Industry News

Ziggo Proposes New Financing
Oil and Natural Gas Corporation alleged in the Delhi high court on Wednesday that Cairn may be colluding with Videocon Industries in a case involving the Ravva oil field in which the three companies, and Ravva oil are partners. Cairn India Ltd moved the Delhi high court last week seeking a refund of costs it had paid on behalf of Videocon Industries Ltd for operation of the Ravva oil field in the Krishna-Godavari basin in Andhra Pradesh. "Cairn is not pressing for..."/>
ONGC accuses Cairn and Videocon of collusion in Ravva oil field case [Mint, New Delhi]
Dell Technologies, ImageWare Systems; Route1, GTX Corp. THANK YOU FOR JOINING US "IN THE BOARDROOM" Marc Blackmer, Product Marketing Manager, Industry Solutions, Security Business Group, Cisco Mr. Ken Mills, Chief Technology Officer Surveillance and Security, Dell Technologies Jim Miller, Chairman and CEO, ImageWare Systems Tony Busseri, Route1, CEO Scott B. Suhy, CEO, NetWatcher."/>
Security Threats & Solutions Discussed on -- Cisco, Dell Technologies, ImageWare, NetWatcher, Route1, GTX
Comcast Business is expanding its advanced fiber network in Southwest Florida, offering Ethernet services with speeds up to 100 gigabits per second. The new service is ideal for larger businesses or organizations that do video conferencing, streaming, file sharing and backup, use cloud-based applications and have multiple users on a Wi-Fi network."/>
Comcast Business expanding in Southwest Florida [Naples Daily News, Fla.]
Reliance Communications Ltd and Aircel Ltd is so sketchy on details, it almost gives the impression the two companies have decided to make things up as they go along. The all-important detail of how much equity the two companies plan to bring in to the merged entity has been left unanswered. "On consummation of the merger, RCom and Maxis Communications are committed to additional equity infusion into the merged company to..."/>
RCom, Aircel announce merger: the devil is in details [Mint, New Delhi]
Reliance Communications Ltd has signed a definitive agreement to merge its wireless business with smaller rival Aircel Ltd to create India's third largest telecom operator by users. The new entity will combine Reliance Communications's wireless business and Aircel's operations in India, including all the spectrum held by the two companies, Mumbai-based R-Com said in a statement on Wednesday. The combined entity will have 187.64..."/>
Reliance Communications, Aircel to merge mobile business [Mint, New Delhi]
Naspers Group, will buy rival Citrus Pay for $130 million in an all-cash deal. PayU India will have more than 30 million customers post the acquisition of Citrus Pay. The company forecast it will process an estimated 150 million transactions, worth $4.2 billion, in 2016."/>
PayU Global to buy rival Citrus Pay for $130 million [Mint, New Delhi]
Under Armour CEO Kevin Plank's Port Covington project. Officials including Comptroller Joan M. Pratt and City Council President Bernard C. "Jack" Young emphasized that the deal includes an auditor dedicated solely to Port Covington."/>
Baltimore officials approve $100 million community benefits deal with Port Covington developers [The Baltimore Sun]
Ruby Tuesday restaurant chain has resigned after a summer of setbacks that included market losses and restaurant closings. Contacted for comment Wednesday, the company issued a news release announcing that effective as of Tuesday, its board of directors had appointed F. Lane Cardwell Jr. as interim president and CEO of Ruby Tuesday following the resignation of James J. Buettgen, who was also serving as board chairman, will not stand for..."/>
Ruby Tuesday CEO steps down [The Knoxville News-Sentinel, Tenn.]
Athenahealth is the main tenant."/>
Austin's renovated Seaholm project gets new owner [Austin American-Statesman]
VisionChina Media Inc.' s consolidated variable interest entities VisionChina Media Group Co., Ltd. and Shenzhen HDTV Industrial Investment Co., Ltd. have closed the sale of all of VisionChina Media's subway mobile TV advertising business to Ledman Optoelectronic Co., Ltd. for an aggregate consideration ofRMB 780 m, the company said. Ledman is a manufacturer and distributor of LED products..."/>
VisionChina Media Closes RMB 780m Sale of Subway Mobile TV Advertising Business to Ledman Optoelectronic
M and A Navigator: Deal pipeline 15 September

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