Tata Global Beverages surged 10.01% to Rs 107.75 after the company said it has entered into a 50:50 joint venture with Starbucks Coffee Company to open Starbucks cafés across India. The company made this announcement after market hours on Monday, 30 January 2012. Tata Global Beverages said that the 50:50 joint venture (JV) with Starbucks named TATA Starbucks will own and operate Starbucks cafés which will be branded as Starbucks Coffee
"A Tata Alliance". The retail stores will be developed in cities across
the country, beginning with stores...