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“Tata Consumer Refutes ‘Baseless’ Report Claiming Starbucks Is Exiting India”

Starbucks Denies Exit Rumors in India, Tata Consumer Calls Report 'Baseless'

Tata Consumer Products has strongly refuted a recent report claiming that Starbucks is planning to exit the Indian market due to high costs, losses, and growing competition from local coffee chains. The report, published on December 19 by Rajasthan-based media outlet The Philox, suggested that Starbucks could soon shut down operations in India, citing price-sensitive Indian consumers’ preference for cheaper local substitutes and the coffee chain’s struggle to turn significant profits in the country.

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“Vijay Mallya Asserts He Has Repaid Twice His Debt, Seeks Relief from Charges”

"Vijay Mallya Asserts He Has Repaid Twice His Debt, Seeks Relief from Charges"

Fugitive businessman Vijay Mallya has ignited a fresh controversy with his claims that the Indian banks have recovered more than double the amount of his debt. In a recent series of posts on X (formerly Twitter), Mallya argued that while the Debt Recovery Tribunal had adjudicated his Kingfisher Airlines (KFA) debt at ₹6,203 crore, including ₹1,200 crore in interest, banks had recovered ₹14,131.60 crore from him through the Enforcement Directorate (ED) and other agencies.

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