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. With Coca-Cola India now said to be evaluating options to list …
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unite general secretary Sharon Graham said: “Coca Cola Europacific Partners is making profits in …
Reliance Industries’ acquisition of carbonated beverages maker Pure Drinks and the associated Campa brands is less than miniscule by RIL’s standards. And in 1977, when Coca Cola decided to exit India rather than become an “Indian” company, Charnjit Singh, the Pure Drinks patriarch, was quick to launch a ‘desi’ cola to fill the gap–Campa Cola. In fact, Campa Cola dominated …
Russia’s financial troubles have constantly been mounting as several international companies have suspended or stopped their operations in the country Russia’s financial troubles have constantly been mounting as several international companies have suspended or stopped their operations in the country. Follow all live updates of the Russia-Ukraine conflict here More than 10 days since Russia launched a “special military operation” …
Portugal captain Cristiano Ronaldo was left fuming before the press conference after the superstar saw two Coca Cola bottles placed on the table. Ahead of Portugal’s tournament opener against Hungary, the five-time Ballon d’Or winner shunned away the two bottles kept at the table and replaced them with a bottle of water. Ahead of the clash between Portugal and Hungary, …