Top Story

e4m_logo.png

Home >> Media - Others >> Article

Nestle India stock up 6% on FSSAI approved lab finding Maggi safe

05-August-2015
Font Size   16
Share
Nestle India stock up 6% on FSSAI approved lab finding Maggi safe

Nestle India stock is up by more than 6 per cent today at Rs 6,736 on the back of positive reports coming from the FSSAI backed labs ‘Mysuru's Central Food Technological Research Institute’ (CFTRI) finding that Maggi noodles are completely safe  and it is in compliance with the country’s food safety norms.

In June, according to earlier reports, the Goa FDA had sent the Maggi noodles samples to CFTRI for retesting after FSSAI expressed apprehensions on state FDA's initial report, which had found lead within permissible limits.

The company recently reported a loss of Rs 64.4 crore, their first quarterly loss in three decades, on the back of more than Rs 320 crore Maggi being recalled from the market after being termed as ‘unsafe’ by the Food Safety and Standards Authority of India (FSSAI). The company had also given Rs 20 crore to Ambuja Cements to destroy all the packets of Maggi.

On Saturday, the newly appointed MD, Suresh Narayananexpressed his desire of bringing Maggi back to the market as quickly as possible and also termed it as his first and primary mandate after joining the new position.

Tags Maggi

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group