Industry News

Waterstone Financial Inc reported on Tuesday that its board of directors approved a common stock cash dividend of USD0.08 per share. The dividend will be paid on 1 November 2016 to shareholders of record at the close of business on 11 October 2016.. A savings and loan holding company, Waterstone Financial is the parent of WaterStone Bank that was established in 1921."/>
Waterstone Financial announces quarterly dividend of USD0.08 per share
Reliance Infrastructure files papers with Sebi for InvIT. Reliance Infrastructure Ltd has filed papers with capital market regulator Securities and Exchange Board of India to register an infrastructure investment trust for its toll road projects, Mint reported, citing two people aware of the development."/>
Deals Buzz: CCI approves acquisition of 4 Pfizer brands by Piramal Enterprises [Mint, New Delhi]
ICICI Bank Ltd is looking to trim 12.63% stake and raise about Rs6, 056 crore. As of 5:30pm on Tuesday, the IPO received applications for 68.78 million shares against 132.37 million shares, stock exchange data showed."/>
ICICI Prudential Life IPO subscribed 52% on Day 2 [Mint, New Delhi]
Castrol India Ltd witnessed a series of block deals on Tuesday, in which around 42.20 million shares or 8.5% stake in the company changed hands, Bloomberg reported. Details of buyers and sellers were not available. Shares of Castrol India opened sharply higher after the Bloomberg report said that BP Plc. is selling 8.5% stake in Castrol India Ltd in a block trade."/>
BRIEF: Castrol India jumps 8.79% as BP sells 8.5% stake in block trade [Mint, New Delhi]
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

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