Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
The company, which retails maternity and baby products under 'Mom & Me', wants to open 50 stores under the brand name
Price-led growth during the quarter is likely to stand at three to five per cent
Could launch high-end models once 4G technology picks up in India.
Many private equity funds and retailers, who have long-term vision, will come to India, says Biyani.
Piqued by the number of states opting to ban the production, sale and marketing of gutkha, a group of manufacturers under the aegis of the Smokeless Tobacco Association have issued print ads saying it is unfair to ban their products when the tobacco content in these is lower than that in cigarettes.
The new packaging norms, which will kick in on November 1, will push up the product prices.
But the company will have to differentiate itself in a market that has well-entrenched players.
At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government in a few weeks.
Its model has come under intense scrutiny in recent months, but the direct marketing major attributes its success in India to strict quality control and aggressive brand-building.
The franchisees from the National Capital Region were protesting against the new terms proposed by the German sports goods major for operating stores in India.
For the quarter ended June, most FMCG companies reported growth of 15-20 per cent in revenue, as demand for daily-use items continued to be high.
To reduce its mounting debt, DLF, the country's biggest real estate company, is set to sign a deal with Mumbai-based Lodha Developers for selling one of its showcase non-core assets the 17-acre National Textile Corporation (NTC) land in Mumbai.
Planet Retail is owned by non-resident Indian V P Sharma and Samsonite's Ramesh Tainwala.
After Oreo and Tang,Toblerone will be the third brand from the Kraft portfolio to be integrated with the Indian entity
Salaries are performance-linked and FY12 was good on both counts; now, persistent inflation and patchy rains show on rural market.
Real estate companies' borrowing costs have moved up by a third in the last one and a half years, from 11.5-12 per cent to 16 per cent now.
Reckitt Benckiser's Dettol brand appears to be the target of arch-rival Hindustan Unilever (HUL)'s Lifebuoy for the second time in a row, with a new commercial saying the latter is far more effective than the former.
Consumer goods companies remain hopeful of good rainfall this year despite the prediction of a possible drought-causing El Nino weather phenomenon in August-September.
In a new twist to the battle between German footwear major Adidas and its key former employees, a trial court in Gurgaon denied anticipatory bail to Subhinder Singh Prem, former managing director, and Vishnu Bhagat, former chief operating officer, of the company in India.
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