Tata Starbucks had hiked the base price of one its coffee variant after the GST Council cut tax rates on restaurants from 18 per cent to 5 per cent with effect from November 15, 2017.
The Food Safety and Standards Authority of India (FSSAI) has rejected product approval applications of Tata Starbucks, Kellogg and McCain due to lack of sufficient supporting documents for safety assessment.
The company said it will use other FSSAI-approved ingredients.
India has been a tea sipping society. But the aromatic wave of coffee culture is wafting across it.
'We desire to see our children and children-in-law find legal acceptance for their relationship...' Chintan Girish Modi on how parents of LGBTQIA+ Indians have appealed to Chief Justice Chandrachud to 'consider the plea for marriage equality'.
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd chairman N Chandrasekaran said on Monday. To navigate through these "short-term bumps" in this uncertain environment, the company will focus on strong execution, maintaining agility and nimbleness," he said while addressing shareholders at the annual general meeting (AGM). "Geo-Political tensions, supply chain challenges, and demand-supply mismatches in crude and several other commodities are driving persistent inflation, which will likely impact demand across categories.
in the last three months, brands such as Tata Starbucks, KFC, and Pizza Hut have launched drive-through or kerb-side delivery services at their restaurants to catch consumers nervous about dining in.
While one outlet will be opened at the domestic terminal, another one will be started at the international terminal of the airport, Tata Starbucks said in a statement.
Food regulator has closed more than 15 files.
We are adapting to the situation by innovating new delivery modelss, launching brand campaigns that are impactful in the current context and closely monitoring changes in consumer buying behaviour, he said.
'We were taking the Starbucks experience from the store to the home.'
It takes 6 to 8 months after the approval for a product to hit stores.
Starbucks opened its 7th store in India at New Delhi's Connaught Place.
This flagship Starbucks outlet will have place for upto 150 people.
The world's largest coffee chain, Seattle-based Starbucks, is close to hiring its India head. Tata Starbucks Limited, the $10.7-billion American group's joint venture with Tata Global Beverages, has zeroed in on Virag Joshi as managing director for India operations, according to market sources.
The company has opened 7 cafes so far.
Tata Starbucks Ltd, the 50/50 joint venture between Starbucks Coffee Co and Tata Global Beverages Ltd.
The company's Indian operation, a joint venture with Tata Global Beverages, has got a new CEO.
Since debuting in India in October 2012, the company has opened 15 Starbucks stores across Mumbai and Delhi.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
Real estate experts say rentals have corrected by 5-10 per cent across formats, including office, retail and housing, with a pick-up expected over the next few quarters as the economy recovers.
Faced with a clutter of coffee houses and cafes that also serve the brew, the chain that has 119 stores in seven cities in India is looking at ways to differentiate its brand from the rest.
The lack of a strong diversity policy on the part of companies, a limited pool of women candidates as well as socio-cultural factors contribute to their low numbers.
Creating a market for premium coffee is a challenge.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Indian coffee shops market over the next four-five years will grow between 6 and 18 per cent CAGR, all due to the growing coffee culture among the youth, increasing urbanisation, rising disposable income levels and changing eating and drinking preferences, says Atanu Biswas.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
Tatas may look at selling part of its stake in couple of investments
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Through the book 'Make in India' authors Ranjini Manian and Joanne Grady Husky bring you the wisdom of twelve CEOS who walked the trail before them.
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