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S Korea’s Mirae to enter India’s investment banking with $300 million

MUMBAI: South Korea’s Mirae will invest $300 million to set up investment banking operations in India and compete with established leaders like JM Capital, Kotak and ICICI Securities. The Indian operations of Mirae Asset Capital Markets India will be headed by Benedict Ryu, and supported by Aditya Loonkar, a former senior executive of Investec, and Anshul Mittal, a former senior executive from Tata Capital. Loonkar, who was heading fixed income at Investec and Mittal, who was heading M&A advisory at Tata Capital, will be co-heads of investment banking. Prior to this, Benedict Ryu was in charge…

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India’s 7% projected growth rate ‘amazingly fast’, can double economy in 10 years: ADB

India’s projected GDP growth of over 7 per cent for the current fiscal is “amazingly fast” and if this momentum is maintained the size of the economy can double within a decade, ADB Chief Economist Yasuyuki Sawada has said. The country shouldn’t worry about not achieving 8 per cent growth but focus on increasing domestic demand by reducing the income inequality, he said. Growth is driven more by domestic consumption than exports, he added. The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with…

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Aurangzeb is controversial because of India’s present, not because of its past: Audrey Truschke

This portrait of the Mughal Emperor Aurangzeb mounted on a horse, and ready for battle, was originally produced circa 1660. In 1700, the Mughal Emperor Aurangzeb was arguably the richest, most powerful man in the world. He ruled for nearly 50 years, from 1658 until 1707, over a vast empire in South Asia that boasted a population exceeding the entirety of contemporary Europe. Today, he has been forgotten in the West. In modern-day India, however, Aurangzeb is alive in public debates, national politics, and people’s imaginations. From Mumbai to Delhi…

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India’s Salt Intake Twice the WHO-Recommended Mark

The average salt intake in India is double that of the WHO-recommended maximum consumption level of 5 gm/day, a study said on Wednesday. Researchers at the George Institute for Global Health reviewed data involving 227,000 people across the country and found salt consumption “far exceeds” the World Health Organization (WHO) maximum target of just five grams per person each day. “The average daily salt intake was 10.98 grams per day for Indians aged above 19 against the WHO recommendation of 5 gm,” a statement from the institute said, highlighting the…

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high food expenses Pose venture to India’s Inflation goal

prices of many foodstuffs inclusive of pulses, sugar, veggies and hen products are set to surge in India inside the next three months on skinny supplies, which could gasoline inflation and supply the significant financial institution little room to reduce charges, stated analysts. April consumer price inflation broke a latest slowing fashion after meals inflation came in at 6.32 percent, in comparison with 5.21 percent in March. meals costs are a political hot potato in India, in which more than a quarter of its populace of one.2 billion people stay…

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One third of India’s population to suffer from hypertension by way of 2020

One 0.33 of India’s population is likely to suffer from hypertension via 2020, with round 20 in step with cent of the agricultural population too to be a victim, stated fitness professionals. specialists said that high blood pressure is on the verge of becoming an “epidemic” and each person with a blood stress be counted of one hundred forty/ninety is taken into consideration to be in the hypertensive category. “research show that high blood pressure is in all likelihood to come to be being a deadly disease inside the close…

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