'Indian coffee retail market is set to grow at 40 ... - Business Economics

Posted by admin on May 21, 2012 in Industry | 0 comments

Nilanjan Bhattacharya,
COO, India and SAARC of Barista Lavazza

Coffee consumption is increasing annually and is trending at 5% year-on-year. The growing acceptance of coffee coupled with ?third home? caf? culture among the middle-class audience in India is spearheading the out-of home consumption of this beverage in this traditionally tea-drinking country.

What are the prime reasons behind the increasing caf? culture in India?

The rise in caf? culture is attributed to lifestyle changes. Consumer acceptance and the urge to experiment with new products have driven growth in the consumption of coffee market and caf? culture in India. Today, the role of a caf? depends on the customer index. It can act as a hangout place, a meeting spot, a reunion joint. For some, it is their third place with which they begin and end their day.

How has the growth of caf? retail business in India been? How do you foresee its growth in the coming couple of years?

Coffee consumption is increasing annually and is trending at 5% year-on-year. The growing acceptance of coffee coupled with ?third home? caf? culture among the middle-class audience in India is spearheading the out-of home consumption of this beverage in this traditionally tea-drinking country. This consumer acceptance is actually driving growth in consumption as well as the caf? culture marking almost 1600 stores in the last 10-12 years.

Do you think that Indian caf? retail has global potential? What is the market potential in the country?

India is primarily a tea drinking nation where the coffee to tea ratio is about 1:7 and coffee consumption is still 80 grams per capita as against six kg per capita in Italy. In spite of this skewed ratio, coffee consumption is increasing annually and is trending at 5% year-on-year.

Definitely, Indian caf? retail has global potential. Indian coffee retail market is set to grow at 40% per annum. There has been a significant change in the attitude of consumers over the years and this is mainly leading to the growth of cafes in India.

Who are your frequent customers?

True connoisseurs of coffee; consumers who can distinguish between a coffee and an Italian coffee.

Do you offer any other services like book reading, music, etc. to make your caf? more attractive?

Barista Lavazza believes in giving a holistic ?experience? to its customer. We constantly keep on exploring customer engagement programme on regular intervals with activities like Friendship Jam, Scrabble, Guitars, etc. This engagement is further extended though a range of various in-store promotions with the objective of bringing something new and fresh to our guests experience.

Are you using recycled paper cups or earthen mugs to replace plastics containers? If yes, how do customers accept such environment friendly initiative?

Yes, we use recyclable paper for Barista Lavazza carry bags, napkins, paper cups, take way glasses, etc.

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What jobs are available with a degree in business management ...

Question by pink_love_77: What jobs are available with a degree in business management?
I?m researching jobs for my enrichment class project and I?m looking in the business field. What would the available jobs be with a degree in business management?

Best answer:

Answer by Kim W
My kid finished a degree in business management (operational) but I say this, they put you in training anyway as assistant manager and now she is going back to finish a masters in that because you need that to get the larger salaries, sorry to say.

What do you think? Answer below!

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Landmark deal will end the Afghan War for the West

CHICAGO (Reuters) - NATO mapped an "irreversible" course out of Afghanistan on Monday but President Barack Obama admitted the Western alliance's plan to end the deeply unpopular war in 2014 was fraught with risk.

A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left major questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone.

The two-day meeting of the 28-nation military bloc marked a milestone in a war sparked by the September 11 attacks that has spanned three U.S. presidential terms and even outlasted al Qaeda leader Osama bin Laden.

Obama and NATO partners sought to show their war-weary voters the end is in sight in Afghanistan - a conflict that has strained Western budgets as well as patience - while at the same time trying to reassure Afghans that they will not be abandoned.

Alliance leaders acquiesced to new French President Francois Hollande's insistence on sticking to his campaign pledge to withdraw French troops by December 31, two years ahead of NATO's timetable. While there was no sign this would send other allies rushing for the exits, leaders could face pressures at home.

"We are now unified behind a plan to responsibly wind down the war in Afghanistan," Obama told the summit's closing news conference.

But despite a face-to-face encounter with Pakistan's president, Obama failed to resolve a dispute overhanging the summit - Islamabad's refusal to reopen supply routes to NATO in Afghanistan seen as vital to an orderly withdrawal.

The summit's final communiqu? ratified plans for the NATO-led army to hand over command of all combat missions to Afghan forces by the middle of 2013 and for the withdrawal of most of the 130,000 foreign troops by the end of the following year.

The statement deemed it an "irreversible" transition to full security responsibility for fledgling Afghan troops, and said NATO's mission in 2014 would shift to a training and advisory role. "This will not be a combat mission," it said.

Doubts remain, however, whether Afghan forces will have the capability to stand up against a still-potent Taliban insurgency that Western forces have failed to defeat in nearly 11 years of fighting.

"Are there risks involved?" Absolutely," Obama conceded to reporters, saying the Taliban remained a "robust enemy" and that NATO's gains on the ground were still fragile.

Obama, who has steadily narrowed his goals in Afghanistan since taking office in 2009, said: "We can achieve a stable Afghanistan that won't be perfect ... and we can begin rebuilding America."

With an eye to the November presidential election, Obama has made winding down the decade-old Afghan war a campaign theme his aides hope will help ease voter anguish over a slow U.S. economic recovery and stubbornly high unemployment, the electorate's top concerns.

"TERRORIST THREAT"

While Obama insisted Afghanistan should never again be used to plot attacks on other nations, a senior British official said: "It is unrealistic to assume that Afghanistan is going to be completely secure and there is no possibility of a terrorist threat re-emerging."

Obama spoke of "diligent progress" but no breakthrough with Pakistani President Asif Ali Zardari on the supply lines issue after they spoke briefly on the sidelines of the summit.

Frustrated NATO officials have also been trying to persuade Pakistan to reopen its territory to NATO supplies, which Islamabad has blocked since NATO forces killed 24 Pakistani soldiers in a cross-border incident last year.

With Europe's debt crisis hanging over the summit and many member-governments limited by austerity budgets, Obama also struggled to pin down final commitments from allies for the $4.1 billion a year needed to support Afghan security forces.

The funding - which will undergird Afghan's capacity to fight the Taliban and is considered vital to a smooth NATO departure - was not expected to be fully realized at the summit, but alliance officials believe it will eventually be provided.

NATO diplomats said thinking had moved to the logistical challenge of getting a large multinational army out of the Afghan mountains and deserts and back home safely.

As Zardari, an uneasy U.S. partner, sat with other leaders around a circular table, Obama pointedly thanked Afghanistan's neighbors who have allowed expanded shipments of war supplies since Pakistan closed off ground routes to NATO truck convoys.

The U.S. commander in Afghanistan, General John Allen, told Reuters he was confident a deal would eventually be struck, but "whether it's in days or weeks, I don't know."

NATO is seeking to compensate in the meantime with a framework agreement with Afghanistan's northern neighbor, Uzbekistan, to allow "reverse transit" of NATO supplies from Afghanistan.

Friction remains between NATO and Pakistan over Taliban guerrillas who are still finding sanctuary in Pakistan, in spite of Islamabad's professed support for the alliance's mission.

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Solid Advice When Trying To Invest In Commercial Real Estate | Key ...

20 May 2012

Posted by Dennis under: Key West Commercial Real Estate .

Look into the neighborhood you?re planning on buying property in. For example, if you?re offering high-priced goods or services, you might want to purchase property in wealthier areas where people are likely to be able to afford to buy from you. If your business services will do better in a poor neighborhood, buy property there!

Bugs and rodents are always looking to ruin your property, so factor pest control into your business strategy when renting commercial property. If you are renting in an area that is known to have a lot of rodents, pests, or bugs, then ask your agent what the policies on pest control are.

Understand that properties won?t just sustain themselves. A lot of people will completely ignore the fact that they may have to spend big money in maintaining the property. Make sure that you don?t fall into this trap. The building might need to have its roof replaced, or have the electrical wiring brought up to code. All buildings periodically need maintenance and remodeling. Make certain you are prepared to deal with these issues long range.

Before initiating a purchase, be sure that you are negotiating with a customer-focused company. If you do not take the time to be sure they are a good company, you run the risk of entering into a bad deal.

Now you are better informed about commercial real estate. If you were comfortable in your level of knowledge before, you should be practically bursting with confidence now! These tips will provide you with new ways to get started, and enhance your current commercial real estate system so you can increase your results.

For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com

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Dewey May Go For Bankruptcy Filing | Finance Enquiry Stock News

New York, May 19 (FinanceEnquiry.com) - According to people familiar with the matter,distressed law firm Dewey & LeBoeuf is looking to file for bankruptcy as new debt holders take a more hardened approach, moving away from earlier stance of at an out-of-court liquidation.

In 2012 through mid May 12, approximately 200 of the 300 total partners have left the firm as a result of concerns about compensation, and $225 million in bank loans and bond debt.

Creditors who have acquired Dewey's distressed debt at a discount on the secondary market would likely want to see the firm wound down in bankruptcy court rather than out of it.

With the emergence of new creditors, Dewey on Tuesday brought in new restructuring adviser Zolfo Cooper, at the expense of Development Specialists Inc (DSI).

Bill Brandt, chief executive of DSI, confirmed that his firm's involvement in the matter was coming to an end. 'Our firm is transitioning out,' Brandt said. 'We've been replaced by Zolfo at the insistence of the debt holders. It now becomes a creditor-driven case.'

The timing of any potential filing including a bankruptcy filing remains unclear. The firm has been holding talks with restructuring lawyers since April and has retained bankruptcy counsel, Albert Togut of law firm Togut Segal & Segal.

Neither Togut, Stephen Horvath III, Dewey's executive partner nor Janis Meyer, its general counsel, offered any comment.

In 2011-12, the firm's financial difficulties and indebtedness became public, and have occurred at the same time as significant numbers of partners departed, and an investigation by the New York District Attorney into alleged false statements by firm chairman Stephen Davis.

Once one of the largest law firms in the United States, Dewey & LeBoeuf on May 4, sent 'conditional advance notice' to all US employees under the Federal WARN Act that their employment may be terminated. The letter advised all employees of their rights under Federal and New York State law in the event of termination. The letter provided the firm's first formal acknowledgment to employees that the firm could ultimately close.

To further aggravate matters, lawsuits are also piling up against Dewey. The firm on Monday was sued by the US Pension Benefit Guaranty Corporation in Manhattan federal district court in order to take control of three of the firm's pension plans, which the agency said were underfunded by $80 million.

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How To Turn PVC and Hairspray Into a Force of Destruction [How To]

Wish you had a way to fire projectiles in your backyard but lack a firearm and/or the proper permit? Not a problem! With $40 in plumbing supplies and an hour of your time, you too can launch Russets with extreme prejudice. More »

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76ers stun Celtics 92-83 in Game 4 to even series

Boston Celtics guard Rajon Rondo (9) shoots as Celtics forward Kevin Garnett (5) and Philadelphia 76ers forward Lavoy Allen (50) wait under the basket in the first half of Game 4 of an NBA basketball Eastern Conference semifinal playoff series on Friday, May 18, 2012, in Philadelphia. (AP Photo/Alex Brandon)

Boston Celtics guard Rajon Rondo (9) shoots as Celtics forward Kevin Garnett (5) and Philadelphia 76ers forward Lavoy Allen (50) wait under the basket in the first half of Game 4 of an NBA basketball Eastern Conference semifinal playoff series on Friday, May 18, 2012, in Philadelphia. (AP Photo/Alex Brandon)

Boston Celtics guard Rajon Rondo (9) drives against Philadelphia 76ers guard Jrue Holiday (11) in the first half of Game 4 of an NBA basketball Eastern Conference semifinal playoff series on Friday, May 18, 2012, in Philadelphia. (AP Photo/Alex Brandon)

Boston Celtics forward Paul Pierce (34) drives past Philadelphia 76ers forward Andre Iguodala, left, in the first half of Game 4 of an NBA basketball Eastern Conference semifinal playoff series on Friday, May 18, 2012, in Philadelphia. (AP Photo/Alex Brandon)

PHILADELPHIA (AP) ? Andre Iguodala squared up for a 3-pointer from the wing like he had hundreds of times in his career.

This shot was different from all the others.

Iguodala continued a postseason where his final numbers don't pop on the box score, but the buckets are as pivotal as they get. He snapped a tie game with five straight points in the final 90 seconds to help the Philadelphia 76ers storm back from 18 points down in the third quarter and stun the Boston Celtics 92-83 on Friday night in Game 4 of the Eastern Conference semifinals.

The young Sixers were a team reborn in the second half and played like a squad that refused to roll over for the championship-tested Celtics.

"I don't even know where to start," Philadelphia coach Doug Collins said. "Our guys are pretty amazing. They really are."

Iguodala certainly has been.

One of the more maligned athletes in recent Philadelphia history, he's changing his reputation one fourth-quarter point at a time.

Iguodala put the Sixers ahead 85-83 with a step-back jumper over a flailing Ray Allen with 1:22 left. Then he took the feed from a driving Williams and buried a 3-pointer for a five-point lead.

Game over.

"That's not the first time he found me in that same exact spot," Iguodala said. "Just not as big a platform as it was tonight. But it worked out for us."

With the huge comeback, the Sixers tied the series at 2-2 and guaranteed a return home for one more game.

Game 5 is Monday in Boston.

They can thank Iguodala, Lou Williams, Evan Turner and Lavoy Allen for an unforgettable second half that left the Celtics purely dazed following an outcome that hardly seemed possible when Boston led 14-0 to start the game.

Iguodala and Turner scored 16 points. Williams scored 13 of his 15 points in the second half. Allen grabbed 10 rebounds.

Kevin Garnett had his first miserable outing ? finishing with nine points ? in an otherwise monster series. With Garnett in a funk, so were the Celtics.

Garnett, who turns 36 on Saturday, missed nine of 12 shots. He had little help from an offense that sputtered after the sizzling start. Paul Pierce scored 24 points and Rajon Rondo had 15 points and 15 assists.

"We had a team down and we didn't finish them off," Garnett said. "It's pretty disappointing. So, we have to go back home. They did what they needed to do to protect their home court, now we have to go do the same thing."

The Sixers just kept attacking, turning a first half of airballs, botched dunks and sloppy defense into a full-blown display of near-flawless basketball.

Thaddeus Young's thunderous slam tied the game at 63 in the middle of the fourth. And when Jodie Meeks drained a 3-pointer on the Sixers' next trip down the court for Philadelphia's first lead a packed crowd of 20,411 fans stomped their feet and unleashed two hours of pent-up jubilation.

Williams hounded Pierce and forced a turnover, fed the ball to a streaking Turner for a dunk and put the lead at 68-65.

It was that kind of hustle that brought the Sixers back.

After Garnett blocked Allen's shot, Young snagged the ball out of the air and scored to make it 74-all.

"In the second half, they came out and used the energy of their crowd, and we just didn't respond," Pierce said.

Game 4 came down to young legs, fresh enthusiasm and untested big-game experience vs. aging, championship-tested stars fighting for another title.

Give the edge to the Sixers.

Iguodala has become a fan favorite with a clutch postseason. He sank the winning free throws in Game 6 to finish off the top-seeded Chicago Bulls in the first round.

And it was Iguodala who finished off the Celtics in Game 4.

The Celtics look primed for a blowout victory after the first 10 minutes of the game. They hold out hope a trip back to Boston can make them forget about this collapse.

"I thought we lost the composure, and once we did, we never really returned to playing basketball the way we played in the first half," coach Doc Rivers said. "They pressure. They took us out of a lot of stuff."

Philadelphia CEO Adam Aron tweeted at the break, "This will have to be one of the best come backs ever for the (at)Sixers."

Down 15 at the half, the under-25 Sixers found their spark, their legs and their shooting touch to crank up the pressure on the Celtics.

Williams hit a 3, Iguodala hit a 3, and Williams converted a three-point play to make it 58-54. Williams stood on the free-throw line with the widest smile of anyone in the building and calmly sank the deficit-slicing free throw.

Meeks, a starter-turned-sub, stole an errant pass and scored his first bucket of the game to make it 63-59 at the end of the quarter.

The 76ers' 10 baskets in the third were one more than their total for the entire half and their 28 points were three shy off their halftime total.

"We're just going to keep fighting," Collins said. "That's what we do."

The Sixers had vowed they would be a more determined team after the veteran Celtics dismantled and demoralized them on their home court in Game 3.

The Sixers said after the 16-point loss they would return more focused to prevent another hot Celtics' start that took them out of the game and sucked the atmosphere out of the Wells Fargo Center.

The Celtics squashed that attitude moments after the opening tip before thousands of fans had taken their seats.

Pierce and Avery Bradley hit 3-pointers, Garnett hit a pull-up 20-footer and the Celtics raced to a 14-0 lead only 3? minutes into the game.

The Sixers truly couldn't find their footing. Young bounced the ball off his sneaker on a drive down the lane, and Pierce converted on the other end for an 18-3 lead.

The Celtics could never find that extra scoring boost to truly put away the Sixers. Rondo, Garnett and Allen all had quiet first 24 minutes and the Celtics let the lead drop to seven.

Rondo scored an uncontested bucket coming out of a timeout to end the half and put the Celtics up 46-31.

"That was probably the worst we could shoot," Iguodala said. "They were playing as good as they could play and we were shooting poorly."

Boy, did it ever work out in the end.

Notes: The 76ers are 4-1 at home in the postseason. ... The Sixers are 3-3 this postseason trailing by double-digits after a 5-23 mark in the regular season. ... The Sixers outscored Boston 34-26 in the paint.

Associated Press

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