The interim test report of the samples of Coca-cola from the company's Plachimada plant in Kerala has revealed that the soft drink did not contain cadmium and the lead content was much lower than the permissible level.
Kerala local administration minister Cherkalam Abdulla said the government would take action against the Coco Cola plant at Plachimada if the unit was found causing pollution, but added nothing would be done under political pressure.
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.
Coca-Cola will complete the process of divesting 49 percent stake in Indian operations by Feb 28, with its bankers close to finalising the financial institutions and high-net worth private individuals with whom the shares will be placed.
In a 15-minute lecture at the Pravasi Bharatiya Divas, Tharoor said he was appalled at the manner in which some people were creating a ruckus in the name of sanskriti (culture).
The company said it is launching its new television commercial in India as part of the 'Brrr' campaign, which has run in around 41 markets across the globe.
In a move to become more accessible to the consumers, Coca-Cola has launched a toll-free consumer feedback number in the country.
The Supreme Court on Monday asked aerated drink makers PepsiCo and Coca Cola to file their replies within six weeks on the N K Ganguly Committee report that concluded cola drinks contained pesticide residues.
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.
Although both parties were tightlipped on the details of the lawsuit, which was served on the company's US subsidiary this week, sources in the know said its financial implications would be huge if the court verdict goes against Novelis.
Since he took over as president of Coca-Cola's India and Southwest Asia business a year ago, T Krishnakumar, popularly known as KK, has focused on bringing agility to the company amid heightened competition.
The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday.
Coca-Cola has received clearance from the government to manufacture energy drinks in the country.
The court upheld the contention of the two soft drink companies that the state government had no jurisdiction to impose a ban on manufacture and sale of their products.\n\n
Ringing in changes at key senior positions, Coca Cola India is in the process of repatriating Indians from overseas postings, including China, Sri Lanka, Denmark and Atlanta.
Twenty-five years on, Coca-Cola is involved in a new search. Arnab Dutta reports.
India's merchandise exports in October surged 42.33 per cent to $35.47 billion on the back of good performance by the engineering and petroleum sectors, as per provisional data released by the government on Monday. The exports stood at $24.92 billion in October 2020 and $26.23 billion in October 2019. "India's merchandise exports in October 2021 was $35.47 billion, an increase of 42.33 per cent over $24.92 billion in October 2020 and an increase of 35.21 per cent over $26.23 billion in October 2019," as per an official statement.
The Kerala State Pollution Control Board has ordered closure of soft drinks major Coca Cola's plant at Plachimada in Palakkad district.
"India is strategic market. We had announced an investment plan of $250 million, to be invested over the three years. Those plans are intact," Coca Cola India president and CEO Atul Singh told reporters. The company would continue to invest on infrastructure and bottling line as required, he added.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Soft drinks major Coca-Cola India will try to reach 40,000 villages this year as part of its strategy to penetrate rural market that is characterised by low per capita consumption of carbonated soft drinks
Coca-Cola Classic became the No.1 drink in the US with a sales of more than 1.6 billion cases sold in 2010.
India Inc is seeing yet another family feud - this time between Gujarat NRE Coke founder Girdhari Lal Jagatramka and his son-law, Ratan Lal Tamakhuwala, who owns Austral Coke.
Two O P Jindal group companies, JSW Steel and JSL Stainless, have entered into an agreement. JSL Stainless will produce coke for JSW Steel and the raw material to produce coke will be supplied by JSW.JSW Steel is promoted by Sajjan Jindal. His brother, Ratan Jindal, is managing director of JSL Stainless.
"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.
The Delhi high court on Wednesday stayed the government decision to destroy empty glass bottles of Coca-Cola not having the mandatory embossed declaration after the soft drink major gave an undertaking that it would not use them.\n\n\n\n
"The applicant during her employment with the respondents (Coca-Cola India) was grossly discriminated against on account of her gender, harassed, retaliated against for making a complaint and was coerced into leaving her gainful employment with the respondents and further she has been even pursued at her new workplace maliciously forcing the applicant to resign again," the petition filed through counsel Vikas Mehta stated.
Hindustan Coca-Cola Beverages Pvt Ltd has moved the Mumbai high court challenging the Maharashtra government's action of confiscating huge stock of its aerated water products.
Kerala Health Minister P Sankaran on Thursday said production and distribution of Coca-Cola would be stopped if the samples of the soft drink produced at the Plachimada plant in Palakkad district contained hazardous substances.
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