INDIA: Coke and Pepsi to face "Quit India" demos
Close to 300,000 protestors are expected to demonstrate outside PepsiCo and Coca-Cola plants in India tomorrow in a "Quit India" campaign.
The Research Foundation for Science, Technology and Ecology (RFSTE), which has been leading action against the soft drinks giants for a while now, said the protestors will form human chains outside 87 of the two companies' plants in the country.
RFTSE claims PepsiCo and Coca-Cola are selling drinks containing pesticides in India.
The soft drink giants Coca-Cola and PepsiCo were struck a blow in December with authorities ordering them to place labels on cans and bottles across the country which spell out the extent of pesticide residues, if any, in the soft drinks.
The ruling came after a legal battle prompted by a 2003 report that alleged that pesticide residue levels in randomly selected Coke and Pepsi bottles were 30 to 36 times higher than norms set by the European Union, due to the use of contaminated ground water.
The companies have always refuted the claims saying their products were safe and complied with all statutory requirements.
The drinks giants have also been under fire over allegations they are draining areas of groundwater from local villages to produce their soft drinks brands.
In the battle of the giants, PepsiCo has stolen a march on Coca-Cola over the last year or so and its performance in the first half of the current fiscal year suggests it is still has the upper hand. ...
A recent report on the UK soft drinks market showed that growth in non-carbonates at the expense of traditional carbonated soft drinks is much less marked in the on-premise sector than in the take-hom...
A departing PepsiCo executive is to be handed a US$4.56m package spread over the next two years for his consultancy services....
The Pepsi Bottling Group has signed a letter of intent to acquire Pepsi-Cola Bottling Company of Charlotte (Pepsi Charlotte) for an undisclosed sum....
The Pepsi Bottling Group today reported second quarter net income of US$148m, or diluted earnings per share (EPS) of $0.59. The results were up on the same period last year as the company grew volumes...
Pepsi-Co. has been removed from a Syrian blacklist of companies which have dealings with Israel, according to a report in the official Syrian newspaper al-Thawra....
Pepsi has launched a new 50cl silver-coloured bottle for its Pepsi light soft drink as part of a major advertising campaign to roll out this summer in Spain....
PepsiCo's president and CFO, Indra Nooyi, has been forced to apologise for remarks she made whilst speaking to the 2005 graduating class of Columbia University's Business School in New York City last ...
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