Global beverage major Coca-Cola's decision to exit India in 1977 had more to do with the provisions of the Foreign Exchange Regulation Act.
The increase in input costs is expected to translate into a hike of up to Rs 1,500 per tonne for both downstream products as well as hot rolled coils.
The boycott of the leading cola brands in the state has entered its second week as trade unions encourage small shops to promote local brands.
In Novemeber last year, the court had barred Pepsi and Coke plants to use Tamiraparani river water in Tirunelvelli after a petitioner approached the court.
Dark clouds have been looming over the Indian Railways for a long time. As per reports, it is burdened by an operational loss of Rs 33,000 crore. But, not losing hope the railways is not leaving any stone unturned. Moneycontrol takes a look at what this sector on wheels has to offer in the year 2017.
Anti-dumping duty on metallurgical coke is hurting revival of the ferro alloy sector.
Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No 2 executive, Chief Operating Officer James Quincey, the company announced today.
Ministry sources have told CNBC-TV18 the Directorate General of Anti-Dumping (DGAD) has suggested USD 25 per tonne import duty on metallurgical coke coming from China and USD 16 per tonne on coke imported from Australia. An anti-dumping duty of USD 849 per tonne has also been proposed on coated steel from China.
Sources tell CNBC-TV18 that JSW steel is likely to hike steel prices come October this year. The price hike is to the tune of Rs 4000-5000 per tonne. This should be see in the context of raw material costs also spiking up. Iron ore and coke prices have gone up.
On Storyboard this week we have A] Ad veteran Ambi Parameswaran launches a new book with a very interesting name Nawabs, Nudes, Noodles; B] How is Taj Hotels, Resorts and Palaces delivering more engaging experience to their consumers; and C] We get to see how Coke is paying tribute to Pepsico's former Chief Executive Roger Enrico.
"Integrated commissioning of all units for the first phase will take another six months. Project cost remains within the revised budget and even it could (be) lower," Tata Steel V-P Operations (Odisha) Rajiv Kumar said.
The company also said Ahmet Bozer, another Coke veteran who had been widely seen as a possible successor to Chief Executive Officer Muhtar Kent, will retire. Bozer, executive vice president and president of Coca-Cola International, will stay on as an adviser until March of 2016, the company said.
Shares of SAIL fell 3 percent while JSW Steel also slipped 4 percent intraday on Monday. Goldman Sachs has downgraded JSW to neutral.
Kellogg in India, which launched its entire range of corn flakes and cereals in 1994, but has managed to cross a sales turnover of Rs 514 crore only in the year to March 2013.
The major facilities include a new 7 metre tall coke oven battery, two sinter machines, a new blast furnace of 4,060 m3 volume with top pressure recovery turbine, three 150 tonne basic oxygen furnace converters, two 6-strand billet casters and one 4-strand beam blank/bloom caster.
EIL, one of the leading design, engineering consultancy and EPC companies of the country, secured a lumpsum turnkey contract (LSTK) worth over Rs 670 crore from CPCL for Residuary Upgradation Project (Coker Block), the company said in a statement.
Coca-Cola Co held what it called a "productive conversation" with an Arab-American group that labeled the firm's Super Bowl ad racist, but will not change the commercial featuring an Arab walking through a desert with a camel.
US-based SunCoke Energy will invest about Rs 368 crore in a coke-making joint venture with VISA Steel.
Profits for China's industrial businesses rose by an impressive 27.9% year-on-year in the first five months of 2011 to USD 1.92 trillion yuan (USD 296.80 billion), the National Bureau of Statistics (NBS) announced on Monday
Forbes India spoke to the people behind Coke Studio @ MTV
This summer, beverage makers are turning on the heat just to help the indian consumer beat it in style, reports CNBC-TV18's Tanvi shukla and Vidhi Godiawala.
Steel Authority of India (SAIL) has raised prices of steel products, reports CNBC-TV18 quoting sources.
Arun Kumar Jagatramka, Managing Director of Gujarat NRE Coke expects coking coal prices moving up rapidly due to the panic buying situation."Queensland supplies almost 30% to 35% of the total global coking coal. The supply is suffering very heavily due to floods and there is a panic buying situation now," he explains.
Pepsi's loss may be Coke's gain. After Pepsi dropped him as brand ambassador two-and-a-half years ago, master blaster Sachin Tendulkar is reported to have finalised a three-year endorsement deal with rival Coke.
JSW Steel, India's No. 3 producer of the alloy, has passed on only a part of the cost increases through a price hike in January and may look at future raises depending on supply-demand equation, a senior official told Reuters on Tuesday.