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
MTS India MTS India Mobile TeleSystems India (MTS India), was the joint venture and Indian subsidiary of the Russian mobile operator MTS. The company was headquartered in New Delhi, India. MTS India provided wireless voice, broadband Internet, messaging and data services in India. On 1 November 2017, MTS India merged with Reliance communication. The company was acquired by Reliance Communications (RCom) on 14 January 2016 in an all stock deal, in which SSTL received a 10% share in RCom. SSTL was merged into RCom on 31 October 2017. Sistema, the largest public diversified corporation in Russia, acquired a 10% stake in Shyam