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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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Apple CEO Tim Cook Gets $102 Million Payout in 2017 After Earnings Rebound, Must Fly by Private Aircraft

HIGHLIGHTS Cook’s incentive pay totalled $9.33 million The Apple CEO was paid $3.06 million in salary He also received an equity award of $89.2 million Apple CEO Tim Cook will now fly on private aircraft even for personal travel for “security and safety reasons”, a regulatory filing with the SEC reveals. Separately, his received a massive increase in his annual bonus, thanks to earnings rebound for the company. According to a new shareholder proxy statement from Apple, the board of directors has approved that Cook must fly on private aircraft whenever he travels,…

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Xiaomi Says It Shipped 9.2 Million Smartphones in India Last Quarter

HIGHLIGHTS Xiaomi shipped 9.2 million smartphones in Q3 2017 This is a record for the Chinese company in the country Xiaomi Redmi Note and Redmi 4 are the top selling smartphones Xiaomi has announced that it shipped 9.2 million smartphones, a record number of units, in India in Q3 2017. The announcement was made by Manu Kumar Jain, Vice President Xiaomi and Managing Director Xiaomi India in a tweet. Jain also shared a piece of trivia about Xiaomi smartphones shipments in the country. “We started with a humble beginning of…

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Japan to provide $40 million to ADB to back high-level technology

Japanese Deputy Prime Minister and Finance Minister Taro Aso attends at opening session of the ADB annual meeting in Yokohama, south of Tokyo, Japan May 6, 2017. REUTERS/Issei Kato Japan will provide $40 million to the Asian Development Bank to promote high-level technology as part of efforts to boost quality infrastructure in Asia, Finance Minister Taro Aso said on Saturday. “Japan has been promoting quality infrastructure in Asia in close collaboration with the bank,” Aso told the ADB’s annual gathering in Yokohama. “Enhancing quality of infrastructure in terms of lifecycle…

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LinkedIn Reaches 500 Million Members Adds Matched Audiences for Ad Retargeting

But it’s worth clarifying a few specifics here – unlike other networks, LinkedIn reports total members as opposed to active users. For comparison, there are more than 1.3 billion existing Twitter accounts, but only 319 million monthly active users, a big difference. In this case, LinkedIn’s active user count is likely a lot less than its total members – according to TechCrunch, some research suggests that LinkedIn has 250 million MAU, though previous data has indicated that only around 25% of LinkedIn users are regularly active on the app, which…

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World Cancer Day: This Deadly Lifestyle Disease Kills Close to 9 Million Annually

Undeniably, cancer has assumed a menacing character in the world of lifestyle diseases. According to the World Health Organisation, there were an estimated 14 million new instances of cancer in the year 2012 which are on rise ever since. According to the official reports, these numbers are expected to rise by a whopping 70% over the next twenty years. In the year 2015 close to 9 million people across the globe died due to cancer. Every 1 in 6 deaths in the world is caused by cancer which, at present,…

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