Industry News

Walt Disney Co. has decided to pull the plug on its Hindi movie production business, shortly after its big-budget release Mohenjo Daro fizzled out at the box office. Made at a cost of Rs115 crore, the period epic directed by Ashutosh Gowarikar and starring Bollywood heart-throb Hrithik Roshan collected Rs57.92 crore in the first three weeks of its screening and simply didn't have the legs to run longer. "We periodically review and realign our business..."/>
Why Bollywood's investment model is not working [Mint, New Delhi]
Reliance Communications Ltd's wireless business and Aircel Ltd will improve the combined entity's competitive position in the world's second largest telecom market by users. A subscriber base that generates low average revenue per user of Rs100, slow growth rate and weak operations along with the fact that the entity will have to establish a new brand and will carry a huge debt burden are the challenges..."/>
Most analysts bearish on RCom-Aircel merger [Mint, New Delhi]
Reliance Communications Ltd announced the merger of its wireless operations with Aircel Ltd, its statement was sketchy on the details. On Thursday, in a conference call with investors, it cleared some of the air around the merger, but kept some details close to its chest. Investors clearly didn't like what they saw."/>
RCom clears some air on Aircel merger but investors not happy [Mint, New Delhi]
Trai suggests norms to track radio audience [Mint, New Delhi]
Hero MotoCorp Ltd, said on Thursday that it had raised Rs1, 000 crore, as it seeks to expand its loan book more than four-fold by 2020.. The non-banking financial company raised Rs570 crore from firm ChrysCapital Advisors Llp; Rs132 crore from Credit Suisse Group AG; and Rs300 crore from Hero Group. Hero FinCorp, in which Hero MotoCorp has a 40.3% stake with the rest owned by its promoters, is targeting expanding its loan book to..."/>
Hero FinCorp raises Rs1,000 from ChrysCapital, others [Mint, New Delhi]
Tesla Motors' bid to open retail stores here, once again sending a message to the upstart automaker that it is not welcome in the state. Any Michigander who wants to buy a Model S or Model X will have to drive to Chicago, Cleveland, Columbus, Cincinnati or Indianapolis where the Palo Alto-based Tesla operates galleries, mostly in upscale shopping malls. Tesla wants to sell its high-end battery-powered cars directly to..."/>
It's final: Michigan won't let Tesla open a dealership in Grand Rapids [Detroit Free Press]
Target Corp.' s red-and-khaki faithful, CEO Brian Cornell couldn't help but acknowledge some recent "bumps in the road" at the company's annual preholiday pep rally. Yet the Minneapolis-based retailer's fall national meeting Thursday was to fire up his team for the critical holiday season, and he asked the headquarters employees and store managers flown in from around the county to give him everything they had for the final..."/>
CEO Brian Cornell rallies his Target team for the critical holiday season [Star Tribune (Minneapolis)]
Hero MotoCorp Ltd three years ago, said on Thursday that it has raised Rs1000 crore as it aims for a Rs35, 000 crore loanbook by 2020.. Its current loanbook is Rs8000 crore. The firm raised Rs570 crore from private equity firm ChrysCapital; Rs132 crore from Credit Suisse; and Rs300 crore from the Hero Group."/>
Hero FinCorp raises Rs1,000 crore to expand and diversify business [Mint, New Delhi]
Toyota Motor Corporation will launch round two of the Open Road Project1 primarily in Tokyo. The second round of the project this time will involve other companies as well as the general public so as to realize the full potential of Toyota's i-Road ultra-compact concept electric vehicle. As part of the Open Road Project, Toyota will provide the i-Road to general consumers as test pilots for a fixed duration, so as to..."/>
Toyota to Begin Verifying the Needs of Businesses to Encourage the Practical Use of the i-Road
T.J. Maxx coming to Middletown [Asbury Park Press, N.J.]
Daily Mail, London, business briefs column [Daily Mail, London]
Dollar General is hosting three hiring events in Fresno and Madera counties to fill positions for new store openings and current vacancies. The company plans to hire 10,000 new employees nationwide by Oct. 15, including part-time and full-time store managers, assistant managers and sales associates. Store and human resources managers will be at the Laton store, 21135 S. Fowler Ave., between 8 a.m. and noon Monday."/>
BRIEF: Dollar General hosting hiring events in Fresno, Madera counties [The Fresno Bee]
Energizer Bunny kept going and going and going-- until he didn't. Battery maker Energizer Holdings didn't completely do away with the popular pink mascot over the past five years, but he was sidelined. Renditions of his accompanying "keep going" tagline that ran from the bunny's debut in 1989 until 2011 were replaced with the motto "that's positivenergy.""/>
He's back: Brand building drives Energizer Bunny's re-emergence [St. Louis Post-Dispatch]
Francesca's and Marine Layer are the newest additions to Monterey Street in downtown San Luis Obispo as part of the Chinatown project. Francesca's, a boutique store that carries women's clothing, accessories and gifts, is at 846 Monterey St. The 1,400- square-foot store will carry a hand-picked selection of goods, including California-specific items and new products almost daily, a company representative said."/>
Two new clothing stores set to open in SLO Chinatown project [The Tribune (San Luis Obispo, Calif.)]
Gmail outage over for most [The Miami Herald]

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