Tata Coffee Ltd has informed the market that Starbucks, the US giant Coffee Company is making an entry with its famed stores into India. It has held several meetings with Tata Coffee Limited, India’s largest Coffee Producing Company for a possible alliance.It informed that the Company has entered into a non binding Memorandum of Understanding (MOU) with Starbucks Coffee International, Inc. (Starbucks) for a potential strategic collaboration in areas of Sourcing of coffee beans, coffee roasting facilities etc relating to Starbucks entering retail operations in India initially and for other Asian countries over time. This arrangement is subject to the negotiation and execution of definitive agreements by both Tata Coffee and Starbucks.
McDonald’s this is the only store that was not there in velachery and that is also now available , yesterday i was visiting a person in velachery and was talking about how velachery has gone from dust to the city which has flourished like anything and almost anyone in Tamilnadu will use velachery as example how a place should grow.
I was always interested in finding out what is coming in velachery and to my surprise i saw McDonald’s fastly coming with its outlet in velachery and this is not something small or anything this is really big not sure may be this is the biggest in Chennai .
Jain Irrigation Systems Ltd informed the market on Monday that its food division has received orders worth 158 crore from Coca-Cola bottlers in India and overseas for the supply of mango pulp for 2009/10 season.Sure this would have been bagged by the Jain irrigations food processing division.
Britannia Industries rose 176.83% to Rs 45.40 crore in December quarter of 2007 as compared to Rs 16.40 crore in the QOQ of December 2006. Sales rose 15.71% to Rs 656.40 crore in December quarter of 2007 as compared to Rs 567.30 crore in the QOQ of December 2006.
Temptation Foods today entered into an marine export Agreement with a South India based Company for an undisclosed amount. This will give them more international exposureand also access to a number of International clients. of the South indian company.
Temptation Foods Ltd has submitted a Binding Bid to M/s. Chambal Fertilisers and
Chemicals Ltd (CFCL) for acquisition of Food Processing Unit of CFCL.The said bid
has been accepted by CFCL. However, the transaction is subject to execution of
definitive agreements by the parties.
Sugar producers such as Bajaj Hindusthan, Sakthi Sugars, Shree Renuka Sugars and Balrampur Chini Mills rose 5.2 to 6.5 per cent on firm international prices for sugar futures on Thursday. The New York Board of Trade’s May raw sugar contract rose 3.8 per cent and London’s May sugar futures closed up 3.5 per cent.