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.
Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.
To support the move, Nestle is also planning a communication thrust for messaging and advertising, which will be more rural centric.
Equity benchmark indices swung higher during early hours on Thursday following a spurt in Asian markets with banking stocks taking a lead.
The Madras High Court has made it clear that laudatory expressions like 'Magic Masala' and 'Magical Masala' cannot be monopolised and use of similar expressions would not amount to passing off under the Trademark Act.
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.
Authorities said samples were collected in November last year and were sent for lab test, which had found ash content above the permissible limits of human consumption.
Barabanki: There is no end in sight for troubles that Nestle India, the manufacturer of Maggi noodles, is facing. A First Information Report (FIR) was filed against the company in Barabanki district of Uttar Pradesh
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