TATA CONSUMER PRODUCTS will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes, CEO Sunil D'Souza said on Monday.
"We will calibrate for the short termâmaybe instead of opening 100, we will open 80 now, and next year we will open 120 instead of 100," D'Souza said, adding that Tata Starbucks is still focused on reaching its 2028 goal to operate 1,000 stores by 2028.
Urban consumers are cutting spending on everything, from cookies and coffee to fast food, as persistently high inflation squeezes middle-class budgets, with wages failing to keep pace.
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Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
US announces H-1B visa overhaul, Indian techies to benefit
THE US GOVERNMENT on Wednesday announced major reforms in its popular H-1B visa programme, a move that is expected to help thousands of Indian tech professionals.
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD IN the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.
Sebi tightens SME IPO rules
Sebi also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from â¹500 cr to â¹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.
Opposition seeks Shah's resignation
PM defends HM; slams Cong & its 'rotten ecosystem'
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
Drones deliver new hope to farmers
Aerial tech enhances farming efficiency, can tackle workforce woes
