Ban on Maggi noodles makes Nestle India bottom line take 60 percent

first_imgHit by the ban on sales of Maggi brand noodles, Nestle India Ltd on Thursday reported 60 percent fall in its net profit and 32 percent fall in its net sales for the third quarter.The company follows calendar year as its financial year.In a media statement filed with BSE, Nestle India said its net profit for the third quarter ended September 30, 2015 was Rs.124.2 crore, down from Rs.311.3 crore for the same period the previous year.The company said it had posted a net sales of Rs.1,736.2 crore for the period under review down by 32 percent over 2014 figures.The ban on sales of Maggi noodles impacted the domestic and export sales.According to Suresh Narayanan, chairman and managing director, the company has restarted manufacturing noodles.After testing the products in three accredited laboratories and their clearance the noodles the company is keen on reintroducing the products in the market, he said.Narayanan said that during the quarter under review, the Bombay High Court had set aside the ban on Maggi noodles and ordered that the earlier batches be tested in three accredited laboratories.As per the test results, the lead content in the product is well below the permissible levels, he said.last_img read more

Vegetarian diet more harmful to environment says study

first_imgContrary to popular assumption — and a talk by actor Arnold Schwarzenegger at the United Nations Paris Climate Change Conference — eating a vegetarian diet could contribute more to climate change than eating a non-vegetarian diet, warns a new study.Schwarzenegger, a former California governor, advised people to go meat-free one or two days a week to help protect the climate.But the new research found that consuming more fruits, vegetables, dairy and seafood is more harmful to the environment because those foods have relatively high resource uses and greenhouse gas (GHG) emissions per calorie. Also Read – ‘Playing Jojo was emotionally exhausting’“Eating lettuce is over three times worse in greenhouse gas emissions than eating bacon,” said one of the researchers Paul Fischbeck, professor at Carnegie Mellon University in the US.“Lots of common vegetables require more resources per calorie than you would think. Eggplant, celery and cucumbers look particularly bad when compared to pork or chicken,” Fischbeck said.The study measured the changes in energy use, blue water footprint and GHG emissions associated with US food consumption patterns. Also Read – Leslie doing new comedy special with NetflixThe researchers studied the food supply chain to determine how the obesity epidemic in the US is affecting the environment.Specifically, they examined how growing, processing and transporting food, food sales and service, and household storage and use take a toll on resources in the form of energy use, water use and GHG emissions. On the one hand, the results showed that getting our weight under control and eating fewer calories, has a positive effect on the environment and reduces energy use, water use and GHG emissions from the food supply chain by approximately nine per cent.However, eating the recommended “healthier” foods — a mix of fruits, vegetables, dairy and seafood — increased the environmental impact in all three categories — energy use went up by 38 per cent, water use by 10 per cent and GHG emissions by six per cent.The findings appeared in the journal Environment Systems and Decisions.last_img read more

Abhishek urges Trinamool workers to put up united fight to oust BJP

first_imgBankura: Trinamool Youth Congress president Abhishek Banerjee urged party workers to put up a united fight to defeat BJP in the ensuing Lok Sabha elections.Addressing party workers here at a meeting on Monday afternoon, he said: “It is not Panchayat or Assembly elections. It is a fight between communal Narendra Modi and ‘agnikanya’ Mamata Banerjee. So work hard to ensure the victory of Trinamool Congress candidates.” The candidates from Bankura and Bishnupur, Subrata Mukherjee and Shyamal Santra were present at the meeting, along with MLAs, Panchayat and Zilla Parishad members and councillors of the civic bodies. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseComparing the work carried out by Narendra Modi and Mamata Banerjee, he said the former has “only lied to the people while the latter has kept all her promises.” “Before the 2014 Lok Sabha election, Modi had assured us that he would bring black money from abroad and Rs 15 lakh would be credited to the account of every person. He had also assured that 2 crore youths would get jobs. But he did not keep his promises. On the other hand, Mamata Banerjee has kept all her promises. The Panchayat and Rural Development department has chalked out elaborate plans to provide drinking water in every household. There is electricity in every rural house and superspeciality hospitals have come up where treatment is free.” Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataHe urged the workers to put up a united fight to oust BJP and develop contacts with the local people. “You should listen to them carefully and try to address their problems,” he said, adding: “Those who are looking after the booths should concentrate on their work and will not have to work in the anchal level. Those who work in the block level will not have to work in the district level. Do your work seriously to ensure victory of Trinamool candidates.” The workers will have to aim for fulfilling Mamata Banerjee’s dream of winning in 42 out of 42 Lok sabha seats, he said.last_img read more

Second season of SBI Green Marathon to start soon

first_imgWith the remarkable success of inaugural edition of ‘SBI Green Marathon’, country’s largest commercial bank announces the launch of its second season.In its second edition, the mega event will be held in 15 cities across the country pledging for a greener future. The SBI Group is organizing a 5K, 10K, 21K run on November 11 in Kolkata. The event is going to be a zero-waste event and is expected to witness close to 3800 participants who will run to spread awareness about the importance of a cleaner and greener globe. Also Read – Add new books to your shelfSBI general insurance is going to be the health partner for SBI Green Marathon whereas SBI Life, SBI Mutual Funds and SBI Cards are also significantly contributing to this cause. The 15 city marathon event will start from September 30 in New Delhi followed by Lucknow, Hyderabad, Mumbai, Kolkata, Bangalore, Trivandrum, Guwahati, Bhopal, Bhubaneshwar, Chennai, Chandigarh, Ahmedabad, Patna and concluding in Jaipur on March 4, 2019. The run category for this fiscal’s SBI Green Marathon would include 5K, 10K and 21K. Also Read – Over 2 hours screen time daily will make your kids impulsiveTalking about the event, Prashant Kumar, DMD, and CFO, SBI said, “It gives me immense pleasure to step into the second edition of SBI Green Marathon. With SBI Green Marathon, the bank has reaffirmed and endorsed its continued commitment towards a greener environment and sustainable development. We hope for maximum participation from across the country which in turn will help us achieve the goal of a greener future.” The ‘Run for Green’ theme of this marathon event recognises every participating individual as agents of change for a greener globe. All the participants will be given organic t-shirts to promote healthy and greener city. Even the runners’ bib would consist of seeds which can be planted after the Marathon. Also, the biodegradable and recyclable material is to be used by the bank making this a zero waste event. People interested in running SBI Green Marathon can register themselves on bookmyshow.com or youtoocanrun.com.last_img read more