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UP to explore IT/ITeS SEZ in Lucknow
The Uttar Pradesh government is keen on having an Information Technology/IT Enabled Services (IT/ITeS) Special Economic Zone (SEZ) in Lucknow to give a major boost to the sector.

GDP to grow above 6.3% as drought impact less severe: Govt
The Planning Commission today said the economy may grow at a rate higher than 6.3 per cent projected earlier as it sees drought having lesser impact on agriculture.

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Audi sales jump 8% in October
Luxury car maker Audi India today reported 8.41 per cent increase in its sales in October at 116 units over the same period last year.
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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. - 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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