Industry News

IndAS and why the numbers don't add up [Mint, New Delhi]
Tata Motors Ltd is working to refurbish its brand image and change the focus of the company from being function-driven to accountability-driven, chief executive and managing director Guenter Butschek said Tuesday. Tata Motors is grappling with falling sales and shrinking market share as its brand takes a beating against the fast-growing Maruti Suzuki India Ltd and Hyundai Motor India Ltd.. "It's a matter of fact that as a brand, Tata Motors in the passenger..."/>
Silo approach impacted Tata Motors brand: CEO Guenter Butschek [Mint, New Delhi]
Tata Motors Ltd over the now abandoned car factory in Singur, according to cause list published by apex court. The maker of the Nano car was given around 1,000 acres by the state government in 2006 to build a factory, but in the wake of violent protests from the Trinamool Congress party, the project was shelved. Soon after coming to power in 2011,..."/>
Supreme Court to pass judgement on Singur car factory on Wednesday [Mint, New Delhi]
Auto parts vendors feel the heat over quality [Mint, New Delhi]
McDonald's Corp., against a Delhi high court order that allowed the US fast food giant to pursue arbitration. This confirms the high court verdict of 21 July which permitted McDonald's to pursue arbitration against Bakshi in the London Court of International Arbitration. McDonald's Corp. terminated its joint venture agreement with Bakshi, managing..."/>
McDonald's case: SC dismisses Vikram Bakshi's plea; arbitration to continue [Mint, New Delhi]
DLF Ltd, India's largest real estate developer, has shortlisted a few bidders for the sale of a stake in its commercial property arm and expects to receive binding, updated offers once the potential buyers complete due diligence. The realty firm circulated an information memorandum to a number of global and domestic investors in April and received preliminary bids from sovereign pension funds and private equity investors in June. The transaction is critical..."/>
DLF shortlists bidders for stake sale in office portfolio [Mint, New Delhi]
IndAS and why the numbers don't add up [Mint, New Delhi]
ClubCorp-- The World Leader in Private Clubs ®-- announces the acquisition of Heritage Golf Club, a premier private country club in Hilliard, Ohio, just west of Columbus. ClubCorp plans to spend more than $1 million on improvements to the clubhouse, golf course and practice facilities. "We are very excited about the addition of Heritage Golf Club-- and the Columbus market-- to the ClubCorp Network," said Mark Burnett, ClubCorp president and COO. ""/>
ClubCorp Acquires Heritage Golf Club
Macy's empire plans to announce the locations of most of its 100 store closures by the end of January. Elina Kazan, national spokeswoman for Macy's, said Monday that the majority of the targeted stores to shut will be announced by the end of January 2017, or in about five months. "For those remaining locations, it will be sometime later-- not yet determined when.""/>
The 100 Macy's stores to close will be announced after Christmas [The Philadelphia Inquirer]
Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, today announced that it has executed amendments to its asset-backed revolving credit facility and secured term-loan credit facility that provide the Company with, among other things, a 60- day extension to file its Annual Report on Form 10- K, including its annual audited financial statements for the fiscal year ended May 31, 2016 and the..."/>
Performance Sports Group Executes Amendments With Lenders Extending Deadline for Filing Its Annual Report on Form 10-K
Chico's FAS, Inc. today announced its financial results for the fiscal 2016 second quarter and twenty-six weeks ended July 30, 2016.. For the thirteen weeks ended July 30, 2016, the Company reported net income of $23.0 million, or $0.17 per diluted share, compared to net income of $2.1 million, or $0.02 per diluted share, for the thirteen weeks ended August 1, 2015. The Company reported second quarter 2016 adjusted net income of $33.3 million, or..."/>
Chico's FAS, Inc. Reports Second Quarter Results
Shutterfly, Inc., the leading manufacturer and digital retailer of high-quality personalized photo products and services offered through a family of lifestyle brands, will host an analyst meeting at its Shakopee, MN facility on Tuesday, September 13, 2016. The meeting will include management presentations on Shutterfly’ s manufacturing operations, an update on the new photo management platform and enhanced mobile app, as well as the SBS business."/>
Shutterfly Announces Analyst Meeting Webcast on Tuesday, September 13, 2016 at 12:45 PM PT
Intel Corporation today announced that ULTRA, SPHE's 4 K movie streaming service, will debut on computers powered by 7th Gen Intel ® Core™ processors beginning Q1 in 2017.. Coinciding with the expanded availability of the service, ULTRA will add new features like 48 hour rentals and free 10 minute previews, allowing customers to experience a sample of any film on the service in full 4 k resolution..."/>
Sony Pictures Home Entertainment and Intel Bring Premium 4K Movies to PCs

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