Top Story

e4m_logo.png

Home >> Marketing >> Article

Bombay HC allows Nestle India to export Maggi noodles

01-July-2015
Font Size   16
Share
Bombay HC allows Nestle India to export Maggi noodles

Amidst all the negative news, Nestle India finally got a ray of hope, as the Bombay High Court today allowed the company to export Maggi noodles. The stock reacted to the news and it is currently trading at Rs 6,250, up 3 per cent on the Bombay Stock Exchange.

In the meantime, the court has also adjourned the Nestle India Vs Food Safety and Standards Authority of India (FSSAI) case to July 18. As a result of this, both Bombay High Court and #Nestle were trending on Twitter. According to reports, the company informed the court that till now 17 crore packets of Maggi noodles have been destroyed. On June 15, Nestle India gave a statement to withdraw Rs 320 crore of Maggi from the market and destroying it.

On June 6, the global head of Nestle announced his decision to withdraw Maggi noodles from the Indian market because the current situation was not conducive for the product. The entire controversy erupted over the alleged presence of lead and MSG beyond permissible limits in the snack.

Tags FSSAI Maggi

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

With Shikhar Dhawan as their brand ambassador, a partnership with NBA and FIFA and a Rs.10 crore marketing budget, this sporty start-up is moving strength to strength.

In an interaction with exchange4media, Sinha, the Country Head at Epsilon shared insights on the growth of Epsilon, integration of Artificial Intelligence and the future of other conventional mediums of marketing

The rateOOHmeter platform is based on field data of the OOH campaign universe with information on more than 400 brands, 1600 cities, over 3,000 campaigns and around 85,000 OOH inventory across formats...

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

Mindshare won the Agency of the Year awards with 9 gold, 7 silver and 12 bronze metals and a total points tally of 265