More than 10 states have imposed a ban on the sales of Maggi.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
Food processing industry players are worried that this could have an impact on their overall investment plans.
Brokerage houses reacted to the piece of news by reducing the target price assigned to the company.
Maggi's reach is now close to some three million outlets.
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
The Indian part of the Swiss group employs more than 5,000.
Maggi controversy seems far from ending, now Tamil Nadu starts scrutiny.
The central government has said it will look into the matter.
Clearly, Nestle has a fight on its hands. Whatever be the outcome of the ensuing battle, the conversation at the morning table is shaken and stirred.
Bachchan said he had acted in 190 Hindi films and the union government honoured him with Padma Shri, Padma Vibhushan and Padma Bhushan awards.
Nestle India has been arguing that ban order was arbitrary.
If the actress fails to respond to the notice within the stipulated time frame, a case could be registered against her, Food Security Officer Mahimanand Joshi said.
Nestle, for the record, does not give a break-up of its exports.
Nestle India said it has conducted over 3,500 tests.
The company is currently present in Mumbai, Pune, Hyderabad and Bangalore and will concentrate only in the four metros.
The foods major has moved to higher price points even though a similar strategy flopped last year. Will it be second time lucky?
Can Nestle go beyond Maggi? While recovery in the March quarter has been led by the popular noodle brand, the company hopes for a different revenue mix in five years.
ITC has provided retailers with leaflets to assure customers of Yippee noodle's quality and safety standards
Some of the country's leading FMCG companies they include Nestle, Coca-Cola and Tata Coffee - are investing over Rs 1,800 crore (Rs 18 billion) in the next few months to expand capacity or for inorganic growth.
India consistently ranked among the top three countries whose products were rejected for import by the regulator.
What is driving the digital-first approach of traditional, legacy brands? Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium.
Food-maker, Nestle, is mulling acquisitions in India with a view to expand its product-line and plans to launch more products in the coming days.
Many countries found Maggi noodles to be safe for consumption.
Weak monsoon forecast rekindled fears of higher inflation.
It was a disturbing message in the sense that the regulatory framework is not clear enough and is not always applied in a convincing manner.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
As many as 206 stocks defied bearish overall trend to trade in the positive zone on Monday even as the broader market witnessed a bloodbath with the Sensex plunging to an intra-day fall of over 1,200 points till noon.
Nestle, the world's largest food company, is seeking to defend its reputation in India after it pulled Maggi noodles from stores.
Two mid-sized Indian companies - Rolta India and Nestle India have been named among 300 top challengers to the world's leading blue chip firms, complied by leading global index provider Standard and Poor's.
A year ago, Yippee had 14 per cent, according to industry.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
The new norms would clearly set the permissible limits of monosodium glutamate.
Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
The Delhi high court has asked a local company to refrain from selling packaged noodles on a plea by Nestle India Ltd, which contended that the product had striking similarities to its own popular brand Maggie.
For Nestle India, 'go for cow' is the new slogan. Even though the country concentrates on buffalo milk, Nestle is now consciously encouraging milk farmers to shift from buffalo to cow milk.
The issue of pollution caused due to the non-degradable material is keeping consumer goods majors - from ITC and Dabur to Nestl and PepsiCo - on their toes.
The Indian Army on Wednesday issued an advisory asking its personnel not to consume Maggi noodles.
Nestle India has announced that it plans to utilise part of its internal reserves and share premium account for distribution to its shareholders.
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