Industry News

Boston Herald The Ticker column [Boston Herald]
Yes Bank Ltd, on Tuesday launched seven credit cards together to boost its retail banking business in partnership with MasterCard. The cards come in two categories, where one is Yes Prosperity range under which there are five credit cards and the other is Yes First range under which there are two credit cards. The Yes First range is available for its high networth customers."/>
Yes Bank launches 7 credit cards [Mint, New Delhi]
DCB Bank Ltd's IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd's IPO in June 2005 was subscribed 29.13 times, according to..."/>
RBL Bank IPO closes, subscribed 69.57 times [Mint, New Delhi]
Azrieli Group Ltd. is taking another step towards expanding its activity in the digital arena. The group today launched the Azrieli app, in which the group says it invested NIS 2 million. The app is designed first and foremost as a tool for increasing customer loyalty and movement of customers in Azrieli shopping malls in order to distinguish the Azrieli brand name and gain an advantage over Melisron Ltd. and..."/>
Azrieli launches shopping mall app in Israel [Globes, Tel Aviv, Israel]
Bajaj Finance Ltd have risen higher than that of top banks such as HDFC Bank Ltd. As such, the NBFC rally may have weaker legs from here on. Besides, the June quarter results of these companies were a mixed bag."/>
Valuations and growth quality are both a worry at NBFCs [Mint, New Delhi]
Piramal Enterprises Ltd on Tuesday said it is launching a $1 billion distressed asset investment platform in association with private equity fund Bain Capital Credit. "Once finalized, the platform will invest capital directly into businesses and/or acquire debt of such businesses to drive sensible restructurings. The sponsors believe that there is an over $1 billion investing opportunity in this space over the next few years, "..."/>
Piramal Enterprises announces stressed asset investment fund with Bain Capital [Mint, New Delhi]
Gammon Infrastructure Projects Ltd, with which it had entered into a transaction to buy a total of nine assets in August, two people aware of the development said. "Work on the second tranche of asset purchase was on the slow lane for some time. However, the transaction is now almost complete and will be closed in the next couple of weeks, "said one of the two people cited above,..."/>
Brookfield close to buying remaining Gammon Infrastructure assets [Mint, New Delhi]
DCB Bank Ltd's IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd's IPO in June 2005 was subscribed 29.13 times, according to..."/>
RBL Bank IPO closes, subscribed 69.57 times [Mint, New Delhi]
Reliance Capital Ltd on Tuesday said it has inducted Anmol Ambani, the eldest son of Anil Ambani, the promoter of the group, as an additional director. Reliance Capital said the induction was based on the recommendation by the nomination and compensation committee of the company's board, which largely comprised independent directors. Anmol Ambani, 24, is the elder of two siblings, and has been working in various financial services..."/>
BRIEF: Anil Ambani's elder son Anmol joins Reliance Capital board [Mint, New Delhi]
State Bank of India, ICICI Bank Ltd, Capital Float, Indifi Technologies and FlexiLoans to facilitate these loans."/>
Shopclues to disburse loans worth Rs5,000 crore to sellers [Mint, New Delhi]
Edelweiss Financial Services Ltd--submitted unconditional bids to manage the sale and were later..."/>
Sale of SUUTI holdings put on hold [Mint, New Delhi]
Rockwell Collins will begin to move those 300 employees back into its main campus next month. Rockwell spokeswoman Pam Tvrdy-Cleary said the decision to move them to 400 Collins Rd. NE was to co-locate them with the employees they work with and support."/>
Rockwell Collins to move 300 out of downtown [The Gazette, Cedar Rapids, Iowa]
Citigroup erroneously sent some active Costco members an email last week telling them that their memberships had lapsed and that their accounts were closed. "We communicated to a small portion of Costco card members whose memberships had lapsed that their accounts had been closed, however some members received the communication in error," said Jennifer Bombardier, a Citi spokeswoman. "We quickly apprised them that their accounts are active and we apologize for any..."/>
Citigroup sends erroneous email to some Costco members [The Seattle Times]
Best Buy Co.' s shares soared nearly 20 percent on Tuesday-- its biggest one-day gain in more than a decade-- after reporting a surprising uptick in quarterly comparable sales when investors were expecting a slight drop. "Best Buy continues to defy the skeptics," David Magee, an analyst with SunTrust Robinson Humphrey, wrote in a research report."/>
Best Buy stock sees best one-day gain in a decade [Star Tribune (Minneapolis)]
Stein Mart on Sept. 16."/>
Walnut Creek: Orchards Safeway set to open Sept. 18 [East Bay Times]
LPL Financial Chief Executive Mark Casady, one key to success is not losing sight of your game plan in the midst of distractions. It's advice that can be applied to investing or to running a business. Over the past couple of years, there have been more than a few distractions for LPL Financial, the largest organization of independent financial advisers in the country."/>
LPL Financial chief: Stay on course amid volatility [The San Diego Union-Tribune]
49 North Resources Inc. has approved the grant of 2,250,000 stock options pursuant to the Company's 2008 Stock Option Plan. 1,500,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.10 per share, and if not exercised, expire August 23, 2026, subject to earlier expiration in accordance with the 2008 Stock..."/>
49 North Resources Inc. announces grant of stock options

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