The world's largest beverage maker last week announced that it would nearly halve its operating units and lay off 4,000 workers as the business has been severely hit by the COVID-19 pandemic

The company said it would have nine operating units that would sit under four geographical segments, along with global ventures and bottling investments divisions, compared with its current model that includes 17 business units

Amid rising coronavirus cases and the world still waiting for a vaccine, food brands today are riding the wave of 'immunity boosting products' led by consumer demand

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, to divest bottling operations in four territories in north of India

Coca-Cola held talks with CCD last month to acquire a substantial stake in India's largest coffee chain.

With demand for packaged ethnic drinks jumping 32% over the last three years, three times the pace of carbonated beverages, the cola giant is now localising its product portfolio, starting with its version of jal jeera and aam panna

Soft drinks behemoth Coca Cola has set its sights on GlaxoSmithKline Consumer Healthcare's consumer nutrition business, which includes popular brand Horlicks. Coca Cola joined other bidders Nestle, Danone and HUL in race for GlaxoSmithKline's Horlicks brand. Watch BusinessToday.In video to find out more about Coca Cola and its efforts to gain entry into the nutrition business.

Nestle, Danone and Hindustan Unilever (HUL), among other firms, are reportedly also in the race for GlaxoSmithKline Consumer Healthcare (GSKCH), whose product line-up includes Horlicks, Boost, and Maltova among others.

GlaxoSmithKline shares rise as Coca Cola enters race to buy its consumer nutrition businessThe GlaxoSmithKline Consumer Healthcare stock rose in early trade amid a report that global soft drinks behemoth Coca Cola was planning to buy the former's consumer nutrition business. Nestle, Danone and HUL among other firms are also eyeing GlaxoSmithKline's consumer nutrition business.The maker of Thums Up, Minute Maid juice and Kinley water has moved its focus to launches in the 'healthie...

The stock opened at 6,077 level  on BSE today. It has been gaining for the last two days and has risen 6.97% during the period.