PepsiCo Financial News

Economic Times. In this plan, Varun Jaipuria would take over the mantle of the food and beverage division, whereas Devyani Jaipuria would head the health and education sectors.

ALSO READ: ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter. On April 26 (Friday), data on PCE index will be unveiled. Following companies are due to report quarterly earnings in the week ahead— Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

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₹13,783 crores, up 11% over the year ago. Profit jumped 30% to ₹1,320 crore, according to its annual filings. In December 2019, TCPL’s shares were trading at about ₹318 apiece.

FSSAI) has directed all ecommerce companies to not to refer to dairy based beverages, cereal based beverages or malt based beverages as 'health drink or energy drink' as the term 'health drink' has not been defined uder the food laws of the country and 'energy drink' refers to carbonated and non-carbonated water based flavoured drinks under the laws. The usage of incorrect terms can be «misleading» For consumers therefore, «FSSAI has advised all e-commerce FBOs to promptly rectify this misclassification by removing or de-linking such drinks or beverages from the category of ‘Health Drinks / Energy Drinks, » the food regulator said in a statement. FSSAI has clarified that the term ‘Health Drink’ is not defined or standardized anywhere under the FSS Act 2006 or rules or regulations, which govern the food industry.

NEW DELHI : PepsiCo India on Tuesday announced an investment of ₹1,266 crore to build a new flavour manufacturing facility in Ujjain, Madhya Pradesh, aimed at expanding the company's beverage production capacity in India. The facility in Ujjain will mark PepsiCo India's second such manufacturing site in the country, intended to produce beverage flavours "In India, for India." PepsiCo currently operates a similar plant in Channo, Punjab.

International Zero Waste Day, Sachin Sharma, founder and director of Gem Enviro Management, speaks with KumKum Dasgupta about what India must do to combat the mounting plastic challenge and how his company is helping top businesses offset their plastic footprint. GEM provides a complete value chain of sustainability services to clients, including collection, recycling, awareness, and recycled merchandise. Tell us a little bit about GEM and clients. GEM was established in 2013-14 with the objective of collecting plastic waste and sending it to the proper recycling chain. GEM serves over 125 major Indian companies, including industry leaders like Coca-Cola, PepsiCo, Bisleri, Mamaearth, Himalaya, and Herbalife, offering waste management and extended producer responsibility (EPR) solutions.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for PepsiCo, Riot Platforms and Kingsoft Cloud; downgrade for Nuscale Power .

HANOI (Reuters) — U.S. food and drink maker PepsiCo (NASDAQ:PEP) Inc has committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.

PepsiCo Inc. has reached an agreement to become the exclusive provider of beverages at all Subway sandwich shops in the US, replacing rival Coca-Cola Co. as the drink supplier to one of the nation's largest chains. Subway announced the new 10-year pact to serve PepsiCo products such as Mountain Dew sodas, Tropicana juices and Gatorade sports drinks on Tuesday. Coca-Cola brands like Sprite, Fanta and Diet Coke will begin to disappear from the sandwich chain beginning in January 2025, and will take several months to replace across Subway's network of franchisee-owned restaurants.

Varun Beverages for the setting up of industrial unit at Mendipathar, North Garo Hills. In a function held at Mendipathar, Sangma handed over the land allotment documents to Varun Beverages for the setting up of industrial unit at Mendipathar, North Garo Hills. Sangma, thanking the Chairman of Varun Beverages, Ravi Jaipuria, for his decision to set up the industrial unit in Mendipathar said that this decision has set the pace for private investments in the State and the industrial unit in Mendipathar will transform the lives of the people of the area. He also expressed his gratitude to Meghalaya Industrial Development Corporation (MIDC) for have completed the processes of the land allotment in a record time.

Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers

tax benefit is spurring US companies including PepsiCo Inc. and International Business Machines Corp. to sell bonds through their Singapore subsidiaries, fueling a record surge of sales from borrowers in the city state. The tactic can allow companies to deduct interest expense from their taxable income in both the US and Singapore. That double deduction means that effective borrowing costs — after taxes — can be materially lower than they would be with a bond issued in the US.

(Reuters) — Keurig Dr Pepper (NASDAQ:KDP) missed market expectations for fourth-quarter sales on Thursday as higher product prices deterred demand for the beverage maker's sodas and tonic water.

ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram's owing to a valuation mismatch. Prataap is best known for Yellow Diamond chips and traditional Indian namkeen under the Avadh brand. Listed Bikaji Foods, another large snacks company, had also looked at the deal but those negotiations also fizzled out, said people in the know. Buyout funds KKR, TA Associates and Apax are among others that have been tapped since Peak XV initiated a plan to fully exit its nearly 13-year-old investment in Prataap and hired Deutsche Bank to sell the company. The transaction if successful will trigger an open offer for an additional 26% of the Indore-based company, which has been a laggard ever since its stock market debut in 2017 when it listed at a 33% premium. Prataap ended 1% down at ₹1,174.45 for a market value of ₹2,802.19 crore on Wednesday.

market capitalisation growing at an average annual run rate of Rs 1 lakh crore in the last two decades, billionaire Mukesh Ambani-owned Reliance Industries is undoubtedly the largest wealth creator in the history of Dalal Street. After India's most valued stock touched the Rs 20 lakh crore milestone this week, it is now bigger than the likes of American MNC giants like McDonald's, PepsiCo, Netflix and Accenture. Shareholders of RIL, which was worth just Rs 1 lakh crore in August 2005, have made a notional profit of Rs 19 lakh crore in a span of less than 19 years.

Sales slipped during the fourth quarter for Kraft Heinz as some customers, pinched by a bout of inflation, traded down to cheaper brands or did not buy as much

Investing.com — Coca-Cola (NYSE:KO) has said it expects to deliver full-year adjusted organic revenue growth of 6% to 7%, just ahead of Bloomberg consensus predictions of 5.9% but slower than the pace registered in 2023, signalling a waning benefit from a recent surge in prices.

(Updated — February 9, 2024 11:23 AM EST)

Investing.com -- Stocks on Wall Street had a mixed start to trading on Friday, as investors parsed through a busy week of quarterly corporate results and a yearly revision to U.S. inflation data.