Switzerland cited a 2023 ruling by Supreme Court in a case relating to Vevey-headquartered Nestle for its decision to withdraw the MFN status. This means that Switzerland will tax dividends that Indian entities will earn in that country at 10 per cent from January 1, 2025.
The Commission acknowledged the report and emphasized its concern regarding the potential health risks posed to infants and young children by the high levels of added sugar. It has directed the FSSAI to investigate the matter and provide necessary information within a span of 7 days.
A recent report by Public Eye, a Swiss watchdog group, has sparked controversy over Nestle's practices in infant food. The report alleges that Nestle adds sugar to its Cerelac baby cereal sold in India and other low-income countries, while the same product is sugar-free in Europe.
Nestle's domestic sales increased by 8.86 per cent to Rs 4,421.79 crore, driven by pricing and mix growth, particularly notable in e-commerce and out-of-home channels.
The temple body owns land parcels and buildings in different parts of the country. According to officials, TTD revenues are increasing thanks to the rise in cash and gold offerings made by devotees. Due to increase in interest rates, the temple body is earning more on fixed deposits in the banks.
According to the company, the travel packs of Kitkat having Lord Jagannath pics were meant to celebrate beautiful local destinations. Nestle, which owns brands such as Maggi, Nescafe, Milkmaid, Munch and Milkibar, said it wanted to celebrate the culture of Odisha with designs on packs representing 'Pattachitra'. As soon as the picture spread on the internet, it created a rage amongst Netizens.
To support the move, Nestle is also planning a communication thrust for messaging and advertising, which will be more rural centric.
Swiss Food company and drink major Nestle on Thursday said it would invest around USD 3.6 billion over the next five years to cut greenhouse gas emissions across its manufacturing locations.
Coronavirus outbreak: Online marketing giant Amazon has asked its nearly 800,000 workers to postpone any non-essential travel within the United States or around the globe. The deadly virus has claimed over 3,000 lives across the world so far.
For this CSR initiative 'Serve Safe Food' in Assam, the company has tied up with the Department of Health and Family Welfare of the state government and National Association of Street Vendors of India (NASVI).
Nestle India will replace Indiabulls Housing Finance in the benchmark Nifty 50 index from September 27, the National Stock Exchange (NSE) said on Wednesday.
The top court had on December 16, 2015 stayed the proceedings before the NCDRC and directed the CFTRI (Central Food Technological Research Institute, Mysuru) to place its test report before it.
The total income in Q4, 2017 stood at Rs 2,652.55 crore, up 10.45 per cent from Rs 2,401.56 crore earned in Q4, 2016.
Nestle India has joined hands with e-commerce giant Amazon for the launch of its new Nutri-Licious range of Maggi noodles.
Nestle's ambitious 'health drive' will see the company reduce salt and sodium in Maggi and cut sugar by 10 pc in KitKat and dairy products
Global food and nutrition giant Nestle on Thursday said it has regained leading market share after growth in India turned positive in June on good progress with relaunch of Maggi noodle. "Growth in India turned
New Delhi: Nestle India today posted a 19.1 percent YoY drop in net profit in the January-March quarter of 2016 at Rs 259 crore from Rs 320 crore in corresponding quarter last fiscal. Domestic sales
Looking to claw back its market share in instant noodles segment, Nestle India has relaunched vegetable atta noodles and oats variants of Maggi.
New Delhi: Nestle India will bring back the chicken variant of its popular Maggi noodles online through Snapdeal from February 11 with pre-registration for the limited edition packs to be open till 2300 hours on
New Delhi: The Supreme Court today sought the Centre's response to a plea of Nestle India Ltd against an order for testing of 16 more samples of Maggi noodles in connection with the government's Rs
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