Don’t miss the latest developments in business and finance.

Baba Ramdev

Baba Ramdev-led Patanjali Ayurved's total income has risen by 23.15 per cent to Rs 9,335.32 crore in 2023-24, helped by other income which includes OFS of Patanjali Foods (earlier known as Ruchi Soya) and income from other group entities, according to RoC filing by the company. In FY24 Patanjali Ayurved's other income was at Rs 2,875.29 crore against Rs 46.18 crore in the year-ago period, according to financial data accessed through business intelligence platform Tofler. Its revenue from operations, which is mainly income from net sales, was down 14.25 per cent to Rs 6,460.03 crore for the financial year ended on March 31, 2024. Revenue was impacted as Patanjali Ayurved transferred its food business to Patanjali Foods on July 1, 2022, which includes biscuits, ghee, cereals, and nutraceuticals. It reported a five-fold jump in its total profit to Rs 2,901.10 crore in FY24. Patanjali Ayurved reported a total profit of Rs 578.44 crore on a revenue of Rs 7,533.88 crore for the financi

Updated On: 24 Nov 2024 | 4:18 PM IST

The court, however, warned that both of them must comply with all future orders and not repeat their past conduct

Updated On: 13 Aug 2024 | 7:34 PM IST

Patanjali misleading ads case: The lawsuit accused yoga guru Ramdev of undermining public trust in allopathic treatments and promoting misinformation during the Covid-19 pandemic

Updated On: 13 Aug 2024 | 1:33 PM IST

Licences for 14 Ayurvedic products by Patanjali and Divya Pharmacy were suspended by the Uttarakhand government. However, on July 1, the state government revoked its suspension order

Updated On: 31 Jul 2024 | 12:24 PM IST

The Delhi High Court will on Monday pronounce its order on a plea by several doctors' associations against Yoga guru Ramdev over his claim of 'Coronil' being a "cure" for COVID-19. The plea forms a part of a 2021 lawsuit by the doctors' associations against the Ramdev, his associate Acharya Balkrishna as well as Patanjali Ayurveda. Justice Anup Jairam Bhambhani had reserved the order on the issue on May 21 after hearing the parties. According to the lawsuit, Ramdev made "unsubstantiated claims" with respect to 'Coronil' being a cure for COVID-19, contrary to the licence granted to the drug for merely being an "immuno-booster". The senior counsel appearing for the doctors had sought a direction to restrain the defendants, Ramdev and others, from making further similar statements. Three Resident Doctors' Association of the All India Institute of Medical Sciences at Rishikesh, Patna and Bhubaneswar as well as Association of Resident Doctors, Post Graduate Institute of Medical Educati

Updated On: 28 Jul 2024 | 12:18 PM IST

The court had initially restrained Patanjali from selling its camphor products on August 30, 2023

Updated On: 10 Jul 2024 | 3:56 PM IST

Patanjali tells Supreme Court it has stopped selling 14 products whose manufacturing licences were suspended in Uttarakhand

Updated On: 09 Jul 2024 | 4:18 PM IST

The company has also entered a licensing agreement with Patanjali Ayurved for a 3 per cent turnover-based fee

Updated On: 01 Jul 2024 | 9:51 PM IST

Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis". This is subject to the approval of shareholders, lenders and other necessary approvals. The deal will accelerate the company's transition into a leading FMCG company, Patanjali Foods said. The home and personal care business of Patanjali Ayurved currently has strong brand equity in India's FMCG space and enjoys a

Updated On: 01 Jul 2024 | 6:45 PM IST

The District Food Safety Officer of Pithoragarh collected the 'soan papdi' from a shop in Berinag Market in September 2019 following concerns about the Patanjali product

Updated On: 20 May 2024 | 2:41 PM IST

The Supreme Court on Tuesday came down heavily on the Uttarakhand State Licensing Authority for its "inaction" for six years in the misleading advertisements case involving Patanjali Ayurved Limited, saying it has to be honest with the court if it wanted "sympathy and compassion". While expressing dissatisfaction over the explanation offered in the affidavits, including the one filed by the State Licensing Authority (SLA), the apex court questioned why the authority has "woken up" only after the court's April 10 order. "The long and short of it is, when you want to move, you move like lightning and if you don't want to move, you drag your feet forever and ever. This is what it shows," a bench of justices Hima Kohli and Ahsanuddin Amanullah observed after perusing the affidavit filed by the SLA. During the hearing, the bench appreciated the "marked improvement" in the unconditional public apology published in newspapers by yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved L

Updated On: 30 Apr 2024 | 9:05 PM IST

The Supreme Court on Tuesday appreciated the "marked improvement" in the unconditional public apology published in newspapers by yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved Ltd in the misleading advertisements case. A bench of justices Hima Kohli and Ahsanuddin Amanullah told senior advocate Mukul Rohatgi, appearing for Ramdev, Balkrishna and Patanjali Ayurved Ltd, that language of the apology was adequate and the names were also there in it. "I don't know the second apology is on whose vetting. There has been marked improvement," Justice Amanullah said, adding, "We appreciate that. Now finally they have understood." He said earlier when the apology was published, only the company's name was there. "Now the names have come. It is a marked improvement, we appreciate that," Justice Amanullah observed, adding, "The language is adequate." During the hearing, the apex court asked the firm's counsel as to why they have e-filed the apology published in newspapers when the

Updated On: 30 Apr 2024 | 4:26 PM IST

The board of directors of Patanjali Foods discussed the initial proposal received from Patanjali Ayurved

Updated On: 26 Apr 2024 | 9:25 PM IST

Advertising professionals believe that the Supreme Court's action against Patanjali would serve as a deterrent for other brands

Updated On: 24 Apr 2024 | 11:44 PM IST

The Supreme Court has come down heavily on Patanjali Ayurved. Advertising, however, is full of examples where brands have taken it too far

Updated On: 24 Apr 2024 | 10:35 AM IST

"Does it cost the same tens of lakhs of rupees for the full-page advertisements you published? We are wondering," Justice Kohli asked

Updated On: 23 Apr 2024 | 8:27 PM IST

The Supreme Court on Friday asked yoga guru Ramdev to implead the complainants, who have lodged cases against him over his alleged remarks against the use of allopathic medicines during the Covid pandemic, as party in his plea seeking stay of criminal proceedings. The Patna and Raipur chapters of the Indian Medical Association (IMA) have lodged complaints in 2021 alleging Ramdev's remarks were likely to cause prejudice to Covid control mechanism and may dissuade people from availing proper treatment. A bench of Justices MM Sundresh and PB Varale, which was hearing Ramdev's plea seeking stay on criminal proceedings, said he needs to implead the complainants for securing relief in the matter. The bench granted liberty to Ramdev to implead the complainants and posted the matter for hearing after the summer vacations of the apex court, which are starting from May 20. The counsel appearing for the Bihar government said he needed time to file reply in the matter. In his plea, Ramdev ha

Updated On: 19 Apr 2024 | 1:19 PM IST

The apex court says it does not want to be "so generous"

Updated On: 10 Apr 2024 | 9:45 PM IST