Tata Global Beverages merges international operations, outsources some backoffice jobs to TCS
Tata Global Beverages (TGB) has already exited its joint venture in China, recast its Russian model, and divested stake in its plantation in Sri Lanka. These measures will unlock business synergies, enable cost savings, allowing managers to focus on core business activities, the company said in a regulatory filing. Managing Director and CEO Ajoy Misra said that this recast would help the company focus better on core markets and leverage growth opportunities.
SOURCE: The Hindu