Reliance Communications plans to buy 2mn CDMA handsets for Rs3.4bn from Chinese telecom vendor Huawei Technologies. (BS)
SAIL denies any dialogue with South Korea’s Posco for a possible joint venture at Kulti in West Bengal. (ET)
JSW Steel is evaluating proposals to acquire coal mines overseas. (BS)
SCI plans to acquire in phases Capesize vessels and VLCCs four each. (BL)
NMDC is likely to file a revised draft papers for follow-on public offer. (mint)
Arvind plans to scale up organic denim biz. (ET)
Shriram Transport Finance is looking aggressively for more acquisitions. (BS)
Cabinet is likely to approve SAIL’s share sale plan on February 18. (DNA)
GSS America plans to raise up to US$75mn through QIP, FCCB, and GDR & ADR to fuel its inorganic growth plans. (BS)
Dewan Housing plans to launch a new subsidiary, NewCo for an investment of Rs1bn and also plans to divest 20% to PE investor. (BS)
West Bengal allots 505 acres for Rs70bn Adhunik Corp proposed steel & power Facility. (ET)
