New Delhi, Nov 5 (IANS) With coffee parlours becoming popular in Indian cities, Barista, the trend-setter in the country, now wants to take the concept to a new level, introducing liqueur-based beverages.
The liqueur coffee has expresso as its base with a dash of liqueur ranging from Teacher’s Scotch whisky, Irish whisky, Baileys Irish cream, rum or vodka and is priced between Rs.199 to Rs.299.
“The launch of liqueur coffees will be an extension to the authentic Italian coffee drinking experience,” said chief operating officer Sanjay Coutinho.
The company has started serving customers liqueur coffee as a pilot project at its Defence Colony outlet, but will not make this a pan India rollout.
“We plan to assess the feedback after two-four months, following which we will decide on how and where to introduce the liqueur coffee,” said Coutinho.
Serving liqueur coffees requires a license from the excise department and attracts all the conditions that alcohol serving restaurants have to comply with.
For now though, the company is planning to restrict itself to only liqueur coffees.
“Internationally, coffee parlours offer a variety of flavours and brews and some offer hard liquor as well. Maybe over a period of time we too can look at offering some more on the menu,” said Coutinho.
However, not everybody may like liqueur blended with their brew and the company is being selective about where it introduces these.
Showing posts with label smiriti srivastava. Show all posts
Showing posts with label smiriti srivastava. Show all posts
Thursday, November 5, 2009
Tuesday, November 3, 2009
US investor Warren Buffett makes record rail investment
New York, Nov 3 (DPA) Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire Hathaway holding company.
The purchase of the Burlington Northern Santa Fe Corp was agreed upon at $100 a share, paid for in both cash and stock. The purchase price includes $10 billion of outstanding debt.
“Its an all-in wager on the economic future of the United States,” Buffett said in the statement. Buffett added that the rising costs of oil would make rail freight more profitable against the rival truck-based freight.
Berkshire Hathaway already owned a fifth of the rail company, which is one of the few to have a nationwide network.
That network was itself created by mergers.
Berkshire Hathaway is based in Omaha, Nebraska, and largely concentrates on insurance and the financial sector under the leadership of the 79-year old Buffett.
Berkshire Hathaway stock is priced currently at around $100,000 a share - the most expensive on the New York Stock Exchange.
The purchase of the Burlington Northern Santa Fe Corp was agreed upon at $100 a share, paid for in both cash and stock. The purchase price includes $10 billion of outstanding debt.
“Its an all-in wager on the economic future of the United States,” Buffett said in the statement. Buffett added that the rising costs of oil would make rail freight more profitable against the rival truck-based freight.
Berkshire Hathaway already owned a fifth of the rail company, which is one of the few to have a nationwide network.
That network was itself created by mergers.
Berkshire Hathaway is based in Omaha, Nebraska, and largely concentrates on insurance and the financial sector under the leadership of the 79-year old Buffett.
Berkshire Hathaway stock is priced currently at around $100,000 a share - the most expensive on the New York Stock Exchange.
Friday, October 30, 2009
Obama appoints former Indian TV news anchor to key post
Washington, Oct 30 (IANS) US President Barack Obama has appointed Suresh Kumar, an Indian-American with expertise in public-private partnership who worked as a news anchor in India for 15 years, to a key administration post in the commerce department.
Kumar, currently president and managing partner of KaiZen Innovation, was nominated assistant secretary of commerce and director general of the United States and Foreign Commercial Service in the US Department of Commerce, the White House announced Thursday.
“I am grateful that these individuals will bring their energy and expertise to my administration and look forward to working with them in the months and years ahead,” Obama said about Kumar and another new appointee.
According to the White House, Kumar served as special advisor to the Clinton Foundation where he worked with governments in Sub-Saharan Africa and corporate CEOs to establish private-public partnerships to stimulate economic development in the region.
Kumar previously served on the Group Operating Committee at Johnson & Johnson and as vice president of Consumer Products for Latin America at Warner Lambert/Pfizer.
He has published on global management and served as adjunct faculty member at the Schulich School of Business at Toronto’s York University, Bombay University and has been appointed Professor of International Business at Rutgers University EMBA program.
Between 1970 and 1985, Kumar was a news anchor on national television in India. He has an economics degree from Delhi University, an MBA from Bombay University, and is alumni of the Thunderbird International Consortium Program
Kumar, currently president and managing partner of KaiZen Innovation, was nominated assistant secretary of commerce and director general of the United States and Foreign Commercial Service in the US Department of Commerce, the White House announced Thursday.
“I am grateful that these individuals will bring their energy and expertise to my administration and look forward to working with them in the months and years ahead,” Obama said about Kumar and another new appointee.
According to the White House, Kumar served as special advisor to the Clinton Foundation where he worked with governments in Sub-Saharan Africa and corporate CEOs to establish private-public partnerships to stimulate economic development in the region.
Kumar previously served on the Group Operating Committee at Johnson & Johnson and as vice president of Consumer Products for Latin America at Warner Lambert/Pfizer.
He has published on global management and served as adjunct faculty member at the Schulich School of Business at Toronto’s York University, Bombay University and has been appointed Professor of International Business at Rutgers University EMBA program.
Between 1970 and 1985, Kumar was a news anchor on national television in India. He has an economics degree from Delhi University, an MBA from Bombay University, and is alumni of the Thunderbird International Consortium Program
Wednesday, October 28, 2009
Shakeel Ahmed is new Hindustan Copper chief
Kolkata, Oct 28 (IANS) Public sector undertaking Hindustan Copper Wednesday said Railway Board advisor Shakeel Ahmed will be its next chairman and managing director.
Ahmed replaces Satish C. Gupta.
Prior to this, Ahmed was the projects advisor to the Railway Board. He joined the Indian Railways in 1975 and served for 34 years in various capacities, Hindustan Copper said.
Ahmed replaces Satish C. Gupta.
Prior to this, Ahmed was the projects advisor to the Railway Board. He joined the Indian Railways in 1975 and served for 34 years in various capacities, Hindustan Copper said.
Monday, October 26, 2009
Former Samsung chief found guilty over bond deal
Seoul, Aug 14 (DPA) A Seoul court Friday found Samsung Group’s former chairman Lee Kun Hee guilty of breach of trust over a bond deal and sentenced him to a suspended three-year prison term and a fine of 110 billion won ($89.2 million).
The Seoul High Court ruled that Lee caused damage to a Samsung company because he betrayed his duty over illegal sales of bonds in 1999 by Samsung SDS, an unlisted technology company, aimed at passing control of Samsung to his son Lee Jae Yong.
The judge said the charge that illegal sales of bonds at below market price incurred 22.7 billion won ($18 million) in losses at Samsung SDS was proved.
The judge said that considering his contribution to society, Lee would not have to go to jail if he stays out of trouble for the next five years.
The 67-year-old Lee has one week to appeal the verdict.
Lee, a South Korean business tycoon who succeeded his father who founded Samsung, is credited with the rise of Samsung group as a global player.
He has faced a series of litigations in the past few years.
Lee resigned as chairman of Samsung Electronics in April last year after he was convicted in 2008 of tax evasion.
The tax evasion and breach-of-duty charges date back to January 2008 when Samsung group’s former chief lawyer Kim Yong Chul alleged corruption at Samsung which led to an investigation.
The Seoul High Court ruled that Lee caused damage to a Samsung company because he betrayed his duty over illegal sales of bonds in 1999 by Samsung SDS, an unlisted technology company, aimed at passing control of Samsung to his son Lee Jae Yong.
The judge said the charge that illegal sales of bonds at below market price incurred 22.7 billion won ($18 million) in losses at Samsung SDS was proved.
The judge said that considering his contribution to society, Lee would not have to go to jail if he stays out of trouble for the next five years.
The 67-year-old Lee has one week to appeal the verdict.
Lee, a South Korean business tycoon who succeeded his father who founded Samsung, is credited with the rise of Samsung group as a global player.
He has faced a series of litigations in the past few years.
Lee resigned as chairman of Samsung Electronics in April last year after he was convicted in 2008 of tax evasion.
The tax evasion and breach-of-duty charges date back to January 2008 when Samsung group’s former chief lawyer Kim Yong Chul alleged corruption at Samsung which led to an investigation.
Subscribe to:
Posts (Atom)