Industry News

Wipro Ltd veteran Dipanjan Basu as the company's new chief financial officer, six months after the abrupt departure of its previous finance chief Prabhakar Sunder. Basu, who will take over his new role at Myntra on 17 October, was chief finance and operating officer of Wipro's digital and consulting business. "Apart from being an exceptionally talented individual, Dipanjan is also a people leader."/>
Myntra names former Wipro executive Dipanjan Basu as new CFO [Mint, New Delhi]
Marriott is being built on U.S. 378 across from Lexington Medical Center. Clancy Cipkala, managing partner& CEO of Columbia-based Solara Hospitality, said he hopes the hotel will not only service the needs of the hospital, but reach out to the growing town of Lexington and downtown Columbia s well, which he said has a void in extended stay..."/>
Marriott Residence Inn going up in Lexington County [The State (Columbia, S.C.)]
Cosi Inc., known for its flatbread sandwiches, yesterday filed for Chapter 11 bankruptcy protection with plans to sell the company. The cash-strapped chain said it closed 29 of its 74 company-owned restaurants and laid off 450 full- and part-time workers this week."/>
Boston Herald The Ticker column [Boston Herald]
Saregama India Ltd, the RP-Sanjiv Goenka Group's music company, is being turned into a production house to create content for online consumption. Apart from creating original content, Saregama has ambitious plans of dredging out its large collection of Indian film music, "evergreen tracks to be repackaged" for today's online audience, chairman Sanjiv Goenka said. The company, which enjoyed a near monopoly in Indian film music for generations, has so far digitized..."/>
Saregama to shift focus to content for online viewers [Mint, New Delhi]
The brightest men in India? [Mint, New Delhi]
Hercules Capital, along with existing investors including Japan-based NTT Finance, Nexus Venture Partners and Tenaya Capital also participated in the round. The money will be used to improve..."/>
Enterprise start-up Druva raises $51 million from Sequoia, others [Mint, New Delhi]
Under Armour CEO Kevin Plank's $5.5 billion waterfront development-- a step she called "one of the most significant milestones of Baltimore's modern history." Flanked by City Council members, Plank's deputies and community activists, Rawlings-Blake signed legislation that authorizes the city to..."/>
Rawlings-Blake signs off on Port Covington public financing [The Baltimore Sun]
Bon-Ton Stores Inc. on Wednesday said it plans to hire 13,000 seasonal associates for its stores for what it hopes will be a busy holiday season."/>
Bon-Ton to hire 13,000 for holiday season [The Morning Call (Allentown, Pa.)]
CVS Health, the Rhode Island pharmacy giant, will open a pharmacy in the Fraser Centre Target store when it opens on Oct. 5, the company recently announced. Located at 201 W. Beaver Ave. in State College, the new Target is a flexible-format, or smaller, urban-scaled, store catering to the downtown and college crowd. CVS Pharmacy, which has more than 9,600 locations across the country, has two other stores downtown."/>
CVS slated for Fraser Centre Target store [Centre Daily Times (State College, Pa.)]
McDonald's Big Macs as a standard unit of consumption-- the burgers..."/>
Measured in Big Macs, U.S. workers are doing great [Star Tribune (Minneapolis)]

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