Anup Tiwari
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NEW DELHI: Shares of Nestle India
gained over 4 per cent in trade
today after hearing on the Maggi
case was set for July 2, 2015.
Sources tell ET Now that Barabanki
court has issued notice to Nestle in
Maggi case and the hearing on the
case is on July 2, 2015.
The UP FDA found lead content in
Maggi to be seven times more than
the permissible level in a routine
test of two dozen noodle packets.
Reports of finding of excessive lead
and monosodium glutamate in Maggi
samples surfaced in mid-May.
However, it has failed to have any
significant impact on the stock
price.
According to the report, UPFDA
officials are 'shocked' to find such
life-threatening high levels of lead in
Maggi. If found guilty, the company
may be penalised with a court-
determined fine and jail term of at
least three years for senior
executives.
http://m.economictimes.com/markets/...9879.cms#_ga=1.24713658.1497087435.1427102593
gained over 4 per cent in trade
today after hearing on the Maggi
case was set for July 2, 2015.
Sources tell ET Now that Barabanki
court has issued notice to Nestle in
Maggi case and the hearing on the
case is on July 2, 2015.
The UP FDA found lead content in
Maggi to be seven times more than
the permissible level in a routine
test of two dozen noodle packets.
Reports of finding of excessive lead
and monosodium glutamate in Maggi
samples surfaced in mid-May.
However, it has failed to have any
significant impact on the stock
price.
According to the report, UPFDA
officials are 'shocked' to find such
life-threatening high levels of lead in
Maggi. If found guilty, the company
may be penalised with a court-
determined fine and jail term of at
least three years for senior
executives.
http://m.economictimes.com/markets/...9879.cms#_ga=1.24713658.1497087435.1427102593