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Goldman Sachs, Citigroup Global Markets, and four others on Friday bought shares of Amber Enterprises for Rs 210 crore through an open market transaction. Axis Mutual Fund (MF), Mahindra Manulife MF, Tata AIA Life Insurance and ICICI Prudential Life Insurance were the other entities, who have picked up stakes in Gurugram-based Amber Enterprises through separate block deals on the NSE.
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It follows calls from the Workers United union for higher pay and better conditions for Starbucks baristas.
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The workers' union warns the walkouts could spread to hundreds of cafes by Christmas Eve if Starbucks does not meet demands at the bargaining table.
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