Industry News

Snapdeal plans rebranding to boost image [Mint, New Delhi]
State Bank of India is pushing creditors of Jyoti Structures Ltd to accept a takeover proposal from Dubai-based Amin Group, despite knowing about a past working relationship between promoters of the two companies, two people with knowledge of the development said. Jyoti Structures is an engineering, procurement and construction firm in the power sector, while Amin Group has interests in drug manufacturing, cane farming, livestock feed, oil and gas, recycling and..."/>
SBI pushing for Jyoti Structures takeover by Dubai's Amin Group [Mint, New Delhi]
Tata Motors Ltd would be among the worst hit Indian companies. Its shares fell as much as 8% when the news hit the Street because of worries about the impact on its UK subsidiary, Jaguar Land Rover. At first look, the company's June quarter results seem to revive some of those fears."/>
As JLR's new products impress, Tata Motors June quarter profit fall may be ignored [Mint, New Delhi]
Castro Model Ltd. has signed an agreement to buy half the shares in the Hoodies group at a valuation of NIS 356.4 million, representing 5.4 times Hoodies' EBITDA in 2015. Castro has bought 26.4% of Hoodies and received an option to raise its stake to 50%. The deal covers fashion chain Hoodies, accessories chain Top Ten, sunglasses chain Carolina Lemke, and international accessories chain Accessorize."/>
Fashion chain Castro buys stake in Hoodies [Globes, Tel Aviv, Israel]
Migdal Insurance and Financial Holdings Ltd. in October 2012 for $107.5 million, and the investment is now being realized. The building was constructed in 1990."/>
Harbor Group, Migdal sell CNN building in Washington [Globes, Tel Aviv, Israel]
Detroit Free Press Mark Phelan column [Detroit Free Press]
MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others; according to three people close to the development. Taiwan's Foxconn and GIC are likely to participate too. The deal, which is likely to get closed in another 30-60 days, is expected to value One97 at about $5 billion,..."/>
Paytm parent in talks to raise around $300 million from MediaTek, Temasek, others [Mint, New Delhi]
A community with many facets [The Philadelphia Inquirer]' s giant retail warehouses, with help from millions in state aid and tax forgiveness. The online retail and internet services giant runs 13 fulfillment warehouses and distribution centers in the commonwealth, covering nine million square feet. That's the same number of facilities and about three-quarters as much space as Amazon uses in California, which has triple Pennsylvania's population."/>
Amazon looks for giant 'footprint' in Pa. [The Philadelphia Inquirer]

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