Industry News

The summer of Pac-Man [The Hawk Eye, Burlington, Iowa]
Reliance Communications Ltd's chief executive Vinod Sawhny has stepped down, the company informed the Bombay Stock Exchange on Saturday. The announcement comes two weeks after RCom announced the merger of its wireless business with Aircel Ltd.. The company, in the statement addressed to BSE, cited Sawhny's personal reasons for the step."/>
BRIEF: Reliance Communications' CEO Vinod Sawhny steps down [Mint, New Delhi]
Zayo Group, a fast-growing rising star in the race to build powerful broadband networks in the U.S. and abroad, has come under fire from its external auditors for failing to ensure its internal controls are adequate to generate sound financial reports. The warning from KPMG, which appeared in Zayo's annual report dated Aug. 26, will not result in a restatement of the company's earnings, according to Chief Financial Officer Ken desGarennes."/>
Auditors flag Boulder-based Zayo's financial reporting [Daily Camera, Boulder, Colo.]
Bajaj Auto Ltd's workers at Chakan and Akurdi factories plan to go on a one-day hunger strike on 2 October to press for expediting the wage revision and reinstatement of workers suspended during the previous round of wage settlement. The main reason for hunger strike as mentioned by the union is a delay in conclusion of the wage review process which was due with effect from 1 April 2016, said Kailash J Zanzari, senior vice president for manufacturing at Bajaj Auto, in..."/>
Bajaj Auto workers on hunger strike on Sunday over wage revision [Mint, New Delhi]
Expedia last year, is making changes at the top. Brian Sharples, who co-founded HomeAway in 2005, led it through a public offering in 2011 and oversaw its $3.9 billion purchase by Expedia in December, has stepped down as CEO. He will remain as chairman through January, the company said."/>
Top Local Business Stories of the Week [Austin American-Statesman]
Bob Evans Farms Inc., Blanchard Valley Health System, HCR ManorCare, and Macy's. Occupations with the most job..."/>
BRIEF: Local job openings up from previous month [The Blade, Toledo, Ohio]
Expedia shows a notable surge in demand for Chiang Rai, Pattaya and Hua Hin from international travellers. Judging largely from the robust growth in hotel bookings in the first half of the year, international travellers are increasingly heading to these three destinations. Expedia said its hotel partners in Chiang Rai benefitted the most, with a year-on-year growth of 70%, followed by Pattaya and Hua Hin."/>
Chiang Rai, Pattaya, Hua Hin in demand [Bangkok Post, Thailand]
Maruti Suzuki India Ltd's domestic sales jumped 29.4% to a record 1,37,321 units in September on back of a robust growth across all the segments over the same month a year ago, the company said in a statement on Saturday. Even sales of its level models such as Wagon R and Alto, which had been under pressure for several months, rose at a brisk 24.8% to 44,395 units. Led by the Baleno hatchback, cumulative sales of compact cars also advanced 12.3% to 50,324 units over the last..."/>
Maruti Suzuki sales jump 29% in September [Mint, New Delhi]

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