Industry News

Western Asset Mortgage Capital Corporation approved a common stock cash dividend of USD0.31 per share for the third quarter of 2016, the company disclosed on Thursday. With an ex-dividend date of 30 September 2016, the dividend will be paid on 25 October 2016 to shareholders of record as of 4 October 2016.. In addition, the company estimates that its book value per share was about USD11.54 per share, as of 31 August 2016 that is unaudited and has not been..."/>
Western Asset Mortgage Capital announces Q3 dividend of USD0.31 per share
Vodafone Group to infuse $7 billion into Indian arm. British telecommunication major Vodafone Group Plc. has infused Rs.47, 700 crore in its Indian arm Vodafone India to help it acquire more spectrum, expand infrastructure, reduce debt, capitalize a proposed payments bank and improve service quality."/>
Deals Buzz: Bharti Airtel to invest nearly Rs15,000 crore in India, South Asia [Mint, New Delhi]
L&T Technology Services Ltd debuted at a 4.7% premium on the stock market on Friday, after the issue was subscribed 2.52 times earlier this month. L&T Technology Services's initial public offering bucks the trend among Larsen and Toubro Ltd's subsidiaries, as two of the company's units made a weak debut on the bourses. In July this year, L&T Infotech Ltd shares listed at a 1.74% discount to their issue price, while L&T Finance Holdings Ltd fell 3.94% when it..."/>
L&T Technology Services makes stock market debut at 4.7% premium [Mint, New Delhi]
Orco Property Group : OPG reference PR 23.9.2016
Boston Herald The Ticker column [Boston Herald]
REC Silicon ASA Trading Update
Bharat Financial Inclusion Ltd on Thursday said S. Dilli Raj, president of the company, resigned from the services of the company effective 21 September."/>
BRIEF: Bharat Financial Inclusion president Dilli Raj resigns [Mint, New Delhi]
ICICI Bank Ltd will continue to bring back capital from its overseas subsidiaries as its international business stagnates, a top executive has said. Kannan, an executive director at India's second largest private sector lender, business at its wholly-owned subsidiaries has not been growing because Indian companies are not enthusiastically going abroad and seeking to acquire capacities. This means they don't require much funding from the bank's..."/>
ICICI Bank to funnel overseas capital to boost domestic focus [Mint, New Delhi]
Edelweiss Financial Services Ltd has agreed to acquire Ambit Investment Advisors' flagship hedge fund Ambit Alpha Fund with an AUM of over Rs.1, 100 crore, as per a statement. The deal size was not disclosed. With the transaction, which is subject to due diligence and requisite regulatory approvals, Edelweiss will be its new investment manager."/>
Edelweiss Group to acquire Ambit Alpha Fund [Mint, New Delhi]
Vodafone Group Plc. that will help it buy more spectrum, expand infrastructure, reduce debt, capitalize a proposed payments bank and improve service quality. "This equity infusion will be used for right-sizing our spectrum portfolio, expansion of technology across our multiple technology layers and deployment of future next-generation 4 G and 5 G technology," said Sunil..."/>
Vodafone responds to Reliance Jio with $7 billion push [Mint, New Delhi]
KeyCorp, which owns KeyBank, said Thursday the conversion of all First Niagara Bank branches will take place during Columbus Day weekend. The merger between KeyBank and First Niagara-- in which First Niagara's systems will be moved to KeyBank's systems-- is scheduled to begin Oct. 7. The conversion will last three days, with 300 First Niagara branches in four states reopening Oct. 11 as KeyBank offices."/>
First Niagara Bank conversion set for next month [The Morning Call (Allentown, Pa.)]
Aflac and its duck have been great for the Columbus workforce and community as a whole, as well as those fortunate enough to have invested in the supplemental insurer all these years. After all, the company headquartered on Wynnton Road, with its Paul S. Amos campus in east Columbus, enjoys a local employee base approaching 4,000. And it racks up more than $21 billion in revenue each year from its business in the U.S. and Japan. Need we say its stock price also..."/>
Aflac and its duck help CureFest put spotlight on childhood cancer [Columbus Ledger-Enquirer, Ga.]

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