Industry News

Tata Motors Ltd, India's largest automaker by sales revenue, is set to report its earnings for the June quarter on Friday. The Tata Group flagship, which is driven by its UK subsidiary Jaguar Land Rover Automotive Plc, both in terms of profitability and revenue, is expected to report a net profit of Rs.2, 533 crore, according to a Bloomberg poll of 23 analysts, and a net sales of Rs.65, 111 crore, according to 24 analysts. Driven by new models, JLR continued to turn in brisk..."/>
Tata Motors Q1 results: What to watch out for [Mint, New Delhi]
Local business briefs [Herald-Times, Bloomington, Ind.]
Garmin International Inc. will be built on a new road named One Garmin Way. Garmin, maker of navigation and wireless devices, and the city of Olathe will jointly announce Friday that groundbreaking will begin for a $200 million expansion project at the company's headquarters. The new construction includes a 720,000- square-foot manufacturing and distribution center and a new loop road that will extend through the campus at..."/>
Garmin launches $200 million expansion at Olathe headquarters [The Kansas City Star]
Starbucks at 749 East Broadway at the intersection of L Street in South Boston, despite opposition from Mayor Martin J. Walsh and many neighbors. "We're thrilled with the decision and look forward to being an active neighbor and gathering place for the Southie community."/>
Starbucks wins Southie rematch [Boston Herald]
MannKind Corporation, a developer of devices for treatment of diabetes. Before his death, Mann staged offerings for the company on both Nasdaq and the Tel Aviv Stock Exchange."/>
Alfred Mann's legacy stimulates Israeli innovation [Globes, Tel Aviv, Israel]
Akamai Technologies Inc. with its "State of the Internet" reports. Enterprises, on the other hand, know Akamai for more than just that--as a content delivery network services company that helps them access a speedier and smarter Internet, and one that is reliable and secure. Much of what Akamai does is accomplished with the help of sophisticated algorithms, Tom Leighton, its chief executive officer, said in an interview in Mumbai."/>
Whatever we do is around mobile now: Akamai CEO Tom Leighton [Mint, New Delhi]
Target Corp. said it will end its business relationship with Welspun India Ltd, stating it had received bedsheets where Egyptian cotton was substituted with a cheaper variant. When stock market trading resumed on Monday, it was clear Welspun India wasn't worth the Rs.10, 370 crore valuation it enjoyed until the prior week. But how much was it now worth?"/>
How long does it take to discover Welspun India's new worth? [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
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 Communications Ltd said on Thursday that it had filed a complaint against Sharepro Services Pvt. Ltd with the Economic Offences Wing, citing certain irregularities in the records of its securities maintained by the share transfer agent. In April, the Securities and Exchange Board of India had filed a complaint with the EoW for registering a first information report against Sharepro Services and 15 others--less than two weeks after the regulator had barred..."/>
Tata Communications files complaint against Sharepro with EoW [Mint, New Delhi]
Rite Aid finally opened in downtown Allentown on Thursday morning, and Bessie Hunter was there "shopping hard." After all, she and the fellow residents of nearby Center Square Apartments, a senior housing complex on Seventh Street, have been waiting for a pharmacy downtown for more than four years, which is when Rite Aid's longtime Hamilton Street store was razed to make way for PPL Center. "It's convenient, and it's in walking distance," said Hunter, who had been..."/>
Finally, Rite Aid opens in downtown Allentown [The Morning Call (Allentown, Pa.)]
Sears Holdings Corp. will close its store at Eden Prairie Center in November, the company said Thursday. The closing is part of a series of actions the Chicago-based retailer is taking to cut expenses and transform its asset base. The announcement came on the same day Sears reported a sales decline and net loss in the May-to-July quarter."/>
Sears, amid more red ink, says it will close Eden Prairie store [Star Tribune (Minneapolis)]
Almost ready [Desert Dispatch, Barstow, Calif.]

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