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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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TATA Starbucks banking on product portfolio expansion, opening of different types of store formats to boost business
2026-05-09 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
The coffee chain major is bullish on India as it sees significant long-term growth potential

The coffee chain major is bullish on India as it sees significant long-term growth potential

TATA Starbucks will be banking on product portfolio expansion and opening of different types of store formats to boost its business this fiscal.

The coffee chain major, a joint venture between Starbucks and Tata Consumer Products, is bullish on India as it sees significant long-term growth potential in India’s underpenetrated coffee market.

“India has been a great story so far. We are very optimistic. We now have 506 stores. India is one of the fastest growing markets for Starbucks globally,” TATA Starbucks COO Adrit Mishra told reporters after opening its first Starbucks Reserve store in Kolkata.

Mishra said Starbucks Reserve stores are positioned as destination cafés offering premium coffees sourced globally.

Speaking about the launch, he said Starbucks Reserve reflects the company’s deep-rooted coffee heritage and craft, and this store brings that to life through rare coffees, artisanal brewing methods, thoughtfully curated food and a design language inspired by Kolkata’s rich cultural identity.

The Kolkata outlet is also Starbucks’ first rooftop store in India and spans around 3,600 sq ft, nearly three times the chain’s average India store size of around 1,200 sq ft.

On the overall growth of the coffee chain major, Mishra said, “we are focusing on type of expansion, type of products we innovate, type of experiences we create for consumers. We are focusing on the type of stores that we can open across the country.”

“We started the concept of Starbucks Reserve three years back. We opened our first Reserve store in Mumbai. Last year, we opened the second store in Gurugram. And this year, we opened store in Delhi,” he added.

Seattle-based Starbucks entered the Indian market in October 2012 through a 50/50 Joint Venture with Tata Consumer Products and currently operates more than 500 stores in India across 81 cities.

Published on May 8, 2026