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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 -...

Subhiksha head honcho is IRF’08 chair

India Retail Forum (IRF), arguably the country’s largest congregation of retail minds, has a new chairman on board. The Forum, for the year 2008, will see R Subramaniam, the managing director of Subhiksha, control its reins.Handing over the charges...

Subhiksha gets stay against FDA orders

Subhiksha has obtained a stay against the orders of the Maharashtra Food and Drug Administration (FDA) from Bombay High Court. A special sitting of the High Court bench passed these orders."The FDA order was supposed to come into effect...

Maharashtra extends Subhiksha licence suspension

After initially suspending Subhiksha’s warehouse licence for 10 days, Maharashtra’s Food and Drug Administration (FDA) has increased the suspension period of the retail chain to 20 days, beginning August 20.The Chennai-based retailer came under the FDA scanner after the...

Hygiene checks on Subhiksha warehouses

Following complaints of continued violation of hygiene regulations, the government of Maharashtra has ordered fresh hygiene checks at the warehouses of discount retail chain Subhiksha in the state capital Mumbai.The issue was raised in the state legislative council by...

Around 1,000 Subhiksha outlets planned for tier II towns

Subhiksha has announced that it plans to open around 1,000 more outlets by the end of this year. The company will primarily focus on tier II cities.Speaking at the FICCI Ladies Organisation symposium on retail, S Shashikanth, president (manpower),...

Blue Green, a route to Subhiksha’s consumer durables entry

The acquisition of 40 per cent stake in Blue Green Constructions and Investments, a non-banking finance company (NBFC) listed on the Madras Stock Exchange (MSE), provides the right platform for Subhiksha to enter the consumer durables space."We want to...

Consumer is the retail king

What a cricket bat is to Sachin Tendulkar, a pen is to Salman Rushdie, and a camera is to Satyajit Ray, consumers are the same to retailers. In the present scenario, consumer loyalty plays a pivotal role in making...

Gujjars’ protest hampers business of retail; supply chain disrupted

Retailers and mall operators are witnessing major business losses due to ongoing protests by Gujjar community.Expected chaos due to protests is not only holding back shoppers from visiting marketplaces, but have also hampered the supplies as connecting roads and...

Industry experts discuss innovations and inspirations at Food Forum India

At the Food Forum India 2008 inaugural session, SS Chahal, director, ministry of food processing industries, government of India, said, “The food processing sector generates significant employment. The multiplier effect of investment in this industry on employment generation is...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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