Industry News

AU Financiers plans share sale in 2017 [Mint, New Delhi]
Bank of India opened up the sector, have never had it so good. Many public sector banks, struggling with bad loans, have started ceding market share both in deposits as well as credit to rivals in the private sector. A few large foreign banks too have halted loan expansion in the past couple of years for fear of piling up bad assets."/>
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
IDFC Ltd, is currently expanding its team with senior executives."/>
IDFC Alternatives to create a platform for renewable energy assets [Mint, New Delhi]
Multiples PE MD Dinesh Tiwari quits [Mint, New Delhi]
Deutsche Bank AG Asia Pacific, for IndoStar Capital Finance Ltd, said two people aware of the development. IndoStar, a non-banking financial company focused on corporate and small and medium enterprises, was started in 2011 by PE arms of Everstone Capital Management, Goldman Sachs Group Inc., Ashmore Group Plc, and Baer Capital Partners and others, with an initial..."/>
Everstone in talks with Gunit Chadha for IndoStar role [Mint, New Delhi]
Barclays chairman John McFarlane want to speak to Davis before the Tory party conference in a fortnight. They want to press home the point that abruptly leaving the single market could damage the City and they will be calling for' transitional measures' to smooth the process."/>
Bank chiefs' Brexit fears [Financial Mail on Sunday, London]
M and A Navigator: Deal pipeline –19 September
TMX Group Limited had been removed from the S&P/TSX Composite Index. TMX is hereby notifying all market participants of this error and has confirmed with S&P Dow Jones Indices that TMX Group remains a constituent of the index. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset..."/>
TMX Group Statement Regarding Index Inclusion
Paz Oil Company Ltd. for 17 years, sold part of his stake today, bringing him below the minimum holding necessary for control. Bino also resigned as a director of Paz, along with three other directors associated with him. Bino Holdings sold 14,093 ordinary shares in Paz in an off-floor transaction today, at a price of NIS 582.66 per share."/>
Zadik Bino relinquishes control of Paz [Globes, Tel Aviv, Israel]
Aflac, the leading provider of voluntary insurance sales at the worksite in the U.S. and a committed corporate ally in the fight against childhood cancer, announced today its newly formed relationship with CureFest, a grassroots organization whose mission is to make childhood cancer research a national priority by uniting the childhood cancer community, the general public, physicians and researchers as well as elected leaders."/>
Aflac Teams with CureFest to Eradicate Childhood Cancer
Electrical Geodesics Inc.-- or EGI-- show the company has started taking out short-term loans this year, opening up a $1 million line of credit to pay bills. The company reported a loss of $1.9 million in the first half of this year."/>
Scanning the finances of EGI, a publicly traded Eugene medical tech company [The Register-Guard, Eugene, Ore.]
Solutions Group, Inc. recently announced it is expanding its manufacturing operations with an additional location in Wurtland, Kentucky, to accommodate the rapid growth in current and future orders. PSG chief executive officer and president Robert Slagel signed the lease agreement, saying, "With current operations at our Worthington location running three shifts 24 hours a day, seven days a week, the need for additional space was inevitable.""/>
Manufacturing facility will more than double current footprint [The Ironton Tribune, Ohio]
Apple, for which Gizmo Guy is grateful. Apple points gazillions of consumers toward new or "emerging" categories of products. And it keeps rivals cranking out their own innovations with a produce-or-perish fury."/>
Gizmo Guy: Ears to the ground on the latest headphones [The Philadelphia Inquirer]
Unum Group, where he was director of corporate development and capital management."/>
Chattanooga Times Free Press, Tenn., Business Digest column [Chattanooga Times Free Press, Tenn.]
Comerica Bank, doesn't foresee a recession around the corner and expects something called a "low-growth economy" next year and possibly into 2018.. Dye, who visited Comerica clients in Ann Arbor and elsewhere in Michigan last week, noted that Fed Chair Janet Yellen stressed that "expansions don't die of old age." The U.S. economy has been growing since June 2009-- or about 87 months now."/>
Detroit Free Press Susan Tompor column [Detroit Free Press]

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