FMCG Sector

Sugar prices jump as crushing enters last phase

Sugar prices jump as crushing enters last phase

Sugar prices are on the rise as the process of crushing has entered the last phase of the current season.

In the last three weeks, sugar prices in the domestic market have increased by nearly 24 per cent, with around 8 per cent of the increase taking place within the last couple of days.

The NCDEX sugar stats for delivery in April traded at Rs 3,226 per quintal on Wednesday. Ashok Jain, president of Bombay Sugar Merchants' Association said average price of sugar jumped by Rs 2-2.55 per kg in last couple of days.

France’s Lactalis acquires Tirumala Milk

France’s Lactalis acquires Tirumala Milk

French dairy giant Groupe Lactalis SA has acquired a 100 per cent stake in Hyderabad, India-based Tirumala Milk Products Private Limited.

Lactalis acquired 80 per cent of the company from its founders and the remaining 20 per cent stake from the Carlyle Group, which had acquired the stake for around $22 million in 2011.

Michel Nalet, a spokesperson for Lactalis confirmed the acquisition, and said that the French company would retain the Indian company's existing management.

Coca-Cola India aspires to achieve double-digit growth

Coca-Cola India aspires to achieve double-digit growth

The Indian arm of U. S.-based beverage giant Coca-Cola is aspiring to achieve a double-digit growth over the next few quarters and make India the group's fifth largest market by the end of current decade.

Venkatesh Kini, deputy president for India and Southwest Asia business at Coca-Cola, said that the third quarter of 2013 marked the 29th consecutive quarter of growth for the company.

PepsiCo planning to invest Rs. 12 billion on new facility in India

PepsiCo planning to invest Rs. 12 billion on new facility in India

Beverages and snacks major, PepsiCo India has said that it is planning to invest about Rs12 billion to build a new beverage manufacturing facility in the state of Andhra Pradesh in South India.

The company is aiming to develop a new greenfield beverage manufacturing plant in Sri City, Andhra Pradesh. The company said that it will be the largest beverage plant in India for PepsiCo. The investment plans are a part of the entire plant to invest around Rs330 billion in India by 2020 by the company and its partners.

PepsiCo to invest Rs 33,000 crore in India by 2020

PepsiCo to invest Rs 33,000 crore in India by 2020

Cold drinks giant PepsiCo has announced its plans to invest Rs 33,000 crore (US$5.5bn) in India by the end of current decade.

Indra Nooyi, chairman & chief executive officer of PepsiCo, on Monday said that India market offered a huge potential and remained an attractive, high-priority market for the company. He added that the decision to make the huge investment showed the company's confidence in the country's future.

Hindustan Unilever Q2 earnings hampered due to weak

Hindustan Unilever Q2 earnings hampered due to weak

India's economy is confronting its most noticeably bad downturn since 1991. That has hit optional shopper using, leaving HUL's volume development stagnant at around 5 percent for as long as two quarters.

Deals development at Hindustan Unilever (HLL. NS) regulated for the sixth straight quarter between July and September and India's biggest purchaser products producer said powerless shopper request might press on to drag until well into one year from now.

Coca-Cola to invest $5bn in India in next 7 years

Coca-Cola to invest $5bn in India in next 7 years

U. S.-based beverages giant Coca-Cola has reiterated its plans to plans to invest $5 billion in India by the year 2020, even as the Asian country is suffering its worst economic downturn in more than a decade.

Ahmet C Bozer, president of Coca-Cola International, on Thursday said that the company's investment plans were on track as previously planned.

Delhi HC allows Pepsodent to continue with its Germicheck advert

Delhi HC allows Pepsodent to continue with its Germicheck advert

The Delhi High Court on Wednesday allowed Hindustan Uniliver Ltd (HUL) to continue with its toothpaste Pepsodent Germicheck advertisement that claims that Pepsodent is 130 per cent more capable of checking germs than current market leader Colgate.

The High Court dismissed the Colgate's petition seeking an injunction on the controversial advert, saying the advert doesn't "denigrate" Colgate toothpaste.

Unilever falls short of plan to raise stake in HUL to 75%

Unilever falls short of plan to raise stake in HUL to 75%

Consumer goods giant Unilever Plc has confirmed that it fell short of its plan to raise its stake in its Indian subsidiary Hindustan Unilever Limited (HUL) to 75 per cent.

The Anglo-Dutch consumer goods maker said shareholders of Hindustan Unilever tendered a total of 319.7 million shares to its open offer, allowing it to raise its stake in the Indian subsidiary from 52.48 per cent to 67.28 per cent.

PepsiCo India President Manu Anand quits

PepsiCo India President Manu Anand quits

The Indian arm of beverages & snacks giant PepsiCo on Thursday confirmed the resignation of its president Manu Anand.

PepsiCo India said that its India region president Manu Anand had stepped down with immediate effect to join another company, and that the vacancy would be filled in due course.

The beverages giant said in a statement, “PepsiCo India region president Manu Anand has decided to join another company and is leaving PepsiCo. His successor will be announced in due course.”