Veteran industrialist Ramesh Chauhan on Thursday said he is scouting for a buyer for his packaged water business Bisleri International and is in talks with several players, including Tata Consumer Products Ltd. However, the 82-year-old pioneer of the Indian packaged water business denied a report that a Rs 7,000 crore deal has been finalised with Tata Consumer Products Ltd (TCPL). When asked if he is selling his Bisleri Business, Ramesh Chauhan answered in the affirmative.
Maaza, a desi mango fruit-based drink owned by Coca-Cola, has touched the milestone of becoming a billion-dollar brand in 2024, its Chairman and CEO James Quincey has said.
Bisleri International to launch a fizzy mango drink called Fonzo in April
"We are working on getting into the Gulf countries. We are currently finding ways how we should get into those markets," Bisleri International Chairman Ramesh Chauhan said, but did not give details such as the timeline and investment required for the project.
Ramesh Chauhan's Bisleri comes out with a new brand of natural mineral water sourced from a spring in Uttarakhand to take on Tata Tea's Himalayan.
"If Bisleri does not receive this compensation, we will take legal action against Coca-Cola for violating the contract and the Trade Related Aspects of Intellectual Property Rights agreement," Chauhan, chairman and managing director of Bisleri, India's leader in packaged-drinking water and creator of the Maaza brand, told Business Standard.
Bottled water major Bisleri said on Thursday many parties had shown interest in acquiring the brand but denied that it was up for sale.
When asked whether there was any information about Amol, Chauhan said, "All we know is that the plane has gone missing. We have not heard anything else yet."
Parle Bisleri Pvt Ltd, the packaged drinking water maker, has planned a foray into the domestic fruit juice market and earmarked an investment of Rs 100 crore (Rs 1 billion) for the upgradation of its Chittor plant and setting up of a new facility.
The girl was raped in the ICU of the hospital, where authorities do not allow relatives of the patient to stay back in the night.
Despite the onslaught of international brands -- Coke and Pepsi -- the fizz has not gone out of India's very own cola brand, Surajeet Das Gupta.
India's largest cola brand Thums Up to make international debut in March
The beverage is mainly targeted at the upwardly mobile youth and will be available in 250 ml cans and 300 ml per bottles, both priced at Rs 50.
The region constituted more than 31percent of the segment's total sales volume in 2016.
When Syed Firdaus Ashraf received messages last weekend, asking him to boycott Chinese goods, he laughed.
Samples of Mother Dairy milk last week were found to be contaminated.
With Maaza, which already has the biggest share in mango beverages in the Indian market, Coke is betting on a winning horse, say experts.
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Bajaj Auto, said the company might re-enter the scooter market and if and when it does, the iconic Chetak might be revived.
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