Arab Today, arab today india\s tata coffee shares up on starbucks
Last Updated : GMT 17:50:45
Arab Today, arab today
Arab Today, arab today

India\'s Tata Coffee shares up on Starbucks

Arab Today, arab today

Arab Today, arab today India\'s Tata Coffee shares up on Starbucks

Mumbai - AFP

Shares in India\'s Tata Coffee soared nearly 10 percent on Monday after media reports that a proposed tie-up with giant US chain Starbucks will be announced soon. Tata Coffee, a grower and supplier of high-quality Arabica beans, jumped 9.8 percent intraday to a day\'s high of 881.75 rupees on the Bombay Stock Exchange. The surge followed a report in the Times of India that Starbucks was set to open its first cafes in the fast-growing Indian market. The two companies had announced a deal in January this year. Seattle-based Starbucks has for years been eyeing the Indian market, where large US food and drink giants such as McDonald\'s, Domino\'s pizza and Pizza Hut have already established a strong presence. The Times of India, quoting unnamed sources, said Starbucks had approached other potential Indian partners, including fast-food chain operator Jubilant Foodworks before deciding on Tata Coffee. India has traditionally been a nation of tea drinkers but economic growth in recent years has led to a shift in preferences, with Western-style coffee shops a major attraction. Tata Coffee and Starbucks could not be immediately be reached for comment. Costa Coffee, part of Britain\'s Whitbread hospitality group, and US-based The Coffee Bean and Tea Leaf are already well established in major Indian cities. Indian chains Barista, which has a tie-up with Italy\'s Lavazza, and Cafe Coffee Day, are also popular. All are promoted as sophisticated marks of affluence and good taste in the class-conscious nation. The Times of India said the Starbucks-Tata Coffee deal would also be backed by other bigger firms within the salt-to-software Tata group.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india\s tata coffee shares up on starbucks Arab Today, arab today india\s tata coffee shares up on starbucks

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday