Nifty Tata Group News, Corporate filings and Earnings/Conference Calls

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08 May 2023

Big catching up to do for new players, looking beyond metros: Barista CEO

Business Standard

Unfazed by the growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities to expand its footprint and drive growth, according to its CEO Rajat Agrawal. From coffee giants Tim Hortons, Tata Starbucks, the recently opened 'Pret A Manger' to local coffee-related startups like Blue Tokai, Sleepy Owl and Rage Coffee, everyone seems to be betting big on the growing coffee culture in the traditionally tea-drinking nation. However, the Barista CEO says that there is a "large level of catch-up" that has to be done by new players as the country's second-largest integrated coffee house with a presence in over 100 cities is growing at a rapid pace. The homegrown coffee chain brand, which last month opened its 350th store in India in Udaipur (Rajasthan), also looks to reach the count of 500 stores in the coming two years. "Now that we are already 350th, we are much above or far in terms of our number of stores presence. We have

Nifty Tata Group is trading above its 100 day SMA of 16537.7

Big catching up to do for new players, looking beyond metros: Barista CEO Rajat Agrawal on growing competition

Moneycontrol | 08 May 2023

Nifty Tata Group

08 May 2023

Tata Starbucks speeds up growth plans with new Indian-inspired menu

Business Line

Tata Starbucks added 71 restaurants in FY23, bringing the total to 341 stores across 43 Indian cities, with net sales reaching 1,087 crore, up 71% YoY.

Nifty Tata Group is trading below its 150 day SMA of 17238.5

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Business Standard | 08 May 2023 1 more

Nifty Tata Group

07 May 2023

Big catching up for new players: Barista CEO Agarwal on growing competition

Business Standard

Unfazed by the growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities for expanding its footprint and drive growth, according to its CEO Rajat Agarwal. From coffee giants Tim Hortons, Tata Starbucks, the recently opened 'Pret A Manger' to local coffee-related startups like Blue Tokai, Sleepy Owl and Rage Coffee, everyone seems to be betting big on the growing coffee culture in the traditionally tea-drinking nation. However, the Barista CEO says that there is a "large level of catch-up" that has to be done by new players as the country's second-largest integrated coffee house with a presence in over 100 cities is growing at a rapid pace. The homegrown coffee chain brand, which last month opened its 350th store in India in Udaipur (Rajasthan), also looks to reach the count of 500 stores in the coming two years. "Now that we are already 350th, we are much above or far in terms of our number of stores presence. We h

Nifty Tata Group is trading below its 150 day SMA of 17238.5

Daikin India becomes bn-dollar firm, expect to double business in 3 yrs

Business Standard | 07 May 2023

Nifty Tata Group

05 May 2023

Tata Group airlines see most improvement in on-time performance in April

Business Standard

IndiGo, India's largest carrier, saw its on-time performance fall from 92.43 per cent in March to 89.97 per cent in April

Nifty Tata Group is trading above its 100 day SMA of 16537.7

Nifty Tata Group

04 May 2023

Icra downgrades Shapoorji Pallonji Group flagship's ratings to BBB+

Business Standard

The flagship company of Shapoorji Pallonji Group, the single-largest shareholder in Tata Sons, had its debt downgraded on Thursday by a domestic rating agency. The Rs 19,600-crore debt across multiple instruments of Shapoorji Pallonji and Company Private Limited (SPCPL) has been downgraded to BBB+/A2 from A- (with a stable outlook)/ A2+, and placed on rating watch with developing implication, according to a statement. The delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY23, is resulting in modest profitability and muted debt coverage metrics, Icra said. Its line of credit was put to restricted use as a part of the One Time Restructuring (OTR) plan in March 2022, which constrained order execution in FY23, it said, adding timely sanction of adequate working capital limits remains critical to support the growth in core operations in the medium term. The 'Watch with Developing Implications' ..

Nifty Tata Group is trading above its 100 day SMA of 16537.7

Nifty Tata Group

29 Apr 2023

Tata group stock posted 21% fall in Q4 net profit, mutual fund stake up in March 2023 quarter

livemint

Voltas Ltd is a Tata group company that recorded a market cap of 26,434.38 Cr during Friday's closing session.

Nifty Tata Group is trading above its 100 day SMA of 16537.7

Nifty Tata Group

29 Apr 2023

Tata Sons Chairman N Chandrasekaran reveals company's plans for ChatGPT-generated systems

Business Today

Chandrasekaran added that training is a core competence of the company and they have already created pilots to explore the potential of AI and machine learning

Nifty Tata Group is trading below its 150 day SMA of 17238.5

Don't see slowdown, Tata Group expected to clock 20% growth: N Chandrasekaran

Moneycontrol | 28 Apr 2023 3 more

Nifty Tata Group

27 Apr 2023

Tata Group-backed Trent's Q4 revenue jumps as fashion demand rises

Business Standard

Consolidated net profit for the quarter stood at 541.6 million rupees. It posted a profit of 1.6 million rupees a year earlier

Nifty Tata Group is trading below its 150 day SMA of 17238.5

Nifty Tata Group

26 Apr 2023

BT MindRush 2023: Tata Group expected to grow 20% YoY, don't see a slowdown, says N Chandrasekaran

Business Today

Speaking at the BT MindRush 2023, Chandrasekaran said that looking at the diverse sectors, from steel, automobiles to consumers that Tata Group is invested in, demand factor is very strong.

Nifty Tata Group is trading above its 100 day SMA of 16537.7

'Every Tata Group company has to do AI transition,' says Chairman N Chandrasekaran

Business Today | 26 Apr 2023

Nifty Tata Group

26 Apr 2023, 12:24PM

Took 10 years! Tata Starbucks crosses Rs 1,000 crore sales in a financial year

Business Today

Its net sales for FY23 stood at Rs 1,087 crore, representing a growth of 71 per cent over FY22. The company, in its earnings presentation, said that business was earnings before interest and taxes (EBIT) positive for the year.