Azim Premji
Retail
India’s first multi brand auto sales & service venture
Former MD of Maruti Suzuki, Jagdish Khattar announced his next venture —Carnation Auto. With a vision of developing India's largest independent multi-brand automobile sales and service network, he also announced the company's first round of funding of over Rs...
Retail
Subhiksha refutes news of decision to sell stake
“The reports of us looking for an exit route are absolutely baseless,” exclaimed Mohit Katar, president, marketing, Subhiksha Trading Services Limited. This comment was in response to confirming news about food and grocery retailer Subhiksha looking for an exit...
Retail
Subhiksha sells 10 pc stakes at Rs 230 cr
Wipro Technologies’ chairman Azim Premji has invested around Rs 230 crore through his private investment firm ‘Zest Investment Pvt Ltd’ to acquire a 10 per cent stake in one of India’s largest supermarket, medicine and telecom retail chain -...
Retail
Premji picks up stake in Koutons
Billionaire Azim Premji, chairman and majority owner of the $5-billion Wipro, has picked up a two per cent stake in Koutons Retail, for about Rs 20 crore.Ajay Mahajan, chief financial officer, Koutons Retail, confirmed the purchase by Premji, saying,...
Retail
Abolition proposed on service tax on outsourced manpower
The service of outsourced manpower, which the retail sector in the country employs, is likely to be relieved from the service tax barrier.The high level group on service sector, constituted by the Prime Minister, has recommended that assessment of...
Retail
Premji picks up stake in Marico
Wipro Group’s chairman Azim Premji has picked up a small stake in one of the country’s top FMCG companies Marico Industries.“This is Premji’s personal investment and he has picked up 1.24 per cent stake (75.72 lakh shares) in the...
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Ashni Biyani-founded Smartsters opens new shop-in-shop
The kids' furniture brand is present in over 20 locations across the country through shop-in-shops at large format stores...
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