Under the new initiative, Nestle will launch campaign with its diverse products, spanning 30 brands from coffee to baby formula in Alibaba platforms such as Tmall.
The Swiss group will pay DBV Technologies 10 million euros upfront for rights to its skin patch test for cow's milk protein allergy, with the balance depending on successful development, the two companies said on Tuesday.
Total Expenditure of the company slid by 7.23 per cent yoy to Rs 1,856.04 crore for the quarter ended March 2016 against Rs 2000.75 crore in Jan-March 2015.
Nestle India will bring back the chicken variant of its popular Maggi noodles online through Snapdeal from February 11 with pre-registration for the limited edition packs to be open till 2300 hours tomorrow.
Impoverished migrant workers in Thailand are sold or lured by false promises and forced to catch and process fish that ends up in global food giant Nestle SA's supply chains.
Swiss multinational food giant Nestle today lowered its full-year growth forecast to 4.5 per cent this year due to ban on Maggi noodles in India and slower sales recovery in China.
Nestle says ''forced labor has no place in our supply chain'' following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labor and human trafficking to make its Fancy Feast
Nestle's Maggi noodles comply with food safety standards according to authorities in Goa. Following this its shares were up 5.8 per cent in morning trade.
