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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 and snacks firm Pepsico's three-day global board meeting began in Mumbai on Wednesday to dwell on its business and evolve product lines to align with the tastes of Indian consumers.
- 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.
- With the winter season just round the corner, global beverages major Pepsico is changing its distribution system to check a drop in its soft drinks sales during the cold season, besides working on introducing 'winter-friendly products' in future.
- 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, the maker of Pepsi soft drinks and Tropicana juices, said on Monday that its first quarter net profit slipped 1.1 percent to $1.14 billion, above market forecasts.
- Pepsico India Holding need not divest 49 percent equity in bottling firms to Indian companies, with the government on Friday exempting it from the obligation following change in FDI rules for the food processing sector.
- 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.
Soft drink distributor Pepsi Bottling Group Inc said on Tuesday that it would slash about 3,150 jobs across Europe and America as part of its restructuring plan.
Pepsico on Wednesday posted a decline of 9.58 per cent in its net income for the third quarter of 2008 and will cut 3,300 jobs globally under its cost saving initiatives.- Traditional Indian food could soon find a place in global markets with soft drink giant Pepsico signing an agreement with Council of Scientific and Industrial Research to turn such edible items into world products.
- PepsiCo will invest $500 million in India over the next three years to triple the turnover out of one of the top five markets for the group by 2014, its chairperson and chief executive Indra Nooyi said in Gurgaon on Sunday.
- PepsiCo chief Indra Nooyi has criticised Washington for not doing enough to control energy prices, which could hurt companies by cutting into consumers' discretionary spending.
Heading the world's largest bank does not guarantee fat paycheck to Citigroup's India-born CEO Vikram Pandit who finds himself at the bottom of the Forbe's CEO salary list for America's 500 biggest firms.
