National Consumer Disputes Redressal Commission last month cleared Nestle India in consumer complaint which accused Maggi Noodles of violating food safety norms.
Products sold in low & middle-income countries have added sugar, finds investigation by Public Eye & IBFAN. Nestlé India says added sugars reduced by up to 30% in past 5 years.
Revenue from operations climbed 18.3% as sales of its chocolates, Maggi noodles & Sunrise and Nescafe brands of coffee rose, helped by robust advertising expenditure.
The government is seeking damages worth Rs 640 crore from Nestle for causing harm to consumers by using unfair trade practices & false labeling for Maggi noodles.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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