Amas Bank (Switzerland) Ltd has acquired 40 per cent stake in PATCO Investments & Consultancy Services Private Ltd. for an undisclosed amount. PATERSON is a Chennai-based stock broking firm, while Amas Bank is a global banking entity of the trans-national Hinduja Group, founded in 1978 as a finance company and granted banking license in 1994. Amas Bank is headquartered in Geneva, having offices in Zurich, Lucerne, Basle, St. Margrethen, Dubai, London, Paris, New York and Mauritius.

John

Home loan interest rates are all set to be cheaper as all public sector banks are planning to cut rates on small-ticket home loans by up to 300 basis points. RBI may also help the banks by relaxing the risk weight age norms. It is expected to revise the capital adequacy ratio (CAR) for every loan, which is currently 9 per cent.

Washington, Dec 12 : A research team at Karolinska Institutet and Lund University in Sweden has successfully induced people with an amputated arm to experience a prosthetic rubber hand as belonging to their own body.

According to researchers, the results can lead to the development of a new type of touch-sensitive prosthetic hands.

Scientists achieved the illusion of having a rubber hand by touching the stump of the amputated arm out of sight of the subject while simultaneously touching the rubber hand in full view of the same subject.

This created the illusion that the sensory input was coming from the prosthetic hand rather than from the stump, and that the hand belonged to the subject''s own body.

Karachi, Dec. 12 : Pakistan's Dawn newspaper has confirmed that there is a link between Faridkot in Punjab province and the terror attacks that were launched on Mumbai last month.

In a special report, the Dawn says that the targeting of the Lashkar-e-Taiba and the Jamaatud Dawa and the rounding up of the activists belonging to the two jihadi organisations appear to have been triggered by information originating in India.