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PRESS DIGEST - Indian Business News - July 6

Mon Jul 6, 2009 8:29am IST
 
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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...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

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