Subhiksha

  • Retail chain Subhiksha may be probed for fraud July 17, 2010

    Chennai: Retail chain Subhiksha may be probed by the Serious Fraud Investigation Office (SFIO) for misleading ICICI Venture on the actual financial condition of the company, Union Minister Salman Khurshid said Saturday. The corporate affairs minister said the report of Registrar of Companies (ROC) on the the retail chain may...
  • Subhiksha in another soup, this time it is audits February 24, 2009

    Mumbai: Chennai-based retail chain Subhiksha, which has been in news since October 2008, is in yet another controversy. Renuka Ramnath, MD and CEO of ICICI Ventures, said in a press conference that Subhiksha has been unable to complete its audit procedure and hence it could not come out with an...
  • Retail chain Subhiksha under EPFO scanner February 12, 2009

    New Delhi: The Employees' Provident Fund Office has initiated an inquiry into the retail chain Subhiksha even as its top management quit. Subhiksha is being investigated for non-payment of Provident Fund dues to its employees. Subhiksha Managing Director DR Subramanian said that the inquiry by EPFO against Subhiksha are for non-payment...
  • No salary; Subhiksha to pay 15,000 employees January 31, 2009

    New Delhi: Some over 15,000 employees of retail chain Subhiksha have not been paid since October. The company is now offering two month salary in return for a signed undertaking from employees that they will go on leave without pay until May 31st. “There are 15,000 people working in...
  • Retail chain Subhiksha in money, land trouble January 29, 2009

    Pune: Last week, Hanumant Rao, a senior official of retail chain Subhiksha was arrested in Nagpur on the basis of complaints from employees for alleged non-payment of salaries and creating fictitious PF accounts. Police say that Rao was booked under Section 409 for criminal breach of trust and Section...
  • FDA cancels retail chain Subhiksha's licence August 13, 2008

    Mumbai: Cracking the whip on leading retail chain Subhiksha, Maharashtra's Food and Drug Administration (FDA) on Wednesday cancelled licenses of its three packaging firms and extended the suspension period of two trading firms over hygiene issues at its warehouses. The FDA, responding to an appeal by the company against imposition of...
  • Inflation soars: Retailers adopt cheaper-is-better policy June 29, 2008

    Mumbai: Retailers have been struggling for footfalls ever since the commodity prices started moving upwards a few months ago. Now they are battling inflation with various out-of-the-box initiatives to keep the customers happy. Big Bazar, India's largest super market chain, has planned to put a slew of cheap in-house brands on...
  • Subhiksha hits 1000 stores, IPO on the cards December 6, 2007

    New Delhi: India's largest and oldest retailer has managed to stay away from controversies surrounding organised retail. Retail Chain, Subhiksha has grown to a 1000 stores and is now planning an IPO. It’s not easy being in the retail space. The protests against Reliance have dominated the headlines. But there...
  • Reliance, Subhiksha stores face closure, ire of traders September 20, 2007

    New Delhi: After UP, MP and Jharkhand, protesting traders forced Reliance and Subhiksha stores in some parts of Delhi to close down. “This government won’t take notice of our strike unless we burn down few of these retail stores,” said one of the protestor. Small traders across India are angry and...