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'Starbucks profitable, expansion hurting biz'

Mint Bangalore

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June 19, 2025

Coffee chain Starbucks, which operates in India via a 50:50 joint venture with Tata Consumer Products Ltd (TCPL), is seeing store-level profitability, but rapid expansion is hurting its profitability, a top Tata Group executive said.

- K. Vaeshnavi

"While the individual Starbucks stores are indeed profitable, we're currently in an investment phase. This explains the discrepancies you're observing in our financial outcomes," said P.B. Balaji, group CFO of Tata Motors and non-executive director of Tata Consumer Products, while addressing shareholders at the company's 62nd Annual General Meeting on Wednesda

Mint Bangalore'den DAHA FAZLA HİKAYE

Mint Bangalore

Pvt sector PMI growth rebounds from Dec lows: HSBC

After losing momentum at the end of 2025, growth across India’s private sector rebounded in January, with early survey data showing a faster recovery in manufacturing than in services.

time to read

1 min

January 24, 2026

Mint Bangalore

Adani Group shares fall up to 15% after US SEC move

News of the US market regulator seeking to send summons in a bribery case directly to Adani Group promoter Gautam Adani and his nephew Sagar sent the group’s listed stocks tumbling between 3% and 15% on Friday.

time to read

1 min

January 24, 2026

Mint Bangalore

BPCL to ink $780 mn Petrobras crude deal

State-run Bharat Petroleum Corp. Ltd (BPCL) will sign a contract with Brazil's Petrobras next week to supply 12 million barrels of crude oil a petroleum ministry statement said, as India continues to diversify its sourcing beyond Russia and West Asia.

time to read

1 min

January 24, 2026

Mint Bangalore

Mint Bangalore

‘Train Dreams’ and the magic of the ordinary

Clint Bentley's film, starring Joel Edgerton, is a mysterious and intimate frontier story

time to read

3 mins

January 24, 2026

Mint Bangalore

Mint Bangalore

Musicians match their style to the beat

As concert culture goes mainstream, style has become a key element of a musician's art and identity

time to read

5 mins

January 24, 2026

Mint Bangalore

Mint Bangalore

Inside Cosmo First's move beyond packaging

In 1981, when India’s packaging industry was primitive, technical expertise scarce, and global competitors formidable, Ashok Jaipuria saw what others missed.

time to read

1 mins

January 24, 2026

Mint Bangalore

The fastener revolution comes to India

In 1999, as India's tech sector celebrated Y2K contracts and pharmaceutical companies courted global markets, Pankaj and Vipin Lidoo were fixated on something decidedly unglamorous: fasteners.

time to read

1 min

January 24, 2026

Mint Bangalore

Mint Bangalore

A commitment to elevating patient care standards at CARE CIIGMA Hospitals

Founded in 2007 by Dr Unmesh Vidyadhar Takalkar, CIIGMA Hospital has emerged a revolutionary force in the healthcare landscape of Marathwada.

time to read

2 mins

January 24, 2026

Mint Bangalore

Mint Bangalore

The city beside the layer of concrete

A sound cuts through the quiet, hibernating winter air.

time to read

5 mins

January 24, 2026

Mint Bangalore

Mint Bangalore

Adani shares slide up to 15% after SEC moves court to serve direct summons

FROM PAGE 16

time to read

2 mins

January 24, 2026

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