Industry News

BP Plc sold a 8.53% stake in lubricant maker Castrol India bringing down its shareholding to 51%. "BP has undertaken a strategic portfolio review to optimise the deployment of capital across different businesses," the company said in an emailed statement. Castrol India shares rose 8.79% to Rs459.60, while the benchmark BSE Sensex shed 0.39% to 28,523.20 points."/>
BRIEF: BP sells 8.53% stake in Castrol India; shareholding at 51% now [Mint, New Delhi]
Den Networks Ltd by acquiring an additional 6.7% stake in the company through a preferential allotment of shares. In a filing with the stock exchanges, Den Networks said that it has received board approval to sell 15.8 million shares on a preferential basis to existing investor Goldman Sachs at Rs.90 apieceRs. for about Rs.142.43 crore in total. Following the share allotment, US-based..."/>
Goldman to raise holding in Den Networks [Mint, New Delhi]
Reliance Infrastructure Ltd has applied to the capital markets regulator to register an infrastructure investment trust for its toll road projects, two people aware of the development said. InvITs manage income-generating infrastructure assets, offering investors a regular yield and a liquid method to invest in infrastructure projects. Developers can use the long-term funds raised to unlock value in completed projects or repay debt associated with them."/>
Reliance Infrastructure files papers with Sebi for InvIT [Mint, New Delhi]
Multi Commodity Exchange of India Ltd, and homes of four officials with the..."/>
CBI arrests Jignesh Shah in connection with MCX-SX licence [Mint, New Delhi]
Tesla Motors and its $2.3 billion bid to buy SolarCity. The merger, intended to advance Tesla co-founder and CEO Elon Musk's vision of creating a renewable-energy powerhouse, has received a lukewarm reception on Wall Street and is facing legal challenges that could delay the deal. And unlike most corporate mergers, it's not a certainty that the deal will win shareholder approval, especially at Tesla."/>
Tesla-SolarCity deal confronting four hurdles [The Buffalo News, N.Y.]
Thomson Reuters, the world's leader in intelligent information for businesses and professionals, today announced its 2016 Citation Laureates. The annual Citation Laureates study has predicted 39 Nobel Prize winners since 2002. The study mines scientific research citations within the Web of Science™— the premier global search and discovery platform for the sciences, social sciences..."/>
Web of Science Predicts 2016 Nobel Prize Winners
Kemper Corporation announced today that James“ Jim” J. McKinney will join the company in November as Senior Vice President and Chief Financial Officer. McKinney will report directly to Joseph P. Lacher, Jr., Kemper’ s President and Chief Executive Officer. McKinney replaces Frank J. Sodaro, who will serve as a senior advisor to the company through the end of 2016."/>
Kemper Announces James J. McKinney to Join the Company as Chief Financial Officer
Pinetree Capital Ltd. today announced an update in respect of its beneficial ownership of common shares of Latin American Minerals Inc.. As of the date hereof, Pinetree continues to beneficially own 6,820,000 common shares of Latin American, comprised of 4,820,000 common shares and 2,000,000 exercisable common share purchase warrants. However, as a result of certain equity issuances by Latin American in which Pinetree did not participate,..."/>
Pinetree Capital Ltd. Provides Update of Its Beneficial Ownership of Common Shares of Latin American Minerals Inc.
49 North Resources Inc. is pleased to announce that at the Annual and Special Meeting of Shareholders held September 20, 2016, the Company's shareholders re-elected Tom MacNeill, Andrew Davidson, Norman Betts and Andrew Cook as the Company's directors. 49 North also reports the resolutions re-appointing Davidson& Company LLP as auditors for the Company and approving the continuation of the Company's stock option..."/>
49 North Resources Inc. Announces the Results of its Annual and Special Meeting of Shareholders

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