Tag: was

Clean energy technology was thought to be uninvestable. One fund thinks otherwise

Loknath Das

Venture capital funding for clean energy technology companies has declined after years of lackluster performance drove investors to other sectors. But a new fund is making a big bet that it’s possible to back clean tech companies at the earliest — and often riskiest — stages, all without sacrificing returns. In October, Clean Energy Ventures announced that it raised $110 million for its first fund, which will target “the current capital gap for seed and early-stage investment in promising advanced energy innovations,” a press release said. The firm’s strategy rests on the belief that…

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Sexism was pervasive in finance, says Virgin Money boss

Loknath Das

Virgin Money boss Jayne-Anne Gadhia has told MPs that sexism was “pervasive” in the “very male culture” of finance. Ms Gadhia spoke of one example from her time at Royal Bank of Scotland when a senior woman was very upset because she was “expected to sleep with her boss”. She was speaking to MPs as part of their inquiry into women in finance. Ms Gadhia, who was at RBS from 2001 to 2007, added that the industry had improved at dealing with sexism in the workplace. Parliament’s Treasury Committee is…

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Saint Helena, one of the most inaccessible islands where Napoleon was exiled, opens to tourism

Loknath Das

Made famous by French Emperor Napoleon Bonaparte, who was exiled there from 1815 until his death in 1821, the island of Saint Helena has long been too remote to be affected by tourism. But this may be about to change. From October 14, the South African company Airlink will begin weekly flights from Cape Town and Johannesburg. Flight time will be about six hours with a stopover in Namibia. Until now, the tiny British territory was only accessible by boat. Located in the South Atlantic to the West of the…

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Govt replaces Amritsar medical college principal who was caught doing private practice

Loknath Das

Six days after he was caught doing private practice against the rules, Dr BS Bal as replaced as principal of Government Medical College, Amritsar, on Friday. Dr Sohan Singh has been appointed as the new principal. Dr Bal’s private practice was busted by the vigilance bureau that sent a detailed report to the head office, following which the action was taken by the authorities concerned . The Punjab government had banned private practice by all government doctors in 2003. Director, medical education and research, Dr Sujata Sharma, however, said, “The…

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NEET Exam 2017: 4 Kerala teachers suspended after student was asked to remove innerwear

Loknath Das

  Four teachers who asked a girl to remove her innerwear have been suspended by the school authorities. NEET Exam 2017: 4 Kerala teachers suspended after student was asked to remove innerwear The Central Board of Secondary Education (CBSE) conducted the National Eligibility-Cum-Entrance Test (NEET) 2017 exam on May 7. A total of 11,38,890 candidates appeared for the exam in 10 languages at 1,921 centres in 103 cities. For the smooth conduction of the examination, 490 CBSE officials were deployed in all 103 cities to personally supervise the examination along…

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Einstein was right: gravitational waves do exist

subhadip

In case you didn’t know, Albert Einstein was smart. There are many ways in which his genius has been proven, but because of the limited state of technology and our understanding of the universe that surrounds us, some of his work remains theory. But, that might have changed today. Einstein’s 1915 theory of general relativity predicted that gravitational waves are created in spacetime as a byproduct of objects moving about the universe, which dictates where they travel and the impact each has on the other. And today, a group of…

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