Industry News

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 the..."/>
Adani Wilmar to diversify into value-added food business [Mint, New Delhi]
DISH Network Corp. by the end of the week. Sunbeam has been warning viewers­ of WHDH and its CW-­ affiliated WLVI-TV that those stations will go dark on DISH after July 29 if it fails to come to new terms with the country's No. 2 provider of satellite-­ based pay TV. WHDH declined comment beyond­ a statement from..."/>
Dish may drop WHDH, WLVI [Boston Herald]
Hero Electronix buys TES DST India business [Mint, New Delhi]
Mahindra and Mahindra has formed a separate aviation company in order to undertake the maintenance of the company's planes. The person who declined to be named did not elaborate on the future plans for this special unit."/>
Mahindra Group sets up aviation unit for aircraft management [Mint, New Delhi]
Bajaj Auto Ltd's net profit for the June quarter rose 2.1%, roughly in line with analysts' estimates, but the company said exports were weak and that it faced input cost pressures. Net profit at the maker of Pulsar and Avenger bikes increased to Rs.978 crore in three months ended 30 June from Rs.957 crore a year ago, the company said in a statement on Wednesday. Net revenue rose by 3.5% to Rs.6, 088 crore over Rs.5, 881.24 crore last year."/>
Bajaj Auto Q1 profit rises 2% to Rs978 crore [Mint, New Delhi]
Under Armour CEO Kevin Plank. Alvin C. Hathaway Sr. describes the benefits of the proposed Port Covington development for Baltimore, he cites the Old Testament Book of Jeremiah: "Seek the peace and prosperity of the city," the prophet says, "because if it prospers, you too will prosper.""/>
As Port Covington debate heats up, influential Baltimore pastors take sides [The Baltimore Sun]
Macy's closed last year."/>
Upper Valley Mall faces uphill battle to attract tenants [Springfield News-Sun, Ohio]
Toyota Motor Corporation announces its production, domestic sales, and export results, including those for subsidiaries Daihatsu Motor Co., Ltd., and Hino Motors, Ltd., for June 2016 and for January to June 2016. June 2016 Key Points Production in Japan Toyota- Second consecutive month of increase Daihatsu- Second consecutive month of increase Hino- Decreased Toyota+ Daihatsu+ Hino- Second consecutive month of increase Sales in Japan Toyota- Fourth..."/>
Toyota Announces Results for June 2016 and January - June 2016

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