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12:17 AM | September 25,2009
Government asks Balco to submit a report on Korba chimney collapse; retailer Subhiksha seeks fresh compromise with creditors and GM joins hands with Reva to develop a small battery powered car
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Rasul Bailay 09:23 PM | September 02,2009
The CDR office had given a three-month extension till 31 July to the banks working on debt restructuring
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Rasul Bailay 11:26 PM | August 28,2009
Earlier this month, Subhiksha’s shareholder Cash and Carry Wholesale Traders Pvt. Ltd had filed an application under Section 391 of the Companies Act, 1956, to seek a compromise between Subhiksha and its creditors to whom the retailer owes at least Rs750 crore
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Rasul Bailay 12:28 AM | August 22,2009
Bharti Retail shuts one outlet each in Amritsar, Karnal; retailers in India close more stores than they’ve opened in 1 year
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PTI 04:29 PM | August 05,2009
The company hopes to resume operations in three-four months and its management is working with lenders on restructuring the firm
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Rasul Bailay 10:58 PM | July 28,2009
The retailer is asking for Rs300 crore to get itself back on its feet after financial troubles led to the closure of Subhiksha’s 1,600 stores nationwide earlier this year
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Inconvenient Questions. Relevant Answers | RN Bhaskar 09:43 PM | July 22,2009
One fact that stands out is that the costs for power generation vary significantly from project to project
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Rasul Bailay 11:03 PM | July 21,2009
While organized retail chains in urban India are shutting stores and scaling down ambitions, Hariyali Kisaan Bazaar is looking to add 200 rural stores to its existing chain of 300 in two years
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Rasul Bailay 09:18 PM | July 10,2009
Once one of India’s fastest growing organized retail chains, Subhiksha today is in a precarious cash situation and struggles to sustain itself
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Saikat Chatterjee / Bloomberg 12:44 AM | June 27,2009
The debt restructuring of the company, key to the survival of the retail chain, has to be completed by 31 July, or six months since the beginning of the process
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PTI 03:23 PM | June 26,2009
In its notices, the private equity group has charged the directors of not performing their duty and keeping it in dark about Subhiksha’s financial status
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PTI 02:05 PM | June 26,2009
In its notices, the private equity group has charged the directors of not performing their duty and keeping it in dark about Subhiksha’s financial status during that period
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PTI 07:41 PM | June 09,2009
Subhiksha is undergoing a corporate debt restructuring programme to make the cash-strapped retail chain eligible for receiving funding to re-start its operations
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Vidhya Sivaramakrishnan and Rasul Bailay 09:40 PM | May 20,2009
The retail firm has shut all its 1,600 stores and is waiting to complete a process to restructure its debts by a group of about 12 banks
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Rasul Bailay 12:27 AM | May 20,2009
The lenders, however, claim the company, which is mainly controlled by Subramanian, is not allowing Ernst and Young to review its financial details
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