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Luxury always comes at a price! Who would not like to have a McLaren? But now all those aspirers with a big pocket can afford to think of obtaining this luxury at £150,000.

This supercar model MP4-12C was termed as an "affordable" ranged version, Jenson Button and Lewis Hamilton revealed. The model sought a production facility involving a sum of £40 million, reported McLaren Automotive.

The latest offering from Electronic Arts, the maker of computer games, Skate 3 has finally proclaimed its date of release.

One of the most anticipated games of the year, Skate 3 will be released in North America on May 11 and on May 14 in rest of the world.

The game, as expected, would be redefining the skateboarding experience for the users. It's available in dual mode. The online mode comprises of multiplayer option whereas the offline boasts of single player, self-entertaining experience.

The Cabinet and the Empowered Group of Ministers (EGoM) has cleared the Food Security Bill. The information was given by the agriculture minister Sharad Pawar.

As per the bill, every person living below the poverty line will be eligible to receive 25 kilogram of wheat or rice every month. The grains would be available for as little as Rs. 3. This would not change as per the market rates.

Talking to media, the Agriculture Minister said that the since EGoM had no authority of taking a final decision on the bill, it was ultimately cleared by the cabinet.

Two of India's biggest telecom players, Bharti Airtel and Reliance Communications (RCom) have applied for the broadband wireless access (BWA) spectrum. The two companies have already applied for 3G spectrum.

Till now, three telecom companies have already submitted their applications. They are- Vodafone, Tata Communications and Tikona. While the first two are national players, the third one is the Mumbai-based regional player.

Besides these, the US-based chipset maker, Qualcomm has also applied for the spectrum.

Posco is looking to set up a new project in Jharkhand. The South Korean steel giant Posco is expected to sign a Memorandum of Understanding soon with the Steel Authority of India.

Though, in Orissa it is still facing lot of trouble in setting up its 12 MT steel plant at Paradeep. The Rs 54,000 crore project has been delayed in Orissa. Still the company is eying for fresh investments in a separate location.

On Friday, energy company, AGL Energy Limited (AGK) said that it has signed an agreement with APA Group (APA) to sell its Berwyndale Wallumbilla Pipeline ("BWP") pipeline. The money raised through this sale would be A$82.6 million.

As part of the agreement, AGL has also entered into a 17-year Gas Transportation Agreement with APA group. This too, is in relation with BWP.

AGL has claimed that it will lead to proceeds of $2 million after the deduction of transaction costs. This, however, is exclusive of taxes.