PRESS DIGEST-Indian Business News - Nov 25

MUMBAI, Nov 25 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* The owners of Kimaya Studio, a Mumbai-based fashion house, are in talks with private equity firms Carlyle Group and Blackstone (BX.N: Quote, Profile, Research) to sell more than 15 percent stake in the designer retail chain.

* India's second-largest real estate company, Unitech (UNTE.BO: Quote, Profile, Research), has sought approval from the Department of Industrial Policy and Planning and the Reserve Bank of India to raise $700 million through foreign currency convertible bonds.

* JSW Steel (JSTL.BO: Quote, Profile, Research), which last week tied up with Japanese steel giant JFE (5411.T: Quote, Profile, Research) for technology, may sell up to 40 percent in its upcoming 10-million tonne steel unit in West Bengal to JFE.

* The federal government has decided to double the limit of authorised capital in public sector banks to 30 billion rupees to help some banks such as Oriental Bank (ORBC.BO: Quote, Profile, Research), Syndicate Bank (SBNK.BO: Quote, Profile, Research) and UCO Bank (UCBK.BO: Quote, Profile, Research) raise funds.

BUSINESS STANDARD (www.business-standard.com)

* The Ministry of Commerce & Industry has put the onus of monitoring any violation by companies that have been allowed foreign direct investment in the retail sector on state governments.

* Infosys Technologies (INFY.BO: Quote, Profile, Research), India's second largest IT services firm, is looking to acquire companies in consulting and healthcare spaces for $400 million to $500 million.