Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
The three govt-owned OMCs - IndianOil, BPCL and HPCL - together meet the country's entire LPG cylinder demand.
The company, which retails maternity and baby products under 'Mom & Me', wants to open 50 stores under the brand name
Could launch high-end models once 4G technology picks up in India.
The Houston-based company is selling up to 50 per cent of its oil-sand reserves in Alberta. There are some producing assets and some exploration assets on offer.
Many private equity funds and retailers, who have long-term vision, will come to India, says Biyani.
A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs.
According to RIL's announcement for the first quarter ended June 30, the KG-D6 field produced 33.1% less gas in the quarter.
In a marginal relief to consumers, IndianOil, the biggest oil marketing company, has cut petrol prices by Rs 0.56 per litre with effect from midnight today.
All current staff of BPCM is expected to transfer to the new owners under equivalent terms and conditions.
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.
IndianOil targets monthly 5,000-tonne polypropylene exports
The private companies want a level playing field so that they can compete with the government companies in fuel retailing.
About two million tonnes (mt) of condensates produced by the oil company were taken into account while apportioning the subsidy burden.
Oil firms yet to get Rs 18,000 crore (Rs 18 billion) of FY12 subsidy compensation, as estimate for this year's underrecovery swells past Budget allocation.
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.
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.
Early this week, Sebi notified AIF regulations for private equity, hedge funds, venture capital funds and real estate funds, among others.
Other fashion formats such as 'Central' mall chain, 'Brand Factory' and 'Fashion at Big Bazaar' remain under Future Group and eye expansion
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