Industry News

Boston Herald The Ticker column [Boston Herald]
Hero MotoCorp Ltd after his tenure ends on 16 August. Sunil Kant Munjal, who was a director on board even before Hero MotoCorp parted ways with Honda, was brought into the management as joint managing director in order to effect a smooth transition of brand, technology, strategy and people."/>
BRIEF: Sunil Munjal to step down as joint MD of Hero MotoCorp [Mint, New Delhi] Inc.' s India unit has expanded its global selling programme, allowing local merchants to sell in nine countries including the US, UK and Canada, a move that could help the company attract more sellers. Since its launch in May last year with 200 sellers who could sell in the US and the UK, the programme now has about 12,000 merchants, about 12% of Amazon's 100,000- strong merchant base in India, selling in nine countries: the US, Japan, Canada, France, Germany, Spain, Italy,..."/>
Amazon India expands its global selling programme [Mint, New Delhi]
Wilmar International Ltd is aiming at a compounded annual growth rate of 25% in the next five years. The Rs.18, 000 crore company, which makes the Fortune brand of edible oils, plans to tap overseas markets, including China and Malaysia, with its value-added oil and food products. In an interview, Angshu Mallick, chief operating officer at Adani Wilmar, admitted that..."/>
Adani Wilmar to diversify into value-added food business [Mint, New Delhi]
Kesoram Industries Ltd is likely to infuse Rs.600 crore this year towards capital expenditure to scale up its business in tyre and cement segments. The company, which has sold off some of its assets in non-core businesses, has pared down part of its debt during the current financial year. The company has a total debt of over Rs.4, 600 crore, including interest accrued, as on 31 March."/>
Kesoram Industries may infuse Rs600 crore as capex [Mint, New Delhi]
Hero MotoCorp Ltd, India's largest motorcycle maker, next month to lead the group's ventures in defence and power, two people familiar with the matter said on Thursday, asking not to be identified. Pawan Munjal, 61, chairman and chief executive officer of Hero MotoCorp, said the move will "further..."/>
Sunil Munjal to step down as Hero realigns businesses [Mint, New Delhi]
Optimistic luxury [Mint, New Delhi]
Dish TV India Ltd's June quarter performance hardly moves the needle for the stock. The DTH services provider's share price went up marginally on Thursday when results were announced, a day when the Sensex closed slightly higher. The average revenue per user at Rs.174 for the June quarter remained unchanged, compared with the March quarter, despite a price increase."/>
Dish TV India dishes out a subdued June quarter [Mint, New Delhi]
Escorts Ltd's stock gained 2% on Thursday after the company reported a stronger-than-expected performance for the June quarter. Revenue increased 9% from a year ago. Operating and net profit jumped 52% and 33.5%, respectively, as low raw material costs boosted profitability."/>
Escorts shines in Q1, demand revival is key [Mint, New Delhi]
Flipkart's godfather in New York [Mint, New Delhi]
Delivery Dudes expands despite growing pains [Sun Sentinel] Inc. started delivery of beer, wine and liquor in the Twin Cities Thursday in partnership with Surdyk's Liquor& Cheese Shop, a fixture in northeast Minneapolis for eight decades. By noon, the flow of orders had topped expectations and Amazon asked Surdyk's whether it could expand a limit Amazon had set of 40 per hour. "I said yes," said Melissa Surdyk, a fourth-generation member of the founding family."/>
Amazon starts alcohol deliveries to Prime Now customers in Twin Cities [Star Tribune (Minneapolis)]
Comcast and deter cord-cutters with what it touts as a better pay-TV experience. Layer3 TV, a Denver-based startup, will offer hundreds of cable channels and online video packaged together in one sleek box, a platform that allows viewers to navigate everything from traditional networks to services like Netflix seamlessly. Backed by more than $100 million in funding from..."/>
New cable company to take on Comcast, Chicago-area cord-cutters [Chicago Tribune]
Daily Mail, London, market report column [Daily Mail, London]

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