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PepsiCo quarterly revenue misses estimates as demand slows for snacks, sodas; shares drop over 3%
Analysts note that while product prices are normalizing after nearly two years of increases, they remain higher than pre-pandemic levels. This leaves packaged-food companies like PepsiCo with limited pricing power as volumes decrease. PepsiCo raised average prices by 5% for the quarter ending June 15, consistent with the first quarter, but overall organic volumes declined by 3% during the period.
‘We have to protect the environment and solve inequality — the two don’t have to oppose each other’
"Some taxes could generate more burdens on lower-income groups or people facing energy inequity. But we could get more creative about policy solutions — could we perhaps have fossil fuel taxes that are higher for products which higher-income people use? Can we use those revenues to redistribute resources?"
We have exited Paytm, Zee; go for these 3 stocks now: Sanjiv Bhasin
Sanjiv Bhasin advises on market caution amidst potential toppish indications, discusses financial outlook, buying opportunities, UPL divestment, GAIL performance, Indiabulls Real Estate capital infusion, share price targets, and banking sector performance. Bhasin also says that they have exited Paytm and Zee as their underperformance could continue for a longer time.
The reality of recycling is appalling. But we can fix it.
Recycling has been called a "myth" and "beyond fixing" as we've learned that recyclables are being shipped overseas and dumped (true), are leaching toxic chemicals and microplastics (true) and are being used by Big Oil to mislead consumers about the problems with plastics.
We would continue to build strength where we have scale and also build new businesses: Tata Chemicals MD
“In the long term, our view is that the demand is going to increase to almost 80 million tons and there is about 4-5 million tons coming in capacity, we need to bring more capacities on stream and we will continue to maintain a very balanced approach to this market because customers need the material and we need to bring that on stream. That is it.”
'OK Google.' Alphabet Inc demos soda-fetching robots, but it is not on sale yet
When asked to help clean a spill, Google's robot recognizes that grabbing a sponge is a doable and more sensible response than apologizing for creating the mess.
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Summer in a glass: To celebrate cocktail week try these three fruity recipes with Scotch
After Covid restrictions, we also have a very valid cause to celebrate with cocktails.
I come from two Mayur Vihars: East Delhi we once knew is fast turning into a memory
I also come from Mayur Vihar 1 Extension or Mayur Kunj, depending on whom you listen to, since Phase 1 is East Delhi's equivalent of Manhattan, the aspirational part of Yamnapaar. This is where I learnt to measure life according to Mother Diary open-closed hours, and where ordering meals by a food delivery app more than once a month will make neighbours suspect that you are a pervert who watches old Imran Khan YouTube cricket videos behind closed doors.
Tata explores $1 billion sale of U.S. soda ash unit
Shares of Tata Chemicals have more than doubled in Mumbai trading this year, giving the company a market value of about 255.7 billion rupees ($3.4 billion). Deliberations are ongoing and Tata Chemicals could still decide against a sale, according to the people.
PepsiCo vows to cut soda sugar levels by 25% in EU by 2025
As part of its push, the company aims to reformulate products using low-calorie sweeteners, launch healthy snacks like its popcorn line PopWorks and take low-fat brands including the Lay's Oven Baked range to new markets.
Coca-Cola overall soda Q2 volumes down 12% led by India
The maker of Coke and Sprite sparkling drinks said its consolidated second quarter volumes for sparkling soft drinks fell 12% led by India, Western Europe and the fountain business in North America due to pressure in away-from-home channels.
Ethnic drink start-up GoliSoda enters home desserts segment
To popularise the new product additions, GoliSoda is launching a three-week paayasam/ kheer festival across its ten operational stores in Hyderabad.
After online success, global brands are coming to a store near you
Dorothy Perkins is now eyeing brick-and-mortar stores, four years after the UK fashion brand signed an exclusive deal to sell online on Jabong, ET reported earlier.
Love diet soda? It can lower recurrence of colon cancer
Soft drinks can also reduce fatal cases in patients who have been treated with advanced colon cancer.
Ethnic beverage brand Goli Soda to enter Bengaluru, Chennai markets
The beverage maker also plans to venture into Bengaluru and Chennai markets in the next few months and will be scouting for fresh investments.
GHCL’s FY19 numbers should be better than FY18’s: RS Jalan
“In nine months, our capacity utilisation is around 95% which has gone up from 85%”
Resto-bars Host Games, Quizzes Now
Watering holes like Vapour and The Permit Room have quiz nights on Tuesdays and Wednesdays, also lean days.
Pepsi looks beyond celebs for ad push
The cola firm will consider individuals who have established their credentials in specific fields and have direct synergies with brands they endorse, Prakash said.
Tata Chemicals eyes Rs 10,000-crore soda ash business in 5 years
In the commodity business we had soda ash, urea and phosphate. We will continue to maintain cost leadership and scale in soda ash, said MD and CEO R Mukundan.
We will be giving a better dividend payout this year: TK Chand, NALCO
"Nalco has a strong aluminium arm and our cost of production in alumna is also one of the lowest in the world," said Chand.
Indian economy is growing and therefore we believe that the demand will be very healthy: RS Jalan, GHCL
"There will be pressure on the margin of the textile business industry as whole and obviously we will have that impact on us as well because of that."
Olive Group to triple casual fine dining restaurants by 2022
Olive Group had earlier received $10 million of funding in 2012 from the Aditya Birla Private Equity, part of the Aditya Birla Group.
Opt for stairs, not soda, to feel more energised at work
New York, April 23 (IANS) Researchers have found that 10 minutes of walking up and down stairs at a regular pace is more likely to make you feel energised than ingesting 50 milligrams of caffeine -- about the equivalent to the amount in a can of soda.
Eggs may be escaping the veg/non-veg divide, emerging as a market ready to be cracked open
Kejriwal the politician might be in the doldrums at the moment, but Kejriwal the egg dish has, rather improbably, gone global.
Eyeing Rs 100 crore from consumer division for FY17: RS Jalan, MD, GHCL
"We believe that we should be able to achieve margin of around 15% this year, with a higher volume. We are targeting an EBITDA margin of around 18% next year."
Dutch apparel brand Scotch & Soda drops Myntra for Reliance
Dutch apparel brand Scotch & Soda which was being sold exclusively on Myntra.com, has struck a long-term partnership with Reliance Brands to open its stores in India.
Reliance Brands inks agreement with fashion brand Scotch & Soda
The company stated the newly formed partnership will leverage Reliance Brands’s in-depth expertise of the premium retail market in India.
Sugar-free fizzy drinks record 39% growth in a year; Coke Zero leads revival
Sugar-free fizzy drinks have hit their highest-ever sales figures in India, bucking a downtrend seen in the overall soda market in the country.
Why Old Monkers need not raise a toast to the survival of the sweet, pungent drink
Old Monk was cheap, thereby providing it with both affordability as well as the ‘reverse snobbery’ that a cheap drink holds forpeople who can afford it.
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