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Indian regulator recommends $456 mln fine on telecoms firms

MUMBAI, Oct 21 (Reuters) - India's telecoms regulator on
Friday recommended the country's top three network operators be
fined a combined 30.5 billion rupees ($456 million) after it
found they were denying new entrant Reliance Jio sufficient
interconnection points.

CANADA STOCKS-TSX rises to fresh 16-month high as resource stocks climb

TORONTO, Oct 21 (Reuters) - Canada's main stock index rose
to a 16-month high on Friday as shares of energy and materials
companies gained ground and investors speculated on a rate cut
from the Bank of Canada.

UPDATE 1-Greek PPC receives two bids for power grid ADMIE stake-source

ATHENS, Oct 21 (Reuters) - Greece's power utility PPC
has received two binding bids for a 24 percent stake
in power grid operator ADMIE, an energy ministry source told
Reuters on Friday.

UPDATE 2-MTN says it complied with Nigerian fund transfer rules

LAGOS, Oct 21 (Reuters) - MTN did not break Nigeria's
currency transfer rules, the South African telecoms firm said on
Friday, denying allegations it illegally repatriated $14 billion
in a row analysts say exposes the inherent risk of investing in
frontier markets.

REFILE-UPDATE 1-Tereos starts talks with Petrobras to buy rest of Brazil sugar business

PARIS/SAO PAULO, Oct 21 (Reuters) - France's Tereos
has started talks to acquire Petroleo Brasileiro SA's
45.9 percent minority stake in their joint venture
Guarani, as Brazil's state-owned oil firm proceeds with plans to
quit its biofuel activities.

WRAPUP 3-Islamic State attacks Kirkuk as Iraqi forces push on Mosul

* Islamic State strikes at Kirkuk in early hours; Iranians
killed

UPDATE 2-Islamic State attacks Iraqi oil city Kirkuk, curfew declared - sources

KIRKUK, Iraq, Oct 21 (Reuters) - Islamic State militants
attacked a power station and other buildings in the northeastern
Iraqi oil city of Kirkuk early on Friday, killing at least 18
people, security sources said.

Tereos says in negotiations to acquire Petrobras' Guarani stake

PARIS, Oct 21 (Reuters) - French sugar group Tereos said on
Friday it has entered into negotiations to acquire Petroleo
Brasileiro SA's 45.9 percent minority stake in
Brazilian-based Guarani, confirming an earlier announcement by
Petrobras.

GreenWish Plans to Build 100 MW Solar Capacity in North Nigeria

GreenWish Partners, a Paris-based investment company focused on renewable energy in sub-Saharan Africa, plans to build two solar plants in northern Nigeria with a total capacity of 100 MW.

UPDATE 2-Malaysia's Najib delivers budget amid opposition protests

* For budget highlights click on

(Adds more budget details, background)

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