AYUSH ministry objects to HUL’s AYUSH brand

Government of India has raised objections to the use of AYUSH as a trademark, said Shripad Yesso Naik, minister of Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homoeopathy. The objection is based on the contention that the abbreviation for the ministry’s name is also AYUSH, and is used by the government in official communications and publications. […]

Acharya Balkrishna: Swadeshi not about boycotting foreign ideas & capital

Acharya Balkrishna, the owner of Patanjali Ayurved — one of India’s biggest consumer products companies — clarified that his company was not advocating a boycott of foreign ideas, concepts or even capital in the name of going Swadeshi. Speaking at the India Economic Conclave in Mumbai, Balkrishna even said his company was even open to […]

Dabur Q2 sales down 1.1% on forex, GST; PAT up 1.3%

Dabur India, one of the world’s biggest manufacturers of natural FMCG products, reported a slight revenue decline for the second quarter, but net profit rose marginally. Dabur’s Sept quarter revenue was hit by a steep appreciation in the currencies of several of the countries where the company sells its wares, it said. Adjusted for currency […]

Worth Rs 70,000 cr, Patanjali’s Acharya Balkrishna named to India’s richest

Acharya Balkrishna of Patanjali has emerged as the latest addition to the list of the top ten richest people in India, which is still headed by Mukesh Ambani, chairman of Reliance Industries. Haridwar-based Acharya Balkrishna, age 45, rose to 8th position from 25th last year after seeing his wealth grow by 173%. He is now […]

Baba Ramdev’s Patanjali expands Ruchi Soya tie-up, eyes 20,000 cr edible oil sales

Patanjali Ayurved, the consumer products company headed by yoga exponent Baba Ramdev, has scaled up its agreement with Ruchi Soya, which has been facing financial stress due to high debt levels. Ruchi Soya said the two companies have agreed to expand their initial agreement — signed last month — to two Madhya Pradesh and Gujarat […]