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The Economic Times

Buy CCL Products India, target price Rs 881: LKP Securities

CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2023.

Mint

After US, China struggles, will Starbucks pay the price in India?

The world’s largest coffee chain has seen footfalls decline in its affluent home market, the US, with consumers rejecting its high-priced menu. In China, it faces fierce competition from local rivals. Ditto in India. But Starbucks still fancies its prospects here.

Mint

Starbucks' new CEO wants to recapture the coffeehouse vibe

Starbucks' new CEO, Brian Niccol stressed the need for improved customer experience, addressing challenges like long wait times and menu complexity, while focusing on coffee quality and barista support.

Business Standard

Starbucks appoints Brian Niccol as CEO after struggles with mobile orders

To Howard Schultz, the chaos he observed at a Starbucks in Chicago one recent morning summed up the troubles of the company he long led as chairman and CEO. Commuters tumbled off trains and into a Starbucks store to pick up the orders they had placed on their cellphones. Drinks weren't ready when the mobile app said they would be. Customers couldn't tell which beverage was theirs. Everyone shows up and all of a sudden we've got a mosh pit, Schultz said during a June episode of the podcast Acquired. That's not Starbucks. Fifty-three years after its founding, the Seattle coffee giant is unhappy with what it's become and trying to figure out how to meet customers' changing needs without losing its coffeehouse roots. To recapture what once made it special and turn around sagging sales Starbucks is turning to Brian Niccol, an experienced marketer who previously led Taco Bell and Chipotle. Niccol takes over as Starbucks' chairman and chief executive on Monday. With nearly 40,000 stor

The Economic Times

Cheaper than coffee! Radhika Gupta says Edelweiss Mutual Fund accepting Rs 100 SIPs

Edelweiss Mutual Fund CEO Radhika Gupta announced that investors can start a SIP with just Rs 100, making it more accessible. She highlighted the availability of this option for the past six months and encouraged people to invest.

Business Line

Cafe Coffee Day presence shrinks to 141 cities in FY24

The National Company Law Appellate Tribunal halted the insolvency proceedings against the company

The Economic Times

CCD cafe count falls to 450 in FY24, number of operational vending machines rises

Cafe Coffee Day's outlets declined to 450 in FY24, while operational vending machines increased to 52,581. The chain's presence also reduced to 141 cities. Gross revenue rose by 11.16% to Rs 966 crore. The company has been reducing its debt through asset resolutions since the death of founder V G Siddhartha.

The Economic Times

Tata Consumer Products completes merger of three wholly-owned subsidiaries in India

TCPL's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+.

Business Line

Speciality coffee Blue Tokai raises $35 million in funding round led by Verlinvest

Existing investors Anicut Capital and A91 Partners also participated in the funding round

Mint

Worst Drought in 40 Years Puts Brazil’s Major Crops at Risk

First came wildfires that scorched sugar cane fields. Now, the worst drought in more than four decades is threatening coffee and soybean crops in Brazil.

Business Line

GRM Overseas picks up 44% stake in Rage Coffee’s parent company

The company said this acquisition aligns with its broader strategy under its newly launched platform, 10X Ventures, which aims to invest ₹200 crore in digital-first, new-age D2C brand

The Economic Times

GRM Overseas acquires 44% stake in Rage Coffee

GRM Overseas Limited has acquired a 44% stake in Rage Coffee through a combination of primary infusion and secondary buyouts. This strategic move aims to expand GRM's presence in the fast-growing Indian coffee market. The acquisition aligns with GRM's broader strategy to invest in digital-first, new-age D2C brands under its 10X Ventures platform.

The Economic Times

Regional food brands embrace quick commerce for nationwide reach amid festive surge

Regional and hyperlocal food and beverage brands are increasingly partnering with quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket's BBNow to expand their reach nationwide and capitalize on the festive season's demand surge. Brands such as Sweet Karam Coffee and Let's Try are leveraging these platforms to overcome geographical limitations and make local flavors accessible across India.

The Economic Times

How to make your coffee healthier: Smart tips to try

Discover how to enhance your morning cup of coffee with these smart tips. From skipping sugar and using quality beans to adding cinnamon and avoiding coffee on an empty stomach, make your brew healthier today!

The Economic Times

It's coffee as usual for Starbucks in India: Appointment of new chairman won't alter plans

Starbucks' abrupt leadership change won't affect Tata Starbucks' Indian expansion plans, per Tata Consumer Products CEO Sunil D'Souza. The company aims to open 1,000 cafes by 2028. Despite new competition from Pret A Manger and Tim Hortons, Starbucks remains focused on growing its presence in the predominantly tea-drinking nation.

The Economic Times

NCLAT stays insolvency proceedings against Coffee Day Enterprises

The National Company Law Appellate Tribunal (NCLAT) has temporarily halted insolvency proceedings against Coffee Day Enterprises (CDEL), allowing the company to continue operations. This decision suspends an August 8 order by the National Company Law Tribunal (NCLT) that had initiated a debt resolution process. CDEL, facing a petition from IDBI Trusteeship Services (IDBITS) over a ₹228.45 crore default, will have its case reviewed further. Since the death of founder VG Siddhartha in 2019, CDEL has reduced its debt significantly, from ₹7,200 crore to ₹1,292 crore.

The Economic Times

New Starbucks ‘dream’ CEO swings $27 billion in market value

Starbucks Corp. investors have never rewarded the stock more than they have today on the news that the coffee chain giant hired Chipotle Mexican Grill Inc.’s Chief Executive Officer Brian Niccol as its new leader.

Mint

NCLAT stays insolvency proceedings against Coffee Day Enterprises

NCLAT stayed insolvency proceedings against Coffee Day following an appeal by director Malvika Hegde challenging an NCLT order initiated by IDBI Trusteeship

The Economic Times

NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearing

The NCLAT halted insolvency proceedings against Coffee Day Enterprises Ltd, operators of Cafe Coffee Day, pending further hearings. The tribunal instructed IDBI Trusteeship Services Ltd, the financial creditor asserting a Rs 228.45 crore default, to file a counter affidavit within three weeks. This decision followed an appeal from Malavika Hegde, Executive Director-CEO of the company.

Mint

Coffee Day share price nosedives 19% after NCLT initiates bankruptcy proceedings

Coffee Day share price dropped over 19% after NCLT commenced bankruptcy proceedings against Coffee Day Enterprises Ltd. The stock opened at ₹38, hit a low of ₹37.55, and a high of ₹41.05, breaching key support levels.

Business Standard

NCLT orders insolvency trial against Coffee Day Enterprises on IDBI claims

Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI Trusteeship Services Ltd (IDBITSL) claiming a default of Rs 228.45 crore and appointed an interim resolution professional to take care of the operation of the debt-ridden company. CDEL, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs). The financial creditor had subscribed 1,000 NCDs through private placement and paid Rs 100 crore towards the subscription in March 2019. For that CDEL executed and entered into an agreement with IDBITSL agreeing to appoint as the debenture trustee for the debenture

The Economic Times

NCLT orders insolvency proceedings against Coffee Day Enterprises

The NCLT has begun insolvency proceedings against Coffee Day Enterprises Ltd (CDEL) following a plea by IDBI Trusteeship Services Ltd, citing a Rs 228.45 crore default. The tribunal appointed an interim resolution professional, noting CDEL’s failure to make coupon payments on debentures and rejecting CDEL’s objections. The default was acknowledged in their annual reports.

Business Line

Tim Hortons opens store in Ahmedabad; CEO says India fastest growing market for Canadian coffee chain

The coffee and food chain is now present in 14 cities across India

Business Line

Coffee Day stock plunges as it faces insolvency after NCLT admits creditor’s petition

NCLT admits application under the Insolvency and Bankruptcy Code filed by IDBI Trusteeship Services against Coffee Day Enterprises

Business Line

Stocks that will see action today: August 9, 2024

Buzzing stocks: MCX, Utkarsh SFB, Wipro, Tech Mahindra, Tanla Platforms, GAIL (India), Jindal Steel, Coffee Day, Nexus Select Trust, Prakash Ind, Bansal Wire

Business Line

Heritage Foods enters West Bengal, Bihar and Jharkhand as it looks at East as a growing market for dairy

Heritage Foods is launching long-shelf life milk and a host of beverages like milkshakes, Lassi, flavoured milk and cold coffee, Ghee and Laddus in West Bengal, Bihar and Jharkhand

The Economic Times

TATA Starbucks introduces its first metro store in India

TATA Starbucks opened its first store in a metro station at the Western Express Highway metro station in Mumbai. It will offer quick grab-and-go options and dine-in facilities from 8 am to 9 pm daily. CEO Sushant Dash expressed the company's commitment to providing an exceptional coffee experience in a convenient location. The store features a diverse menu with Indian-inspired beverages and loyalty programs for customers to enjoy.

Business Line

Stocks that will see action today: July 8, 2024

Buzzing stocks: LIC, JM Financial, Infosys, Apollo Hospitals, Bandhan Bank, GMR Power, Coffee Day, PNB, HG Infra, Zaggle, Delhivery, Union Bank, BoB, UGRO Capital, Indsil Hydro, Welspun Corp, Quick Heal, Signature Global, HEG, Genesys Intel, Fermenta Bio, EFC

The Economic Times

How Saurabh Mukherjea is fixing the leak in his Coffee Can portfolio

Many of Marcellus’s Saurabh Mukherjea’s top bets have not worked in the recent past. But that has not deterred him. In an exclusive interaction with ET Prime, he discusses India’s growth, the essence of quality investing, and why he believes his day in the sun is just around the corner.