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R Subramanian

IRF to Celebrate Powerful New Dynamics of Indian Modern Retail

New research shows the segment will grow at a CAGR of 29.7 % from 2012 to 2015With the eagerly awaited FDI in multi-brand retail finally becoming a reality, the Indian consumers and progressive retailers have a lot to look...

Subhiksha’s revival suggestion opposed by ICICI, other lenders

ICICI Bank, lead banker of cash-strapped Subhiksha Trading Services, today told the high court it was opposed, with other creditors and lenders, to the scheme proposed by Subiksha’s subsidiary, Cash and Carry, to restart the retail chain’s operations.That involved...

Subhiksha expects to wrap up debt recast by April

Cash-strapped retail chain Subhiksha today said its corporate debt restructuring (CDR) would have to end by July this year “at any rate”, although it expected the process to be completed before April-end.“CDR is a time-bound process of a maximum...

Subhiksha stores vandalised

Hundreds of Subhiksha stores were looted or vandalised after the Chennai-based India's leading discount retailer Subhiksha Trading Services failed to pay security agents and staff because of liquidity problems, the Financial Times reported.About 600 of Subhiksha’s food stores and...

Retailers need to take risks: CEO, Brand House Retail at IFF ‘09

“Courage is a mindset and great brands believe in momentum and the power to innovate,” said Subhinder Singh, MD, Reebok India.“It is all about belief. Reebok has constantly invested in new talent and explored the relationship with cricketers. We...

Impressive line-up of speakers at IRF’08

The Indian sub-continent’s largest retail congregation – India Retail Forum (IRF) 2008 will kick start on September 16 this year at The Renaissance, Mumbai; in association with Confederation of Indian Industry (CII), Retailers Association of India (RAI) and Shopping...

World’s best brains on retail to gather at IRF

The count down begins. It is just three days to go to see the world’s top-notch retailers and professionals brainstorming at The Renaissance, Mumbai during the India Retail Forum (IRF); organised to explore new avenues of retail.In their pre-conclave...

HP to upgrade Subhiksha’s IT infrastructure

HP Financial Services, the asset management services and leasing subsidiary of US-based IT conglomerate HP, has announced that it will partner India’s largest supermarket chain Subhiksha to develop software to support the latter’s financing and asset management services.Elaborating this...

Subhiksha plans 150 consumer durable stores by mid-09

Refuting the media reports regarding the dilution of its stake and that of its vendors stopping the supply of vegetables and FMCG products to them, R Subramanian, managing director, Subhiksha Trading services, said that Subhiksha Retail is all set...

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 -...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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