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.

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.

Bharti Enterprises has declared addition of a second strategic partner in its retail expansion on Friday by adding up Filipino firm Del Monte Pacific Ltd in its business enterprise, FieldFresh Foods Pvt Ltd to sell agricultural products.

Bharti will get hold of Del Monte's Indian manufacturing facilities in Bharti's strategic move from retailing fresh farm produce to making processed goods.

Gurgaon (Haryana), Sept 26 : In a significant move, Annik, India's premier Data Services and Analytics Company, part of Raman Roy's Quatrro Group of Companies, has opened their first office in the US.

The Florida office will provide local presence for client relationship.

"We are proud to announce the opening of our US Office, a major milestone in Annik's growth. This new office will allow us to get closer to clients and provide quicker and more domain-specific responses to client needs,” said Rahul Sahgal, CEO of Annik.

Kolkata: To reposition its brand through technological upgradation, Godrej Appliance, a division of Godrej & Boyce Mfg Co Ltd, has planned Rs 300 crore capital expending in the recent fiscal.