Google CEO Pichai Set to Cash In $380 Million Award This Week

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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.                   

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Walmart Close to $12 Billion-Plus Deal for Flipkart

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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.                             

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Aluminum Drops Most in Seven Years After U.S. Signals Rusal Sanctions Relief

Aluminum Drops Most in Seven Years After U.S. Signals Rusal Sanctions Relief

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Gold Silver Reports (GSR) – Aluminum Drops Most in Seven Years After U.S. Signals Rusal Sanctions Relief — Shares in the largest U.S. aluminum producer headed for the biggest slump in nine years as prices of the refined metal tumbled in London after the U.S. opened the door to relief from sanctions on United Co. Rusal, easing supply concerns. Century Aluminum Co. and Kaiser Aluminum Corp. also declined.

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U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges

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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.       

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SGX To Migrate All Nifty Positions To New Indian Derivatives From June 4

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Gold Silver Reports (GSR) – SGX To Migrate All Nifty Positions To New Indian Derivatives From June 4 — Participants who don’t wish to be part of this migration should close out their positions before June 1, SGX said in a communication to its clients. The exchange had earlier announced the launch of three new contracts on Nifty SGX India Futures, SGX Options on SGX India Futures and SGX India Bank Futures.                       

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