Industry News

Bank of India on Monday stated that India's growth prospects in financial year 2016-17 are somewhat brighter than what they were in 2015-16, primarily due to better monsoon, as well as due to better money in the hands of government employees owing to the seventh pay commission. "A virtuous cycle of growth is possible, reinforced by anticipation of the coming benefits from reforms like the recently passed Goods and Services Tax legislation in Parliament,"..."/>
RBI's FY16 annual report: Five key takeaways [Mint, New Delhi]
Yes Bank launched unified payments interface based payments app on Monday. PhonePe allows users to link their bank accounts securely to their smartphone using National Payments Corporation of India's encrypted libraries."/>
Flipkart's PhonePe ties up with Yes Bank to launch UPI-based app [Mint, New Delhi]
First International Bank of Israel controlling interest partners sold 4% of the shares of FIBI Holdings Ltd., through which the bank is controlled, for NIS 80 million. The shares were sold for NIS 56.30, 3% lower than the stock exchange closing price yesterday. FIBI share prices have jumped over 10% in 2016, reflecting a market cap of NIS 2.06 billion."/>
Liberman family sells part of First Int'l Bank stake [Globes, Tel Aviv, Israel]
Pointer Telocation Systems Ltd. has acquired a fleet services management company in Southern Brazil. Pointer will pay $6.5 million in cash for Cielo Telecom, which manages fleet customers covering 16,000 trucks. Cielo, founded in 1994, has a strong presence in the Brazilian truck sector."/>
Pointer buys Brazilian fleet management co for $6.5m [Globes, Tel Aviv, Israel]
Jerusalem Economy Ltd., managed by CEO David Svida, today reported strong results for the second quarter and first half of 2016. The company reported NIS 51.4 million profit, compared with heavy NIS 116.7 million losses in the corresponding quarter last year. Jerusalem Economy's results are published one day after brothers Naty and Ofer Saidoff, former Israelis dealing with real estate in the US, made an unexpected proposal to acquire 29% of the..."/>
As Saidoff bros circle, Jerusalem Economy posts strong quarter [Globes, Tel Aviv, Israel]
DLF Ltd's net profit more than doubled in the June quarter, compared with the corresponding period a year ago, owing to a one-time extraordinary gain from the sale of DT Cinemas. India's largest developer's net profit rose 107.6%, while revenue dropped 21.82% to Rs.1, 867.46 crore in the same period. During the June quarter, DLF concluded the DT Cinemas sale transaction to multiplex owner PVR Ltd, resulting in a one-time extraordinary gain of Rs.372..."/>
DLF Q1 profit doubles to Rs261.42 crore aided by sale of DT Cinemas [Mint, New Delhi]
Facebook page and organic treats in its lobbies."/>
Green banker: Reception to Lauderdale branch preferable to 'ridicule and scorn' he experienced in Central Florida [Sun Sentinel]
Mondelez International, maker of Oreo and Cadbury, officially halted its quest to form the world's largest confectionary maker, announcing Monday that it's ended conversations to acquire chocolate giant Hershey. The announcement broke a prolonged silence on the possible deal after Deerfield-based Mondelez's offer of $26 billion was quickly rejected by Hershey in late June. From the get-go, the possible merger appeared saddled with obstacles, including..."/>
No sweet dreams: Oreo-maker Mondelez ends bid for Hershey [Chicago Tribune]
McDonald's has chosen the winner of its monthslong advertising competition. Omnicom, the parent company of DDB Chicago, has been awarded control of McDonald's nearly $1 billion annual ad business. As part of the deal, Omnicom will create a new agency that will handle business exclusively for the world's largest burger chain."/>
Omnicom wins McDonald's ad account worth nearly $1 billion [Chicago Tribune]
Greenland Hong Kong Holdings Limited, a subsidiary of Greenland Holdings Corporation Limited, which is a leading global real estate company, today announced its unaudited interim results for the period ended 30 June 2016. For the period under review, the Company recorded a total revenue of approximately RMB5, 232 million, an increase of 456% approximately year-on-year. Net profit attributable to owners of the Company was approximately RMB101 million,..."/>
Greenland Hong Kong Announces 2016 Interim Results and Total Revenue Grew by 456% YoY
SolarCity was one of the nation's hottest growth companies. The company, which plans to open the biggest solar panel factory in North America next year in South Buffalo, still is the nation's leading installer of residential rooftop solar energy systems, with a commanding market share equal to that of its 50 biggest competitors combined. But SolarCity, over the past year, has stumbled, with its growth slowing to more pedestrian levels, its losses swelling and..."/>
Regulatory headwinds slow SolarCity's growth [The Buffalo News, N.Y.]
Prospect Capital Corporation today announced financial results for our fiscal year and fourth fiscal quarter ended June 30, 2016.. For the year ended June 30, 2016, our net investment income was $371.1 million or $1.04 per weighted average share. For the year ended June 30, 2015, our NII was $362.7 million or $1.03 per weighted average share."/>
Prospect Capital Reports $1.04 of Net Investment Income per Share in 2016 Fiscal Year and $0.26 of Net Investment Income per Share in June 2016 Quarter, Exceeding Dividends per Share in Both Periods
Callidus Capital Corporation announced today that it is increasing the purchase price under its substantial issuer bid for the purchase and cancellation by Callidus of 3,571,428 of its outstanding common shares to $16.50 per Share from $16.10 per Share. Under the revised Offer, the aggregate maximum purchase price payable by Callidus is Cdn $58,928,562.. Callidus will pay an additional $0.40 per common share to all shareholders who have previously..."/>
Callidus Capital Corporation Increases the Substantial Issuer Bid Price to $16.50 per Share and Sets a New Expiry Date
National Storage Affiliates Trust today announced its Board of Trustees declared a 2016 third quarter dividend of $0.22 per common share. The dividend is payable on September 30, 2016 to shareholders of record on September 15, 2016.. About National Storage Affiliates Trust."/>
National Storage Affiliates Trust Declares 2016 Third Quarter Dividend
Diamond Offshore Drilling, Inc. announced today that Marc Edwards, President and Chief Executive Officer, is scheduled to speak at the 2016 Barclays' CEO Energy-Power Conference in New York City on Tuesday, September 6. A webcast will be available live and for replay at Diamond Offshore is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe."/>
Diamond Offshore to Present at the 2016 Barclays' CEO Energy-Power Conference
IEG Holdings Corporation announced today that the subscription period for its previously announced rights offering expired at 5:00 PM ET today, and that the subscription rights are no longer exercisable. IEG Holdings expects the subscription agent, Computershare Inc., and the Depository Trust Company to finish tabulating the results on or about Friday, September 2 nd, 2016. The shares of IEG Holdings common stock subscribed for in the rights offering..."/>
IEG Holdings Announces Expiration of Rights Offering
Lakeview Hotel Investment Corp is pleased to report its financial results for the Quarter ended June 30, 2016. The following comments in regard to the financial results should be read in conjunction with the June 30, 2016 financial statements and Management Discussion and Analysis which are available on the SEDAR website Lakeview Hotel Investment Corp. continues to face a challenging operating environment with a struggling..."/>
Lakeview Hotel Investment Corp Announces Second Quarter Results
Summit Industrial Income REIT announced today that it has entered into an agreement to acquire a 210,727 square foot light industrial property in London, Ontario for a purchase price of approximately $16.6 million, generating a capitalization rate of approximately 7.7%. The property is occupied by a single tenant under very strong covenants with 7.5 years remaining on the lease. Built in 2009, this modern building has numerous features in demand in..."/>
Summit Industrial Income REIT Announces London, Ontario Acquisition and Accretive Financing for Calgary, Alberta Property Purchase

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