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Investcorp acquires IDFC’s private equity, realty investment management business

Mumbai: The US-based alternative investment manager InvestcorpNSE 0.00 % has acquired IDFCNSE -1.02 % Group’s private equity and real estate investment management business and plans to incrementally raise $50 million towards IDFC’s existing fourth fund. The incremental capital, along with the uninvested pool in the fourth fund, will be invested in consumption-driven companies in India, a senior company executive said. HDFC chairman Deepak Parekh has joined the global advisory board of Investcorp. “Once the acquisition is complete on January 31, we will use the greenshoe option and raise another $50 million in the fourth fund. This incremental capital,…

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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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Most Indians Dependent on Private Healthcare: Study

Households across India still overwhelmingly depend on private providers for healthcare services over public healthcare, a recent study has found. Senior Fellow at Brookings India, Shamika Ravi, found in her study “Health and Morbidity in India: 2004-2014” that as much as 75 per cent of outpatient (OPD) care in India was exclusively private in 2014. Around 55 per cent of inpatient (IPD) care is from private hospitals, it added. Ravi, however, noted that dependence on private healthcare is declining. “Indian households’ dependence on public care has risen by 6 per…

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