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Tag: spin

Postal department to spin off life insurance business into separate unit

Postal department to spin off life insurance business into separate unit

Finance
The postal department plans to spin off the postal life insurance and rural postal life insurance operations into a separate business unit (SBU) for which it has moved a Cabinet note, Communications Minister Manoj Sinha said Wednesday. "For postal Life Insurance and rural postal life insurance we have moved a Cabinet note. In the first phase it will involve creation of an SBU and in second phase a full fledged insurance company," Sinha told reporters on the sidelines of an event to mark the second anniversary celebration of India Post Payments Bank (IPPB). The Minister hoped that the Cabinet approval would be received in next fortnight or so. Sinha said IPPB has rolled out 1.26 lakh access points over the last five months and over the next week or 10 days the number is expected to rise t...
Research finds why rappelling spiders spin in control

Research finds why rappelling spiders spin in control

Science
July 7 (UPI) -- Researchers found in a recent study that spider silk partially yields when twisted, which prevents rappelling spiders from spinning out of control.The study, published in the July edition of Applied Physics Letters, showed that, unlike human hair, metal wires or synthetic fibers, spider silk partially yields when twisted to resist spinning."Spider silk is very different from other, more conventional materials," Dabiao Liu of Huazhong University of Science and Technology, said in a press release. "We find that the dragline from the web hardly twists, so we want to know why."Spiders use dragline silk for the outer rim and spokes of their webs as well as a lifeline for dropping to the ground.Researchers used a torsion pendulum to investigate dragline silk from two species of g...