They have been arrested for their alleged involvement in Rs 870-crore fraud.
The Institute of Chartered Accountants of India had issued show-cause notice to Bhagat, who sought time till March 31 to give his response.
Executives caused loss of Rs 11 cr, according to police SIT.
The I-T department is now checking the account books and financial documents of select Reebok dealers in India, to whom it is issuing notices.
The stock of Aditya Birla Fashion Retail is down 10 per cent from its February high. Even as the revenue performance of the apparel retail major in the October-December quarter's for the 2022-23 financial year (Q3FY23) was better than expected, the company saw brokerage downgrades, given the weak operating performance and the pressure on margins. This the second consecutive quarter of margin miss despite strong traction on the sales front.
They represent a new tribe whose grace and skill-sets lie well beyond my comprehension, notes Sreehari Nair.
The liking for a running shoe is mostly driven by how it 'feels' and the Floatride Run Flexweave feels close to perfect, says Dhruv Munjal.
Adidas' profit after tax has grown to Rs 140 crore in 2017-18.
Reebok ambassador Malaika Arora tells you how to begin your day with the right asanas.
Led by Trent, which hit its lifetime-high recently, apparel retailers have gained between 10 per cent and 36 per cent over the past three weeks. Given the network of physical stores, these stocks shall be major beneficiaries of the unlock theme, with most states doing away with Covid restrictions. Amid improving footfall, analysts expect the sector to post double-digit growth in FY23.
The engineer on how he built his body and conditioned his mind to represent India at the CrossFit Games 2020.
To put its Reebok business in order, the German footwear major hand-picked the soft-spoken Erick Haskell, who has vast experience of working in China.
The actor slid her fabulous bod in a bikini for the cover of Cosmopolitan India.
Shah Rukh Khan, the owner of Kolkata Knight Riders, is more popular in Kolkata than the KKR captain Sourav Ganguly, revealed the Reebok showrooms in Kolkata as well as the shops selling spurious KKR merchandise in the New Market area in central Kolkata.
Erick Haskell takes over from Claus Heckerott.
Reebok's staff to get voluntary retirement option, stores may be reduced by a third.
Former company MD likely to file a legal notice against his former employers
Veenu Sandhu visits the new Adidas office in Gurugram, which is cultivating a refreshing new sports culture among its employees.
Namrata Thakker gives you some inspiration from our fashionably forward Bollywood stars!
Brands like Puma, Wildcraft and Woodlands are rewriting the marketing playbook to cater to women consumers.
Take the Rediff Business Quiz and see how much you know about some of the famous advertisement slogans.
As Reebok launched its Fall/Winter 2018 collection, the actor did squats and push ups on stage.
The right pair of shoes can get you going with your fitness regime in no time, says Abhik Sen.
When mKhoj, a mobile advertising platform, launched a mobile campaign for Reebok, little could it dream of 40 million targeted impressions, in just over six weeks, of the ad. But it did precisely that.
It involves ballet lessons and horse riding!
The Ultimate Sports Shoes Buying Guide. Today in the market you will find thousands of sports shoes on the market but how do you know which one is right for you? Here we have narrow down your options to find the pair that is your "solemate."
Being sexy has nothing to do with age and Malaika is the proof!
Foreign companies no longer need Indian firms to help them run operations in the country.
Despite a more liberalised business milieu, modern-day entrepreneurs remain prone to unethical behaviour and poor governance.
Initially, it is targeting locations such as upmarket malls in major cities, such as Delhi and the surrounding region, Mumbai and Bengaluru.
SFIO, the investigation arm of the Corporate Affairs Ministry, has been ordered to probe alleged fraud in 83 companies in the last four years, Parliament was informed on Thursday.
Here's a list of allegations of corporate governance failure by MNCs in India.
Embarking on a fresh start after last year's alleged Rs 870 crore fraud in its Indian arm, sportswear major Reebok is undertaking a new retail concept and marketing campaign to chart out a new growth story.
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
M S Dhoni is promoting a new fitness regime, though he has very little to do with its execution
Adidas chief executive officer Herbert Hainer is expected to be in India soon, as the local unit of the German sportswear maker, Reebok India, finds itself embroiled in a controversy, following the exit of its senior management, including Adidas India managing director Subhinder Singh Prem, amid allegations of commercial irregularities.
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