The world’s largest steel producer Arcelor Mittal has expressed interest to set up plants in India. The company, in a statement said that it will make investment in India. It also revealed that cost overturn and Singur like issues will not deter it from investing in India.

ArcelorMittal’s chairman & CEO, Laxmi Mittal said Singur like cases may happen in any part of the world. People can oppose a particular project but the investment issue is linked to the overall growth of the country.

Vedanta Resources announced to introduce major changes in its corporate structure on Tuesday. It has created three verticals to simplify the business process and eliminate cross holdings among group businesses. The three newly formed verticals are copper and zinc-lead, aluminum and energy, and iron ore.

This scheme is approved by the boards of Vedanta and group companies. It would be effective from April 1, 2009 as per the guidelines of Sterlite and Madras Aluminum Company (Malco). Vedanta will transfer its 79.4 percent equity interest in Konkola Copper Mines (KCM) in Zambia to Sterlite while the aluminum and energy businesses of sterlite would be demerged to Madras Aluminum Company (Malco).

Following rejection of changes in land-pattern, the prospect of ending the Singur issue appears to be heading nowhere. Trinamool Congress is adamant in its demand of returning 300 acres of land in the factory site to farmers, though commerce and industry minister of the state, Nirupam Sen made it clear that no land from the company's main plant or from areas for its ancillary units would be given back.

We all know that the iPhones came to India with a great bang, but were not that well accepted by the users due to its high costs. The 8GB model was introduced at Rs. 31,000 and the 16GB model was available at Rs. 36,100.

So in such a verge when the demand of these iPhones launched by Airtel Bharti and Vodafone is going down, both the companies have adopted the plan to sell the iPhones through easy monthly installments (EMI) scheme.

This scheme will be however be available to only to Visa Credit Card holders, as Bharti Airtel has entered in an agreement with Visa credit card and four banks, which include ICICI, HDFC, CitiBank and SBI.

Stone India is planning to acquire stake in the European company, which make components for the European railways.

The Ashok Leyland and Nissan project will be operational soon. The project started the first step after signing the MoU with the TN government. A land of 380 acres would be acquired to set up the facility.

It will be set up at Pillaipakkam which is located 40 KM away from Chennai. The MoU was signed between the state's industries secretary MF Farooqui, R Seshasayee and Andy Palmer.

The chief minister of Tamil Nadu was also present on the occasion. The state government said that the set up of this project would increase the chances of employment in the state. The project is expected to give employment to around 4500 people directly and indirectly.