Latest news with #Spinner
DW
5 days ago
- Politics
- DW
Germany updates: Bundestag elects new constitutional judges – DW – 07/11/2025
Three seats need filling in Germany's Federal Constitutional Court, but the candidates need a two-thirds majority in the split Bundestag. Follow DW for more. Germany's Bundestag is voting on three candidates to take the three empty seats in the Federal Constitutional Court. Due to the need for a two-thirds majority to get a candidate through, the conservatives may be reliant on votes from the far-right Alternative for Germany (AfD), although voting is done in secret. Meanwhile, the Bundesrat, Germany's upper house of parliament, is voting on a proposal for a corporate tax cut that aims to boost investment in Interior Minister Alexander Dobrindt has said he rejects the idea of banning the far-right, populist Alternative for Germany (AfD) party. In an interview with German outlet , Dobrindt — of Chancellor Friedrich Merz's conservative Union list — labeled banning the party as "the fundamentally wrong way." He said such a process could take years, during which time it could get even more difficult to tackle their rising support. Dobrindt also warned that banning the party would lead to the reinforcement of the party's victim role, saying he didn't want to "do this favor for the AfD." Several members of the Social Democratic Party (SPD), the second party in Germany's coalition, have expressed support for a ban. Most recently, Matthias Miersch, head of the SPD in the Bundestag, spoke out in favor of a ban. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The Bundestag, Germany's lower house of parliament, is expected to decide on the appointment of three new judges to the Federal Constitutional Court. The conservative bloc, made from the Christian Democratic Union (CDU) and sister Bavarian party Christian Social Union (CSU), has proposed Federal Labour Court judge Günter Spinner. The Social Democratic party (SPD), the conservatives' coalition partner, has nominated law professors Frauke Brosius-Gersdorf and Ann-Katrin Kaufhold. A two-thirds majority is needed for judges to be elected to the high court. The far-right AfD has said it would support Spinner, but not the SPD candidates. The conservative may be reliant on AfD votes to get its candidate through as it has so far rejected talks with the Left Party. However, votes are secret so it will not necessarily be clear if the AfD votes are what gets Spinner across the line. As for the SPD candidates, the CDU has expressed doubts over Brosius-Gersdorf's appointment, citing alleged plagiarism. They had already viewed her as too liberal on the topic of abortion and her advocating for mandatory vaccination during the COVID-19 pandemic. Germany's conservatives would therefore like to postpone the vote on Brosius-Gersdorf's appointment. Based in the southern German city of Karlsruhe, the Federal Constitutional Court ensures compliance with the country's constitution, known as Basic Law. Germany's upper house of parliament, the Bundesrat, is set to vote on tax breaks running into the billions of euros as the government seeks to support companies and boost investment. The package includes more options for businesses to account for the depreciation in the value of their machinery, a move intended to increase investment, while also promising to gradually reduce Germany's corporate tax rate from 15% to 10% by 2032. The tax cut could result in costs at the federal, state and local levels of up to €48 billion ($56 billion). The federal government has agreed to cover the loss in taxes for German states, some of which are heavily in debt, until 2029. The Bundesrat is also expected to vote on extending rate controls in some residential areas until the end of 2029. The current measures, only in place in limited areas, limit rents to 10% above the local average. Both measures being voted on on Friday were part of the coalition agreement between the center-right Union bloc and the center-left Social Democrats. Good morning and thank you for joining us today as we bring you the latest news, explainers and analysis from Germany. Several key votes are set to take place today. The German upper house of parliament, the Bundesrat, is set to vote on a corporate tax cut as well as rent control measures. Meanwhile, the lower house, the Bundestag, is set to vote on new judges to be appointed to the constitutional court. A split is also emerging between Germany's ruling coalition over calls to ban the far-right Alternative for Germany (AfD) party. Follow our blog for all this and more!
India.com
21-06-2025
- Business
- India.com
Mukesh Ambani makes big move to compete with Coca-Cola and Pepsi, to invest Rs 80000000000 crores in...
Mukesh Ambani makes big move to compete with Coca-Cola and Pepsi, to invest Rs 80000000000 crores in... Mukesh Ambani's company Reliance Consumer Products Limited (RCPL) is going to make a big investment on its beverage brands. The company will invest up to Rs 8000 crore in the next 12-15 months. This investment will be made to increase the production of Campa and other beverages. Reliance Consumer wants to strengthen its hold in the market with this investment. Reliance Consumer is ready to compete with big companies like Coca-Cola and PepsiCo. Also, the company aims to challenge small, regional brands present across the country. According to Economic Times, the company is planning to open about 10-12 new factories. The company will build some factories itself and will work in collaboration with other companies in some. Biggest investment ever An official said that this is the largest investment ever made by RCPL. RCPL started working as a subsidiary of Reliance Retail Ventures in 2022. The official also said that this investment is being made jointly by Reliance and some of its partners. The total investment will be Rs 6000 to 8000 crore. Plant will in Bihar In February, Reliance started a plant in Guwahati. This plant has been started in collaboration with local company Jericho Foods and Beverages LLP. Soft drinks and water are made in this plant. This plant fulfills the needs of the Northeast region. The company is also going to set up another plant in Bihar. So far, Campa and other beverages are being made in 18 plants. All these plants have been built under co-investment. This means that along with Reliance, other companies have also invested money in them. Partnership with Muralitharan Reliance Consumer's beverage portfolio includes several brands. These include flavors like Campa Cola, Orange and Lemon. Apart from this, Sosyo soft drinks, Spinner sports drink, Sun Crush juice, fruit-based hydration brand RasKik and Independence Water are also included. Reliance Consumer has partnered with former Sri Lankan cricketer Muttiah Muralitharan. Spinner sports drink will be made and sold in this partnership. This drink will be available in a 250 ml bottle for Rs 10. It is much cheaper than PepsiCo's brands like Gatorade and Sting.
Time of India
19-06-2025
- Business
- Time of India
Challenging Coca-Cola & PepsiCo: Reliance to invest up to Rs 8,000 crore in Campa, beverages expansion over next 15 months
Challenging Coca-Cola & PepsiCo: Reliance to invest up to Rs 8,000 crore in Campa, beverages expansion over next 15 months Reliance Consumer Products (RCPL), the FMCG arm of Mukesh Ambani-led Reliance Retail, is set to invest between Rs 6,000 crore and Rs 8,000 crore over the next 12–15 months to scale up its beverage portfolio, including the iconic Campa brand. The move marks RCPL's most significant capital outlay since its launch in 2022. According to a ET report, the investment will support the addition of 10–12 new greenfield and co-packing plants across India, a move aimed at challenging established players like Coca-Cola and PepsiCo, as well as low-cost regional competitors. "The capex is being done on a combined investment of Rs 6,000–8,000 crore by Reliance and some of its partners," a senior executive told the publication. RCPL's beverage portfolio includes Campa Cola, Orange and Lemon, Sosyo, Sun Crush juices, the Spinner sports drink co-created with former Sri Lankan cricketer Muttiah Muralitharan, and the fruit-based hydration brand RasKik. The company is also setting up a facility in Bihar, in addition to the plant in Guwahati built in partnership with Jericho Foods and Beverages to serve the Northeast. Spinner is priced aggressively at Rs 10 for a 250ml bottle, less than half the cost of rival drinks like Gatorade and Sting, demonstrating RCPL's strategy to undercut the market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 유일한 공식 무료 SOC 게임! 설치도 없습니다! 경복의 바다 다운로드 Undo 'RCPL is focusing on 600 million mass consumers and is working closely with neighbourhood stores by giving them margins at today's cost,' RCPL Director T Krishnakumar had earlier told ET in an exclusive interview. So far, RCPL beverages are produced in 18 co-invested plants. While the company's distribution remains selective, Reliance plans to make its consumer products available nationally by March 2027, with about 70% coverage by March 2026 for key categories like beverages, Krishnakumar said. The broader consumer portfolio includes Sil jams and spreads, Lotus Chocolate, Toffeeman and Ravalgaon confectionery, Alan's Bugles snacks, Velvette personal care products, and the Independence staples range. Notably, most of the company's 15 brands have been acquired since its entry into FMCG in 2022. As per news agency PTI, RCPL's revenue in FY25 touched Rs 11,500 crore, making it the fastest-growing vertical within Reliance Retail. Campa and Independence brands each surpassed Rs 1,000 crore in sales, contributing to RCPL's 3.5X year-on-year growth. Reliance Retail CFO Dinesh Taluja said during an earnings call that Campa has already achieved a double-digit market share in its available regions. The company now reaches over one million retail outlets via a network of 3,200+ distributors, and has begun exploring export opportunities in select international markets. Despite a weather-affected summer, India's beverage market, estimated at Rs 67,000 crore, is projected to more than double to Rs 1.47 lakh crore by 2030, according to think tank ICRIER. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
19-06-2025
- Business
- Business Standard
Reliance to invest up to ₹8,000 crore to expand beverage business
Fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, Reliance Consumer Products Ltd (RCPL), is set to invest between ₹6,000-₹8,000 crore over the next 12-15 months to expand its beverage manufacturing capacity, according to a report by The Economic Times. The investment, which would be Reliance's most significant capital outlay in the consumer products space to date, will reportedly fund the addition of nearly 10 to 12 new manufacturing facilities across India. This will include greenfield plants and co-packing facilities operated with partners. This marks Reliance' largest investment in the consumer products sector to date, and is intended to boost competitiveness against Coca-Cola, PepsiCo, and regional brands. According to the report, a major portion of the new investment will go into joint ventures. A plant was opened earlier this year in Guwahati with Jericho Foods and Beverages LLP, and another is reportedly under construction in Bihar. Reliance Consumer Products was launched in 2022 as a wholly owned subsidiary of Reliance Retail. Its portfolio spans a growing number of popular beverages under brands like Campa Cola, Sosyo, Spinner, RasKik, and Independence, as well as packaged foods and personal care products under labels such as Sil, Lotus Chocolate, and Ravalgaon. The company currently manufactures beverages across 18 plants, all of which are run through joint investments. Spinner, a ₹10 sports drink brand launched with former Sri Lankan cricketer Muttiah Muralitharan, is among the newer offerings aimed at undercutting established players like Gatorade and Sting. Reliance Consumer Products targets the lower end of the consumer market with a pricing strategy that undercuts rivals by 20 to 40 per cent. The company aims for full national availability by March 2027, with beverages reaching 70 per cent coverage by March 2026. Reliance Consumer Products reported ₹11,500 crore in revenue in 2024-25, with Campa and Independence each crossing ₹1,000 crore in sales, despite summer sales being impacted by early monsoon rains.
Time of India
18-06-2025
- Business
- Time of India
Reliance Consumer to pour ₹8,000 crore into soft drinks business
New Delhi: Reliance will invest up to Rs 8,000 crore on capacity expansion of Campa and other beverage brands in its portfolio over the next 12-15 months, people directly aware of the development said. Mukesh Ambani-owned Reliance Consumer Products (RCPL) is adding nearly 10-12 new greenfield and co-packing plants to step up its challenge not only against larger rivals Coca-Cola and PepsiCo, but also against dozens of low-priced regional brands across the country, one of the executives said. The proposed capex investment is the largest yet by RCPL, which started operations in 2022 as a wholly owned subsidiary of Reliance Retail Ventures. "The capex is being done on a combined investment of Rs 6,000-8,000 crore by Reliance and some of its partners," said the executive cited above. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo In February, Reliance set up a plant in Guwahati along with local partner Jericho Foods and Beverages LLP to manufacture soft drinks and water, and cater to the Northeast region. Another facility is coming up in Bihar. Live Events The FMCG company's beverages portfolio includes Campa Cola , Orange and Lemon, Sosyo soft drinks, Spinner sports drink, Sun Crush juice, fruit-based hydration brand RasKik, and Independence water. Reliance Consumer has partnered with former Sri Lankan cricketer Muttiah Muralitharan to co-create, manufacture and sell Spinner sports drinks at Rs 10 for 250 ml bottles, less than half the price of rivals such as PepsiCo-owned Gatorade and Sting. So far, Campa and other beverages are being manufactured in 18 plants, all of which are co-investments. The company also makes and sells Sil jam and spreads, confectionery brands Lotus Chocolate, Toffeeman and Ravalgaon, Alan's Bugles snacks, Velvette shampoo, and self-created brands such as Independence staples. Most of its 15 brands are acquired. Availability of its brands, however, is currently restricted to select markets. An email sent to RCPL remained unanswered until press time Wednesday. The company wants to ensure its consumer portfolio is available nationally by March 2027, with about 70% availability by March next year for categories such as beverages, its director T Krishnakumar had told ET in an exclusive interview last month. "For any product to be scaled in an intense manner, you need 24-30 months, because anything less than that, you can't do a decent job," he had said. RCPL is following a strategy of focusing on "600 million consumers at the mass end and working closely with neighbourhood stores by giving them margins at today's cost," Krishnakumar had said in the interview. Reliance has priced its cola, sports, hydration and juice drinks at about 20-40% lower than Coca-Cola, PepsiCo, Tata Consumer Products and Dabur, forcing the incumbents to accelerate consumers promotions, trade margins, and introducing more smaller, lower priced packs selectively. The ongoing summer season, though, has been severely impacted on account of unseasonal rains and early onset of monsoon. According to think tank ICRIER, India's beverages industry, which includes carbonated soft drinks, juices and water, is estimated at Rs 67,000 crore and expected to touch sales of Rs 1.47 lakh crore in sales by 2030. In FY25, RCPL reported revenue of Rs 11,500 crore, with Campa and Independence crossing Rs 1,000 crore each in sales. The brands' overall reach crossed one million stores last fiscal, the company said in its earnings report.
