PepsiCo to reduce greenhouse gas emissions by more than 40% by 2030 Goldman Sachs upgrades Indian Oil on hope of sharper recovery

Food and beverage major PepsiCo announced plans to reduce the absolute greenhouse gas (GHG) emissions across its value chain by more than 40 per cent by 2030. It has also pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement, PepsiCo said in a statement. PepsiCo plans to reduce absolute GHG emissions across its direct operations by 75 per cent and in its indirect value chain by 40 per cent by 2030 on a 2015 baseline.

Goldman Sachs has upgraded its rating on Indian Oil Corp Ltd to 'buy' from 'neutral' in view of the company's dominant position in India's refining sector and expectation of a sharper medium-term rebound in the sector than what had been anticipated earlier. With this upgrade, all three Indian public sector refiners-cum-fuel-retailers now have a ‘buy’ rating from Goldman Sachs. The international brokerage firm reiterated its ‘buy’ rating on Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd.