Ram Bharat has been appointed as Managing Director of Ruchi Soya till December 17, 2022.
Patanjali had launched the medicine on June 24, and it was prepared under the guidance of Ramdev and Balkrishna
The licensing authority of the Uttarakhand government has been requested to provide copies of licence and product approval details of the Ayurvedic medicines being claimed for the treatment of coronavirus infection, the AYUSH ministry said.
In an earlier interaction Balkrishna told Moneycontrol that the company had launched clinical trials on humans to find a cure for COVID-19 after receiving regulatory approvals.
Consumer products company says it has received regulatory approvals to conduct clinical trials
Patanjali’s own ayurvedic products will sell at the OrderMe site and also it will allow consumers to get in touch with nearby stores selling Indian products. The home delivery will be done for the orders and it will be charge no money.
Despite the sharp run-up, analysts feel that the scrip still has some steam left.
Balkrishna (47), who heads Patanjali Yogpeeth, was first taken to a hospital in Haridwar from where he was referred to AIIMS in Rishikesh, sources in the yoga institute said.
Dabur’s market cap has multiplied nearly 9 times while the Nifty has moved approximately 2.7x since January 2007. That says it.
The USFDA said in its report that the "firm has separate production and packaging areas for exported and domestic products".
The stock has corrected by 24 percent from its 52-week high and trades at 41 times FY20 estimated earnings
This is the second time that the tribunal has sought details of Rs 600 crore, and asked them to file written submission on the same.
Patanjali's proposal got a 96 percent approval from the committee of creditors after a vote on April 30.
Procter and Gamble (P&G), Johnson & Johnson (J&J), Samsung and other companies are already being investigated by the DGAP.
Over the past month, the NAA has issued notices to about 10 of Patanjali’s biggest distributors for not reducing prices in line with the cut in GST
We continue to prefer companies that focus on distribution reach, and deploy internal accruals to invest behind their brands. A sustainable way of doing the latter is deploying internal accruals such as cost savings and utilizing super normal profit from other product groups.
The panel's recommendation to the HRD Ministry will be considered by the governing council of the Maharshi Sandipani Rashtriya Vedavidya Pratishthan.
The company has been working on reducing costs, resulting in a 180 bps and 110 bps decline in raw material and employee cost, respectively, as a percentage of sales over the last six quarters
Prime Minister Narendra Modi’s intervention to revamp KVIC and promote khadi did help the state-owned entity in getting business, but what really helped is the marketing of swadeshi by yoga-guru-turned-businessman Baba Ramdev.
Patanjali had lost out to Adani Wilmar in a fierce bidding battle for debt-laden Ruchi Soya in August, despite having a higher offer.
In December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP).