Forex reserves rise

Mumbai, Sept. 10: The foreign exchange reserves rose by $1.7 billion during the week ended September 2. The forex reserves stood at $1,45,555 million, according to the Reserve Bank of India?s weekly statistical supplement released here today. Foreign currency assets also increased by $1,560 to $1,39,559 million on September 2, RBI said. The rise in inflows is primarily due to revaluation of non-US foreign currencies such as euro, sterling and yen, analysts said.

MphasiS offer

Mumbai, Sept. 10: MphasiS BFL Ltd will buy back the shares of the company. The board has given its in-principle approval for a proposal to buy back the company shares, subject to shareholders? approval, MphasiS has informed the Bombay Stock Exchange. The board has also constituted a special committee of directors which is duly authorised to finalise the mode, price, amount and other details of the proposed buyback, it said.

UB dividend

Mumbai, Sept 10: Vijay Mallya's United Breweries Ltd today said it will consider the payment of interim dividend to the shareholders on September 19.