CAIT urges government to take action against Maggi brand ambassadors
The brand ambassador have given health guarantee to the public, which is not based on any adequate or scientific judgement and therefore makes them liable to face prosecution for violation of Section 24 of FSSAI Act, 2006, it added.
Jun 07, 2015, 18:23 PM IST
Nestle India: Rs 19-cr for quality testing, Rs 445 cr for ads
An analysis of the annual financial accounts of the Indian arm of the Swiss multinational giant Nestle shows that the expenses towards employees have risen the most in the last five years -- up by about 75 per cent from Rs 433 crore in the year 2010 to Rs 755 crore in 2014.
Jun 07, 2015, 16:04 PM IST
Why Nestle can't and won't forfeit Brand Maggi
As Nestle braces to regain consumer trust over safety of its popular noodles, the jolt on its India operations will be severe, given the position "Brand Maggi" has enjoyed in its ecosystem, analysts said. But all may not be lost either, for a marquee brand built over three decades.
Jun 07, 2015, 15:52 PM IST
Regulator orders recall of all Maggi noodle variants, will bring back snack soon: Nestle
Late last evening, Nestle India decided to take Maggi noodles off the shelves after a controversy erupted over the alleged presence of lead and MSG in the instant snack.
Jun 05, 2015, 16:36 PM IST
Maggi row: Reliance Retail removes all 11 instant noodle brands across India
Reliance Retail on Friday removed all 11 instant noodle brands from its 2,621 stores in over 200 cities.
Jun 05, 2015, 15:33 PM IST
Nestle shares continue to fall; down 3% on Maggi row
On the NSE, the stock ended with a loss of 2.94 percent at Rs 6,004.45.
Jun 04, 2015, 18:11 PM IST
Walmart, Metro withdraw Maggi from wholesale stores in India
Walmart and Metro AG have withdrawn Nestle's Maggi noodles from their wholesale stores in India in the wake of food safety issues pertaining to the brand.
Jun 04, 2015, 17:22 PM IST
Big Bazaar bans sale of Maggi Noodles
Future Group-run store Big Bazaar has taken the Maggi noodles off its shelves day after the Delhi government found samples of the instant noodles unsafe for consumption.
Jun 03, 2015, 14:22 PM IST
Nestle Q1 profit up 23% to Rs 320.28 crore
Shares of Nestle today closed at Rs 7,012.80 per share on BSE, up 2.68 percent from previous close.
May 15, 2015, 19:50 PM IST
Nestle Q4 Net up 16% at Rs 326.38 crore
The company, which follows January-December financial year, had posted a net profit of Rs 281.66 crore during the October-December quarter of 2013-2014.
Feb 13, 2015, 18:10 PM IST
Nestle to strengthen India presence
The company, which sells brands like Maggi and Kit Kat in the country, remains optimistic about India's long-term growth potential.
Nov 05, 2014, 15:27 PM IST
Nestle Q3 net up 9.22% at Rs 311.29 crore
Net sales of the company rose to Rs 2,557.8 crore for the third quarter, up 8.92 per cent compared to Rs 2,348.31 crore in the corresponding period of previous year.
Oct 28, 2014, 18:49 PM IST
Nestle`s nine-month sales plunge 3.1%, shares fall
The world`s leading food industry group Nestle on Thursday posted slumping nine-month sales, blaming the strength of the Swiss franc, as its stock price plunged.
Oct 16, 2014, 16:35 PM IST
Nestle recalls ice cream that fails to note peanuts in labelling
Nestle USA is recalling 10,000 packages of chocolate peanut butter ice cream that were incorrectly labeled as another flavor, putting consumers with peanut allergies at risk, the company said.
Jun 28, 2014, 23:13 PM IST
