Industry News

State Bank of India to reply to UB Group chairman Vijay Mallya's plea seeking recall of an order asking him to disclose his assets. On 7 April, the court directed Mallya to disclose all assets held by him and his family. The consortium of banks, led by the State Bank of India, however, claim that the former liquor baron had failed to furnish complete details of his assets and the apex court, on 25 July, issued a..."/>
SC tells banks to reply to Vijay Mallya's plea [Mint, New Delhi]
Banc of California, a banking brand started in 2013 after the merger of several small institutions, is linking up with the Los Angeles Football Club."/>
Marketing: Seven reasons companies put their names on stadiums [The Orange County Register]
State Bank of India is pushing creditors of Jyoti Structures Ltd to accept a takeover proposal from Dubai-based Amin Group, despite knowing about a past working relationship between promoters of the two companies, two people with knowledge of the development said. Jyoti Structures is an engineering, procurement and construction firm in the power sector, while Amin Group has interests in drug manufacturing, cane farming, livestock feed, oil and gas, recycling and..."/>
SBI pushing for Jyoti Structures takeover by Dubai's Amin Group [Mint, New Delhi]
Delta Air Lines, it's when 500 people come to the Twin Cities from around the country to practice getting ice off planes."/>
Boot camp prepares Delta Air Lines for the icy reception of winter [Star Tribune (Minneapolis)]
VF Corp. has closed the sale of its contemporary brands businesses to Israel-based apparel maker and marketer Delta Galil Industries, Ltd for USD120m, the company said."/>
M and A Navigator: Deal pipeline –29 August
Northrop Grumman. It's the first time that Northrop's best known unmanned aircraft has played such a role. The National Hurricane Center upgraded Gaston on Thursday, as it was churning away in the Atlantic."/>
BRIEF: San Diego drone spots rise of Hurricane Gaston [The San Diego Union-Tribune]
Mitsubishi Heavy Industries Printing& Packaging Machinery, Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. based in Hiroshima, has received an order for a Mitsubishi 4 x 1 "DIAMONDSPIRIT" newspaper offset press from Minami-Nippon Shimbun Co., Ltd., a newspaper company with head office in Kagoshima in Kyushu. The new press is to be installed at its new plant, with delivery scheduled for April 2018. Minami-Nippon Shimbun dates back to 1881, when..."/>
MHI-PPM Receives Order for 'DIAMONDSPIRIT' Newspaper Offset Press from Minami-Nippon Shimbun Co., Ltd.
Pointer Telocation Ltd. has agreed to acquire South Brazil-based fleet management services company Cielo Telecom, the company said. The closing is subject to the fulfillment of certain precedent conditions. In consideration for this acquisition, Pointer will make a cash payment of approximately approximately USD 6.5 m."/>
Pointer Telocation Acquires Brazilian Fleet Management Firm Cielo Telecom in USD 6.5m Deal
USG Corp. for USD 670 m, the company said. The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in 4 Q16. L/W Supply distributes drywall, ceiling tiles, steel framing and other..."/>
ABC Supply to Acquire Building Materials Firm L/W Supply for USD 670m
Eversource Energy. Taken together, these three projects produce more power than 40 percent of the entire installed solar capacity in the state of Maine."/>
Politics overshadow solar's potential in Maine [Portland Press Herald, Maine]
FedEx Ground distribution center near Interstate 75, but a company official said the number of workers the site will employ isn't expected to be decided until next year. Records indicate as many as 200 jobs will be housed at the FedEx Ground South Dayton Facility. A Miami Twp. official-- noting the company is "very guarded" with employment figures-- said FedEx may employ about twice that many at the 249,506- square-foot site in the..."/>
Number of FedEx jobs at $18.5M Miami Twp. site still undecided [Dayton Daily News, Ohio]

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