Gold Silver Reports (GSR) – Google CEO Pichai Set to Cash In $380 Million Award This Week – Pichai, 45, who has led Alphabet Inc.’s Google since 2015, received the shares before his promotion to senior vice president of products a year earlier, when he took over many of co-founder Larry Page’s responsibilities. The award swelled in value as Alphabet’s stock surged 90 percent since the grant date, compared with a 39 percent advance of the S&P 500. He has received two more nine-figure stock grants since then. The company has yet to disclose Pichai’s compensation for 2017.
Money Market
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Walmart Close to $12 Billion-Plus Deal for Flipkart
Gold Silver Reports (GSR) – Walmart Close to $12 Billion-Plus Deal for Flipkart – All the major investors in Flipkart Online Services Pvt are now on board with the Walmart purchase, after an earlier debate over an Amazon.com Inc. acquisition, said the people, asking not to be named because the matter is private. Tiger Global Management will sell nearly all its 20 percent stake in Flipkart, while SoftBank Group Corp. will offload a substantial part of its 20 percent-plus holding, the people said. Walmart will likely end up with 60 percent to 80 percent of Flipkart, valued at about $20 billion, they said.
U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges
Gold Silver Reports (GSR) – U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges – the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminum producer by almost five months.
India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital
Gold Silver Reports (GSR) – India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital. An acquisition by Walmart will give the Indian unicorn a “second life”, he told BloombergQuint in an interview. “Head to head, Flipkart has no chance to get Amazon. Over time, Amazon would have outlasted them.”
Cambridge Investment Research Advisors Inc.’s holdings in Sun Life Financial were worth $3,353,000
Gold Silver Reports (GSR) – Cambridge Investment Research Advisors Inc.’s holdings in Sun Life Financial were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Yes Bank Received Reserve Bank of India’s (RBI) Approval to open Two offices in London and Singapore
Gold Silver Reports (GSR) – Yes Bank Received Reserve Bank of India’s (RBI) Approval to open Two offices in London and Singapore – YES BANK’s international foray to expand services to the NRI population living in London and Singapore.
TCS Becomes First Indian Company To Cross Rs 6.5 Lakh Crore In Market Value
Gold Silver Reports (GSR) – TCS Becomes First Indian Company To Cross Rs 6.5 Lakh Crore In Market Value – Shares of the country’s largest IT firm extended gains and rose as much as 6.5 percent, the most in nearly six years after it reported strong March quarter earnings.