Tata Starbucks purchase the beverage based on January 2016 prices. The index published by US-based consumer research firm ValuePenguin found that a tall hot latte cost US$7.99 in India, far higher than the $2.75 it costs in the cheapest country, the United States, but much lower than the $12.32 in the most expensive country, Russia. As of October 2018, Starbucks operates 126 outlets in 10 cities of India. The 100th store came up at Kamala Mills in Mumbai. The Tata Group and Starbucks Corporation also collaborate on some ventures outside India. Starbucks Reserve Tata Nullore Estates, the first-ever Starbucks Reserve coffee sourced
History of the oil industry in India 1st August, 1977, it was renamed as Bharat Petroleum Corporation Limited. After India won independence in 1947, the new government moved to a Communist system, often termed as License Raj. In terms of economic policy this meant a far bigger role for the government and little or no role for the private sector. This resulted in a focus on centralized planning, heavily bureaucratic and inefficient system that meant a large public sector and economic protectionism. The foreign companies continued to play a key role in the oil industry. Oil India Limited was still a joint venture involving the Indian government