Industry News

Mahindra and Mahindra Ltd will acquire the stake it does not own in a two-wheeler joint venture with Peugeot Motorcycles SAS for Rs196 crore. After the acquisition is completed, the venture Mahindra Two Wheelers Europe Holdings will become a wholly-owned unit of Mahindra and Mahindra, the company said in a statement to the stock exchanges on Tuesday. The acquisition will be completed in 30 days."/>
Mahindra to buy out Peugeot's stake in two-wheeler joint venture [Mint, New Delhi]
RBL Bank Ltd has raised Rs330 crore from CDC Group Plc, a UK-based development finance institution, a press statement said. The bank had raised Rs1, 211 crore in its initial public offering in August. The Tier-II capital is expected to help the lender strengthen its capital base to meet future requirements and comply with guidelines set by the Reserve Bank of India."/>
RBL Bank gets Rs330 crore from UK's CDC Group [Mint, New Delhi]
Reliance Capital Ltd, introduced his son Anmol Ambani to the firm's shareholders at the annual general meeting on Tuesday. Anmol was inducted as executive director last month. Ambani, who introduced Anmol as the grandson of Dhirubhai Ambani, said he had been lucky for the firm and its investors as its stock price had rallied since the 24- year-old was named executive director in late August."/>
Anil Ambani says son Anmol has brought Reliance Capital tremendous luck [Mint, New Delhi]
Home Depot. Kneaders was founded in 1997 by Gary and Colleen Worthington to make "artisanal European hearth breads from scratch." The first location opened in Orem, Utah, serving fresh-baked breads, pastries and soups."/>
New to Blue Springs: Kneaders Bakery & Cafe in 2017, Lane Bryant this weekend [The Kansas City Star]
Carnival Corp., Norwegian Cruise Line Holdings and MSC Cruises-- recently outlined strategic plans for China that range from deploying more ships to boosting their sales presence to brokering partnerships to build ships there. In 2015, about 986,000 Chinese..."/>
Cruise operators expanding presence in China [Sun Sentinel]
Outerwall, best known for its Redbox DVD kiosks, became a private company Tuesday after the completion of its acquisition by private equity firm Apollo Global Management. Erik Prusch, CEO of the Bellevue company, is departing as part of the deal, which was first announced in July. The acquisition is valued at $1.6 billion, or $52 per share."/>
BRIEF: Outerwall closes deal that takes it private [The Seattle Times]
Microsoft thinks it may have found the solution to the demise of Moore's Law. The maxim, named for Intel co-founder Gordon Moore, held that the number of transistors in a microchip would double about every year or two, making the brain behind computers more powerful and less expensive. That phenomenon held for five decades, and with a bit of help from inflation meant that by 2000, instead of just a calculator, $1,000 bought a laptop computer capable of handling..."/>
Microsoft opens a gate to powerful computing [The Seattle Times]
McDonald's restaurant at 3289 Sonoma Boulevard, he said. This event is designed to promote better community relations and interaction between the members of the community and the Vallejo..."/>
BRIEF: 12th Coffee with the Vallejo Cops event Thursday [Times-Herald, Vallejo, Calif.]
Marriott and Muehlebach hotel complex. Like the InterContinental plan, the Marriott group's..."/>
Another Kansas City hotel wants city help to pay for renovations [The Kansas City Star]
Marriott Grande Ocean Resort, Jim Lisenby said he is working on a deal to open an oceanfront bar sometime next year. He's keeping the details, though, close to his chest."/>
Pool Bar Jim has big plans for his return ... starting soon [The Island Packet (Hilton Head Island, S.C.)]
Five Below Inc. will close its store in the Gallery at Market East next year and reopen in 2018 on the ground floor of the former Lit Bros. building, which also will house the teen-focused retailer's corporate headquarters. The company, which sells items priced between $1 and $5, will occupy a 15,000- square-foot retail space on the ground floor of the 701 Market St. property now known as the Lits Building, chief executive Joel Anderson said in an interview Tuesday."/>
BRIEF: Five Below store to close in Gallery and reopen in Lits Building [Philly.com]
D-BOX Technologies Inc. and Cineplex Entertainment announced today their agreement to install additional D-BOX high fidelity motion systems in 10 of Cineplex's theatres across Canada. This announcement brings the total number of auditoriums that feature the D-BOX experience to 77. Installations will begin soon and are expected to be completed by year end. "As a Canadian company that's been experiencing a lot of growth overseas, we are always..."/>
D-BOX Technologies and Cineplex Entertainment Extend Agreement to Add D-BOX Motion Seats in10 Auditoriums Across Canada
Uber now has gift cards too [The San Diego Union-Tribune]
New Home Company at the 2016 Northern California MAME Awards, as the developer/homebuilder won a total of 14 awards for The Cannery, its innovative and thoughtfully designed community in Davis, Calif. NEW HOME and The Cannery were presented with three of the most prestigious MAME Awards:..."/>
The New Home Company Earns Multiple Honors for The Cannery, Including Master-Planned Community of the Year, at 2016 Northern California MAME Awards

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