Sebi meet today

Mumbai/New Delhi, Oct. 24: Market regulator Sebi will meet tomorrow to firm up proposals to check unregulated entities investing in Indian capital markets, even as 20 such agents offered to invest money through the front door. “I cannot guess what will happen tomorrow. The board will meet and take a final decision,” Sebi chairman M. Damodaran said.

Tata move

New Delhi, Oct. 24: Tata Steel is looking at investment opportunities in Brazil. “Tata Steel will send a delegation to the northern Brazilian state of Maranhao to evaluate investment opportunities there,” Steel Business Briefing reported quoting Maranhao industry and commerce secretary Julio Cesar Teixeira Noronha.

ONGC plan

Mumbai, Oct. 24: ONGC chairman R.S. Sharma today said the company is looking for acquisition of oil fields overseas, particularly assets in Africa and Latin America.

Essar Steel

New Delhi, Oct. 24: Essar Steel has closed a deal to purchase the US-based Minnesota Steel for an undisclosed amount and will now plan for construction of the $1.6-billion project, which is likely to go on stream by early next year.

Coal blocks

New Delhi, Oct. 24: The government is understood to have okayed the allocation of 15 captive coal blocks for power projects, including the proposed captive plants of Mittal steel in Orissa and Jharkhand.