Prosecutors summon Samsung Group heir over controversial 2015 merger

Prosecutors summon Samsung Group heir over controversial 2015 merger


Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Reuters reported.


Lee is in trials over charges that he bribed a friend of former President Park Geun-hye to seek support for the deal that helped tighten his grip on the group, as he was preparing to take over from ailing patriarch Lee Kun-hee.


ALSO READ: Samsung expects profit to drop in Q2 as Covid-19 hits phone, TV sales



The deal combined construction firm C&T and fashion and theme-park operator Cheil Industries Inc into a merged entity. It was widely criticised by US hedge fund Elliott Management and other investors who said Samsung’s family members pursued their own interest at the expense of minority shareholders.


A Electronics spokesman declined to

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Govt exploring new lending institutions to help small-scale units: Gadkari

Govt exploring new lending institutions to help small-scale units: Gadkari


Union Minister for and Road Transport and Highways, on Monday said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support.


Gadkari said that the government is working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming time.



He was speaking at a meeting via video conferencing with the members of Calcutta Chamber of Commerce on the impact of Covid-19 on and the measures taken to address the challenges at hand.


Addressing the members, Gadkari reiterated that these were trying times as “we are waging a war against Covid-19 pandemic as well as the economic instability caused by it”.


He requested all the stakeholders to work in tandem and urged the industry to maintain a positive attitude to

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15 Tips for Running a Successful ‘Traditional’ Ad Campaign for Your Local Market

15 Tips for Running a Successful ‘Traditional’ Ad Campaign for Your Local Market

Despite the overwhelming preference for digital media among modern marketers, traditional advertising methods are still being implemented today and driving great results. Newspaper, TV and radio spots can offer tons of potential for businesses looking to reach a local market — if they’re used the right way.

Traditional Local Ad Campaign Tips

To help with your next traditional media campaign, we asked members of Young Entrepreneur Council (YEC) the following question:

“What is an important thing to remember when planning a radio, TV or newspaper ad specifically for your local market? Why should business leaders keep this element in mind?”

Here’s what YEC community members had to say:



1. Know Your Audience

“First, know your audience and prepare a script by keeping in mind the kind of audience you are reaching. Knowing your audience is the most important because this will determine the kind of topics, themes and

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UK’s Sunak authorises bailout to rescue strategically important companies

UK’s Sunak authorises bailout to rescue strategically important companies


British Finance Minister has authorised a bailout plan to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a “last resort” basis after other options run out.


The Treasury said it may try to save those companies whose failure will “disproportionately harm the economy”, the Reuters reported.



“In exceptional circumstances, where a viable company has exhausted all options and its failure would disproportionately harm the economy, we may consider support on a ‘last resort’ basis,” a spokeswoman from the Treasury said in an emailed statement.


“We are putting in place sensible contingency planning and any such support would be on terms that protect the taxpayer,” the statement added.


ALSO READ: Amid Covid-19 mess, PM Johnson plans to cut Huawei’s 5G involvement in UK

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Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more

Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more


Foreign portfolio investors (FPIs) are once again stepping on the gas when it comes to pulling out of Indian markets. Analysts want RBI to look at ‘unconventional’ monetary policy measures for a revival nudge. Here are the top ten headlines on Monday morning.


Overseas investors once again step up selling as stimulus disappoints



Foreign portfolio investors have flushed out $1.7 billion amid disappointment over the stimulus package and rising Covid-19 cases despite multiple lockdown extensions. Read more here


It’s back to business for industry, but not quite ‘business as usual’ yet


Even as sales are nowhere near last year’s levels and no one is counting projected growth for the year, but compared to April, industry is looking at seeing a sign of slow uptake in May demand as lockdown is slowly relaxed. Read more here

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Fundi – A New Live Stream Payment Platform %%sep%% %%sitename%%

Fundi – A New Live Stream Payment Platform %%sep%% %%sitename%%

Fundi, the real-time funding platform for live streaming has unveiled its new digital payment solution for fans to support their favorite live stream content creators. The platform in essence will support live stream producers by helping them earn funds easily when they go live.

Designed and developed by the creative agency the community, Fundi is the first platform to combine real-time payment with live streaming via an interactive sticker. In effect fundamentally shifting the digital payment process by making seamless real-time payment during live streaming.



Fundi Live Stream Payment Platform

With Fundi, viewers can simply click on the fundi sticker, a button present on all live streams, to send their desired contribution. The contributions can be as little as just a dollar at a time. All charges are secure via online payment company Stripe which would then connect to your bank account. In addition, Fundi leverages Twitch’s

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