Walt Disney Co. has reached a deal with Indian UTV to double its stake. This is one the Disney’s efforts to expand internationally.

Disney will raise its holding in UTV Software Communications Ltd. to 32.1%, the same level as UTV’s founders, from 14.9%.
By acquiring 9.35 million shares for 8.05 billion rupees.

UTV launched two entertainment television stations last year and another one this month. UTV is launching one movie channel- UTV Movies and a Business channel- UTVi.

Today, Bank of America Corp. and Chevron Corp. replaced Altria Group Inc. Honeywell International Inc. in the Dow Jones industrial average.

The Dow Jones Industrial Average is simply the average value of 30 large, industrial stocks – one of several stock market indices to gauge the performance of the industrial component of America’s stock markets.

Here is the Forbes list of Most Expensive Rental Markets around the world.

1. Hong Kong - $6,398 a month
2. Tokyo, Japan - $4,102 a month
3. Moscow, Russia - $4,000 a month
4. New York, N.Y. - $4,000 a month
5. London, England - $3,889 a month
6. Seoul, South Korea - $3,425 a month
7. Geneva, Switzerland - $2,840 a month
8. Beijing, China - $2,840 a month
9. Paris, France - $2,634 a month
10. Osaka, Japan - $2,564 a month

[Via - Forbes]

Tata Mutual Fund has launched Tata Growing Economies Infrastructure Fund, an open ended equity scheme with two plan option for investors.

The objective of the Tata Growing Economies Infrastructure Fund would be to invest in infrastructure related sectors in growing economies overseas and in India.

Tata Growing Economies Infrastructure Fund: An open-ended equity scheme, priced at Rs.10 per unit (plus applicable load) will open for initial subscription on February 18, 2008 and close on March 19, 2008. The scheme will re-open for ongoing subscriptions not later than 30 days from the closure of the NFO.