Heralding the cut-throat summer competition in soft drinks, Pepsi said on Tuesday that it has slashed prices of its 300 ml returnable glass bottles to Rs 6 in the capital and this price cut may be extended to other markets.
While the company would expand footprint of its existing products, there are several markets where the per capita consumption of Pepsi's products is low.
The Supreme Court held that Pepsi Foods was liable to pay duty to the government from the royalty it collected from bottlers for using the brand name "Lehar" in addition to the excise duty it pays on the income from sale of the beverage concentrate.
Soft drinks and foods major Pepsico India Holdings Pvt Ltd has applied to the Foreign Investment Promotion Board to invest an additional $200 million (around Rs 950 crore) as equity in its Indian operations.
'I'm not jealous anymore. But sometimes I am, when I'm not part of that project.'
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.
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.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
'The focus on easier access and faster delivery is creating a new consumption pattern that allows consumers to satisfy their last-minute cravings and restock essentials at the click of a button.'
Campa is set to take on its competition, which pushed it out of the aerated drinks business in the late 1990s, but this time with a new owner - Reliance Industries. Campa's entry comes at a time when aerated drinks as a category is already saturated. But experts say this could give rise to competition in the segment, eventually causing the space to grow.
'There was so much grace, depth and serenity in him.'
Indian IT services companies have seen several CEO changes that have, over the past few months, led to some crucial exits at the mid-senior level in a trend that is likely to continue. According to a recent Motilal Oswal report, "Movement of mid-to-senior leadership at IT services firms is a reality, partially on account of multiple CEO-level changes.
Indra Nooyi, the only female representative in the ICC's Board of Directors, has decided to recuse herself from the upcoming sale of its media rights process as she is also a member of potential digital rights bidder Amazon's board.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
Starbucks' new Indian-origin CEO Laxman Narasimhan has said he will work as a barista once a month in stores to stay close to the company's culture, customers, challenges and opportunities.
Wojcicki, 54, said in her blog post that she will focus on "family, health, and personal projects I'm passionate about." Wojcicki, who was previously a senior vice president for ad products at Google, became CEO of YouTube in 2014.
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.
'Working with him is like deep sea diving.' 'He is an ocean into which you keep diving, discovering something new every time.'
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
Salman Khan is so neck deep in his formulaic rut that the only way he knows out is to dole out some more of the bunk. Except now, the swagger has traded places with desperation, notes Sukanya Verma.
'I am still the girl who grew up in a close family in Madras, in the South of India, and I am deeply connected to the lessons and culture of my youth. I am also the woman who arrived in the US at age twenty-three to study and work and, somehow, rose to lead an iconic company, a journey that I believe is possible only in America. I belong in both worlds,' says the ex-Pepsico chief in her memoir
...followed by financial services, IT, and sales and marketing.
While Coca-Cola India improved its profit margin during the year, arch rival PepsiCo's margin was far lower. Coca-Cola India, which does not manufacture or market any products, gets majority of its revenue from royalty incomes against ownership of formulations for key products. Over the years, PepsiCo's operating revenue has come down significantly, as it kept divesting bottling plants to its franchise partners.
Should we not stop uncritically celebrating NRIs' elevation without regard to what kind of companies they are getting to run, and the nature of their products or business practices, asks T N Ninan.
With support from other farmer organisations and activists, including RSS-affiliate Bharatiya Kisan Sangh, the potato growers have not only sought compensation but also called for boycott of the food giant's products.
Indra Nooyi, the former chairperson and CEO of PepsiCo, has said that she has "never, ever, ever" asked for a raise as she found it "cringeworthy" and cannot imagine working for somebody and saying "my pay is not enough." Nooyi, 65, who helmed the beverage giant PepsiCo for 12 years and stepped down as its chief executive officer (CEO) in 2018, has published a memoir 'My Life in Full'. Born in Chennai, she graduated from the Madras Christian College and studied management at the Indian Institute of Management (IIM), Calcutta before moving to Yale University in the US for a master's degree.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
Pradeep Bandekar spotted Kareena Kapoor, Mrunal Thakur, Nushrratt Bharuccha, Sharvari, Disha Patani, Kiara Advani, Janhvi Kapoor, Sara Ali Khan, Aditi Rao Hydari... on Tuesday.
"Now is the time to shift my priorities to my family," said the outgoing PepsiCo CEO.
Under mounting pressure from sponsors and Native American rights groups, Washington Redskins owner Dan Snyder said on Friday he would consider changing the name of the National Football League team whose roots date back to the 1930s. Snyder, who has previously stated he would not change the name, softened his stance a day after FedEx Corp, which owns the naming rights to the team's Landover, Maryland, stadium, called for the NFL club to be rebranded.
The six billion plastic straws sold with every small tetra pack of juice, milk, lassi, coffee and other drinks can be replaced by paper straws to protect the environment but it will have to be done in phases. That was the message of the presentation made by FMCG companies using small tetra packs last week by their body, the Action Alliance for Recycling Beverage Cartons. The association told the Environment Ministry that companies need 18 months from the ministry's deadline of July 1 - when the ban on the use of single plastics for straws, plates and spoons comes into effect - to make the transition.
PepsiCo is gearing up to launch a new 7UP with 30 per cent less sugar and plans to extend the formulation to its other brands
When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic.
Through innovative recycling and recharging techniques, the plant had been able to save about 200 million litre of water in the last four years and had brought down the use by 60 per cent.
'If they add a small paragraph that no purchase will be allowed below the MSP, they have a winner on their hands'
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