Important market events that went by
1) Pepsico Inc overtook Coca-cola company in terms of market-cap after 112 years! First of all, it is interesting to know that these companies existed for more than 112 years. Pepsico was able to achieve this status because it started diversifying into other businesses much earlier than Coca-cola realised the potential of other businesses. Now, Pepsico is the market-leader in all the other businesses which it diversified. Kudos to the leaders at Pepsico!
2) ICICI Bank overtook State Bank of India (SBI) in terms of market-cap. This is mainly due to the recent issue of $1.8 billon worth of equity shares. This stock is still going gung-ho even after this major equity dilution because of FII interest. K.V.Kamath is definitley a great leader and now he has planned to foray into global & rural banking.
posted by Arunkumar Ayyavu @ 1:58 AM
2 comments
2 Comments:
Pepsico and diverse? Do you need 'Lays' and 'Kurkure' ?
sai, frito-lays is one thing. but pepsico produces tropicana juices, gatorade sports drinks, aquafina bottled water and quaker cereals too. and they are the market leader in all these categories. do you know people around the world are preferring more of non-carbs than ever? don't you need these non-carbs?
well, i may dislike or like lays or kurkure. but pepsico earns major portion of their revenue from this division and this clearly indicates that the world finds it as better option. :)
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