Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Mounting debt, slowing sales, and rising inventory were at the heart of HDIL's woes.
Industry estimates R-Day sales are eight times the usual for big retailers.
The retailer is looking at a break-even this year.
With just a few organised players such as KB Exports, Freshtrop and Maha Anar in the segment and the vast export potential in western Europe and central Asia and the increasing demand in domestic markets, InI Farms is already a focus area for investors such as Ronnie Screwvala's Unilazer Ventures and venture capital fund Aavishkaar.
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
Sets up new financial services arm, Amit Goenka joins as CEO.
Shopping websites say it is about first-mover advantage.
The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
In a break from the recent trend, retailers, led by Kishore Biyani's Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group's Arvind Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season.
Maharashtra SEZ act yet to be notified.
Sudden spurt could be seen as a sign of maturity or slowing in the sector.
Other than discounts, most of the sites are offering additional products to lure buyers.
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
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.
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.
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