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Business Tata Consumer Products Crosses Rs 20,000 Crore Revenue, Eyes 25% Annual Growth From Acquisitions
Tata Consumer Products has surpassed Rs 20,000 crore in annual revenue. Chairman N Chandrasekaran said acquisitions Capital Foods, Soulfull and Organic India are expected to grow 25% per year. The Tata Starbucks joint venture turned profitable in FY26 and plans to add 50–100 stores annually.
Logistics Target Opens $367M Food Distribution Center in Colorado
Target has inaugurated a $367 million food distribution center in Thornton, Colorado, aimed at improving supply chain efficiency and product availability for 129 stores across 11 states. This facility, the largest of Target's nine food distribution centers, will expedite replenishment and reduce transportation costs.
Commodities Wheat Procurement Surpasses Target with 17% Surge
Wheat procurement in India surged 17% to over 35 million tonnes for the 2026-27 season, exceeding the target of 34.5 MT. This increase was driven by robust domestic production and favorable mandi rates.
Commodities India's Wheat Procurement Surpasses Revised Target Amid Record Production
India's wheat procurement for buffer stocks has surpassed the revised target of 34.5 million tonnes, reaching 34.99 million tonnes as of May 31. This increase is attributed to record production estimates and relaxed quality norms due to weather impacts.