Bharti Wal-Mart, which began its India operations with opening of cash and carry (B2B) wholesale store under the banner of “Best Price Modern Wholesale” in the holy city of Amritsar in Punjab, has also begun partenering with the government (PPP) as well as large multi-national private sector corporates to undertake projects of social importance.
Bharti walmart [...]
Entries Tagged as 'Social Responsibility'
Bharti-Walmart JV undertakes several social initiatives; provides push-carts, adopts schools, trains youth, plants saplings and maintains roads
September 24th, 2009 · No Comments
Tags: Accessories · Apparel · Bharti (Bharti Retail/ Bharti-Wal-Mart) · Cash & Carry / B2B/ Wholesale · Events/ Happenings · FMCG · Food and Grocery · Fresh Foods · Homeware/ Household · JV/ Franchisee · Multi-product Categories · Social Responsibility
Walmart initiates a ‘game chaging’ environmental label programme!
July 20th, 2009 · No Comments
Green is In! In what could turn out as a ‘game changing’ initiative, the world’s largest retailer Walmart has proposed to create “sustainable product index.”
The Index, perhaps a composite number that provides a single measure of environmental information, is expected to tell the consumer as to how a product she is buying affected the planet.
To [...]
Tags: Bharti (Bharti Retail/ Bharti-Wal-Mart) · Brands/ Strategy · MNC/ Foreign Owned · Social Responsibility
FMCG sector poised to grow 4-fold to $95 billion in 10 years, says FICCI-Technopak report; urges govt to implement GST and allow FDI
July 9th, 2009 · No Comments
GST (Goods & Service Tax)– announced to be implemented from 1st April, 2010– and possible opening of retail to foreign investment (FDI), will ensure multi-fold growth for FMCG sector in the next 10 years.
According to a FICCI-Technopak report, the sector is expected to grow 4-fold from Rs1.25 lakh crore ($25 billion) sales in 2008 to [...]
Tags: Economy · FMCG · Lifestyle Segment · Research/ Analysis/ Stats/ Trends · Retail Research · Retail Trends · Social Responsibility · Value Segment
CAIT demands speedy implementation of Joshi report on retail trade; seeks formation of a national commission on retail trade
June 30th, 2009 · No Comments
The Confederation of All India Traders (CAIT), a body of traders in the unorganised sector, is seeking immediate implementation of the recommendations made by the Parliamentary Committee on retail trade.
“The recommendations of the Parliamentary Standing Committee headed by Dr Murli Manohar Joshi laid down in Parliament few days back for imposing blanket [...]
Tags: Cash & Carry / B2B/ Wholesale · HR/ Employment · MBO (Multi Brand Outlet) · Multi-format · Multi-product Categories · Policies/ Government · Social Responsibility
Subhiksha under ROC scanner; enquiry for “alleged mismanagement” of funds may begin within a couple of days
June 11th, 2009 · No Comments
The noose appears to be tightening around the neck of Chennai-based Subhiksha Trading Services!
According to media reports, the Ministry of Corporate Affairs (MCA) is expected to sanction an enquiry within a couple of days to go into the “alleged mismanagement” of funds. The enquiry, in terms of Section 209(A) of the Companies Act, will [...]
Tags: Consolidation/ Restructuring · Convenience Store · FMCG · Food and Grocery · HR/ Employment · Indian Owned · Legal · Mobiles/ Telecom · Social Responsibility · Subhiksha (Subramanian ) · Value Segment
Subhiksha disputes PF payment to employees for Sep-Dec 2008; obtains court’s stay in the matter
June 6th, 2009 · 1 Comment
Subhiksha, the Chennai-based food and grocery retailer, which has suspended operations of all its 1,600-odd stores across the country, since January, this year, on account of cash crunch, has disputed payment of outstanding Provident Fund (PF) to its employees between the period of September and December of 2008. The cash starved [...]
Tags: Convenience Store · FMCG · Food and Grocery · HR/ Employment · Indian Owned · Legal · Mobiles/ Telecom · Social Responsibility · Subhiksha (Subramanian ) · Value Segment
Turtle’s strategic sale of equity stake to Future group may be completed within a month
May 18th, 2009 · No Comments
Turtle Ltd, Kolkata-based fashion apparel maker that specialises in sale of ‘mass premium’ menswear and accessories, under ‘Turtle’ brand, is close to completing the process of strategic stake transfer to Kishore Biyani-led Future group within one month. The apparel company, owned by Landasaria family, has for quite sometime been in talks with Future group for strategic [...]
Tags: Accessories · Apparel · Capital/ PE/ IPO · Expansion/ New Investment · Indian Owned · Kishore Biyani (Future Group) · Lifestyle Segment · Mergers, Acquisitions, Dilutions · Retail Research · Shop-in-Shop (SIS) · Social Responsibility · Value Segment
“I won’t leave in the lurch,” promises Subramanian; hopes to revive beleaguered company with the help of ’sensible’ stakeholders
February 26th, 2009 · 2 Comments
The growing spat between R Subramanian, Founder, Promoter, and Managing Director of Chennai-based beleaguered value retailer Subhiksha, who holds 59 per cent stake in the company, with the private equity partner and second biggest (23 per cent) equity holder I-Venture, is getting murkier every day.
Rubbishing reports of possible take over of control of management [...]
Tags: Capital/ PE/ IPO · Consolidation/ Restructuring · Convenience Store · Downsizing/ Closure · FMCG · Food and Grocery · Indian Owned · Legal · Mobiles/ Telecom · Policies/ Government · Social Responsibility · Subhiksha (Subramanian ) · Value Segment
Subhiksha denies existence of “mail” claimed to be in possesion of CNBC TV 18; refuses to comment on outstanding salaries
January 21st, 2009 · 2 Comments
Subhiksha is back in the news again!
This time the Chennai-based value retailer appears to be in denial mode as it has denied existence of a “new year mail” that is claimed to have been written by its Managing Director R Subramanian to its top management, which sets timeframe, among others, for payment [...]
Tags: Convenience Store · Downsizing/ Closure · Economic Slowdown · FMCG · Food and Grocery · HR/ Employment · Indian Owned · Legal · Social Responsibility · Subhiksha (Subramanian )
3i takes infotech to rural customers; plans 12,500 ‘I-Serv’ stores within a year
December 12th, 2008 · No Comments
3i Infotech, the information technology arm of the country’s largest private sector bank ICICI Limited, has decided to extend the benefits and reach of infotech to rural areas across the country. It has decided to open 12,500 stores in small towns and rural areas under the brand name of ‘I-SERV.’ These stores [...]
Tags: Capital/ PE/ IPO · Consumer Services · Financial Services · Indian Owned · New Ventures/ New Launch/ Expansion/ Investment · Rural Retailing · Social Responsibility
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