Business

Jharkhand Secures ₹26,000 Crore in Investment Proposals at the Bengal Global Business Summit

Published

1 year ago

February 6, 2025

Jharkhand is quickly establishing itself as a prominent hub for investment, having received proposals exceeding Rs 26,000 crore at the Bengal Global Business Summit 2025 in Kolkata. These investments, obtained through the state’s “Advantage Jharkhand” initiative, are anticipated to create over 15,000 jobs across multiple sectors.

Chief Minister Hemant Soren engaged with investors during the summit, reaffirming the state government’s dedication to fostering a conducive business environment. He highlighted Jharkhand’s abundant resources and significant potential for investment. Soren expressed the government’s commitment to resolving hurdles investors might encounter, such as land acquisition and regulatory challenges, to facilitate the smooth execution of projects.

Several prominent companies have proposed considerable investments in industries such as steel, power, metallurgy, textiles, and leather manufacturing. SM Steel & Power Limited has suggested an investment of Rs 8,485 crore in the iron and steel sector, which is expected to create over 4,400 jobs. Voltex Rail Private Limited has put forth a Rs 4,000 crore proposal for a specialized steel plant, anticipated to generate approximately 2,000 jobs. Moreover, Rashmi Metaliks Limited announced a Rs 3,800 crore plan for an integrated steel plant, aimed at employing over 3,000 individuals. Additionally, SKY Corp proposed an investment of Rs 400 crore in the leather sector, with plans to create 1,000 jobs.

Investors voiced their concerns regarding procedural obstacles, to which the Chief Minister responded by assuring them that the government is proactively working to eliminate these issues and cultivate a business-friendly atmosphere.

During the summit, the Chief Minister also launched the Jharkhand Pavilion at Biswa Bangla Mela Prangan, highlighting the state’s industrial capabilities. The event saw attendance from key government officials, including MLA Kalpana Soren, Chief Secretary Avinash Kumar, and other senior bureaucrats. The increasing interest from investors indicates Jharkhand’s evolution into a significant industrial center, promising substantial economic growth and employment opportunities in the years ahead.

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

2 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.