Page 6 - Pepsico

NCLAT rejects PepsiCo plea for release of machinery from Oceanic Tropical

The National Company Law Appellate Tribunal (NCLAT) has rejected the plea of beverages giant Pepsico India Holdings seeking release its machinery from Oceanic Tropical Fruits, which is under the insolvency process. The beverages major had moved the NCLAT against the order passed on May 28, 2019, by the Chennai bench of National Company Law Tribunal (NCLT) denying permission to PepsiCo to take back its machinery that was lying at Oceanic Tropical Fruits. The NCLAT observed that Pepsico India Holding cannot derive advantage of its own agreement with Oceanic Tropical Fruits over the Insolvency & Bankruptcy Code (IBC), which has provision of termination in case of bankruptcy or liquidation or similar situation to get the assets back. The appellate tribunal also held that there were claims and counter claims by Oceanic Tropical Fruits and PepsiCo over the money to be paid to each other. "From the aforesaid fact, it is clear that the claim and counter claim by the corporate debtor ...

Varun Beverages Q2 profit jumps 84% to Rs 81 crore on better volumes

Earnings before interest, tax, depreciation and amortisation increased by 54.2 per cent to Rs 325.66 crore from Rs 211.24 crore

Pepsi to take green mainstream with sustainable bond sale: Details here

The company offered $1 billion of senior unsecured green securities, according to a person with knowledge of the matter

Companies launch more than Rs 1,000-crore plastic waste management drive

Led by top beverage makers - PepsiCo Holdings, Coca-Cola India, and Bisleri International - the programme is a producer-led-and-owned plastic waste management venture, a first of its kind

Pepsico collects, recycles its entire used PET bottles in Maharashtra

Under the extended producer responsibility EPR) programe, Pepsico India collected 6,500 metric tonne of post- consumer PET

PepsiCo places its chips in southern markets with local tastes, food habits

The company finesses the regional game for Lay's and Kurkure, acquires local tastes and habits to beat back competition from home grown snack makers

India Inc sees J&K in new light after govt scraps provisions of Article 370

The region to hold its first investors' summit in October; many look at opportunities in the FMCG sector

PepsiCo buys Pioneer Foods for $1.8 billion in aggressive Africa push

PepsiCo offered 110 rand a share for Pioneer, a premium of about 56%

Cola wars are back: Pepsi cranks up World Cup ad game with 87-yr-old fan

Experts say the Pepsi campaign reflects a new reality for cola brands where the product, increasingly seen as an unhealthy beverage, does not feature prominently in the narrative

87-year-old cricket-loving granny to be the face of a Pepsi ad campaign

Charulata Patel was spotted blowing a vuvuzela at the stadium in Birmingham in support of the Indian team

Ramp-up in capacity to keep fizz intact for Varun Beverages stock

Higher margins, asset turnover should boost return on equity; Street sees 15-20 per cent upside potential

PepsiCo withdraws one of three lawsuits filed against Gujarat farmers

PepsiCo had filed the suit against potato farmers Fulchandbhai Kachchhawa and Sureshbhai Kachchhawa at the Deesa court for growing FC-5 variety of potato

PepsiCo agrees to withdraw lawsuit against potato farmers in Gujarat

Government assures long term resolution over seed protection, company says after popular backlash.

Pepsi withdraws lawsuit against 4 potato farmers in Gujarat after outrage

PepsiCo in April sued the four farmers for cultivating a potato variety grown exclusively for its popular Lay's potato chips.

Hot potato

Pepsico has unfairly targeted Indian farmers

PepsiCo row: Farmers' body seeks legal rights for seeds of any crop variety

In addition, a dedicated coordination committee under the Kisan Adhikar Manch is being set up to assert rights of farmers over seeds and crops

PepsiCo offers out-of-court settlement to sued Gujarat potato farmers

In the interim, the court's previous order of a stay on the farmers from growing and selling the potatoes continues till the next hearing on June 12

Varun Beverages gets CCI approval to acquire PepsiCo's franchise rights

In February, VBL had announced its plans to acquire franchise rights of PepsiCo in southern and western regions

Pepsi in, Coca-Cola out at Domino's as Jubilant gets new beverage partner

Mumbai, 30 October The country's largest food service operator, Jubilant FoodWorks, announced it was appointing PepsiCo as its beverage partner for Domino's Pizza. This ends a two-decade partnership with Pepsi's arch rival, Coca-Cola. The move, it said, was in line with global realignments, and would bring fresh perspective and focus to its beverage business within stores. Jubilant runs 1,167 Domino's stores in India, accoring to its results for the July-September period.The partnership will see PepsiCo's portfolio of carbonated drinks -- including Pepsi, Mountain Dew, 7Up and Mirinda, alongwith Lipton Ice Tea -- available at all Domino's outlets in the country. The beverages will also be sold in all new stores of the brand, the company said on Tuesday."We are delighted to announce PepsiCo as our beverage partner. We look forward to greater beverage variety, thereby enhancing the Domino's Pizza experience," stated Pratik Pota, chief executive officer and whole-time director at ...

PepsiCo clocks double-digit Q3 revenue growth in India, China, Saudi, Egypt

AMENA zone reported an increase of 17 per cent in profit and 7 per cent in volume growth in the food/snacks and 2 per cent in beverages, PepsiCo said in its third quarter report for 2018.