Sharma was speaking to reporters after Coca Cola Co chairman and CEO Muhtar Kent met him at his office.
Accusing the company of deceiving consumers into believing that VitaminWater provides remarkable health benefits by marketing, advertising and labeling the VitaminWater flavours with names, including 'defense', 'rescue' and 'energy', the Center for Science in the Public Interest said the drink was basically sugar water. Coca-Cola bought Glaceau's VitaminWater for $4.1 billion in June 2007.
India is trying to push a national goods and services tax (GST) through parliament that would replace a myriad of state sales taxes and shake-up government revenue.
Major corporate sponsors of the Tokyo 2020 Olympics are standing by the International Olympic Committee after the Games were postponed and experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements. Fourteen global companies including Coca-Cola Co, Procter & Gamble Co and Intel Corp spent $500 million this year and have committed close to $4 billion on multi-year contracts that designate them as top-tier sponsors, according to research firm Global Data.
Some analysts view as a microcosm of the US economy.
FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization, sports marketing experts said on Tuesday.
Behind the scenes, sponsors who have pumped billions of dollars into the Tokyo Olympics have grown increasingly nervous about how the coronavirus outbreak will impact the tournament.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Major football sponsors on Friday issued coordinated calls for the immediate resignation of FIFA president Sepp Blatter in the most significant move by companies supporting the sport since a bribery and corruption scandal erupted at world football's governing body last May.
Coca-Cola's acquisition of British coffee chain Costa, its biggest acquisition of a brand in history, faces three challenges in India.
World Cup sponsors are in an awkward position, experts said, because they are under pressure from consumers to distance themselves from any corruption, but such sponsorships are lucrative in the long term.
A summary of sports events and sports persons, who made news on Wednesday
Greg Abel and Ajit Jain would be prime candidates
US congressional leaders on trade and finance wrote to the US International Trade Commission calling for a second investigation into India's 'unfair' trade practices, detailing any changes under Modi.
Blatter quits FIFA; under investigation by US prosecutors, FBI.
Buffett gave no hints about who would succeed him and defended ties with Brazil's 3G Capital during the annual meeting
In an indictment released by the Department of Justice on Wednesday, Hawilla was one of four convicted defendants who helped US investigators build their case against 14 top global soccer officials and sports marketing executives accused of orchestrating more than $150 million in bribes and kickbacks.
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