New Delhi: Ansal Properties & Infrastructure Ltd and Malaysia’s UEM Builders Bhd have signed up a joint venture agreement for carrying out construction activities in India.

Bangalore: United Breweries (UB) is considering to lift around Rs 425 crore through a rights issue for providing financial support to its capacity development and upgradation plans. The final decision in this regard was taken at the company’s board meeting on September 27, 2007.

The two major stockholders chairman Vijay Mallya and UK brewer Scottish & Newcastle will take part in the rights issue compliant with their shareholding patterns.

After opening at 17,152.31 in the early trades, the BSE benchmark index, Sensex continued to trade strong in the afternoon trades. Afterward the index shed the majority of its points in the after hours. Lastly, it regained strength amidst instability and touched a peak of 17,361.47, to close the day on a firm note. Selected stocks from banking, auto, pharma, metal, realty gained ground, whereas IT stock dangled.

Through subscription of preferential warrants allocation, the creators of Arvind Mills Ltd are ready to expand their shareholding in the textiles company by about 13 per cent from the subsisting 33 per cent.

In a statement to the stock markets, the company said that the founders of the company would pay a regular contribution to 50.6 million warrants, transformable into equity within the 18 months at Rs 52 per share.

Mumbai: The rupee dropped off from nine-and-a-half year peaks on yesterday, driven lower by suspected central bank interference and some short covering by capitalists, even if flows into the stock exchange limited losses.

The partially convertible rupee ended at 39.8450/8500 per dollar, dislocating from its last day close of 39.71/72, when it hit a high of 39.62 in early trade its most accented since April 1998.

New Delhi: In order to tap India’s rustic population, administration and private sector companies will have to concentrate on specialised infrastructure. India’s rustic population accounts for more than $100 billion in consumer spending certainly the largest buyers in the country.

A report prepared by CII and YES Bank reported that diverse population, hapless infrastructure, seasonal demand, multifaceted buying behavior and price predisposition are the main challenges that companies projecting to enter rural retail need to overcome.