The Madras high court was to hear the petition on Friday, but it had to be deferred due to the ongoing boycott of courts by lawyers, Subhiksha Trading Services Ltd said. The merger petition pertains to the purchase of 40 per cent stake in Blue Green Constructions for Rs 2 crore (Rs 20 million) by Subhiksha in 2008, followed by the retail chain's decision to merge the two entities.
Dismissing rumours about his selling out the company, R Subramanian, managing director, Subhiksha Trading Services, says Subhiksha is here to stay. In an interview with Business Standard, Subramanian attempts to clear some of the confusions.
There is very little in the film to keep the audience engaged.
Nashik district, an Agri Export Zone (AEZ) for onion, grapes, keshar mango, pomegranates and flowers, is fast becoming the source of agri goods for retail companies such as Subhiksha and Reliance Retail.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
Despite a more liberalised business milieu, modern-day entrepreneurs remain prone to unethical behaviour and poor governance.
Audit is being questioned by investors. Subhiksha is an example. In the case of Siemens India, institutional investors questioned the valuation in a deal involving the sale of Siemens Information Systems to German parent Siemens AG. This shows the low level of investor confidence in the corporate governance system. The audit committee mechanisms need strengthening.
Tamil music composer Dharan along with nine singers -- Benny Dayal, Naresh Iyer, Haricharan, Ranjith, Chinmayi, Sumitra Sarathy, Shalini Singh, Subhiksha and Suchitra have come out with this music video as a tribute to King of Pop.
"I feel governments still see bull markets as good, and bear markets as bad but excessive bull markets create bear markets, and only timely intervention can help overcome the crisis," says R Subramanian, managing director, Subhiksha, one of the largest retail chains in India.
The original finalisation date was April 31. At a hearing on the issue at the High Court in Chennai, counsel for ICICI Bank, which leads the consortium of banks handling the recast, said it was negotiating with others on an extension. The next hearing on extricating the Chennai-based retail chain from its present quagmire will be on April 17.
India's biggest discount retailer said hundreds of its stores were attacked over the weekend, after it failed to pay its security guards because of liquidity troubles.
These stores will find it difficult to survive the pressures of the slowdown because the margins in their category of business are the lowest among all retail formats, said Anand Raghuraman, partner & director, The Boston Consulting Group.
Stay Hungry, Stay Foolish is the story of 25 IIM Ahmedabad graduates who chose the rough road of entrepreneurship. The book seeks to inspire young B-school graduates to look beyond placements and salaries. To believe in their dreams.
National Agricultural Cooperative Marketing Federation, the central government's procurement agency for non-cereal crops, is in talks with leading retail companies to serve as a back-end supply chain in agri-commodities.
Rules out involvement of nominee and independent directors.
They have graduated from just home delivery to SMS marketing, bulk buying alliances and credit extensions.
VG Siddhartha's story 'will be a good case study and not a deterrent to those who want to be entrepreneurs. I don't think it will scare young entrepreneurs. I think these cases will make them sensible. They will understand that they have to be very careful about certain things, otherwise, they will have to pay a heavy price.'
Corporate retailing of fruits and vegetables - once a domain of street side vendors - seems to be facing more troubles.
Clearly, the mobile handset market is buzzing with new branded retail chains such as Reliance and Aditya Birla Group entering the fray and the existing chains expanding their foorprint. Take Pantaloon Retail's JV with Axiom of Dubai, for instance. The company is re-branding its standalone retail chain Mport to Axiom stores, which is among the largest telecom products chain in West Asia.
Large retail chains like Reliance Fresh, Subhiksha and Spencer's have not been able to do sourcing of their entire farm products directly from the farmers.
Even in the face of protests from trade groups, escalating real estate costs and pressure on margins, the march of domestic retail chains continues unabated.
Adani group is all set to launch fruits and vegetables supply in a big way.
Reliance Retail, already creating ripples in the organised domestic retail market, is poised to acquire smaller rivals in order to take on serious competition from the likes of Bharti-Wal-Mart combine.
Renuka Ramnath is credited with raising the India Advantage Fund Series II, the country's largest private equity fund till date with a corpus of $810 million.
The director A V Sasidharan depended too much on lead actor Fahadh Faasil's popularity and forgets everything else.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
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