Religare Enterprises, the financial services arm of Ranbaxy Group, is planning to rise more than Rs 1,000 crore through rights offering to its existing shareholders.

The company's board is expected to meet on 30th October to consider raising of funds over Rs 1,000 crore at around current price level by further issue of equity shares on rights basis.

Religare Enterprise Limited, through its subsidiaries, offers a range of financial products and services to retail investors, high net worth individuals, and corporate and institutional clients in India.

State Bank of Bikaner and Jaipur, the largest associate lender of SBI, has increased the fixed deposit rates by 100 basis points to 10.75 per cent.

The bank stated in an official communiqué that for fixed deposits in between 2-3 years, the rate has been increased from 9.75 per cent to 10.75 per cent. However, the bank has kept interest rates for other maturities unchanged at the September 3 level when it last raised rates.

Last month, SBBJ raised the interest rate on term deposit in between 1-2 years by 50 basis points to 10.25 per cent.

Himachal Pradesh-based Himalya International has signed an agreement with US-based grocery chain ALDI to sell its products under "Himalya Fresh" brand name in America.

Under the arrangement, ALDI grocery stores would sell Himalya Fresh products like frozen vegetables, baby potatoes and breaded appetisers through 1,000 retail stores across the US, company Chairman Manmohan Malik said in a statement here.

The company is expecting exports to the US to grow by 60% and touch USD 10 million during the current financial year.