Industry News

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]
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]
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]
BIZ Report for Aug. 28 [Greeley Tribune, Colo.]
Titan Machinery Inc., a network of full-service agricultural and construction equipment stores, reported financial results for the fiscal second quarter ending on July 31.. For the second quarter of fiscal 2017, revenue was $278.3 million compared to $334.2 million in the second quarter last year. Gross profit for the second quarter of fiscal 2017 was $52.9 million compared to $62.1 million in the second quarter last year, primarily reflecting a decrease in revenue."/>
Titan Machinery reports financial results for second quarter [The Jamestown Sun, N.D.]

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