Nestle Sa

Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.

A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.

The court also slapped a Rs 26 lakh fine on the distributors of Nestle India, a unit of packaged food giant Nestle SA, said an officer.

Nestle SA named Ulf Mark Schneider as its next chief executive in a surprise choice on Monday, as the Swiss food giant underlined a shift towards health and wellness by poaching the boss of German healthcare group Fresenius.

Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday.

Nestle SA, the world's largest packaged food company, plans to resume sales in India of its Maggi noodles in November, a spokesman for the Swiss group said on Monday.

Nestle SA could start making Maggi noodles again in India as early as October, it said on, paving the way for the snack to go back on sale by the end of the year.

Nestle is now awaiting the results of fresh tests at court-appointed laboratories, expected by early October, after which it can begin manufacturing.

Nestle SA is cutting 15 percent of its workforce in 21 African countries because it says it overestimated the rise of the middle class, the Financial Times reported.

Maggi noodles contain not only monosodium glutamate, or MSG, but it also contains extremely high levels of lead - nearly seven times the permissible limit - a test conducted by the government has found.

Ruchi Soya Industries and ITC are among the world's 50 fastest growing consumer products companies, according to global consultancy Deloitte. Ruchi Soya - India's largest manufacturer of edible oil - ranked 22nd, while ITC - the country's biggest cigarette maker - was 28th on the list.

The Swiss food giant took a deeper dive into healthcare in February by taking over the Galderma dermatology joint venture it had with L'Oreal and hinted at the time that more deals would follow.

FMCG major Nestle India on Friday reported a 10.33 per cent increase in net profit to Rs 271.38 crore for the second quarter ended June 30 due to robust sales growth across various business verticals.

FMCG major Nestle Indias board has approved an increase in royalty payment by 0.20 per cent per year for the next five years to its parent firm, thereby enhancing it to 4.5 per cent of the sales, the company said on Friday.

Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.

A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.

The court also slapped a Rs 26 lakh fine on the distributors of Nestle India, a unit of packaged food giant Nestle SA, said an officer.

Nestle SA named Ulf Mark Schneider as its next chief executive in a surprise choice on Monday, as the Swiss food giant underlined a shift towards health and wellness by poaching the boss of German healthcare group Fresenius.

Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday.

Nestle SA, the world's largest packaged food company, plans to resume sales in India of its Maggi noodles in November, a spokesman for the Swiss group said on Monday.

Nestle SA could start making Maggi noodles again in India as early as October, it said on, paving the way for the snack to go back on sale by the end of the year.

Nestle is now awaiting the results of fresh tests at court-appointed laboratories, expected by early October, after which it can begin manufacturing.

Nestle SA is cutting 15 percent of its workforce in 21 African countries because it says it overestimated the rise of the middle class, the Financial Times reported.

Maggi noodles contain not only monosodium glutamate, or MSG, but it also contains extremely high levels of lead - nearly seven times the permissible limit - a test conducted by the government has found.

Ruchi Soya Industries and ITC are among the world's 50 fastest growing consumer products companies, according to global consultancy Deloitte. Ruchi Soya - India's largest manufacturer of edible oil - ranked 22nd, while ITC - the country's biggest cigarette maker - was 28th on the list.

The Swiss food giant took a deeper dive into healthcare in February by taking over the Galderma dermatology joint venture it had with L'Oreal and hinted at the time that more deals would follow.

FMCG major Nestle India on Friday reported a 10.33 per cent increase in net profit to Rs 271.38 crore for the second quarter ended June 30 due to robust sales growth across various business verticals.

FMCG major Nestle Indias board has approved an increase in royalty payment by 0.20 per cent per year for the next five years to its parent firm, thereby enhancing it to 4.5 per cent of the sales, the company said on Friday.