Coca-Cola India said on Wednesday that the company's Atlanta-based parent has invested $100 million this year to hike bottling capacity, increase the number of distribution outlets and improve efficiencies.
Coca-Cola pledged on Tuesday to conserve seven of the world's most critical river basins under a $20 million plan but skipped India, where it faces protests for allegedly depleting ground water.
Its goodbye to Coke and Pepsi at the Banaras Hindu University campus in Varanasi. The university has banned these drinks on its campus from August 1, 2007.
India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
The nearly Rs 15,000-crore India unit of Coca-Cola derives the bulk of its revenue from its core business of selling cola drinks
Amidst concerns over growing obesity among children in the country, American American Beverage Association (ABA), a trade body, has said its members will only stock bottled water and 100 per cent juice in vending machines in elementary schools.
The Supreme Court on Monday stayed contempt proceedings against Coke and Pepsi in the Rajasthan high court for their failure to implement the court order to declare contents of their soft drinks.\n\n
Globally, Coca-Cola offers Fanta in various fruit-based formats. Apple, Strawberry, Pineapple and Creaming soda are a few of the 90 variants that are available in different markets, apart from orange.
More than 2,800 jobs will be axed as Tata Steel plans to close its blast furnaces at the Port Talbot plant in South Wales in the UK. Of the total job cuts, 2,500 will be in the next 18 months, said Indian conglomerate Tata. A further 300 jobs are to go in three years.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
Master blaster Sachin Tendulkar is understood to have finalised a three year endorsement deal estimated around Rs 20 crore with beverage major Coca Cola, after rival PepsiCo dropped him about two-and-half years back.
When Kapil's Devils won the World Cup in 1983, cricket was still one of the sports in India and a champion team needed a true blue cricket fan Lata Mangeshkar to hold a concert so that each member could earn Rs 1 lakh.
Coca Cola is planning more investments in India on top of its Rs 1000 crore budget for this market. The incremental investment will be made in the next three years. This is with the view of making India amongst Coke's top five markets. Coke regards India as a 'profitable' venture that is adding to the balance sheet of the global giant. India is currently at number 17 in the list of countries where Coke is present and had emerged among the best markets for Coke during 2007.
This is going to be the lowest price for a Coke product in the non-returnable ready-to-drink category.
Pepsi and Coca-Cola India have been asked to depose before the joint parliamentary committee probing pesticide allegations in beverages on December 16 and 17, respectively.
With temperatures beginning to rise already, soft drink giants Coke and Pepsi are evaluating the options of launching iced tea and cold coffee through vending machines, apart from dispensing hot beverages.
Having bucked the slump, Coca-Cola India's growth continues to be robust. Atul Singh, CEO & president of the company, is betting big on the country's potential to emerge as its top five markets in the world.
Delhi high court on Monday restrained Coca-Cola from airing its Thums Up and Sprite commercials featuring film actor Salman Khan holding that the promos were intended to depict Pepsi as an inferior drink.\n\n
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Coca-Cola India said on Tuesday its dispute with brand ambassador Sushmita Sen was only with regard to 'celebrity engagement' contract and not on any sexual harassment issue and that both parties had reached a mutually agreed settlement.
Exports contracted by 2.6 per cent to $34.47 billion in September even as the country's merchandise trade deficit narrows to $19.37 billion during the month under review, according to the government data released on Friday. Easing commodity prices helped in cutting down the country's import bill by 15 per cent to $53.84 billion in September, the 10th consecutive month of decline. During April-September this fiscal, exports contracted by 8.77 per cent to $211.4 billion.
Coke to invest $250 m in India in 3 years
There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating profit margin of 8 per cent.
Accusing Pepsi and Coke of trying to escape from their responsibilities, a leading consumer organisation, the Consumer Unity and Trust Society, said it would move the apex consumer court, seeking the withdrawal of soft-drinks and a ban on their sale.
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
The red carpet at the British Fashion Awards 2022 saw a parade of flawlessness.
Coca-Cola India on Wednesday said it has reduced the overall costs by up to 40 per cent per case over the last three years and that the launch of smaller five-rupee pack has reaped rich dividends in terms of sales.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
Rising prices of international coal - both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said brokerages.
Sarkar made his directorial debut with Parineeta in 2005. He also directed Laaga Chunari Mein Daag (2007), Lafangey Parindey (2010), Mardaani (2014) and Helicopter Eela (2018).
Villagers and activists had long been alleging over-exploitation and pollution of groundwater and soil by the unit.
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
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