A demand of over Rs 570 crore has been raised against confectionery giant Cadbury India Ltd for allegedly evading excise duty by fraudulently taking exemption for one of its 'ghost' production units in Himachal Pradesh.
In an exclusive chat with CNBC-TV18's Farah Bookwala, Cadbury's India MD Manu Anand elaborates on the strategies for future growth and why it has been slow in its rural expansion plan.
This weekend, the brand will announce its new ambassadors - that is actors Ranbir Kapoor and Karthi. The commercials will go live on social media on Sunday
The I-T Department alleged that the said transaction was not in coherence with the arms-length principle. The taxman‘s concerns stemming from worries that the rightful income of an Indian company was possibly being shipped overseas to its parent, by way of alleged excessive royalty payments.
The MoU was signed by Anand and state Industries Principal Secretary K Pradeep Chandra in the presence of Chief Minister N Kiran Kumar Reddy, Major Industries Minister J Geeta Reddy and others.
Cadbury India, Indian campaign was the most effective on YouTube's True View ad platform in July. This time, it's not a commercial, but an activation by Cadbury India that took the top honours.
According to sources, management shakeup is the likely fallout of tax evasion cases and illegal gratification cases that are against the company. This could also be a precursor to Manu Anand who is the erstwhile Pepsico India‘s CEO joining the company.
Confectionery giant Cadbury India Ltd has been slapped a notice for a demand of over Rs 250 crore in excise duty allegedly evaded by it by claiming exemption for a 'ghost' production unit.
Cadbury India is in a regulatory mess after some of its officials tried to bribe their way through important approvals.
Cadbury India, a part of Kraft Foods, today announced the launch of its popular chocolate brand 'Toblerone' in the country, as it looks to enhance its chocolate portfolio.
Cadbury India, a part of Kraft Foods, on Thursday launched its first marketing campaign in India for its global power brand Tang, which is targeted at mothers.
Leading confectionery Cadbury has forayed into the biscuits market with Oreo, one of the biggest global brands.