Steel Authority of India Limited and Nagpur based Manganese Ore India Limited has formed a joint venture to complete ferro alloy plant at Bhiali. The JV is aimed to set up a 0.1 million tonne plant with an investment of 400 crores. The plant is expected to operationalize by 2009 end or early 2010. The ministry of steel has approved the formation of joint venture by SAIL and MOIL.

Goa

The leading Mobile Company, Nokia is all set to give its competitors a tough fight. The company has taken a clever move by slashing its handset prices by 10%.

The rivals which include the names of Sony Ericson, Motorola, Samsung and LG are left with only two choices. Either they can follow Nokia and slash off the costs of their hand sets too, or they keep marketing their cell phones at the same prices.