Coca-Cola Financial News

Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution

«Since the company has been selling the 400 ml PET bottles for Rs 25, they cannot suddenly change the packaging of the same bottles and mark the price as Rs 20. For attracting customers, they will launch a new packaging wherein they will market the bottles as 250 ml and 150 ml free (250 ml + 150 ml free will be written on the pack) and the MRP will be Rs 20,» sources told ToI. Also Read: Reliance's not-so-secret weapon makes Tata sound alarm as new disruption hits

Coca-Cola reported higher-than-expected revenue in the third quarter as higher prices made up for lower sales volumes

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

Coca-Cola Co. is discontinuing its newest “permanent” flavor a little more than seven months after putting the product on the market

Subscribe to enjoy similar stories. When the late George Fernandes, the industries minister in the short-lived Janata Party government of 1977, issued a diktat to multinational corporations Coca-Cola, IBM and AstraZeneca to dilute their stake in their wholly owned subsidiaries to 40% in favour of Indian shareholders, Coca-Cola and IBM chose to exit India. Later, during P V Narasimha Rao's pro-liberalisation government in 1993, Coca-Cola returned.

Coca-Cola is «segmenting India in clusters as there will be parts of the country that will accelerate that growth and capability faster than others», Henrique Braun, global EVP and president, international development at Coca-Cola, said at Barclays' Global Consumer Staples conference late Thursday. «We are segmenting the country in clusters and we truly believe that there will be parts of India that will accelerate that growth and that capability in a faster way than others. That's how we're going to start benchmarking internally,» he said. Large consumer products makers including Unilever, Nestle and Godrej Consumer Products have echoed similar views on the India market, which has been showing sharply divergent demand recovery trends, or a K-shaped recovery with uneven growth patterns post the Covid-19 pandemic.

₹3,788 crore in 2022-23 from ₹1,502 crore a year earlier. Its losses narrowed to ₹64 crore from ₹102 crore in FY22. Hariharan's potential move to the beverage giant follows a series of recent senior appointments at Coca-Cola.

Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts that target the globe-straddling brands as symbols of America, and by extension Israel, at a time of war in Gaza. In Egypt, sales of Coke have cratered this year, while local brand V7 exported three times as many bottles of its own cola in the Middle East and the wider region than last year. In Bangladesh, an outcry forced Coca-Cola to cancel an ad campaign against the boycott. And across the Middle East, Pepsi's rapid growth evaporated after the Gaza war started in October. Pakistani corporate executive Sunbal Hassan kept Coke and Pepsi off her wedding menu in Karachi in April. She said she didn't want to feel her money had reached the tax coffers of the United States, Israel's staunchest ally.

Burman family of Dabur and promoters of Jubilant Group, the Bhartias, are separately closing in on a 40% stake in Hindustan Coca-Cola Beverages (HCCB) for Rs 10,800-12,000 crore ($1.3-1.4 billion), said executives aware of the development. This values Coca-Cola India’s wholly owned bottling subsidiary at Rs 27,000-30,000 crore ($3.21-3.61 billion). The two sides submitted bids over the weekend, said the people cited.

Beverages major Coca-Cola on Friday said Greishma Singh has been appointed as the new market head for India Southwest Asia (INSWA) Operating Unit. Singh will succeed Arnab Roy, who was recently named the Global Category President, Coca-Cola Trademark. Her appointment will be effective September 1, 2024, according to a company statement. Before this, Singh was Vice-President of Customer and Commercial Leadership (C&CL) for the INSWA Operating Unit. She has been with The Coca-Cola Company for over 15 years and held roles of across marketing, strategy and C&CL in Australia and India markets, it added.

centi billionaires, but their combined wealth is more than $2.2 trillion. The combined net worth of the 15 members has increased by roughly $360 billion this year to $2.2 trillion. Almost all of them have increased their wealth by $360 billion this year. That is less than the combined values of Netflix ($289 billion), Coca-Cola ($298 billion), and Bank of America ($305 billion). It’s time to discover the listicle of individuals whose worth is at least $100 billion. Here’s complete data with a wealth source, a breakdown of the amount each person's wealth has changed this year, as per Bloomberg's estimate of their net worth.

Coca-Cola has been a mainstay of many rituals for many years, particularly in indigenous communities. As the world's most devoted soft drink consumers, people in Mexico think the beverage uplifts people's spirits and aids in healing. Some people even think it can help resolve domestic strife. Doctors have warned of a catastrophic health crisis facing a state in Mexico that consumes more coke than any other place in the world. In Chiapas, finding a bottle of Coke is considerably simpler than finding a bottle of water, and the price is the same. The town's population is gradually dying from Coca-Cola addiction. The main town of Chiapas, San Cristobal de las Casas, has a high prevalence of Type 2 diabetes, six-month-old babies drink coke instead of milk, and some residents offer prayers to empty bottles on shrines. Also Read: Did Taylor Swift endorse Donald Trump? Is it AI-generated?

Neeraj Chopra's silver and his easy and graceful sportsmanship at the Paris Olympics has ignited worldwide praise on social media. This sparked leading sponsors of the javelin star to take advertising and campaigns featuring Chopra global, with plans to amplify the win and step up campaigns through the year. «Neeraj Chopra's remarkable achievement in winning the silver medal at the Paris Olympics and his exceptional code of conduct throughout the event have captured the world's attention, elevating him to a truly global icon,» said a spokesperson for Swiss luxury watchmaker Omega, which signed Chopra in May this year. Beverage maker Coca-Cola India, which signed Chopra to endorse its Limca GlucoCharge hydration drink two years back, is unveiling a film to capture Chopra's spirit on global platforms.

Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.

Shares in the American tech giant were down 8.2% in pre-market trading at the time of reporting, according to data from MarketWatch. US equities suffer worst day in two years as Nasdaq loses $1trn Despite the significant selloff in shares, Apple remains Berkshire Hathaway's largest investment, with Buffett's firm still holding about 400 million shares worth $84.2bn. Around 72% of Berkshire Hathaway's aggregate fair value was concentrated in five companies including Apple, Bank of America ($41.1bn), American Express ($35.1bn), the Coca-Cola Company ($25.5bn) and Chevron ($18.6bn). ...

Warren Buffett's move could prove unsettling for the broader stock market.

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

₹10 for 200 ml packs. This led to two big players dropping prices, significantly widening the gap between nectar and cola prices, Punmiya said. Cola is a ₹50,000 crore market and nectar is about ₹1,250 crore, he said.

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter