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Milking it
While housewives across the country are complaining about high inflation levels, Mother Dairy has come up with a great advertising idea. It has put out advertisements saying it has not hiked prices of its toned milk and full cream milk. The move comes at a time when some of its competitors (like Amul) have raised prices. Mother Dairy says the advertisement has been issued in the public interest.

Bengal takes up Rs 1,600-cr package for Naxalite zone
In an attempt to uproot Naxalites from their support base among the tribals, the West Bengal government will soon embark on a development project costing Rs 1,600 crore for the western part of the state.

News of the day

Markets open strong on positive global cues
The bourses have opened firm, tracking gains in the US and Asia. The Sensex is quoting at 17,314, higher by 125 points, and the Nifty is at 5,170, up 35 points.
Home Business

ArcelorMittal to set up Rs 30,000 cr K'taka plant

The world"s largest steel company ArcelorMittal today said it has approached the Karnataka government for setting up a steel plant in the state. Sensex pares gains; Hindalco up 4% "We would disclose more details on cost, capacity, timeline etc once the technical studies are completed in about three-four months," a company spokesperson told PTI. Sources, however, said that the NRI billionaire LN Mittal-led company is planning to set up 6-million tonne per annum steel plant in Karnataka attracting an estimated investment of Rs 30,000 crore. The proposal is in addition to the already planned Rs 1 lakh-crore projects in Jharkhand and Orissa, the spokesperson added. The company has been facing problems in acquiring land besides "regulatory hurdles" for its 12-MTPA steel plants, one each in Jharkhand and Orissa.


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