The road ahead is not expected to be easy for one of India's best-loved brands
Swiss FMCG major Nestle today said the negative impact of withdrawal of Maggi in Indian market will continue in the second half of the year. The company, which posted a 4.5 per cent increase in sales at 42.8 billion Swiss Franc (about 43.8 billion USD) in the first half of the year, said its sales in Asia, Oceania and sub-Saharan Africa (AOA) markets were "overshadowed" by the issue in India. "In India, our withdrawal of Maggi noodles resulted in a negative organic growth, which will continue into the second half. We are engaging fully with the authorities as we work to relaunch the product," the company said in a statement. "The trading operating profit margin of zone AOA was affected by the withdrawal and destruction costs of the returned products in India, which have already had a material impact in the first half of the year," Nestle said. India's central food safety regulator FSSAI had banned the Maggi instant noodles, saying it was "unsafe and hazardous" for
The Bombay HC has directed Nestle to send the samples of Maggi noodles to 3 accredited labs for testing
Food Safety & Standards Authority of India (FSSAI) will take a decision on whether to move Supreme Court against the Bombay High Court order on the Maggi case, after it has gone through the full verdict. An FSSAI official told Business Standard, ''we are yet to receive a copy of the order. We can talk about it once we have read it,.'' Sources said a decision was expected later in the evening.
The Bombay HC has set aside the 5th June ban and recall order of food regulator FSSAI on Nestle's maggi noodles.
UP court summons Nestle India, Easyday on July 1
UP FDA had picked up in Barabanki a batch of Maggi contaminated with lead and monosodium glutamate
District collectors have been directed to ensure that no food items under Maggi noodles brand is available in the market
Commercial general liability insurance cover that the firm availed of usually only pays for bodily damages
FSSAI, Maharashtra govt and state FDA asked to file replies, next hearing on June 30
FSSAI's action against Maggi and other food companies has come under some flak after Food Processing Minister Harsimrat Kaur Badal said the action of the regulator has created an environment of fear
Said the product approval given to Nestle, with respect to Maggi, was on the basis of the information provided by the company
Etienne Benet will be replaced by Suresh Narayanan, a former Nestle India executive and currently chief executive of the company's Philippines unit
The company was awaiting onward transportation to the incineration centre
In a first such action against any company, the Centre has sought compensation of around Rs 640 crore or around $100 million from Swiss food major Nestle for damages caused by Maggi noodles to Indian consumers. Officials at consumer affairs ministry said the quantum of damages was revised from the earlier estimate of Rs 426 crore at the time of filing the complaint with National Consumer Disputes Redressal Commission (NCDRC) on Tuesday, following advice from the law ministry. This is the first time that Consumer Affairs Ministry has dragged a company to the NCDRC, using a provision in the nearly three-decade-old Consumer Protection Act. Terming it a ''class action suit'', an official said the move was meant to send a strong message to companies that they cannot sell sub-standard products in the country and put consumers' health at risk. The damages are linked to unfair trade practices, false labeling and misleading advertisements. The damages have been clubbed under various sections ..
The US regulator, after conducting tests to detect lead in the noodles, found it to be safe for human consumption
Conflict intensifies as verdict on recall of Maggi case in Bombay High Court is due tomorrow
Companies agree to stringent tests to check adulteration
The Food Safety and Standards Authority of India (FSSAI) has seized 200 quintals of instant noodle Maggi from a warehouse on outskirts of the city, a senior Uttar Pradesh Food Safety and Drug Authority said. The central drug officer seized 200 quintals from a company owned gowdown in Banthara area, Additional Food Commissioner (Administration) Ram Araj Maurya said. He, however, said that further details could be revealed only by central authorities. Last week, one more sample of instant noodle Maggi had failed laboratory test in the city, according to a senior UP FDA official. "A sample which was taken from Deoria has failed the lab test," Additional Commissioner (Food) FDA Vijay Bahadur Yadav had said adding that more than 100 samples are being tested.
To move NCDRC on behalf of consumers over alleged unfair trade practices by the firm