Suiting fabric maker Raymond today said it has infused Rs 61.68 crore in Raymond Luxury Cottons Ltd (RLCL) by subscribing to equity shares.
Food Safety and Standards Authority of India (FSSAI) approached the apex court, terming the High Court's August 13 order as "erroneous" and questioned the sanctity of the samples provided for re-test to government-approved labs.
Nestle's Maggi has made a comeback in to the market after a gap of five months, and customers have literally lapped up the first batch of offerings that had 60,000 welcome kits in a matter of minutes.
Oil Minister Dharmendra Pradhan on Friday hinted of stopping supply of subsidised cooking gas (LPG) to the well-off as only 42.5 lakh out of nearly 15 crore cooking gas consumers have so far voluntarily give up subsidy.
United Spirits Ltd will scale back its roster of more than 150 brands and focus on the faster-growing top end, hoping to bolster its fortunes in a market dominated by cheaper, local names.
Nestle SA, the world's largest packaged food company, plans to resume sales in India of its Maggi noodles in November, a spokesman for the Swiss group said on Monday.
Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world's second-largest economy beat expectations in the third quarter.
The Congress government in Karnataka on Monday decided to allow manufacture and sale of Maggi noodles in the state as it decided to withhold the Centre's directive banning it, saying it lacked clarity.
Homegrown firms in the fast moving consumer goods (FMCG) sector have outpaced many multinational companies in growth and market cap because of better consumer connect, inorganic growth and entry into global markets, says a report.
Indian mills have contracted exports of almost 100,000 tonnes of homegrown white sugar, but will likely struggle to meet an ambitious government target, traders said.
Prices of select pulses fell up to Rs 500 per quintal at wholesale market in the national capital on Monday, on the back of a series of measures announced by the government to curb rising prices and speculative activity.
FMCG firm Dabur India Ltd on Monday said sales of its Real brand fruit juices in India may be affected due to blockade of certain Indo-Nepal border crossings.
To prevent hoarding of pulses and check a rise in prices, the Centre on Sunday imposed stock limits on pulses held by licenced food processors, importers, exporters as well as large departmental retailers such as Big Bazaar.
Nestle, famous for its coffee and chocolate, is stepping up investment in nutritional therapy, a business it believes will eventually generate annual sales of 10 billion Swiss francs ($10.5 billion).
Samples of Maggi instant noodles tested by three laboratories mandated by the Bombay High Court have been found to be safe, Nestle India said on Friday. The announcement led to a 7 per cent rally in Nestle India shares.