Industry News

UltraTech Cement Ltd's Rs.15, 900 crore deal to buy the cement assets of debt-laden Jaiprakash Associates Ltd has run into a snag over the latter's failure to meet some commitments linked to the transaction, said two people with direct knowledge of the matter. "Jaypee Group has not met certain financial commitments including clearing statutory dues and providing necessary working capital for the plants under review. The group has also sought additional..."/>
UltraTech's Rs15,900 crore Jaypee cement deal hits a hurdle [Mint, New Delhi]
Tata vs RIL: Fortune favours the brave [Mint, New Delhi]
ViaSat Inc., a global broadband services and technology company, on Thursday opened a research and development centre in Chennai to strengthen its presence in India. "India is a recognized technology innovation hub with highly-sought after engineering talent and business potential," said Mark Dankberg, chairman and CEO, ViaSat. "The new centre in Chennai is a major step in building ViaSat's footprint in Asia, making India important to our strategic..."/>
US-based ViaSat to strengthen its India presence [Mint, New Delhi]
Facebook Inc.. Even as the two rivals slug it out for ad dollars in a slowing US ad market, they are looking for the next frontier of growth. And nothing looks as good as India's under-penetrated market--in terms of users, advertising, Internet access, anything at all."/>
India, the final frontier for Google and Facebook? [Mint, New Delhi]
Uniqlo's basic styles head to Disney Springs [Orlando Sentinel]
Apple for a number of years. Now that the stock is down so much, should I put all of my investments in AAPL? A: While I feel that apple will be a solid company for many years to come, my answer is no."/>
Orlando Sentinel Ask an Expert column [Orlando Sentinel]
Apple reportedly has held talks about purchasing Tidal, a music streaming service run by rapper Jay Z. The Wall Street Journal, citing people familiar with the matter, said Apple is eyeing Tidal because of its ties to popular artists such as Kanye West and Madonna. This could help Apple with its own music service, which launched in June 2015.."/>
Apple reportedly in talks to buy Jay Z's Tidal Music Service [East Bay Times]
Costco Wholesale Corp. and its new credit card partner, Citibank Visa, stumbled in the transition scheduled last week away from the retailer's longtime reliance on American Express. And Costco's biggest rival, the Sam's Club unit of Wal-Mart Stores Inc., is scrambling to capitalize."/>
Sam's Club takes advantage of Costco's Citi Visa fumble [Star Tribune (Minneapolis)]
Chicago Tribune Rex Huppke column [Chicago Tribune]
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Micron Technology, the Boise-based manufacturer of memory chips, said Thursday it plans to cut jobs to save money as sales have declined. The layoffs and other cost-cutting measures will save about $300 million in the 2017 fiscal year, the company said. The company is cutting about 7.5 percent of its total workforce of 32,000.."/>
Micron to cut about 2,400 positions globally [The Idaho Statesman]
East Bay Times Michelle Quinn column [East Bay Times]
East Bay Times Troy Wolverton column [East Bay Times]
Mercury News Troy Wolverton column [Mercury News]
San Diego economy slips in May [The San Diego Union-Tribune]

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