Apple $450 Million E-book Settlement Gets Final Court Approval 0

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New York(Sharemasterindia.com): A US judge on Friday gave final approval to Apple Inc’s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

During a hearing in Manhattan, US District Judge Denise Cote approved what she called a “highly unusual” accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company is unsuccessful in appealing a ruling that found it liable for antitrust violations.

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How GST Will Change the Face of Indian Economy 0

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Sharemasterindia.com: Indian truck drivers clock an average of 280 km per day, much below the world average of 400 km per day and far below the 700 km the average truck driver in the US does every day. The underperformance of Indian truckers has less to do with bad roads and less fancy trucks and more about prevailing archaic laws.

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Kotak-ING Vysya Deal: Competition Commission Will Look at Combined Market Share 0

New Delhi(Sharemasterindia.com): The Competition Commission will look at the overall market share and size of the combined entity in the case of ING Vysya Bank’s merger with Kotak Mahindra Bank when the proposal comes before the regulator for its approval.

In the biggest merger in India’s banking sector, Kotak Mahindra Bank yesterday announced the buyout of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore.

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Kotak Mahindra Bank, ING Vysya Hit Record High on Merger Deal: 10 Facts 0

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Sharemasterindia.com: Kotak Mahindra Bank on Thursday announced a $2.4 billion all-share deal to acquire its smaller peer ING Vysya. Kotak’s takeover of ING Vysya is the first major deal in four years and the transaction is expected to close in the second half of 2015. Shares in the two lenders hit record highs for a second successive session on Friday.

Here are 10 facts to know about the deal:

1) Kotak Bank’s takeover of ING Vysya is the biggest deal in India’s banking sector and will create the country’s fourth largest private sector lender by branch network. The combined banking entity will have 1,214 branches with a widespread network across the country. Most of ING Vysya’s branches are in South India, while Kotak’s branches are concentrated in West and North India.

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