PRESS DIGEST - Indian Business News - July 6
MUMBAI, July 6 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
ECONOMIC TIMES (www.economictimes.com)
* Apparel maker Raymond (RYMD.BO: Quote, Profile, Research) has offered voluntary retirement scheme to over 300 employees at its Thane unit to rationalise cost. The VRS is being offered across the board, including managerial staff.
* Mumbai-based real estate firm Lodha Group is in talks with three private equity players to raise $180 million for its three projects.
* Realtor DLF Ltd (DLF.BO: Quote, Profile, Research) has raised 10 billion rupees through sale of land parcels across four cities in the past 4-5 weeks and is on course to close more such deals worth another 5 billion rupees in the coming weeks.
* Major investors in the low-cost airline SpiceJet (SPJT.BO: Quote, Profile, Research) have asked the company to look for acquisition opportunities in the local market. The airline is yet to appoint a financial advisor for due diligence.
FINANCIAL CHRONICLE (www.mydigitalfc.com)
* Outsourcing firm Genpact Ltd (G.N: Quote, Profile, Research) is eyeing a part of the $1.6 billion Indian outsourcing market and has set up a separate unit to foray into the country.
HINDUSTAN TIMES (www.hindustantimes.com) Continued...
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