The investor thumbs-down, say experts, highlights the competitive challenges ahead for the new player.
While fizzy drinks are growing as a category, according to Kantar data, the acquisition may intensify competition for players like Ravi Jaipuria-led Varun Beverages, PepsiCo's largest bottler outside the US.
Esta historia es de la edición December 13, 2024 de Financial Express Pune.
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Esta historia es de la edición December 13, 2024 de Financial Express Pune.
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Board observers in the spotlight
AT PRESENT, RBI DOES NOT SEE ANY MIDDLE GROUND FOR NBFC INVESTORS ACTING AS OBSERVERS
Drones deliver new hope to farmers
● Aerial tech enhances farming efficiency, can tackle workforce woes
Walmart has a tough battle ahead in India
E-COMMERCE IN INDIA is a political and regulatory minefield. US consumer giant Walmart Inc.—which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago—has had its patience tested. It's unlikely to get Flipkart out the door next year: A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.
Placing Indian agriculture on the global map
Farmer producer organisations should be supported per their requirements, which currently are know-how about international standards and scaling
Acting with restraint
Overall, regulators have done a competent job, but they need to work on lack of transparency and overreach
Americans view Musk, Trump as roughly the same, finds poll
ELON MUSK, clad in tuxedo and black tie, took the stage at President-elect Donald Trump's Mar-a-Lago resort shortly after the election with all the swagger of the winning candidate himself.
Biden admin to investigate Chinese semiconductors
PRESIDENT JOE BIDEN'S administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that US officials believe pose national security risks.
UK inflation hits 8-month high in Nov
British inflation hit an eight-month high in November, but the rise in services prices - watched closely by the Bank of England (BoE) as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief.
Guardian's Observer, oldest Sunday paper, sold to Tortoise Media
The owner of Britain's Guardian newspaper confirmed on Wednesday that it has sold The Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee.
China's billionaires are making money for the first time since 2020
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
