Industry News

Welspun India Ltd's largest customers said late on Wednesday evening it will independently review its supply chain following Target Corp.' s decision to snap ties with the Indian textile maker. Bed Bath& Beyond is the fourth retailer following Target, Wal-Mart Stores Inc and J.C. Penney Co. now reviewing its supply chain to verify Welspun's product claims."/>
Welspun India product claims: Now, Bed Bath & Beyond starts review [Mint, New Delhi]
Tata Global Beverages' China operations. Tata Group chairman Cyrus Mistry on Wednesday indicated that Tata Global Beverages might sell its loss-making Chinese subsidiary, reported Times of India."/>
Deals Buzz: Tata Global Beverages may sell Chinese subsidiary [Mint, New Delhi]
Galaxy Entertainment Group Limited today reported unaudited results for the three and six month periods ended 30 June 2016.. HIGHLIGHTS GEG: Continues to Drive Mass Business, Profitable Volumes and Control Costs. 1 H Group Adjusted EBITDA of $4.7 billion, up 13% year-on-year 1 H Group net profit attributable to shareholders of $2.6 billion, up 26% year-on-year Q2 Group Adjusted EBITDA of $2.3 billion, up 22% year-on-year and down 7%..."/>
Galaxy Entertainment Group Reports Interim Results for 1H 2016
Boston Herald The Ticker column [Boston Herald]
Tata Consultancy Services Ltd and Wipro Ltd, to clients seeing a significant drop in the last two years, even as they continue to repose faith in Infosys Ltd.. A Mint analysis of over 60 analyst recommendations on the..."/>
Brokerages lower growth outlook for IT sector [Mint, New Delhi]
Amazon set to expand private-label offerings [Mint, New Delhi]
Ford Motor Co., the firm said in a statement on Wednesday. Existing investors Sequoia Capital, Nokia Growth Partners and Empire Angels also participated in the round. The company had raised $21 million, in two tranches between October 2014 and July 2015, from Sequoia Capital, Empire Angels, T.V."/>
Zoomcar raises $24 million in funding round led by Ford arm [Mint, New Delhi]
Tata Global Beverages Limited on Wednesday said it was looking to enter the dairy business as it scouts for opportunities to expand beyond tea, coffee and bottled water. Addressing shareholders in Kolkata on Wednesday at the company's annual general meeting, Tata group chairman Cyrus Mistry said there are plenty of opportunities in the dairy business, "particularly in India". He, however, said there was no immediate time frame for the launch of dairy products."/>
Tata Global Beverages looks to enter dairy business [Mint, New Delhi]
Dollar General store from locating on the former state prison property. Selectmen and the town's planning board held a public hearing Monday evening at Watts Hall on a proposed zone change to limit retail stores in the area known as Thomaston Green to 2,500 square feet. Dollar General has proposed constructing a 9,100-..."/>
Vote planned to block Dollar General construction in Thomaston [Bangor Daily News, Maine]
Starbucks kiosk as early as next month, the first time the national chain will have a presence downtown or in Clark County. Construction of the coffee shop is underway at the Courtyard by Marriott in downtown Springfield, and is expected to be finished by the end of September at the latest, said Ronnie Nichols, guest care manager for the hotel. A proposed Kroger Marketplace store at Ohio 72 would also include a Starbucks location if..."/>
Starbucks to open location in downtown Springfield [Springfield News-Sun, Ohio]
Esports company setting up shop in Orlando [Orlando Sentinel]
Sears continues to limp along, competitors such as J.C. Penney are nipping at its heels. Penney is the latest to try to steal market share from Sears by opening major appliance showrooms."/>
J.C. Penney adds major appliance showrooms in Minnesota [Star Tribune (Minneapolis)]
Stratasys Ltd. unveiled new technologies and partnerships with heavyweights Siemens, Boeing and Ford Motor Co. in a move that could accelerate the 3- D printer's prominence in lightweight auto and aerospace parts manufacturing, company officials said. Stratasys CEO Ilan Levin told investors and trade writers from eight countries Tuesday at the Crowne Plaza Bloomington that from now on Stratasys would rely on partnerships with industrial customers to help solve..."/>
Stratasys partners with Boeing, Siemens and Ford on new 3-D printing technologies [Star Tribune (Minneapolis)]
MGM Resorts International, which is building a $950 million casino and entertainment complex in Springfield, filed two complaints with the commission challenging the Connecticut Airport Authority's use of executive sessions in..."/>
FOI Commission Says Airport's Casino Negotiations Will Remain Confidential [The Hartford Courant]
Marriott is scheduled to open Monday, according to an announcement from the hotel, and unlike many smaller Lake George hotels, it will be open year-round. It's an event village officials have been anticipating since the hotel was first proposed by local developer David Kenny nearly five years ago."/>
Six-story year-round Marriott opens next week in Lake George [The Daily Gazette, Schenectady, N.Y.]

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