Indra Nooyi to step down as CEO – PepsiCo 62-year-old Indra Nooyi will step down on October 3, 2018 after 24 years with the company. She will remain as chairman until early 2019. After serving PepsiCo Inc for 12 years as the chief executive officer (CEO), Indra Nooyi would step down from the post in October.…
Maggi market share, touches pre-crisis level Nestle India’s instant noodles brand Maggi has attained over 60 per cent market share and almost touched the pre-crisis level in value terms, said a top company official. However, volume-wise Maggi is still away from the pre-crisis period, when Nestle used to dominate…
Facebook spent USD 24.7 million – Zuckerberg While Facebook has spent USD 24.7 million on Zuckerberg’s protection since 2013.. For the world’s sixth-richest person, it doesn’t necessarily amount to much. It costs a lot to keep Mark Zuckerberg safe Facebook Inc spent $7.33 million last year protecting its…
Launched BMW X1 sDrive20d M Sport in India; Rs 41.5 lakh BMW India has introduced a fully-loaded M Sport variant of the X1 sDrive 20d. The front-wheel driven X1 sDrive20d is Rs 3 lakh more affordable than the xDrive version of the SUV. BMW vehicles with the suffix ‘xDrive’ come with an all-wheel-drive setup while…
Morgan report says India’s GDP growth 7.5% India’s economic growth momentum is likely to pick up further in the April-June period and the country is expected to clock GDP growth of 7.5 per cent in this financial year, says a Morgan Stanley report. “In aggregate, we expect GDP growth to pick up to 7.5 per cent in…
Bajaj Auto sales 30 per cent increase Domestic sales were at 2,37,511 units as against 1,86,497 units, up 27 per cent.Bajaj Auto on Wednesday reported 30 per cent increase in sales at 4,00,343 units in July. The company had sold 3,07,727 units in the year-ago month, Bajaj Auto said in a statement. Domestic sales were…
Dabur india net profit Homegrown FMCG major Dabur India today reported 24.59 per cent rise in consolidated net profit to Rs 330 crore for the first quarter ended June 30, 2018-19, driven by volume growth in key categories. It had posted a net profit of Rs 264.86 crore in the April-June period of the last fiscal, Dabur…
ICICI Bank Shares 4 percent post Shares of ICICI Bank rose nearly 4 per cent today even as the company posted its maiden quarterly loss in more than a decade for the quarter ended June. After opening the day on a positive note, shares of the company further moved up by 3.40 per cent to Rs 303.30 on BSE. On NSE, shares…
NASA to announce SPACEX Flights – Aug 3 NASA will announce on August 3, the astronauts assigned to crew the first flight tests and missions of the Boeing CST-100 Starliner and SpaceX Crew Dragon, and begin a new era in American spaceflights, the space agency said in a statement on Thursday. The agency will also…
Hyundai to launch an electric SUV in India Hyundai had showcased EV models Ioniq and Kona during the auto expo earlier this year in Delhi. The company, which is present in the country through a wholly-owned subsidiary, said it aims to leverage its global technology prowess to bring in the most appropriate and relevant…