IndiaRetailBiz

Wal-Mart Store Inc, the world’s largest retailer, which has set up an equal joint venture for cash-and-carry retail business in India with the country’s largest mobile service provider Bharti Enterprises, according to Raj Jain, its India CEO, will roll out the first cash-and-carry centre in 2009. Raj Jain was speaking on the sidelines of a business conference […]

“I started making chocolates a year back and now have started this store which is only two months old. I have been getting a terrific response and wish to go international with my culinary skills. My ultimate aim is to start a place that has a concept of 80 desserts around the […]

R.Subramanian, Founder, Promoter, and Managing Director of India’s largest (in terms of number of stores), no-frills, small format, discount retail chains that among others are selling food, grocery, pharmaceuticals and mobile phones, is a harried person, who is presently in the eye of many storms.
While, Subramanian is single-handedly and simultaneously fighting a number […]

R Subramanian, Promoter, Founder, and Managing Director of Subhiksha Trading Services, which operates India’s largest no-frills, small format, deep discount, food, grocery, pharma and telecom retail chains under the umbrella brand of Subhiksha, is an angry and harassed man these days. He has been forced to simultaneously fight on several fronts.
He, for […]

“There is a pattern in which people who are envious of our success are trying to sabotage our expansion plans. It had happened in 2006 when we had planned national expansion and it is happening in 2008 also ever since we made some large announcements. Premji buying a stake in us obviously did not go […]

Only a couple of days ago, we carried a report describing acquisition of 10% equity stack in Subhuksha’s equity by Wipro’s Azim Premzi as a coup of sorts, and despite Subhiksha’s CEO R subramanian calling that as nothing more than a portfolio investment, retail sector is buzzing with speculation of imminent sale of the company […]

In an investment coup of sorts, Azim Premji, the majority owner of one of the country’s largest IT sevices company WIPRO, through his investment arm has picked up 10% equity stake in Subhiksha, the country’s largest no-frills, small format, food and grocery chain
Subiksha.Subhiksha is currently operating around 1,500 stores and has plans in place to […]

“Following the FDA order against suspending Subhiksha’s warehouse license for 20 days, Subhiksha went ahead and appealed in the Bombay Hi gh Court against the order and has managed to get a stay order from the Bombay High Court.” — R Subramanian, Founder and Managing Director, Subhiksha.
Subhiksha, the Chennai-based, country’s largest […]

 ”The verdict is absolutely absurd and wrong. They have no basis to pass such an order because to an appeal on an existing verdict, they can only retain the original verdict or modify it in appellant’s favour. We will move the high court against this suspension.”– R Subramaniam, Managing Director, Subhiksha Trading.

Earlier claims of Subhiksha […]

“It is quite sad that agencies saddled with the task of consumer protection can be used as tools by competition and vested interests to settle scores.” — Mohit Khattar, President (Marketing), Subhiksha Trading.
Subhiksha, the Chennai-based food and grocery discount retail chain, which is currently under the scanner of state FDA of Maharashta for alleged […]