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Time of India
2 days ago
- Business
- Time of India
BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Grocery delivery firm BigBasket has entered the rapid food delivery segment, providing 10-minute food delivery service in select locations in Bengaluru . It comes five months after cofounder and chief executive Hari Menon announced on X that the Tata Group-owned firm was expanding its services to food delivery in 2025. He had said in a post in December 2024 that BigBasket would increase its stock keeping units to more than 30,000 in all tier-1 cities, launch pharma deliveries with Tata 1mg, as well as launch a food delivery service. Currently, BigBasket's 10-minute food delivery includes items from Starbucks , a joint venture between Tata Consumer Products and Starbucks Corporation, and Qmin , a food delivery platform owned by Indian Hotels Company Limited (IHCL). Launched in 2020, Qmin is Tata Sons-owned IHCL's food delivery service, which has its own app allowing customers to order food from Tata-owned hotels and restaurants. The service also has Qmin cafe offering bakery and confectionery products along with beverage items across the country. There are 11 such cafes in Bengaluru. Under its 10-minute food delivery service, BigBasket is offering beverages such as coffee, tea and juice, snacks, meal bowls and desserts. ET had reported in February that Tata Sons wasn't too pleased with what it regarded as BigBasket's sluggish response to the rapid rise of quick commerce in the country. Tata Sons also indicated that BigBasket should seek external investors for a proposed round of $1 billion (Rs 8,556 crore) to mount a fightback in this segment, according to people aware of the matter. 10-minute food delivery race Meanwhile, the rapid food delivery segment is seeing increasing demand as quick commerce platforms Zepto (Zepto Cafe), Swiggy (Snacc) and Blinkit (Bistro) are expanding their services and offerings. During its earnings announcement for the fourth quarter of 2024-25, Zomato 's parent Eternal said that it was doubling down on Bistro, its in-house rapid food delivery service, and pivoting away from restaurant partnerships for this service. Bistro is being expanded across Delhi-National Capital Region, Bengaluru and Mumbai, according to people in the know. Bistro now runs more than 100 kitchens in these markets. Swiggy , on the other hand, is scaling up its 10-minute food delivery service Bolt , which relies on select restaurant partners offering limited menus. It also has an offering similar to Bistro, which is called Snacc. On May 23, ET reported that Zepto paused operations of its 10-minute food delivery vertical, Zepto Cafe, in several cities including Delhi, Agra, Chandigarh, Mohali, Amritsar and Meerut owing to supply chain issues. This impacted the operations of 44 Zepto Cafe stores.
Time of India
2 days ago
- Business
- Time of India
Commercial freezers are the hottest thing in town this summer
The demand for commercial refrigeration products such as deep freezer and bottle coolers or visi coolers in India has touched unprecedented levels, far outstripping supplies amid the quick commerce boom and cola war, said industry executives. Commercial refrigeration manufacturers such as Blue Star , Voltas and Haier said sales have been surging 25-50% year-on-year since January, after initial hiccups in the April-September 2024 period, when India adopted the quality control order (QCO) for products like water coolers which impacted the supply chain. The QCO issued by the Bureau of Indian Standards (BIS) mandates companies to source and manufacture products from BIS-certified companies, encouraging local production over exports from countries like China. "The cola war by Reliance's Campa, Coca-Cola and PepsiCo has boosted demand for visi coolers, with all our capacities sold out for the next five months and demand much more than we can supply," said Haier India president Satish NS. He said overall commercial refrigeration is growing 35% year-on-year, while visi coolers are seeing more than 50% expansion. Blue Star, too, has seen a sharp increase in demand for commercial refrigeration products from quick commerce, ice cream and frozen food companies with a strong order book. "The growth potential is very high as India is underpenetrated," said managing director B. Thiagarajan. He said the business has potential to grow at 30%. Reliance Consumer Products started the cola war in the second half of 2024-25 with aggressive pricing of '10 per 200 ml bottle and expanding distribution to kirana stores. The company said on its latest earnings call that Campa had already gained double-digit market share in some markets and had expanded distribution to more than a million retail stores. James Quincey, global CEO of The Coca-Cola Co, told analysts in May that about 350,000 outlets were added in India in the March quarter and the company increased cooler placements. The chairman of PepsiCo's top bottler in India, Varun Beverages , Ravi Jaipuria, too, said the increased competition was making the industry put in place more chilling equipment. Jaipuria told analysts there were around 12 million fast-moving consumer goods outlets in India, while the company reached only four million. "So there is still so much room for everyone to add new outlets through increased go-to-market and by putting in more chilling equipment," he said. The size of the commercial refrigeration market in India is estimated at around '4,500 crore and the growth rate is faster than for any electronics products such as televisions, smartphones, air-conditioners, refrigerators and laptops. The country's largest home-grown contract manufacturer, Dixon Tech , recently announced that it would start production of deep freezers and visi coolers. Tata-owned Voltas' chief financial officer KV Sridhar told analysts that the order book in the pipeline for commercial refrigeration products reflected huge growth potential with a ramp-up of factories.
Time of India
3 days ago
- Business
- Time of India
BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Live Events Grocery delivery firm BigBasket has entered the rapid food delivery segment, providing 10-minute food delivery service in select locations in Bengaluru It comes five months after cofounder and chief executive Hari Menon announced on X that the Tata Group-owned firm was expanding its services to food delivery in 2025. He had said in a post in December 2024 that BigBasket would increase its stock keeping units to more than 30,000 in all tier-1 cities, launch pharma deliveries with Tata 1mg, as well as launch a food delivery BigBasket's 10-minute food delivery includes items from Starbucks, a joint venture between Tata Consumer Products and Starbucks Corporation, and Qmin , a food delivery platform owned by Indian Hotels Company Limited (IHCL).Launched in 2020, Qmin is Tata Sons-owned IHCL's food delivery service, which has its own app allowing customers to order food from Tata-owned hotels and restaurants. The service also has Qmin cafe offering bakery and confectionery products along with beverage items across the country. There are 11 such cafes in its 10-minute food delivery service, BigBasket is offering beverages such as coffee, tea and juice, snacks, meal bowls and had reported in February that Tata Sons wasn't too pleased with what it regarded as BigBasket's sluggish response to the rapid rise of quick commerce in the country. Tata Sons also indicated that BigBasket should seek external investors for a proposed round of $1 billion (Rs 8,556 crore) to mount a fightback in this segment, according to people aware of the the rapid food delivery segment is seeing increasing demand as quick commerce platforms Zepto (Zepto Cafe), Swiggy (Snacc) and Blinkit (Bistro) are expanding their services and its earnings announcement for the fourth quarter of 2024-25, Zomato 's parent Eternal said that it was doubling down on Bistro, its in-house rapid food delivery service, and pivoting away from restaurant partnerships for this service. Bistro is being expanded across Delhi-National Capital Region, Bengaluru and Mumbai, according to people in the know. Bistro now runs more than 100 kitchens in these on the other hand, is scaling up its 10-minute food delivery service Bolt, which relies on select restaurant partners offering limited menus. It also has an offering similar to Bistro, which is called May 23, ET reported that Zepto paused operations of its 10-minute food delivery vertical, Zepto Cafe, in several cities including Delhi, Agra, Chandigarh, Mohali, Amritsar and Meerut owing to supply chain issues. This impacted the operations of 44 Zepto Cafe stores.
Time of India
27-05-2025
- Business
- Time of India
Airbus-Tata Chopper Unit Lands in Karnataka
Airbus, the European aerospace major, and Tata Advanced Systems (TASL), the aerospace arm of the nearly $400-billion Tata Group, have decided to set up the final assembly line (FAL) for the H125 helicopters at Kolar in Karnataka, people aware of the developments told ET. The facility will be India's first privately led helicopter assembly line, boosting the Make-in-India programme that also seeks self-reliance in aerospace manufacturing as a key objective of the dedicated scheme, experts said. The factory will produce Airbus' best-selling H125 helicopter from its civil range for India and the neighbouring countries, said the people cited above. It will be the fourth such facility in the world — after France, the US and Brazil. Karnataka beat other prospective locations, such as Andhra Pradesh, Gujarat, and Uttar Pradesh, because of the southern state's established ecosystem in aerospace manufacturing. HAL, which began more than eight decades ago and is the fourth-biggest aircraft maker in the world by market capitalisation, is based in the state. 'The locations were examined based on their logistics facility, expansion potential, availability of skilled workforce, and promises from the state government, like fast-track approvals,' said one of the people aware of the developments. People involved in the project said the plant will be set up in the Vemgal Industrial area, around two hours from Bengaluru. It already houses other facilities of TASL, including a satellite manufacturing plant. Spokespersons at Airbus and TASL didn't respond to ET's queries on the subject. Gunjan Krishna, commissioner for industrial development and director, industries department, Karnataka, declined to speak on the subject, saying the discussions were confidential. Anantapur in Andhra Pradesh, which gained international recognition after becoming home to Kia Motors' manufacturing unit, was a strong contender. Yet, Karnataka was chosen due to its strong ancillary support ecosystem besides being a hub for TASL. The proposed facility will start with a production capacity of 10 helicopters per year but will see expansion as Airbus has projected a demand for 500 light helicopters of the H125 class in the country and South Asia in the next 20 years. The Tata-owned company recently acquired 740,000 sq ft plot in Karnataka's Vemgal Industrial Area for the establishment of an aircraft manufacturing and final assembly line, including Maintenance, Repair, and Overhaul facilities. An official, on the condition of anonymity, said Vemgal has potential for expansion, including housing helipads necessary for a final assembly line for testing of aircraft before delivery. Besides that, the state as part of its aerospace and defence policy has also promised subsidies on land, including capital investment, stamp duty, incentives in electricity charges and production-linked benefits of 1% of annual turnover for a period of five years.
Economic Times
26-05-2025
- Business
- Economic Times
Karnataka wins Tata- Airbus helicopter manufacturing unit
Airbus and Tata Advanced Systems will establish an H125 helicopter final assembly line in Kolar, Karnataka, marking India's first private helicopter assembly facility. This initiative supports the Make in India campaign, aiming for self-reliance in aerospace manufacturing. The plant will produce helicopters for India and neighboring countries, with potential expansion to meet projected demand. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads ( Originally published on May 26, 2025 ) European aviation major Airbus and Tata Advanced Systems (TASL), the aerospace arm of the Tata group, will set up the Final Assembly Line (FAL) for the H125 helicopters for the Indian Air Force (IAF) in Kolar Karnataka , people aware of the development facility is India's first privately-led helicopter assembly facility and is a shot in the arm of the government's Make in India campaign as part of which the government is trying to build self-reliance in aerospace manufacturing The factory will produce Airbus' best-selling H125 helicopter from its civil range for India and the neighbouring countries and will be the fourth such facility in the world after France, US and Brazil. It will start with a production capacity of 10 helicopters per year but will see expansion as Airbus has projected a demand for 500 light helicopters of the H125 class in the country and south Asia in the next 20 people quoted above said that the plant will be set up in the Vemgal Industrial area which is around two hours from Bengaluru and already houses other facilities of TASL including a satellite manufacturing of Airbus and TASL didn't reply to queries. Gunjan Krishna, commissioner for industrial development and director, industries department of Karnataka refused to speak on the topic as the discussions were they said, was chosen among multiple other locations in Andhra Pradesh, Uttar Pradesh and Gujarat due to the state's established ecosystem in aerospace Anantapur in Andhra Pradesh which gained international recognition after becoming home to Kia Motors' manufacturing unit was a strong contender, Karnataka was chosen due to its strong ancillary support ecosystem besides being a hub for TASL which will build the Tata-owned company recently acquired 7.4 lakh sq. ft. plot in Karnataka's Vemgal Industrial Area for the establishment of an aircraft manufacturing and final assembly line, including Maintenance, Repair, and Overhaul (MRO) facilities.'The locations were apprised based on their logistics facility, expansion potential, availability of skilled workforce and promises of the state government like fast track approval of permissions,' a person involved in the project said that Vemgal has potential of expansion including setting up of helipads which is a must for a final assembly line for testing of aircraft before that the state as part of its aerospace and defence policy has also promised subsidy on land including capital investment, stamp duty, incentives in electricity charges and production linked incentives of 1% of annual turnover for a period of 5 years.'This will not only strengthen indigenous manufacturing capabilities but also act as a catalyst for developing advanced industrial clusters," said Aravind Melligeri, executive chairman & CEO, Aequs a major aerospace manufacturer which counts Airbus as a like this drive skill development, attract supply chain investments, and create high-value employment, accelerating the transformation of India into a globally competitive and strategic node in global aerospace manufacturing,'Tata and Airbus are also setting up a final assembly line for the C295 aircraft in Vadodara, Gujarat. Gujarat has recently bagged multiple high-ticket investment projects including multiple semiconductor plants, C295 aircraft and the international diamond bourse leading to accusations from opposition political leaders that the state was being favoured by the central government.
