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Mumbai - Leading mutual fund house Reliance Capital Asset Management (RCAM) today said it has completed the regulatory clearance process for sale of additional stake to Japan's Nippon Life, following approvals of CCI and EPFO.

The deal is now expected to close by next week.

Nippon Life Insurance, which manages USD 500 billion in assets and is among the largest in the world, agreed in November 2014 to increase its stake in RCAM from existing 26 per cent to 49 per cent in multiple tranches, subject to regulatory approvals.

The company has now received approvals from Competition Commission of India (CCI) and Employee's Provident Fund Organisation (EPFO), thus completing the regulatory approval process for this transaction.

New Delhi - Seeking to regain its lost market share in the mid-sized sedan segment, Hyundai Motor India Ltd (HMIL) today launched an updated version of Verna, priced between Rs 7.74 lakh and Rs 12.19 lakh (ex-showroom Delhi).

The model, which competes with Honday City and Maruti Ciaz, will be available in both petrol and diesel options and have ten variants.

"The world sedan will further strengthen our line up in the sedan segment," Hyundai Motor India Ltd Managing Director and CEO B S Seo told reporters here.

The Hyundai Verna has sold over 2.3 million units globally, he added.

Beginning with a substantial share in the mid-sized sedan segment, Verna had started losing out to rivals.

Melbourne, Feb 18 - Sorry, spiders, but sea snails make strongest material on Earth as a new research suggests that the limpet aquatic snail has teeth stronger than any other material.

Researchers from the University of Portsmouth have found that the limpets have teeth with a crystalline structure so strong it should be copied to improve our cars, aircraft, boats and space craft, News.com.au reported.

Asa Barber said that until now they thought that spider silk was the strongest biological material because of its super-strength and potential applications in everything from bulletproof vests to computer electronics, but now they have discovered that limpet teeth exhibit a strength that is potentially higher.

Johannesburg, Feb 18 - Former Pakistan pace spearhead Wasim Akram has expressed his willingness to help Misbah-ul-Haq's side rescue their World Cup campaign after the team's defeat against India in Adelaide.

India extended their unbeaten streak against Pakistan in World Cup to 6-0 after Mahendra Singh Dhoni's men claimed a 76-run win over neighbors.

Speaking on a local news channel, Akram said that neither the Pakistan cricket authorities nor anyone in the team had approached him to help or advise them, Sport24 reported.

Expressing his willingness to help Pakistan team, Akram said that he was there in the World Cup and he wanted to go and help their players adjust and do well in the tournament in those conditions, but he couldn't do that without an invitation, the report added.

London, Feb 18 : Kaspersky Lab, the computer security firm has claimed that an NSA-linked spying team ' Equation Group' has discovered software that enables it to spy on home computers almost anywhere in the world.

According to the independent, Russian researchers as Kaspersky Lab said that the software gave the team the power to listen on the majority of the world's computers.

According to Kaspersky Lab researchers, the group is unique almost in every aspect of their activities and they use tools that are very complicated and expensive to develop, in order to infect victims, retrieve data and hide activity in an outstandingly professional way, and utilize classic spying techniques to deliver malicious payloads to the victims.

Mumbai: Extending gains for the sixth straight session, the benchmark BSE Sensex rose over 105 points in early trade Wednesday as participants indulged in enlarging positions on hopes of faster economic reforms by the government and optimism over the forthcoming Budget.

The 30-share index was trading higher by 105.68 points, or 0.36 percent, at 29,241.56 with stocks of FMCG, realty, capital goods, consumer durables, power, bank and healthcare sectors, leading the rise.

The Sensex had gained 908.46 points in the previous five sessions.

Also, the National Stock Exchange index Nifty edged higher by 31.60 points, or 0.35 percent, at 8,840.95.

Brokers said optimistic buying by participants ahead of the Budget and acceleration in economic reforms by the government, led to the rise.