R Subramanian

India Retail Forum (IRF), arguably the country’s largest congregation of retail minds, has a new chairman on board. The Forum, for the year 2008, will see R Subramaniam, the managing director of Subhiksha, control its reins. Handing over the charges...

Subhiksha has obtained a stay against the orders of the Maharashtra Food and Drug Administration (FDA) from Bombay High Court. A special sitting of the High Court bench passed these orders. "The FDA order was supposed to come into effect...

After initially suspending Subhiksha’s warehouse licence for 10 days, Maharashtra’s Food and Drug Administration (FDA) has increased the suspension period of the retail chain to 20 days, beginning August 20. The Chennai-based retailer came under the FDA scanner after the...

The acquisition of 40 per cent stake in Blue Green Constructions and Investments, a non-banking finance company (NBFC) listed on the Madras Stock Exchange (MSE), provides the right platform for Subhiksha to enter the consumer durables space. "We want to...

Retailers and mall operators are witnessing major business losses due to ongoing protests by Gujjar community. Expected chaos due to protests is not only holding back shoppers from visiting marketplaces, but have also hampered the supplies as connecting roads and...

At the Food Forum India 2008 inaugural session, SS Chahal, director, ministry of food processing industries, government of India, said, “The food processing sector generates significant employment. The multiplier effect of investment in this industry on employment generation is...

Subhiksha Trading Services Ltd, one of India’s largest mass market discount retail chains, has postponed its plans to launch initial public offer (IPO) till the end of the year. Subhiksha said it has enough money to fund its expansion and...

In defiance of a market crisis, wherein many majors are withdrawing their initial public offers, Chennai-based retailer Subhiksha is determined to float the Rs 500-crore IPO in the first quarter of FY 2008-09. Confirming the news to Indiaretailing, R Subramanian,...

Soon after opening its 1,000th store last month, Subhiksha is aiming high and have chalked out plans to announce a Rs 350 crore IPO and touch the 3,000 stores mark by 2010. The company aims to invest Rs 300 crore...

It would be unfortunate for every Indian, whether or not the individual Indian realises it, if the country’s retail industry were to become hostage to the cacophony of protests against the modern formats that are redefining the rules of...