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BP agreed to sell its interests in ethylene and polyethylene production in Malaysia to Petronas for $363 million in cash.

India's widening trade gap may eclipse forex market sentiment in the near-term, but prospects of capital inflows and strong economic growth may keep the outlook for the rupee bright in the medium-to-long-term, a strategist at Standard Chartered Bank told Reuters on Wednesday.

Suryoday Microfinance Pvt. Ltd, a Pune-based microfinance institution has successfully closed its Series B equity financing for a primary infusion of 175 million rupees together by Lok Capital and Aavishkaar Goodwell, as told to Microfinance Focus.

Intellectual Capital Advisory Services Private Limited (Intellecap) a Social Investment Banking and Advisory Firm has appointed Krishan Sree Kumar to the post of the company’s Chief Executive Officer (CEO) on Tuesday in Hyderabad, India.