IndiaRetailBiz

Reliance Dairy Foods, a subsidiary company of Mukesh Ambani-led Reliance Industries Ltd (RIL), which manufactures and markets milk and other dairy under ‘Dairy Pure’ brand, has begun expanding footprint of its dairy products by roping in retailers outside the group. Apart from state cooperatives which operate within their respective states/ regions, Amul, Nestle, Mother Dairy [...]

Subhiksha, the financially stressed discount retailer, whose 1,600-odd convenience stores have been forced suspended their business operations for want of cash, since January, 2009, opened four of its stores in Chennai during Diwali to sell crackers.
Subhiksha’s used its time tested brand mantra of “low cost” to lure customers to its shops. Many customers, who lined [...]

Subhiksha Trading Services Ltd.– an R Subramanian promoted, Chennai-based, grocery retailer, which for want of cash was forced to close pan-India operations of  its 1,600-odd stores discount retail chain this January, is trying its luck again to revive its operations by seeking a compromise with its creditors.
“Cash & Carry Trading (P) Ltd” –another company [...]

Safal, a retail chain of fresh, processed, and frozen foods products, operating over 400 stores across different localies of NCR (in and around Delhi) has hit upon a successful business opportunity of setting up open-air stalls that cater to daily requirents of fruits and vegetables local communies.
The temporary neighbourhood extension counters (stalls), which began opening [...]

Sabka Bazaar, a Delhi-based food and grocery retail chain that operates around 100 stores in and around Delhi, is reported to be facing difficulties in getting supplies of merchandise from vendors. The supplies appear to have evaporated as the customer find ‘empty’ or near ‘empty’ shelves when they visit stores of the supermarket format chain [...]

The Madras High Court, on Friday the 28th, dismissed a scheme of arrangement filed for revival of Chennai-based food & grocery discount retail chain Subhiksha. The scheme was filed by N Srinivasan of Cash and Carry Wholesale Traders Private Limited. Srinivasan is a director of the subsidiary company of Subhiksha Trading Services.
In another blow of [...]

The last-ditch attempt of cash starved Chennai-based discount food, grocery, and telecom retailer Subhiksha to revive operations of its value retail chain appears to be becoming more and more difficult with every passing day. According to reports, counsel of its main lender ICICI Bank has told the Madras High Court, where many legal cases against [...]

Despite deducting Income Tax at Source (TDS) from employees’ salaries for six months last year, Chennai-based value retailer Subhiksha Trading services, according to an ET report, has failed to deposit the same with the concerned authorities of the central government.
The position in this regard became clear when employees of the company despite followup could not [...]

Chennai-based value retailer Subhiksha Trading Services, which has suspended operations of 1,600-odd stores of its retail chain operated under the brand name of ‘Subhiksha’ owes nearly Rs 1,000 crore. This information, according to a BS report, was submitted in latest filings by the company’s lead lender ICICI Bank in the Madras High Court.
The ICICI Bank, [...]

Cash and Carry Wholesale, a shareholder of Subhiksha, has  filed a court petition under Section 391 of the Companies Act, that seeks to arrive at a compromise between Chennai-based cash starved retailer company and its creditors.
“We have been informed and notified that Cash and Carry Wholesale Traders Pvt Ltd, the promoter of Blue Green [...]