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On Saturday, Union railway minister Mamta Banerjee announced that SAIL has been invited by the railways to build a new factory. She announced the new proposal at a function, which was organized to inaugurate a joint venture between SAIL and Railways in Kulti.

This joint venture is for a wagon making unit. The new proposal is to build a new factory, which will build freight bogies.

New Delhi, Oct 31 - For most leading ladies in tinsel town, their career takes a downfall after they touch 30. But certainly not in the case of Aishwarya Rai, who continues to flourish in Bollywood as she turns 37 Monday and has two mega projects - "Action Replayy" and "Guzaarish" - lined up for release.

The former beauty queen has come a long way from being crowned Miss World in 1994, to working in Tamil films, moving to Bollywood and finally topping it up with international fame through movie projects as well as attending prestigious foreign film festivals.

Chennai, Oct 31 - Engineering and construction group Larsen and Toubro (L&T) is planning to launch a Rs. 500-2,000-crore private equity fund as part of a strategy to become a financial supermarket.

"We are in the process of putting the pieces. We have to synergise on the skills that the group currently possess. We will start with a fund size ranging between Rs. 500 crore and Rs. 2,000 crore. The corpus will be domestically raised," Senior Vice President (Financial Services) N. Sivaraman told IANS in an interview.

Mumbai, Oct 31 - Actress Kangana Ranaut walked the ramp in a pink Victorian dress at the Aamby Valley India Bridal Week but the showstopper said she was against people spending excess money on opulent weddings.

"A wedding is about two people tying the knot... Not about others. I'm strictly against criminal wastage of money on weddings. We should avoid unnecessary people on the wedding. Instead we should give the money saved from that to charity and do good to someone else," Kangana told IANS.

New Delhi, Oct 31 - The Indian life insurance industry is at the threshold of having a stable profitable growth, says a study.

"The insurance companies are poised for a quantum leap in performance with unprecedented growth opportunities, notwithstanding a temporary sliding growth curve," says a study by the Confederation of Indian Industry (CII) and Ernst and Young (E and Y).