Corporate Snippets

Bharti Retail plans to roll out stores in South India soon, as part of its plans to become a national retailer. (BS)

SBI has decided to scale down its branch expansion plan and is now expected to open around 500 branches during the current financial year, as against nearly 1,000 proposed earlier. (BS)

Jindal Steel & Power is buying Oman-based Shadeed Iron & Steel for US$464mn (Rs20.9bn) to expand its reach to West Asia. (BS)

After a delay of nearly a year, auto major Mahindra & Mahindra is now all set to begin its US expedition in its new compact diesel pick-up truck by end of December 2010. (BL)

Reliance Infrastructure has won its tenth road project worth Rs9.25bn, from the National Highways Authority of India. (BL)