Industry News

BorgWarner Inc disclosed on Monday that its board of directors approved a quarterly cash dividend of USD0.13 per share on the company's common stock. The dividend will be paid on 15 September 2016 to shareholders of record on 1 September 2016.. BorgWarner develops, manufactures and sells engineered automotive systems and components primarily for power train applications worldwide."/>
BorgWarner announces dividend of USD0.13 per share for quarter
International Game Technology PLC authorised a quarterly cash dividend of USD0.20 per ordinary share, the company reported on Tuesday. All shareholders of record as of the close of business on 10 August 2016 will receive the dividend payment on 24 August 2016.. IGT operates and provides technology products and services across lotteries, electronic gaming machines, sports betting and interactive gaming markets worldwide."/>
International Game Technology announces dividend Of USD0.20 per share for quarter
Maruti Suzuki India Ltd's quarterly profit rose 23%, beating analysts' estimates, as the nation's largest car maker benefited from lower material costs and a surge in income from activities other than its core business operations. Net profit rose to Rs.1, 486.20 crore in the fiscal first-quarter ended 30 June from Rs.1, 208.10 crore in the year earlier, the company said on Tuesday. That compares with Rs.1, 224 crore profit estimated by a Bloomberg survey of 29..."/>
Maruti Suzuki beats estimates with 23% rise in June quarter profit [Mint, New Delhi] Inc.' s local unit has launched its global Prime membership programme in more than 100 cities in the country, offering one-day and two-day delivery on lakhs of products for a fixed price of Rs.499 initially, as the company seeks to retain more customers and boost sales. Ltd will initially offer a free trial period of 60 days on Prime. Thereafter, for a limited period, the company will charge a discounted annual subscription fee of Rs.499,..."/>
Amazon Prime launched in 100 cities in India; videos yet to arrive [Mint, New Delhi]
Reliance Infrastructure Ltd which supply electricity in Mumbai. Maharashtra energy minister Chandrashekhar Bawankule made this announcement in the legislative assembly. He said instructions for the CAG audit of these two private power utilities would be issued on Wednesday."/>
Maharashtra govt orders CAG audit of Tata Power, Reliance Infra [Mint, New Delhi]
Bajaj Auto Ltd's net profit for the June quarter rose 2.1%, missing analysts estimates, on weak exports and input cost pressures. Net profit at the maker of Pulsar and Avenger bikes increased to Rs.978 crore in the three months ended 30 June from Rs.957 crore a year ago, the company said in a statement on Wednesday. Total income rose 3.5% to Rs.6, 088 crore over Rs.5, 881.24 crore last year."/>
BRIEF: Bajaj Auto Q1 profit rises 2% to Rs978 crore [Mint, New Delhi]
Rezidor Hotel Group: INTERIM REPORT January-June 2016
Dick's Sporting Goods will open its new store at the Hamilton Crossings shopping center during the second weekend of August-- with a little help from a Pro Football Hall of Famer well known to Lehigh Valley residents. While the store will open for the first time at 8 a.m. Aug. 12, former Buffalo Bills wide receiver Andre Reed, a Dieruff High School graduate, is scheduled to make an in-store appearance from 1 to 3 p.m. on Aug. 13, Dick's announced Tuesday."/>
Andre Reed to open new Dick's Sporting Goods at Hamilton Crossings [The Morning Call (Allentown, Pa.)]
Zee Entertainment Enterprises Ltd's advertising revenue growth has surprised positively many times in previous quarters. The story for the June quarter is no different. Advertising revenue increased 19% over the same period last year and accounted for slightly less than three-fifths of consolidated revenue."/>
Zee Entertainment: riding high on advertising revenue growth [Mint, New Delhi]
Netflix on Tuesday unveiled its first subscription VOD licensing agreement with 20th Century Fox Television Distribution to bring true crime anthology series American Crime Story to India and other international markets. 20th Century Fox Television Distribution is a unit of Rupert Murdoch's 21st Century Fox. American Crime Story is an anthology series centered around some of history's most famous criminals."/>
Netflix to showcase American Crime Story next year [Mint, New Delhi]
Jabong may be Flipkart's best investment yet [Mint, New Delhi]

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