Industry News

Xcel Energy's second-quarter profit was flat, missing analysts' estimates by a tad as the company experienced lower than expected energy sales. Xcel executives also said Wednesday that the company has made significant progress toward settling contentious issues over its pending electricity rate case in Minnesota. In November, Xcel filed for a 9.8- percent rate hike over three years, drawing opposition from two state agencies."/>
Xcel reports flat profit; execs stick to full-year outlook [Star Tribune (Minneapolis)]
Bharat Petroleum Corporation Ltd would soon begin selling financial products, insurance and remittances from its fuel retail outlets along with its partner Fino Paytech. BPCL brought 21% stake in Fino Paytech, a payments bank, for Rs.251 crore last week. The state-run firm says the tie-up would not only help its spread financial inclusion, it would also help it strengthen customer loyalty, increase customers at its fuel retail outlets and increase..."/>
BPCL retail outlets to market financial products [Mint, New Delhi]
Space Hulk® Storms its way onto the PS4!
News Corporation by West Australian Newspapers, a wholly owned subsidiary of Seven West Media. The proposed acquisition would combine the two highest-circulating Western Australian print newspapers and related online news sites. The ACCC is investigating the impact this would have on two distinct groups: readers..."/>
ACCC invites feedback on Seven West Media's proposed acquisition of The Sunday Times and Perthnow
Toyota Motor Corporation today announces its financial results for the first quarter ended June 30, 2016. Consolidated vehicle sales for the first quarter totaled 2,172,659 units, an increase of 58,659 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 6.58 trillion yen, a decrease of 5.7 percent. Operating income decreased from 756.0 billion yen to 642.2 billion yen, while income before..."/>
Toyota Announces First Quarter Financial Results
Boston Herald The Ticker column [Boston Herald]
Top 10 stocks that stand to gain from GST [Mint, New Delhi]
Mondelez India Foods Pvt. Ltd has over the last year spent more on advertising and marketing, increased the scale of its launches, sharpened its positioning on niche brands and also on media, and piloted online sales as it looked at growth in a slowing India market. The initiatives come after the local entity of the world's largest snacks company Mondelez International Inc. was called out for its soft performance a year ago."/>
Mondelez looks at double digit growth in chocolates category [Mint, New Delhi]
Netflix on Wednesday confirmed the appointment of two Indian executives-- Gaurav Pradhan, director of business development for Asia and Swati Shetty, who will be responsible for original content production and acquisition. Pradhan will be overseeing Netflix's business development efforts in India, Indonesia, Malaysia, the Philippines, Thailand and..."/>
Netflix appoints two Indian executives to strengthen its services in the country [Mint, New Delhi]
EIH Ltd, the company that runs hotels under the Oberoi and Trident brands, has embarked on the most expensive renovation drive in its history to create what the management believes will be one of India's most profitable properties. The makeover of its iconic hotel overlooking the Delhi Golf Course--The Oberoi New Delhi--is estimated to cost Rs.500 crore, chairman P.R.S. Oberoi told shareholders on Tuesday."/>
The Oberoi makeover to cost EIH Rs500 core [Mint, New Delhi]
Skoda India to launch four models in 2017 [Mint, New Delhi]
Five start-up products, features that flopped [Mint, New Delhi]
GST impact: top 10 stocks that stand to gain [Mint, New Delhi]
Sinclair Broadcast Group Inc. boosted profits and revenue during the second quarter as it expanded its digital offerings and benefited from political advertising. The Hunt Valley-based broadcaster also announced it has reached a multiyear agreement with Comcast Cable, the largest cable provider in the country, in which Comcast will pay an undisclosed fee to Sinclair to include its broadcast television stations in the cable lineup. "We are pleased with the value..."/>
Sinclair boosts revenue with expanded digital offerings, political advertising [The Baltimore Sun]

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