Industry News

Moving day [Desert Dispatch, Barstow, Calif.]
Reliance Infrastructure Ltd has applied to the capital markets regulator to register an infrastructure investment trust for its toll road projects, two people aware of the development said. InvITs manage income-generating infrastructure assets, offering investors a regular yield and a liquid method to invest in infrastructure projects. Developers can use the long-term funds raised to unlock value in completed projects or repay debt associated with them."/>
Reliance Infrastructure files papers with Sebi for InvIT [Mint, New Delhi]
The genesis of Zoomcar [Mint, New Delhi]
Den Networks Ltd by acquiring an additional 6.7% stake in the company through a preferential allotment of shares. In a filing with the stock exchanges, Den Networks said that it has received board approval to sell 15.8 million shares on a preferential basis to existing investor Goldman Sachs at Rs.90 apieceRs. for about Rs.142.43 crore in total. Following the share allotment, US-based..."/>
Goldman to raise holding in Den Networks [Mint, New Delhi]
Apollo Tyres Ltd has hired Steven Smidlein from Goodyear Tire and Rubber Co. as senior vice-president for north America. Smidlein will be responsible for building the brand and sales in north America for both..."/>
Apollo Tyres's Neeraj Kanwar eyes US market again, 3 years after Cooper fiasco [Mint, New Delhi]
CSR spending picks up in FY16 [Mint, New Delhi]
Tesla Motors and its $2.3 billion bid to buy SolarCity. The merger, intended to advance Tesla co-founder and CEO Elon Musk's vision of creating a renewable-energy powerhouse, has received a lukewarm reception on Wall Street and is facing legal challenges that could delay the deal. And unlike most corporate mergers, it's not a certainty that the deal will win shareholder approval, especially at Tesla."/>
Tesla-SolarCity deal confronting four hurdles [The Buffalo News, N.Y.]
Thor Industries' 2016 Open House opened on Monday morning at the RV/MH Hall of Fame, giving dealers a good look at new models. By mid-morning a steady stream of dealers were going in and out of the more than 500 units on display."/>
Thor Open House 2016: World's largest RV maker shows off new amenities [The Elkhart Truth, Ind.]
Sinclair Broadcast Group Inc. lowered its estimate for third quarter media revenues on Tuesday because of weaker-than-expected spending on political advertising. Shares of Sinclair fell more than 9 percent in Tuesday trading to close at $25.98 each. The Hunt Valley-based broadcaster now expects media revenues of about $637 million to $638 million-- a 28 percent gain compared to the third quarter of 2015, including about $46 million in political spending."/>
Sinclair Broadcast lowers revenues estimate due to weak political advertising [The Baltimore Sun]
Under Armour CEO still needs millions in state and federal funding to make his dream a reality. Plank's Sagamore Development Co. is now attempting to win approval of about $350 million in state funding and $225 million in federal funding. The developer also needs to persuade various agencies to sign off on permits for..."/>
After City Council vote, Port Covington targets millions in state and federal money [The Baltimore Sun]
Macy's is planning to hire about 83,000 people to help handle what it hopes will be a busy holiday shopping season. That's about the same number of seasonal associates Macy's hired last year, the retailer announced Tuesday. The positions are at the company's Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers across the country."/>
Macy's to hire 83,000 seasonal workers to meet holiday demand [The Morning Call (Allentown, Pa.)]
Target Corp.' s first experiment in sponsoring a tech incubator has already produced tangible results, including at least six partnerships with the retailer among the 11 start-ups that took part. Two of them-- Hong-Kong based Inspectorio, which aims to improve third-party inspections of retailers' supply chains, and Los Angeles-based Branch Messenger, a mobile app that enables store workers to more easily swap shifts-- are moving their small teams and headquarters to..."/>
Target's first tech incubator with Techstars already hatching tangible results [Star Tribune (Minneapolis)]

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