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Yes Bank gets shareholder nod to raise Rs 20000 crore

first_imgA security guard stands outside a closed Yes Bank branch in New Delhi, India, November 9, 2016.Reuters filePrivate sector lender Yes Bank secured shareholders’ approval on Wednesday to raise Rs 20,000 crore this financial year.”The shareholders approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of debt securities, including but not limited to non-convertible debentures, medium term notes and bonds up to a total amount of Rs. 20,000 crore,” the bank said in a statement after the conclusion of its 13th annual general meeting in Mumbai held yesterday.In all, 456 members attended the annual general meeting, the bank said in a regulatory filing.The meeting conducted other usual business, including adopting the annual statements for the financial year 2016-17.The share price of Yes Bank closed 0.57 percent lower at Rs 1,494 on Wednesday.last_img read more

Ancient rootless plants linked to increase in production of mud rock

first_img © 2018 Phys.org As the researchers point out, geologists have on occasion noted that long-ago sediment deposits tend to grow muddier in some places, which might have something to do with plants. In this new effort, the researchers have tested this idea by studying 1200 published papers describing work surrounding mud rock—they also collected and analyzed samples from 125 river outcrops.Mud rock has been around for a long time, the pair note, but it was sparse, making up just 1 percent of ancient river deposit material prior to 458 million years ago, the data showed. For some reason, the amount of mud rock began to rise, reaching 26 percent around 359 to 299 million years ago. They note that the increase was steady, suggesting it was not cyclical or due to events such as the movement of glaciers. That left just one option—plants.Bryophytes, the researchers note, became common around 450 million years ago, right about the time mud rock started to become more common. The rootless plants, similar to liverworts and mosses, would have thrived in the wet environment of ancient river systems. But the researchers wondered why the plants might have caused more mud rock to develop. They suggest such plants could have tempered the impact of wind and rain against rocks. They also think it was possible that they secreted organic acids that caused changes in soil chemistry. There is even a chance, they note, that they caused changes in landscape—altering the paths of rivers and streams, for example, by adding a stabilizing factor to riverbanks. Journal information: Science Credit: CC0 Public Domain Explore further More information: William J. McMahon et al. Evolution of alluvial mudrock forced by early land plants, Science (2018). DOI: 10.1126/science.aan4660center_img A pair of geologists with the University of Cambridge has found a possible link between the evolution of ancient rootless plants and a marked increase in the production of ancient mud rock (fine-grained rock formed from silty clay deposits). In their paper published in the journal Science, William McMahon and Neil Davies describe their study and analysis of published papers reporting work with mud rock, and how they connected its increase to the arrival of rootless plants. Woodward Fischer with the California Institute of Technology offers a Perspectives piece on the work done by the team in Britain in the same journal issue. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Ancient rootless plants linked to increase in production of mud rock (2018, March 2) retrieved 18 August 2019 from https://phys.org/news/2018-03-ancient-rootless-linked-production-mud.html Earth’s heartbeatlast_img read more