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BW Businessworld

News In Pictures: 24 April 2009

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Coca-Cola Co sees India as one of its key markets and is committed to its planned investment of $250 million announced last year, a company official said on Friday. Coca-Cola and its smaller rival PepsiCo are increasingly relying on developing markets like China, India and Russia for growth, as North American sales of traditional soft drinks have slowed amid a growing consumer emphasis on health and an economic slowdown. (Reuters)


Ranbaxy Laboratories said on Friday it anticipates a loss of $150 million on sales of $1.4 billion in the year ending December 2009. Ranbaxy, in which Japan's Daiichi Sankyo owns about 64 per cent, had posted a net loss of $187 million in 2008. (Reuters)


Nomura Holdings Inc suffered a $2.2 billion quarterly loss as it shouldered costs to integrate Lehman Brothers' operations, but the acquisition is starting to give Japan's largest broker a stronger pipeline for new deals. (Reuters)