Microsoft & Nestle:
 |
| Globalinfo9 |
1/2 - Microsoft: Training for 75,000 women developers
Microsoft CEO: Satya Nadella
Bengaluru: Microsoft CEO Satya Nadella has announced that India is expanding the program to teach 'coding without obstacles'. Microsoft will launch this scheme in 9 Asia-Pacific countries in 2021 itself. According to Microsoft CEO Satya Nadella, skill training will be given to 75,000 women developers in India by the end of this year. He mentioned that the role of Indian developers will be crucial in further expanding artificial intelligence (AI) innovation. We will start this skill training from this month. This will provide more networking opportunities for women developers, coders, and those working in technical roles,' explained Satya Nadella. He said that the organization has brought this program to reduce gender discrimination in the fields of cloud, AI, and digital technology.
2/2 - Nestle investments of Rs.6,000-6,500 crores
Delhi: FMCG giant Nestlé has committed to invest Rs 6,000-6,500 crore between 2020-2025 to expand its manufacturing operations in our country, said Suresh Narayanan, CMD of the company. Keeping in view the growing demand, investments are being made for capacity expansion, he said. Nestlé India has invested up to Rs.7,000 crore here since the start of domestic operations till 2020. Suresh explained that the company's investments in the last five years are more than those made in the last 20-25 years. Between 2000-2020, the company has invested only Rs.2,000 crore here. It has announced an investment of Rs.5,000 crore for expansion in 2022. It is ready to make these investments by 2025. Between 2020-23 Rs. Suresh said that they have invested 3,200 crores. In 2023, Nestlé's sales will cross Rs.19,000 crore. Our country is one of the top 10 markets for Nestlé SA, a multinational company based in Switzerland.
Nestle is one of the world's largest food and beverage companies, with a wide range of products spanning from baby food to bottled water, dairy products, chocolate, coffee, and more.
History: Nestle was founded in 1866 by Henri Nestlé in Vevey, Switzerland. The company initially focused on infant food products, particularly its flagship product, infant formula. Over the years, Nestlé expanded its product lines through acquisitions and diversification.
Products: Nestle's product portfolio includes well-known brands such as Nescafé (coffee), KitKat (chocolate), Maggi (instant noodles and seasonings), Purina (pet food), Nestea (beverages), Nestlé Waters (bottled water), and many others.
Global Presence: Nestle operates in more than 180 countries worldwide, with a significant presence in both developed and emerging markets. Its products are available across various distribution channels, including supermarkets, convenience stores, online platforms, and vending machines.
Corporate Structure: Nestle is organized into various business segments, including powdered and liquid beverages, milk products, ice cream, prepared dishes and cooking aids, confectionery, and pet care, among others. Each segment focuses on specific product categories and markets.
Sustainability:
Nestle has made commitments to environmental sustainability and social responsibility. The company aims to reduce its environmental footprint, promote responsible sourcing of raw materials, and enhance the nutritional value of its products. Nestlé has set ambitious targets to achieve zero net greenhouse gas emissions by 2050 and to make 100% of its packaging recyclable or reusable by 2025.
Controversies: Like many large multinational corporations, Nestle has faced criticism and controversies over its business practices. These include concerns about the marketing of infant formula in developing countries, water bottling practices in water-stressed regions, and allegations of unethical sourcing of raw materials.
Financial Performance: Nestle is a publicly traded company listed on several stock exchanges, including the SIX Swiss Exchange and the New York Stock Exchange (NYSE). It consistently ranks among the world's top food and beverage companies in terms of revenue and market capitalization.