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Adopt carrot and stick policy to get money from Swiss banks
Industrialist Rahul Bajaj today said the government should adopt a carrot and stick policy to bring back Indian money stashed in Swiss banks and suggested that identities of account holders should be protected.

Tata Motors looks to rejig pensions at JLR
Plan aimed at minimising any direct redundancies.

News of the day

Jewellery exports shine on global economic recovery
The signs of global economic recovery have given new life to the Indian diamond processing industry, with export orders rising sharply by 20 per cent for execution on the occasion of Christmas and New Year.
Online Business

Bharat Forge seeks shareholders' nod to raise $150 mn

Auto component maker Bharat Forge today said it will seek shareholders" approval to raise $150 million (nearly Rs 720 crore) by issue of warrants or bonds. - Shriram Pistons to invest Rs 225 cr to set up plant - RICO targets Rs 1,000 cr turnover this fiscal - Bharat Forge: Only partly better - Bharat Forge up 8.5% on fund-raising plan - Bharat Forge declines on ICRA loan downgrade - Federal-Mogul Goetze June qtr net jumps two-folds at Rs 16 cr The shareholders would meet on October 1, to consider raising funds of $150 million by issue of warrants or bonds, with or without an option to raise an additional amount if the subscription is fully subscribed, Bharat Forge said in a filing to the Bombay Stock Exchange(BSE). The company would issue warrants or bonds to potential buyers, the filing added. Shares of Bharat Forge today closed at Rs 225.80 on the BSE, up 2.98 per cent from the previous close.


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