Industry News

LafargeHolcim, the world's largest cement producer and the second biggest in India, is expected to focus on consolidation and inorganic growth options, something it had so far put on the back-burner. On the other hand, UltraTech Cement Ltd, the fifth largest in the world and the largest in India, is expected to focus on..."/>
As LafargeHolcim and UltraTech Cement achieve scale, paths diverge [Mint, New Delhi]
Havells India Ltd, the maker of lighting products, cables and fans, delivered an excellent June quarter, far exceeding analysts' expectations. Revenue increased 17% from a year earlier in the June quarter to Rs.1, 467 crore. Revenue growth was led by 20-22% growth across the switchgear, lightning and fixtures and electrical consumer durables segments, which collectively account for about 60% of total revenue."/>
Havells India: Excellent quarter, but priced in [Mint, New Delhi]
GMR Infrastructure Ltd, GVK Power and Infrastructure Ltd, Airports Authority of India, Essel Infra and Hiranandani Group's Voluptas Developers--were to submit financial bids for the Rs.3, 000 crore project by Monday. Some of the bidders represent consortia."/>
Award of Goa airport contract delayed as bidders seek more time [Mint, New Delhi]
ITC Ltd, Larsen and Toubro Ltd and Axis Bank Ltd in the first phase of divesting minority stakes it owns in 51 companies. The government, which detailed the sale strategy on Monday, also eased a conflict-of-interest clause for investment bankers to attract more bankers to the proposed sale. SUUTI, an offshoot of the erstwhile state-run investment firm Unit Trust of India, has shares in 43..."/>
SUUTI to pare Axis Bank, ITC, L&T stakes in first phase [Mint, New Delhi]
Infosys and Idea Cellular have corrected 10-13%."/>
Know when to hold them, know when to fold [Mint, New Delhi]
No-fee apartments in New York City [amNewYork, New York]
ViaSat has been awarded a federal contract to provide high-speed, in-flight Internet to Air Force One and other government VIP aircraft. The company, which powers onboard Wi-Fi on JetBlue, Virgin America and some United Airlines commercial aircraft, said it will enable "a Situation Room in the Sky" experience on government special mission planes. That includes streaming high-definition surveillance, intelligence and reconnaissance video, in-flight..."/>
ViaSat to power broadband on Air Force One [The San Diego Union-Tribune]
Rockwell Collins on Monday reported higher third-quarter earnings and sales from continuing operations, but narrowed its profit and revenue projections for the year due to ongoing softness in the business jet market. The Cedar Rapids-based avionics, communications and information management services provider posted net income of $214 million, or $1.63 per share, for the quarter that ended on June 30-- up 23 percent from $178 million, or $1.33 per share, for the same..."/>
Rockwell Collins posts higher earnings, sales [The Gazette, Cedar Rapids, Iowa]
RE/MAX LLC is eager to bring new resources and more dollars to bear in support of their only local franchise,..."/>
RE/MAX aiming to make big push into Western New York real estate market [The Buffalo News, N.Y.]
Seaspan Corporation announced today its financial results for the three and six months ended June 30, 2016. Below is a summary of Seaspan's key financial results:."/>
Seaspan Reports Financial Results for the Three and Six Months Ended June 30, 2016
MB Financial Inc. will replace First Niagara Financial Group Inc. in the S&P MidCap 400, BioTelemetry Inc. will replace MB Financial in the S&P SmallCap 600. S&P 500 constituent KeyCorp is acquiring First Niagara Financial Group in a deal expected to be completed soon..."/>
MB Financial to Join S&P MidCap 400; BioTelemetry and Raven Industries to Join S&P SmallCap 600
Granite Construction Incorporated announced today that the joint venture team comprised of Kenny Construction Company, a wholly-owned Granite subsidiary, and Obayashi Corporation has been awarded a $279 million contract by The Metropolitan District to construct the South Hartford Conveyance and Storage Tunnel in Hartford, Connecticut. Granite’ s portion of the contract is 65 percent. As consolidating partner, the total contract award of $279..."/>
Granite Subsidiary Awarded $279 Million Tunnel Project in Connecticut
Crane Co., a diversified manufacturer of highly engineered..."/>
Crane Co. Reports Second Quarter Results
Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.33 per share for the third quarter of 2016. The dividend is payable on September 9, 2016 to shareholders of record as of the close of business on August 31, 2016.. Crane Co. is a diversified manufacturer of highly engineered industrial products."/>
Crane Co. Declares Third Quarter Dividend
Manitowoc Company, Inc. announced today that it will release its second-quarter 2016 financial results on Monday, August 8 th, after the close of market. The company will discuss its second-quarter earnings results and outlook during a live conference call for security analysts and institutional investors, at 10:00 a.m. Eastern Time on Tuesday, August 9 th. Investors, media, and the general public may listen to a live Internet webcast of the conference call..."/>
The Manitowoc Company Schedules Second-quarter 2016 Earnings Announcement and Conference Call
Global Brass and Copper Holdings, Inc. today announced that it will release financial results for the second quarter of 2016 on Thursday, August 4, after the close of the market. The Company will host a teleconference and webcast at 9:00 a.m. on Friday, August 5, to review the results. To listen to the live call, individuals can access the webcast at the investor relations portion of the Company's website at, or by dialing..."/>
Global Brass and Copper Holdings, Inc. Announces Date and Time for Release of Second Quarter 2016 Financial Results
TriNet Group, Inc., a leading cloud-based provider of HR services, today announced it will release financial results for the second quarter ended June 30, 2016 after U.S. market hours on Monday, August 1, 2016.. TriNet will host a conference call at 2:00 p.m. PT on August 1, 2016 to discuss the financial results. TriNet encourages participants to pre-register for the conference call."/>
TriNet to Report Second Quarter 2016 Financial Results on August 1

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