Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Here’s some good news for <a href="http://www.businessinsider.in/searchresult.cms?query=maggi">Maggi</a> lovers. The instant noodles cleared all tests from laboratories mandated by the Bombay High Court. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=nestle+india">Nestle India</a>, in a statement said, “All the 90 samples, covering 6 variants, tested by these laboratories are clear with lead much below the permissible limits.” 
 
It said that the company will start manufacturing and will start selling only after the newly manufactured products are also cleared by the designated three laboratories. 
 
READ ALSO: <a href="http://www.businessinsider.in/Maggi-is-safe-Trust-me-trust-my-brand-says-Nestle-Indias-new-MD/articleshow/48234912.cms">‘Maggi is safe. Trust me, trust my brand,’ says Nestle India’s new MD</a> 
 <keyword id="6356830" type="CITY" weightage="20" keywordseo="Nestle-India">Nestle India</keyword> claimed that it has conducted over 3500 tests representing over 200 million packs in both national as well as international accredited laboratories and all reports are clear. 
 
The <a href="http://www.businessinsider.in/searchresult.cms?query=FSSAI">FSSAI</a> had banned sale of Maggi noodles in India, saying it contained excessive lead levels and MSG. 
 
When Maggi was recalled, it cost Nestle Rs 320 crore and another Rs 1,270 crore in brand loss according to global valuation consultancy Brand Finance.

Maggi is COMING BACK!

Paul Bulcke, global CEO of <keyword id="75190" type="CITY" weightage="100" keywordseo="Nestle">Nestle</keyword> SA, has said that their India unit is recuperating at an <a href="http://www.businessinsider.in/It-will-take-Nestle-3-years-to-undo-the-Maggi-damage-in-India/articleshow/51120095.cms">unexpectedly faster rate</a> after the setback prompted by <keyword id="2878534" type="UNKNOWN" weightage="100" keywordseo="maggi-ban">Maggi ban</keyword> last. The ban had resulted in Maggi, Nestle’s flagship product in India, being off the shelves for five months. 
 
"India is recovering faster than anticipated, although it still weighed on the <a href="http://www.businessinsider.in/Dynamics-have-changed-as-Indians-now-prefer-Amul-Mother-Dairy-over-Nestle-PepsiCo/articleshow/51790812.cms">Asia zone's overall performance</a>. In India, the Maggi noodles business gained back market share but the business results were affected by the unfavourable comparatives," Bulcke said while addressing investors after the company's Q1 earnings reports. Nestle follows a calendar financial year of January-December. 
 
Nestle performed the strongest in European and South East Asian markets, as well as in Africa. Organic growth for the Asia, Africa, Oceania (AOA) zone, which Nestle takes as a combined entity in earnings, was 2.1% as compared to 0.5% in the last quarter. 
 
Even though Maggi has regained its market share and has re-established itself as the leader of the noodles segment, the share is significantly lower than what it had before it <a href="http://www.businessinsider.in/Exclusive-Nestle-India-CEO-admits-Maggi-ban-was-the-resultof-a-major-breakdown-in-communication-with-the-Govt/articleshow/49889701.cms">faced the ban</a> in last June. The Food Safety &amp; Standards Authority India (FSSAI) had banned Maggi after it was found that it contained <a href="http://www.businessinsider.in/Maggi-is-in-trouble-again/articleshow/51344594.cms">more than permissible amount of lead</a>, along with mislabelling of flavour enhancer monosodium glutamate (MSG). 
 
It was only after multiple clearances, first by the Bombay High Court then by government labs, that Nestle was allowed to <a href="http://www.businessinsider.in/India-food-authority-challenges-lifting-ban-on-Nestles-Maggi/articleshow/49814787.cms">resume the sales</a> of Maggi noodles in November. 
 
<a href="http://si.wsj.net/public/resources/images/BN-IR590_indnes_G_20150601112210.jpg">Image source</a>

Nestle CEO says Maggi is recovering faster than expected after a five-month hitch

<a href="http://www.businessinsider.in/searchresult.cms?query=nestle+india">Nestle India</a> has sent fresh samples of <a href="http://www.businessinsider.in/searchresult.cms?query=maggi">Maggi noodles</a> for testing as it resumed production of Maggi recently. This means the instant 2-minute noodles will be back on sale December onwards. 
 The Bombay High Court recently had directed <keyword id="6356830" type="CITY" weightage="20" keywordseo="Nestle-India">Nestle India</keyword> to also get fresh samples of Maggi noodles tested by the labs and once they get the approval, Maggi will be back with new packaging, instructions and old taste. 
 
Production of Maggi noodles has, reportedly, resumed in Karnataka, Punjab and Goa. 
 
Maggi noodles was banned in India in June after MSG and excess content of lead was found in the packets. 
 
This dented the image and revenue sales of Nestle India as Maggi used to be its biggest brand, accounting for about 30% of sales at the company. 
 
However, it is expected that Nestle India’s Maggi will recover the losses. The company has started rigorous advertising for Maggi's return. 
 
Edelweiss in a note stated "We appreciate the company's effort to up the ante on advertising and promotions, but this will depress margins in the coming quarters. We believe Nestle is unlikely to garner the earlier 70% share of the noodle pie.” 
 
(Image: Indiatimes)

Maggi will be back in December!

Singapore food authorities, after conducting safety tests, concluded that <keyword id="6369404" type="PERSON" weightage="80" keywordseo="Maggi">Maggi</keyword> did not pose any health risk and have allowed sale of the instant noodles manufactured in India. 
 
The Straits Times reported that the Agri-Food and Veterinary Authority of Singapore (AVA) informed local importers that sale of the brand's noodles from India may be resumed. 
 
Last week, AVA had advised importers to withhold sales of Maggi while it conducted laboratory tests, in the backdrop of food scare in India that it contained higher-than-permissible levels of lead. 
 
The news report stated that results from AVA's laboratory tests, which cover "a wide range of hazards associated with food" showed that the India-made Maggi noodles met local food safety standards. 
 
Maggi noodles produced in other countries were also tested and results showed that they also met the food safety requirements. 
 
Food products that fail tests will not be allowed for sale, the AVA had earlier said. 
 
Singapore has imported "a small amount" of the brand's noodles manufactured in India. 
 
India has banned the sale of the Maggi instant noodles after MSG and excess levels of lead were found in samples tested in New Delhi and in Uttar Pradesh. However, <keyword id="6356830" type="CITY" weightage="80" keywordseo="Nestle-India">Nestle India</keyword> claimed that Maggi was safe and the instant noodles were taken-off shelves as faith of consumers had shaken. 
 
(Image: Indiatimes)

India-made Maggi is perfectly safe in Singapore

<keyword id="2934282" type="UNKNOWN" weightage="100" keywordseo="Gujarat-Food-and-Drug-Control-Authority">Gujarat Food and Drug Control Authority</keyword> (FDCA) on Monday said it removed the ban on the sale of <keyword id="75190" type="CITY" weightage="100" keywordseo="Nestle">Nestle</keyword> India’s ‘<keyword id="6369404" type="PERSON" weightage="100" keywordseo="Maggi">Maggi</keyword>’ noodles after the <keyword id="48485" type="ORGANIZATION" weightage="100" keywordseo="Bombay-high-court">Bombay High Court</keyword> lifted the nationwide ban on it in August. 

	“FDCA had lifted the ban on Maggi in Gujarat after the Bombay High Court passed an order to lift the ban across India. We took the decision based on the court order,” Gujarat FDCA Commissioner H G Koshia said. 
 The <keyword id="6370685" type="ORGANIZATION" weightage="100" keywordseo="Gujarat-Government">Gujarat government</keyword> had banned the sale of Maggi for a month in June this year after the lead and monosodium glutamate levels in the noodles were found to be above the prescribed limits. Later, the ban was subsequently extended till September. However, the Gujarat FDCA revoked the ban mid-way in August following court order. On August 13, the Bombay High Court had lifted the nationwide ban imposed by Indian food regulators on Maggi noodles, and asked its manufacturer Nestle India Pvt Ltd to go for a fresh test of samples in three independent laboratories across India. 

	But Maggi is still not available in Gujarat markets, as the company is following court order to get its samples tested from three approved laboratories. The state government had in the first week of June banned Maggi sale in the state after the product failed the food safety test. The government had also asked the company to withdraw all its stock of Maggi from the state. 
 

	At that time, the government claimed that all 27 samples collected from different parts of the state had failed the tests, as lead content was found above the prescribed limit in 14 samples while monosodium glutamate, which should not be there at all, was found in all the samples. 
 

	Nestle India had on Friday said that all samples of Maggi have cleared tests conducted by three laboratories, as mandated by Bombay High Court, paving the way for the instant noodles brand to be back in the market after it was banned over the presence of excess lead. The company said it will now commence manufacturing and will sell “only after the newly manufactured products are also cleared by the designated three laboratories”. 
	 
	Image credit: Thomson reuters

Gujarat government lifts ban on sale of Maggi noodles on Bombay HC's order

Weeks after India banned <keyword id="726194" type="UNKNOWN" weightage="80" keywordseo="maggi-noodles">Maggi noodles</keyword> and ordered its manufacturer to pull thousands of packets from stores, the UK's <keyword id="33543" type="ORGANIZATION" weightage="80" keywordseo="Food-Standards-Agency">Food Standards Agency</keyword> (FSA) has found the product imported from India safe for consumption; says it does not contain excess of <keyword id="23204" type="PERSON" weightage="60" keywordseo="lead">lead</keyword>. The food agency conducted tests on various samples as a precaution following a ban on the <keyword id="75190" type="CITY" weightage="80" keywordseo="Nestle">Nestle</keyword> product in India, reported the Economic Times. 

	"The FSA can confirm that results from testing samples of Maggi Noodles in the UK have all found that levels of lead in the product is well within EU permissible levels and would not be a concern to consumers," the financial daily reported, quoting FSA on its website. 
 Sale of Maggi noodles were banned in India after the Food Safety and <keyword id="179673" type="ORGANIZATION" weightage="80" keywordseo="Standards-Authority-of-India">Standards Authority of India</keyword> found lead beyond permissible limits and cases of mislabeling of monosodium glutamate content on the packet. Meanwhile, Nestle informed the FSA that the only variety of Maggi Noodles imported into the UK from India was the 'masala flavour'. The FSA tested several flavours from the Maggi noodles range including the masala flavor and found the levels of lead to be well within <keyword id="6355110" type="ORGANIZATION" weightage="80" keywordseo="European-Union">European Union</keyword>'s permissible levels. It tested samples collected from Nestle, local and port authorities of the UK. <keyword id="6356830" type="CITY" weightage="60" keywordseo="Nestle-India">Nestle India</keyword> is also preparing a blueprint for a possible re-launch of the Maggi instant noodles. Experts feel the issue of the recall and ban on the noodles might be resolved in the next three to six months. The <keyword id="48485" type="ORGANIZATION" weightage="80" keywordseo="Bombay-high-court">Bombay High Court</keyword> recently allowed Nestle India to export Maggi noodles but did not lift the ban on its local sales. 

	A Nestle India spokesperson told ET: "We note that the UK Food Standards Agency cleared Maggi noodles after reviewing results from around 900 samples." 
 Its finding that "levels of lead in the product is well within EU permissible levels and would not be a concern to consumers comes after regulatory authorities in other countries including Singapore, Australia and <keyword id="22501" type="COUNTRY" weightage="80" keywordseo="New-Zealand">New Zealand</keyword> also cleared the product", the spokesperson said. 
	(Image: Reuters)

Good news for all Maggi lovers! UK Food Standards Agency Finds Made in India Maggi noodles safe

<keyword id="75190" type="CITY" weightage="80" keywordseo="Nestle">Nestle</keyword> chief <keyword id="225478" type="PERSON" weightage="80" keywordseo="Paul-Bulcke">Paul Bulcke</keyword> said he has learnt good lessons from India's ban on the firm’s hugely popular <keyword id="6369404" type="PERSON" weightage="80" keywordseo="Maggi">Maggi</keyword> noodles over a <keyword id="6467758" type="UNKNOWN" weightage="80" keywordseo="health-risk">health risk</keyword> and is now working to restore its image. He insisted that Maggi was 100% safe. 

	Bulcke further said that the packaged food was unfairly fingered by many around the world as a health scare, reported AFP. 
 

	The Switzerland-based food giant's reputation took a bashing "because it's a big brand and that (ban) made a lot of waves," the Belgian chief executive told AFP in an interview.
 On June 5, India's <keyword id="109212" type="ORGANIZATION" weightage="80" keywordseo="Food-Safety">food safety</keyword> regulator banned Maggi as tests showed that the noodles contained excessive amount of lead which is hazardous for health. 

	The largest food company by revenues is now challenging the order and is in the process of destroying over 27,000 tonnes of Maggi noodles after halting production.
 

	There were reports that Nestle India has decided to destroy the recalled Maggi noodle stocks at cement plants nationwide.
 

	According to the company, the ban had led to $50.5 million worth of goods being withdrawn. 
 Nestle had already announced it was pulling the product from sale when the Food Safety and <keyword id="179673" type="ORGANIZATION" weightage="80" keywordseo="Standards-Authority-of-India">Standards Authority of India</keyword> imposed a ban following similar moves by some state governments. 

	"One can have facts on one's side but it's the perception that counts. Food has never been safer. But there is this perception and we have to work on that. We have to reconnect with consumers," he told the news agency. 
 According to <keyword id="130196" type="COMPANY" weightage="80" keywordseo="Brand-Finance">Brand Finance</keyword>, a consultancy firm, Maggi is set to lose over $200 million in brand value following the setback in India. 

	Maggi was previously valued at $2.4 billion, Brand Finance said, adding that it had ranked the noodle manufacturer as the 23rd most valuable food brand in the world.
 

	"The only thing that interests me is to have the product back as soon as possible and that things are cleared up," said Bulcke, who took over as Nestle's chief executive in 2008.
 

	"We are doing all we can to make contact with Indian authorities at the earliest," he said.
 

	Nestle notched up sales of $14.4 billion in ready-to-eat and ready-to-cook meals last year, the third most profitable sector for the company after soft drinks and milk products and ice cream. 

	 
	(Image: Reuters)

Nestle chief working to restore company’s image after Maggi ban

Alike it’s delicious variant of soupy noodles, <keyword id="6369404" type="PERSON" weightage="20" keywordseo="Maggi">Maggi</keyword> noodles is in a concentrated soup and there seems no 2 minute respite anytime soon. A week later after reports detecting high content of lead in one batch of Maggi has stirred up a controversy, <keyword id="6356830" type="CITY" weightage="20" keywordseo="Nestle-India">Nestle India</keyword> has initiated a quick damage control. Asking the retailers not to panic, Maggi has been putting up logics to defend its move, a news report by The Economic Times has claimed. 
 
 “The order to recall the Maggi batch is for February 2014, which anyway would have got expired in November 2014," <keyword id="75190" type="CITY" weightage="20" keywordseo="Nestle">Nestle</keyword> wrote to retailers. "This is an order from the state agency and no central agency has passed any orders," it said. reviewed a copy of the communication. 
 
The ET reviewed a copy of the communication where it has been further said, "This is an order from the state agency and no central agency has passed any orders.” 
 
 
 "The news of lead is yet to be verified in the second test. The amount of any such substance is so small in any food product that even the slightest of error in test results might give incorrect results," the note said. In an email response to the ET, a Nestle India <keyword id="6357308" type="POSITION" weightage="20" keywordseo="spokesperson">spokesperson</keyword> said, "Some recent reports in the media about Maggi noodles are confusing people and we are working to clear the confusion as soon as possible. We are confident of our product and are sharing this confidence with our consumers and trade. It is too early to assess any impact on sales." However, insiders’ report to the financial daily has shown a significant drop in the sales of Maggi ranging from 10-40% since last week. Sales at stores in metros and bigger cities have been specially impacted because a lot of the current controversy has escalated on social media like <keyword id="6354576" type="CITY" weightage="20" keywordseo="Facebook">Facebook</keyword> and <keyword id="6354616" type="CITY" weightage="20" keywordseo="Twitter">Twitter</keyword>," sources have confirmed the ET. 
 The brand accounts for close to 30% of Nestle's sales in the country. National food regulator <keyword id="109212" type="ORGANIZATION" weightage="20" keywordseo="Food-Safety">Food Safety</keyword> and <keyword id="179673" type="ORGANIZATION" weightage="20" keywordseo="Standards-Authority-of-India">Standards Authority of India</keyword> (FSSAI) has initiated sample tests of Maggi noodles across other parts of the country, including <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword> and Mumbai and Nagpur. 
 Defending its flagship brand strongly, Nestle said Maggi noodles comply with applicable food and safety laws as well as the company's own standards of quality and safety before they reach consumers. Its <keyword id="122238" type="POSITION" weightage="20" keywordseo="Spokesman">spokesman</keyword> said Nestle has made a representation to the Uttar Pradesh authorities and has submitted large number of product samples to an independent accredited laboratory to independently evaluate the product. 
 
"We will share the initial results soon and will continue to update as new results are received," the spokesperson told ET. In its communication to retailers, Nestle urged them not to be defensive if any customer talks about the controversy. "Nestle is a big enough company and will come clean out of it. Please don't get into any sort of communication or opinion without legal guidance," it said. 
 Industry experts, however, say the controversy could have a severe long-term impact on brand trust. "In a case of this magnitude, both parties should make their reports public. In case the authorities have <keyword id="6370579" type="UNKNOWN" weightage="20" keywordseo="proof">proof</keyword> that the product in the market is tainted and unsafe, then they will likely initiate a public recall and initiate a probe in the matter," said <keyword id="2867937" type="UNKNOWN" weightage="20" keywordseo="Ashwin-Bhadri">Ashwin Bhadri</keyword>, <keyword id="2867416" type="UNKNOWN" weightage="20" keywordseo="food-auditor">food auditor</keyword> and business relations head at <keyword id="1459500" type="COMPANY" weightage="20" keywordseo="Equinox-Labs">Equinox Labs</keyword>, which works closely with the FSSAI, on compliance issues. 
 (Image: <keyword id="-101" type="COMPANY" weightage="20" keywordseo="India-Times">India Times</keyword>)

Maggi is in a soup. But it won’t give up without a fight

After days of uncertainty and plummeting stocks, Nestle finally broke its silence on Friday and said Maggi was safe but still it withdrew the two-minute noodles from the markets citing that customers' faith was shaken. 
 
Nestle's global CEO Paul Bulcke said that they wanted Maggi noodles back on shelves as soon as possible, adding that they would look into the safety concerns, dismissing that they added MSG in the popular-snack. 
 
On the concerns of presence of lead beyond permissible limits, Bulcke said that the lead came from natural resources, like water, air, through which Maggi was made in India. 
 Regarding presence of MSG, the global CEO said they never added <keyword id="1836492" type="UNKNOWN" weightage="80" keywordseo="Monosodium-Glutamate">Monosodium Glutamate</keyword> (MSG) in Maggi and it was through environment and contact of other products, the glutamate was seeping in the packages. 
 
Nestle said in a statement that recent developments and unfounded concerns about the product led to an environment of confusion for the consumer. 
 
Although he said that according to tests conducted by them, the product was safe, he did not deny for any third party testing. 
 
“We are conducting independent third party tests on of Maggi noodles. We are confident that Maggi noodles will be back as soon as possible," he said. 
 
Nestle is withdrawing Maggi from sale in India citing "an environment of confusion for consumers". A food scare was also triggered over a domestic regulator's report that some packs of the popular snack contained excess lead. 
 
Over six states have banned Maggi noodles, Tamil Nadu becoming the first state. 
 
(Image: Indiatimes)

Nestle claims Maggi is safe, product withdrawn off shelves to allay consumer fears

Maggi is in trouble. Governments across the country are filing cases and deploying food inspectors to test Maggi samples. Some are fawning to fine Nestlé for misbranding the noodles brand as a healthy food alternative. 
 
The company recently released an official statement saying, “People can be confident that Maggi Noodle products are safe to eat. The quality and safety of our products are the top priorities for our Company.” 
 
Most find it hard to believe that a world class brand like Nestlé would not comply with industry norms. Some argue that a company as blue chip as this one has more at stake than anyone else. 
 
That didn’t stop the Delhi government from banning sales of Maggi noodles today. 
 
What if this leads to a chain of bans across India till it wipes our favorite ‘two minute snack’ off the map? 
 
The only way to realize the worth of the brand is to witness a market without it. How much exactly would the brand be set back for? What would the market look like without India’s leading noodles seller? Let’s find out. 
 
Enter a world without Maggi. 
 
It’s impossible to quantify the exact amount of losses the parent brand would incur. Considering that Maggi accounts for around 15-16,000 Crores of Nestlé’s turnover one could guess it’s surely not in pennies. 
 
Industry experts project that the brand would suffer a three stage hit. 
 
“If Nestlé can’t sell Maggi at all, that in itself will be a big setback for the brand. It’s also a brand for ketchup and other condiments. The whole brand will get impacted because of this, even when the ban would be on Maggi noodles. More than the money, Nestlé’s reputation in India will go for a big hit”, Arvind Singhal, Chairman at Management Consulting firm Technopak predicts. 
 
Maggi currently sells instant soups, ketchups, seasonings and instant noodles in India. 
 
What’s the way forward if it does get banned? 
 
“Maggi as a brand has not been banned. It’s just one product. The company can still have a product recall and re-launch it by saying it’s totally compliant”, Singhal says. 
 
While there is no use crying over spilt Maggi, looks like it’ll take more than a few bans to wipe out your favorite midnight snack. 
 
(Image credit: Indiatimes)

India
without Maggi. Possible impacts on brand Nestlé

The instant noodles sales in India have crashed by over 90% a month after segment leader Maggi was banned. The current market is pegged at a mere Rs 30 Crores in place of the previous Rs 350 Crores. 
 
The key food processing industry companies are now worried with the category’s future. This might impact overall investment plans as companies face 'increased harassment from safety inspectors' a senior official of Assocham told ET. 
 "In the last one month the instant noodles category has suffered a massive drop in sales to about Rs 30 crore a month. Before the <keyword id="2878534" type="UNKNOWN" weightage="80" keywordseo="maggi-ban">Maggi ban</keyword> this category was around Rs 4,200 crore annually, which is about Rs 350 crore per month. There is a fear psychosis among consumers," the official said. 
 
Last month food safety regulator FSSAI banned Nestle's Maggi citing it as "unsafe and hazardous" for consumption after discovering excess lead and violation of labelling regulations on taste enhancer monosodium glutamate (MSG). Nestle has recalled Maggi from markets. 
 
(Image credit: Indiatimes)

Noodles market slumps 90% after
Maggi ban

The quarter that ended on March 31 wasn’t a good one for <keyword id="6356830" type="CITY" weightage="100" keywordseo="Nestle-India">Nestle India</keyword>, with the Swiss Trans-national F&amp;B company reporting a 19% decline in net profit. The result is a loss of the ban that flagship instant noodles <a href="http://www.businessinsider.in/Maggi-is-in-trouble-again/articleshow/51344594.cms">Maggi</a> faced in the country. 
 
As per the company statement, net profit for the quarter was Rs 259 crore as compared to Rs 320 crore for the corresponding quarter in 2015. 
 
"Results for the quarter have been impacted by the Maggi noodles issue in 2015," the company said in a statement. 
 
Talking of net sales, they dipped 8.5% to Rs 2,296 crore, which was below what analysts had estimated. Not only this, the company's total expenditure too fell 7.2% and stood at Rs 1,856 crore during the quarter. 
 
For the quarter that ended on December 31, 2015, <a href="http://www.businessinsider.in/WATCH-Nestles-new-ad-featuring-Sania-Mirza-andShoaib-Malik-is-adorable/articleshow/51409354.cms">Nestle India</a> had reported 43.8% year-on-year decline in net profit at Rs 183.19. 
 
The ban on Maggi was placed by the Food Safety &amp; Standards Authority of India (FSSAI) had banned after allegations that it contained more lead than allowed, and that the label didn’t provide the correct information regarding the flavour enhancer MSG (monosodium glutamate). It had taken five months for Maggi to <a href="http://www.businessinsider.in/It-will-take-Nestle-3-years-to-undo-the-Maggi-damage-in-India/articleshow/51120095.cms">return to markets</a>. 
 
Also read: <a href="http://www.businessinsider.in/Nestle-in-trouble-again-for-sub-standard-Maggi/articleshow/51619084.cms">Nestle in trouble again for alleged 'sub-standard' Maggi</a> 
 
Nonetheless, the company is treading on the road to recovery, with <a href="http://www.businessinsider.in/Nestle-CEO-says-Maggi-is-recovering-faster-than-expected-after-a-five-month-hitch/articleshow/51837924.cms">Maggi regaining leadership</a> with over 50% share within five months of the re-launch last year. However, its market share is much lower as compared to what it had before being banned, which was more than 75%. 
 
<a href="http://images.says.com/uploads/story_source/source_image/394038/cca6.jpg">Image source</a>

Nestle India is yet to recover from the Maggi ban, reports 19% slip in net profits

The <keyword id="109212" type="ORGANIZATION" weightage="20" keywordseo="Food-Safety">Food Safety</keyword> and <keyword id="179673" type="ORGANIZATION" weightage="20" keywordseo="Standards-Authority-of-India">Standards Authority of India</keyword> (FSSAI) is a <keyword id="2885008" type="POSITION" weightage="20" keywordseo="strict-headmaster">strict headmaster</keyword> this time. Being in sticky wicket after lead was found excessively in its flagship product Maggi, Nestle have now been asked to submit compliance report within three days. The govt body to ensure safety standard of food in India has asked magi to “furnish progress reports on the recall process on a daily basis thereafter till the process is completed." 
 
Not only so. Nestle has also been asked to "withdraw and recall all the 9 approved variants of its Maggi Instant Noodles from the market. Having been found unsafe and hazardous for human consumption, and stop further production, processing, import, distribution and sale of the said product with immediate effect." 
 
As per a news report in The Economic Times, FSSAI has stated, "Three major violations have been noted (a) presence of Lead detected in the product in excess of the maximum permissible levels of 2.5 ppm, (b) misleading labelling information on the package reading "No added MSG", and (c)release of a non-standardised food product in the market, viz. "Maggi Oats Masala Noodles with Tastemaker" without risk assessment and grant of product approval." 
 Meanwhile, Nestle's <keyword id="203686" type="POSITION" weightage="20" keywordseo="global-CEO">global CEO</keyword> <keyword id="225478" type="PERSON" weightage="20" keywordseo="Paul-Bulcke">Paul Bulcke</keyword> on Friday said that Maggi noodles are safe for consumption. Bulcke said, "We withdrew the product from shelves because consumers' trust was shaken. We want Maggi noodles back on shelves as soon as possible." 
 
(Image: IndiaTimes)

FSSAI gets stricter: 9 variants of Maggi unsafe, 'No added MSG' is misleading

<keyword id="75190" type="CITY" weightage="100" keywordseo="Nestle">Nestle</keyword> India wants to manufacture <keyword id="726194" type="UNKNOWN" weightage="100" keywordseo="maggi-noodles">Maggi noodles</keyword> at all plants after it resumed production at three of its plants - Nanjangud (Karnataka), Moga (Punjab) and Bicholim (Goa) - in the country. 
 
The company is discussing the matter with state authorities. 
 "In compliance with the orders of the High Court of Bombay, fresh samples from these newly manufactured batches will be sent for testing to the three accredited laboratories mandated by the High Court," Nestle said in a communique to the <keyword id="35140" type="CITY" weightage="80" keywordseo="BSE">BSE</keyword>. 
 
The company, however, said that it would start the sale of Maggi noodles only after clearance from these three laboratories. 
 
The Bombay Stock Exchange (BSE) earlier sought clarification from Nestle over media reports on resumption of Maggi noodles production. 
 In June, Nestle India was forced to withdraw Maggi from market and stop production following tests by certain labs allegedly finding <keyword id="23204" type="PERSON" weightage="40" keywordseo="lead">lead</keyword> and MSG beyond permissible limits. 
 This was followed by a ban on Maggi noodles by the Food Safety and Standards Authority of India (<keyword id="154680" type="ORGANIZATION" weightage="100" keywordseo="FSSAI">FSSAI</keyword>), which said the noodles were "unsafe and hazardous" for consumption. 
 
The company had withdrawn the instant noodle brand from the market. 
 
Nestle India, took a hit of Rs 450 crore, including destroying over 30,000 tonnes of the instant noodles since June. 
 
The company has said that it would continue with the existing formula of the product and would not change their ingredients. 
 
After the ban was imposed, Nestle India had reported a standalone loss of Rs 64.40 crore for the quarter ended June 30, 2015, its first quarterly loss in over three decades. 
 
It had posted a net profit of Rs 287.86 crore during the April-June quarter of 2014-15. 
 
(Image: Reuters)

You Searched For "Maggi sales in India" and got 14 results

Maggi is COMING BACK!

BI India Bureau

Nestle CEO says Maggi is recovering faster than expected after a five-month hitch

BI India Bureau

Maggi will be back in December!

BI India Bureau

India-made Maggi is perfectly safe in Singapore

BI India Bureau

Gujarat government lifts ban on sale of Maggi noodles on Bombay HC's order

PTI

Good news for all Maggi lovers! UK Food Standards Agency Finds Made in India Maggi noodles safe

BI India Bureau

Nestle chief working to restore company’s image after Maggi ban

BI India Bureau

Maggi is in a soup. But it won’t give up without a fight

BI India Bureau

Nestle claims Maggi is safe, product withdrawn off shelves to allay consumer fears

BI India Bureau

India without Maggi. Possible impacts on brand Nestlé

BI India Bureau

Noodles market slumps 90% after Maggi ban

BI India Bureau

Nestle India is yet to recover from the Maggi ban, reports 19% slip in net profits

BI India Bureau

FSSAI gets stricter: 9 variants of Maggi unsafe, 'No added MSG' is misleading

BI India Bureau

The day for Maggi to be back on shop shelves isn’t far, production to soon resume in all plants!

BI India Bureau

Popular Keywords

Buying Guides