Industry News

IndAS and why the numbers don't add up [Mint, New Delhi]
Tata Motors Ltd is working to refurbish its brand image and change the focus of the company from being function-driven to accountability-driven, chief executive and managing director Guenter Butschek said Tuesday. Tata Motors is grappling with falling sales and shrinking market share as its brand takes a beating against the fast-growing Maruti Suzuki India Ltd and Hyundai Motor India Ltd.. "It's a matter of fact that as a brand, Tata Motors in the passenger..."/>
Silo approach impacted Tata Motors brand: CEO Guenter Butschek [Mint, New Delhi]
Tata Motors Ltd over the now abandoned car factory in Singur, according to cause list published by apex court. The maker of the Nano car was given around 1,000 acres by the state government in 2006 to build a factory, but in the wake of violent protests from the Trinamool Congress party, the project was shelved. Soon after coming to power in 2011,..."/>
Supreme Court to pass judgement on Singur car factory on Wednesday [Mint, New Delhi]
Auto parts vendors feel the heat over quality [Mint, New Delhi]
McDonald's Corp., against a Delhi high court order that allowed the US fast food giant to pursue arbitration. This confirms the high court verdict of 21 July which permitted McDonald's to pursue arbitration against Bakshi in the London Court of International Arbitration. McDonald's Corp. terminated its joint venture agreement with Bakshi, managing..."/>
McDonald's case: SC dismisses Vikram Bakshi's plea; arbitration to continue [Mint, New Delhi]
IndAS and why the numbers don't add up [Mint, New Delhi]
DLF Ltd, India's largest real estate developer, has shortlisted a few bidders for the sale of a stake in its commercial property arm and expects to receive binding, updated offers once the potential buyers complete due diligence. The realty firm circulated an information memorandum to a number of global and domestic investors in April and received preliminary bids from sovereign pension funds and private equity investors in June. The transaction is critical..."/>
DLF shortlists bidders for stake sale in office portfolio [Mint, New Delhi]
Macy's still plans to close 100 of its stores, the struggling retailer's downsizing will not affect the Christmas shopping you plan to do at any of the department store chain's locations. That's because Macy's won't reveal the stores that will close until after Santa has left that polo, blazer or perfume under the tree. The retailer will announce the majority of the targeted stores by the end of January, spokeswoman Elina Kazan said."/>
Macy's to reveal stores to close in January [The Morning Call (Allentown, Pa.)]
Apple to pay back taxes to Ireland, saying the country gave the tech giant illegal tax benefits worth up to 13 billion euros, or $14.5 billion. The commission said Apple's tax deal with Ireland allowed the company to avoid paying taxes on almost all the profits generated by sales of Apple products across the single-market European Union. Ireland has a corporate tax rate..."/>
Apple: Europe tax penalty could top $18 billion, impact other tech firms, say experts [East Bay Times]
Amazon planning 4th Will County warehouse [Chicago Tribune]
Fred's Inc. retail stores, after its leader Jerry Shore announced plans to retire in February. Michael Bloom, who joined Fred's from Family Dollar Stores in January 2015, is the company's new chief executive. Shore was named chief executive in 2014 and oversaw the $150 million restructuring put in place after profits fell to improve pharmacy earnings, remodel stores and upgrade store merchandise by 2017.."/>
Fred's promotes Michael Bloom to CEO as turnaround continues [The Commercial Appeal, Memphis, Tenn.]
Thor Industries, Drew Industries and Patrick Industries. The top company will be announced at an awards banquet on Sept. 15 that will be held in conjunction with the INVESTIndiana Equity Conference at the Indianapolis Marriott Downtown. Thor is the owner of several subsidiaries that, when combined, represent one of the..."/>
BRIEF: Thor, Patrick and Drew finalists for public company of the year [South Bend Tribune, Ind.]
Target marketing executive for one of the company's top leadership roles. Jeff Jones, Target's chief marketing officer, will become Uber's new president of ride-sharing. He replaces Ryan Graves, a longtime Uber executive who served as the..."/>
Uber hires Target marketing exec as president of ride-sharing [Mercury News]
Toll Brothers, the nation's largest luxury homebuilder, to create unique environments for clients in all Nevada communities. Aterra will be working with new home-buyers in in both the Las Vegas and Reno markets to enhance the design experience as well as create individualized home environments using state of the art lighting design..."/>
Aterra Designs Partners With Toll Brothers, Inc. to Expand Into Las Vegas and Reno Markets

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