was not leaked. The source of the circulation of…

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Sundaram Finance reports 13.9% rise in Q4 profit

CHENNAI: Non-banking finance company Sundaram FinanceBSE 1.02 % has recorded a 13.9 per cent rise in its fourth quarter net profits ending March 31, 2017 at Rs. 139 crore. The city-based company had clocked net profits at Rs. 122 crore during the corresponding quarter of previous year, a top official said. For the full year ending March 31, 2017, the net profits stood at Rs. 495 crore. The profit for the year ending March 31, 2017 is not comparable to previous year, which includes a one-time profit of Rs. 40.64…

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North Korea’s deputy ambassador defects in London: reports

North Korea’s deputy ambassador in London has defected with his family, according to media reports, and if confirmed it would be one of the most high-profile defections in recent years from the increasingly isolated country. South Korea’s JoongAng Ilbo newspaper reported on Tuesday that a high-profile diplomat in the UK defected with his wife and son to a “third country”. The BBC named the defector as veteran diplomat Thae Yong Ho, a counselor at the North Korean embassy and deputy to the ambassador. Quoting an unnamed source, JoongAng Ilbo said…

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Egypt Asks Cyprus To Extradite Hijacker: Reports

An Egyptian man accused of hijacking a passenger jet and forcing it to land in Cyprus while strapped with fake bombs may be prosecuted in his own country. Egypt’s public prosecutor has asked Cypriot authorities to extradite Seif Eldin Mustafa, according to Egyptian state television reports. Briton Ben Innes asked a crew member to take a photo of him with Mustafa Mustafa, who has been described by officials as being “psychologically unstable”, was remanded in custody earlier for eight days on suspicion of hijacking an EgyptAir aircraft. No formal charges were…

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Expedia reports Q4 loss on acquisition costs, slumping Europe bookings

A combination of acquisition costs and the impact of November’s terrorist attacks in Paris led to a fourth-quarter loss for Expedia Inc., but shares surged 11% in after-hours trading Wednesday after CFO Mark Okerstrom said the company is expecting earnings to rise 35-45% in 2016 as Orbitz and HomeAway are fully integrated into operations. Expedia closed on its acquisitions of Orbitz and HomeAway last September and December, respectively. Expedia took a $12.5 million loss, compared to a $66 million net profit in the previous year’s fourth quarter. Bolstered by the…

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