Videocon is in negotiation with Japanese majors Mitsui and Hitachi to set up a logistics company in a joint venture for supporting its retail operations

Spice Energy, is planning to raise USD 300 to 400 million from global depository receipts (GDR) issue by the second week of August The proposed GDRs will be listed on the Luxembourg Stock Exchange and the issue proceeds will be used for setting up its 1,000 megawatt (mw) thermal power plant in Tamil Nadu.


Anil Dhirubhai Ambani Group (ADAG) is looking for acquisition for starting its cement business, much before it completes its 4,000-Mw mega power project at Sasan in eastern Madhya Pradesh, which is to provide the fly ash that is used to make cement, The company has initiated negotiations with various small and medium companies through a merchant banker for the acquisition. ADAG has also appointed Anil Singhvi as a vice-chairman for Reliance Natural Resources which will set up the cement business. Earlier Singhvi served Ambuja Cements as a managing director.


JSW Steel will explore the possibility of importing iron ore from its mine in Chile and sell it in the local market,


Sical Logistics is planning to foray into air freight business through acquisitions,

RPG Group will invest close to Rs 1.6 billion in its specialty retail business, especially in Music World and bookstore chain Books and Beyond, in the next two years

the joint venture (JV) between Punj Lloyd and Swissport International, is believed to be in talks with National Aviation Company of India (NACIL) for undertaking its ground handling work