Industry News

Ashok Leyland Ltd have baulked at the company's plan to merge with affiliate Hinduja Foundries Ltd.. Gopal Mahadevan, chief financial officer at Hinduja Group flagship Ashok Leyland, defended the move, saying the intent was to bail out one of its key suppliers, which has been mired in operational inefficiency and other challenges. Also, this should be viewed as a "one-off" and Ashok Leyland "has no plans to bankroll" its subsidiaries or make any further..."/>
The motive behind Hinduja Foundries Ltd's Ashok Leyland merger [Mint, New Delhi]
M and A Navigator: Deal pipeline –19 September
Avis Budget Group, Inc. has agreed to purchase France-based vehicle rental company France Cars, the company said. Terms of the transaction were not disclosed. Closing of the acquisition is subject to consultation with France Cars' employee representatives and customary conditions, including merger control clearance, and is expected to be completed prior to the end of 2016.."/>
Avis Budget Group Agrees to Acquire French Rental Car Firm
Home construction builds momentum [Ocala Star-Banner, Fla.]
Tax credits hurt cash-strapped state [The Santa Fe New Mexican]
Demand for truck drivers is high [Victoria Advocate, Texas]
Briefcase 9/18/16 [The Leader-Telegram, Eau Claire, Wis.]
Cree Inc. announced it is reinvigorating its consumer product line with a new portfolio of bulbs. The 25- product portfolio is rolling out this month across the country-- and has already hit shelves in the Triangle, where the brand performs well, according to Al Safarikas, vice president of marketing for consumer products. Safarikas said that the new..."/>
Cree rolls out new consumer product line [The Herald-Sun, Durham, N.C.]
Lennar Multifamily Communities is constructing the six-story complex, said David Plott, an Annapolis land-use attorney..."/>
Work starts on 293-unit apartment complex behind Double T Diner [The Capital, Annapolis, Md.]
Records detail Allegiant flight incidents [Orlando Sentinel]
Sports Direct have triggered a sweeping investigation by MPs into boardroom practices at Britain's biggest firms. The Business, Innovation, and Skills Committee has launched an inquiry into corporate governance, focusing on fat-cat pay, directors' responsibilities and the composition of boardrooms."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Target of organic clothing, its owners say, servicing a growing segment of mainstream customers interested in fashion made in America out of sustainable materials. Initial plans call for five stores in the next two years, with two locations-- in Seattle and San Diego-- already scheduled to open by September 2017. Other targeted cities include Portland, Atlanta, Austin, Boulder and New York."/>
Tucson's Fed by Threads plans to go national [The Arizona Daily Star, Tucson]

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