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 Edward Altman published the Z score formula for predicting bankruptcy way back in 1968. He said this formula can be judiciously used to find whether any company may go into bankruptcy within the next two years. It is a quick find formula to gauge the financial health for publicly held companies by using the P&L values and Balance sheet values through a mix of business ratios. In simple terms Z =1.2X1+1.4X2+3.3X3+0.6X4+1.0X5, where X1= Working capital/Total assets.i.e the ratio of liquid assets in relation to the total assets or size of the Co. X2=Retained earnings/Total assets i.e the ratio of retained profit in relation to the total assets of the Co. X3=EBIT/Total Assets i.e the ratio of efficiency of the operations without the impact of leveraging, in relation to the assets deployed in the Co.also signifying the importance of operating earnings for the long term financial health of the Co. X4=market capitalisation/book value of total liabilities i.e the ratio of market price...

In 1896, Ernest Hanbury Hankin, a British Bacteriologist, Chemist, came out with a fi nding that the Indian rivers, Ganges and Jamuna could actually restrict the outbreak of cholera a nd in fact the waters could destroy the Cholera bacteria. He was the first to detect the bacteriophage activity and its presence in the river waters of Ganges and Jamuna. A startling discovery when the whole world was saying the river waters of Ganges were the most polluted. link . In his own words "It is seen that the unboiled water of the Ganges kills the cholera germ in less than 3 hours. The same water, when boiled, does not have the same effect. On the other hand, well water is a good medium for this microbe, whether boiled or filtered." This was mentioned even by Mark Twain in his More Tramps Abroad. Recently microbiology researchers from Chandigarh's I n stitute of Microbial Technology (IMTECH), studied the healing properties of Ganges water at its upper reaches and found bacter...