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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.

Letters: Sachin's best century
Sachin Tendulkar scored his best century on the day he completed 20 years in international cricket. By telling the Maharashtra Navnirman Sena (MNS) that he was an Indian first and a Maharashtrian later, Tendulkar has made several points. He has, of course, snubbed the MNS, but he has also told top professionals that they need to stand up and be counted. Just recently, Karan Johar apologised for calling Mumbai “Bombay” in a movie — while Johar and others fear the MNS will burn cinema halls showing their movies, Sachin has no such fear since the MNS can never hope to succeed in preventing fans from watching Sachin play. Interestingly, during the Mumbai riots, it was the original Little Master Sunil Gavaskar who used his stature in a similar manner to prevent mobs from killing Muslims.

News of the day

JPMorgan profit rises 7-fold on surge in fixed income
JPMorgan Chase & Co, the second- largest US bank by assets, said profit in the third quarter soared almost sevenfold, beating analysts" estimates, as fixed- income revenue surged.
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Raja-telcos meet tomorrow; CBI probe, 3G may figure

Issues ranging from the CBI probe to 3G auction may figure in a series of meetings Telecom Minister A Raja will hold with the chief executives of companies begining tomorrow. - Speed up 3G - Govt allows foreign firms to bid for 3G auction - Govt may hold 3G auction in Jan - Andhra orders CBI probe into YSR chopper crash - Sunil Jain: Killing 3G">Sunil Jain: Killing 3G - Steel Min seeks CBI probe into Rs 600-cr gold deal The meetings spread over three days will have separate discussions with Unified licensees, NLD and ILD players as well as ISPs. It has no fixed agenda, but will discuss all issues of the industry and the auction of the 3G spectrum, said sources. A telcom operator said since there is a CBI investigation over alleged irregularties in the license and spectrum allotment going on, the minister may try to win over the industry by asking them not to be perturbed over the development and focus on operations and customers. An official said the department would try to send out a message to the telcos that it would be work as usual and companies would participate in the 3G spectrum auction. The industry on its part is likely to seek some clarity on policy directions in the wake of the CBI investigation, said another player.


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