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TATA Steel has achieved its target of 708

Corporate Highlights
Banking on the growth of business in Gujarat, Bank of India has targeted to almost treble its business in the state to Rs 90,000 crore by 2015. The bank has entered into an agreement with the state government to lend Rs 12,000 crore to various customers groups in the state. It will also open 22 new branches in the state by the end of current fiscal.

Hair oil major Marico will increase the prices of its products by up to 9% in a bid to offset high input costs. The company is also planning to invest about Rs 60 crore during 2011-12 financial year in its capital assets. The rates of copra, the raw material for coconut oil, were higher by 62% during October-December tenure compared to the year-ago three months period and the company has increased the prices of its Parachute and Nihar brands several times in this fiscal.

Sterlite Technologies’ wholly owned subsidiary has been selected to develop India's first privately owned 765kV transmission system on "Build, Own, Operate" basis. The project transmission lines would be commissioned within 36 months. The company would operate and maintain the transmission system for a minimum tenure of 35 years. The project is estimated at about Rs 1300 crores.

The Power Ministry said that eight industrial sectors, including power and fertilizers, would invest Rs 30,000 crore to save 10 million tonnes of oil equivalent in the next three years. The Power Ministry has notified 8 industrial sectors--thermal power plants, fertilisers, cement, pulp and paper, textiles, chlor-alkali, iron and steel and aluminium will invest Rs 30,000 crore towards energy efficiency in the next three years.

After launching its 3G services in Karnataka, the country's largest telecom operator Airtel unveiled its services, which will offer high speed data download, video calls and live TV in Chennai and Coimbatore. Bharti Airtel is the third private operator after Tata Teleservices and Reliance Communications to launch 3G services in the country. State-run BSNL and MTNL are also offering 3G services.

Economy Highlights
Snapping the downward trend of two consecutive weeks, food inflation inched up marginally to 15.57% for the period ended January 15, on account of escalating vegetable prices, particularly, onions. Food inflation for the week ended January 8 was recorded at 15.52%. The uptick in latest food inflation figure is likely to put further pressure on the government grappling with expensive food commodities and a slowing industrial growth that dipped to the 18-month low of 2.7% for November.