PNB Q1 net rises 10% to Rs 1,405 crore

Punjab National BankNew Delhi: State-owned Punjab National Bank (PNB) on Friday reported 10 percent growth in net profit to Rs 1,405.12 crore for the April-June quarter of 2014-15.

In the year-ago period, the bank had reported a net profit of Rs 1,275.32 crore, PNB said in a regulatory filing to the stock exchanges.

The bank's total income increased to Rs 12,825.13 crore during the first quarter ended June 30 from Rs 11,746.59 crore in the same period last year.

European airlines continue to suspend Israel flights

EUASABerlin: Several major European carriers have announced that they will stick to their decision to suspend their flights to Israel despite the lifting of a flight ban by the European Aviation Safety Agency (EASA).

Germany's largest airlines Lufthansa said yesterday it extended its suspension of flights to Tel Aviv's Ben Gurion Airport until Friday and cancelled all 16 flights of the Lufthansa group scheduled for the day from Frankfurt, Munich, Cologne, Zurich, Vienna and Brussels.

This decision was taken after a risk assessment of the situation in Tel Aviv, Lufthansa said in a press statement.

'Background TV' may affect kids' health: Study

Background-TVWashington, July 25 : A recent study has revealed that television programmes running in the back ground have a negative impact on the children, during their play and learn phase.

University of Iowa researchers found that background television could divert a child's attention from play and learning and that non-educational programs could negatively affect children's cognitive development.

The team found a relationship between the content children were exposed to and their executive function, an important facet in learning and development.

Cipla appoints Adil Zainulbhai as an independent director

Adil ZainulbhaiNew Delhi: Adil Zainulbhai has been appointed as independent director on the board of drug major Cipla, the company said on Friday.

Commenting on the development, Cipla Chairman Y K Hamied said: "Adil's 30 plus years of experience across various industries in India and globally will add a valuable perspective to our Board of Directors."

Zainulbhai retired as Chairman of McKinsey India.

Earlier, he spent 24 years in the US where he led McKinsey's Washington Office and founded the Minneapolis office before returning to India.

Biocon Q1 Net up 9% to Rs 103 crore

BioconNew Delhi: Biotechnology major Biocon has reported nine percent increase in its consolidated net profit to Rs 103 crore for the quarter ended June 30.

The company had posted a net profit of Rs 94 crore during the same period of previous fiscal.

The total revenue of the company rose to Rs 742 crore for the first quarter, against Rs 723 crore during the same period of previous fiscal, Biocon Ltd said in a statement.

"Our revenue growth this quarter has been muted. Our business performance reflects the challenges that we are temporarily facing in some of our key markets, especially in the Middle East.

Pesticide causes kidney disease, ovarian disease and obesity in future generations

PesticidesWashington, July 25 : A new study has revealed that ancestral exposures to the pesticide methoxychlor may lead to kidney disease, ovarian disease and obesity in future generations.

According to the researchers at Washington State University, if someone's great-grandmother was exposed to during pregnancy, like the pesticide methoxychlor, then they will pass it on to their grandchildren in the absence of any continued exposures.

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