Government was seeking compensation of Rs 284.55 crore and punitive damages of Rs 355.41 crore.
The now viral video shows a street food seller add a mango flavoured drink to the boiling water along with some butter, Maggi noodles and...
As per the 2015-16 National Family Health Survey, 53 per cent females and 22.7 per male between 15 and 45 years age group suffer from iron deficiency with an almost equal split across rural and urban India, Nestle said.
Swiss FMCG major Nestle today said its Indian business reported a strong growth in 2016 despite some disruptive impact of demonetisation with Maggi continuing to regain market share.
"India grew strongly as the Maggi noodles business continued to gain back market share and comparatives turned favourable. The sustained recovery of Maggi noodles in India was also encouraging...Chocolates, driven by KitKat, also did well," Nestle said in a statement.
The company said that pursuant to withdrawal announcement and ban order on June 5, 2015, Nestle India Ltd had recalled stocks of Maggi Noodles and till September 1, 2015 destroyed around 38,000 tonnes of Maggi Noodles.
While Maggi regained the No 1 slot in instant noodles in January, ITC Foods' Sunfeast Yippee has covered much ground and came a close second with a 33 percent share.
The company, which follows January-December financial year, had posted a net profit of Rs 326.38 crore during the October-December quarter of 2014-15.
The popular brand of noodles had passed tests by three government-accredited laboratories, as ordered by the Bombay High Court which in August had lifted ban on the instant noodles that was imposed by food safety regulator Food Safety and Standards Authority of India (FSSAI).
The company relaunched Maggi masala noodles on November 9, five months after it was banned by the FSSAI following a Bombay High Court order.
The Supreme Court (SC) has agreed to hear a petition filed by the Food Safety and Standards Authority of India (FSSAI) against Nestle India.
Nestle manufacturers Maggi noodles at its plants in Nanjangud (Karnataka), Moga (Punjab) Bicholim (Goa) and Tahliwal and Pantnagar in Himachal Pradesh.
Reiterating that its MAGGI Pazzta is 100 percent safe, Nestle India said that Lucknow-based National Foods Analysis Laboratory and its reports can not be relied upon.
Nestle India said that there are still some states where ban on Maggi hasn't been taken off and the company is in the process of getting necessary clearance for that.
In an investor meet, Nestle said its strategy would entail fixing issues with current brands, renovating and extending existing brands into adjacent categories. The company would then explore newer categories depending on the opportunity, margin, differentiation. Volume growth is an important priority for management now.
Maggi, a popular noodles brand which has been in India for many decades, is manufactured by Swiss multinational Nestle through its Indian subsidiary. It was back on the shelves from November 9 with the Bombay High Court lifting the ban imposed by food safety regulators.
Analysts expect Q3 to see full impact of absence of Maggi. Maggi is estimated to have had 20-25 percent contribution to revenue in the past.
Nestle is also likely to get international experts to inspect vendor facilities at regular intervals.
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 when it was banned.
Karnataka and Gujarat had revoked ban on manufacture and sale of Nestle India's popular instant food brand.
Recent ads by ITC's Sunfeat YIPPee! Noodles, depicting the instant-noodles snack as 'safe' and having cleared regulatory permissions seem to have unnerved Nestle a bit, whose Maggi noodles recently ran into a problem with the foods regulator.
Nestle is now awaiting the results of fresh tests at court-appointed laboratories, expected by early October, after which it can begin manufacturing.
The Supreme Court has upheld an earlier High Court order terming an advisory issued by the Food and Safety Standards Authority of India (FSSAI) as illegal and arbitrary.
The Bombay High Court had on August 13 quashed the orders of FSSAI and Maharashtra FDA banning nine variants of Maggi noodles in the country.
The bench of the National Consumer Disputed Redressal Commission, presided over by Justice JK Jain and Justice BC Mehta, also wanted to look into the findings of fresh test reports of the popular instant noodles by accredited laboratories