Global cola majors Pepsi and Coca-Cola have decided not to sell their high calorie sugary products in primary and secondary schools across the globe.

Pepsico Chief Indra Nooyi is facing flak as company's shares have reportedly fallen by 7 per cent while Coke's share surged by 28 per cent since she took over, even as the Indian-born businesswoman was named in the Financial Times list of '50 People Who Shaped the Decade'.

US-based beverages major Pepsico today said India is among its top three markets and the company will continue to build India-specific strategies to sustain growth.

India origin Indra Nooyi is among the 13 women who are at the helm of companies featured in Fortune 500 list compiled by the US magazine.

PepsiCo's CEO has said that the No. 2 US soft drink company plans no new acquisitions of North American drink manufacturers in the current economic climate, but instead will focus resources on expanding markets for drinks it has developed on its own.