Charting out a new growth strategy for India, soft drinks major Coca Cola on Friday said it would turn to the country for its global services in different areas.
Taking cue from its Red lounge experience, which is popular amongst youth in the US and Singapore, Coca Cola is replicating the model in India with a pilot project in Pune.
Objective of the examination is to study the tax implications of such deals.
Coca-Cola's proposal for giving its shareholders differential voting rights after it recently completed divestment of 49 per cent equity in favour of resident Indians is still pending with the government, company sources confirmed on Thursday.
Following a global strategy to promote healthy beverages, Coca-Cola India is considering an entry into various new beverage segments such as juices in addition to sports and energy drinks.
Mature markets globally have either become saturated or have slowed down. The emerging markets have therefore become strategically important for these companies. The contribution of Indian operations to the global sales of these multinational behemoths is still small -- 1.5 to 3 per cent -- but this share is bound to grow given the buoyancy in the Indian market.
The fresh ban came after the government informed the high court last week that it had withdrawn its August 14 ban on the sale of soft drinks.
The ideological distance between people like him and the Left parties that espouse his cause is wider than the circumference of the earth.
Tata Tea, which sold its stake in US-based Glaceau last year, plans to begin selling a low-priced bottled water in the country through its unit Mount Everest Mineral Water, to take on global rivals such as Coca-Cola and PepsiCo in the Rs 1,500-crore packaged drinking water market."We want to do it quickly,'' Pradeep Poddar, managing director and CEO, Mount Everest, said. "The market is still very young and we can evolve it further through marketing new offerings."
Eleven lucky Indians will get an opportunity to watch a match as part of ESPN Star Sports' "Gyarah Hindustani" contest.
The Goan outfit's fifth win pushed them up to the fourth place in the points table in the National Football League.
Coca-Cola India's first corporate campaign isn't about the drinks.
The Kerala State Pollution Control Board on Wednesday said its sample analysis showed presence of cadmium in much higher concentration than permissible levels.
Dire warnings that the future wars will be fought over water may come true sooner than anticipated, albeit with a flavour. At least four behemoths, three of them multinationals, will soon mount an assault on the flavoured water market.
How five names in this year's rankings staged their turnarounds
With states in north India imposing stricter measures to curb intra-state movement after April 20, makers of summer products such as air conditioners, refrigerators, colas, and ice creams are estimating a 25-60 per cent drop in yearly sales.
