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Subhiksha promoter sends legal notice to Premji

R Subramanian, the managing director and founder of retail chain Subhiksha Trading Services, has sent a legal notice to Wipro chairman Azim Premji claiming damages worth Rs 500 crore (Rs 5 billion)......

Mid-size retailers still feel the slowdown pinch

Rustomjee Business School, promoted by realtor Boman Irani, stands tall on S V Road in Mumbai's Dahisar area. Just a year ago, it was the site of an equally impressive Mega Mart promoted by Vishal......

Bankers set stiff terms for Subhiksha debt relief

Subhiksha's bankers have set stiff terms for clearance of a corporate debt restructuring package for the cash-strapped retailer. Though the banks are, in principle, favourable towards a......

Banks need more time for recast

The ongoing corporate debt restructuringof cash-strapped Subhiksha Trading Services may be extended by another two months. The original finalisation date was April 31. At a hearing on the issue at......

Wipro chief goes shopping; buys stake in Subhiksha

Azim Premji, promoter of Wipro, has bought a 10 per cent stake in food and grocery retailer Subhiksha for about Rs 230 crore. This transaction was done by Premji's personal investment entity Zash......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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