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Showing posts from January, 2011

Promoters of Varkeys Supermarket open to sell 35% stake

According to this report in Times of India , promoters of Varkeys Supermarket are open to sell 35% to stay afloat. They are primarily looking at Private Equity [PE] for the immediate fund infusion and to consolidate business. Nothing much has changed since the earlier post on this blog. It has been more than 5 months since they reported to be looking for fund infusion . Executive director seems not being open to a buy out from another chain. It is probably a brave decision, which only time can tell. Every one in Kerala seems to be waiting for their revival. Shopping experience has not been the same here since the 84 year old brand went 'out-of-stock'.

National Consumer Helpline number is 1800-11-4000

In the month of November '10 National Consumer Helpline [NCH] recorded 5413 calls. Maximum number of calls were received from Delhi followed by Uttar Pradesh, Haryana, Maharashtra and Rajasthan. Kerala, even with high literacy and consumer awareness, is probably not making use of this service well. Call 1800-11-4000 (from MTNL & BSNL lines). Toll-free helpline provides information, advice or guidance for dealing with his/her consumer problems in the following sectors/products: LPG, Electricity, Telecom, Banking, Insurance, Credit cards, Automobiles, Postal, Courier, water, Transport, Education and Medical etc. Domestic Home Appliances in the range of computers, handycam, Acs, Microwave, Television, Coolers, Fans, Washing Machines, Gas burner, Water Purifier, Mobile Phone, VCD/DVD/CD Player, Food Processor, Invertors and Shoes etc.

Select posts of 2010

Here are select posts from the year 2010. Hope you like them. Karunakaran, a far sighted economic reformer and institution builder Cosmetic creams made out of rubber latex New Kerala Tourism campaign fails in multiple ways Kerala, after K. M. Mathew Varkeys Supermarket: Is end nearby? Innovation Varsity in Kerala Gold loan business minting money for investors Read this before you are in Dubai Muziris Heritage and Culture Circuit: New dimension to Tourism in Kerala GKSF has more to do to convince corporates