Nestle announces new MD

Mr Suresh Narayanan, the current CMD of Nestle India will retire on July 31, 2025. The Company has informed that Manish Tiwary, the Country Manager of Amazon India will take over from Suresh w.e.f August 1, 2025. Before joining Amazon in 2016, Manish had a 20 year career at Unilever, where he held roles in … Read more

Sequoia sells out of Prataap Snacks to a Dangi promoted entity

Authum Investment & Infrastructure (AIIL) and Mahi Madhusudan Kela are together acquiring 46.85% stake of Prataap Snacks (PSL) from Sequoia. 42.31% is being acquired by AIIL and 4.54% by Mahi Madhusudan Kela @ Rs 746/ share Mahi will also get classified as part of the promoter group. Sequoia is selling out completely. In line with … Read more

Unilever draws up new metrics to reward directors

Girding up to fight growth pressures globally, Unilever is doubling down on performance-led pay cheques for its directors across the globe after its shareholders flagged excessive pay amid fears of uncertain business environments and intense competition this year. The Anglo-Dutch consumer giant has implemented a new reward framework across markets including India with metrics more … Read more

Nestle faces scrutiny from FSSAI

Nestle has once again got into an unhealthy food controversy. Everyone would remember the maggi noodle controversy that Nestle was subjected to in 2015. It then took more than a year for Nestle to navigate the troubled waters. Again in 2021, the Company got a scare. This time an internal memo got leaked wherein the … Read more

Nestle India increases royalty to the parent

Nestle India’s board has approved a staggered increase in royalty payout to the company’s Swiss parent Société des Produits Nestlé S.A. (The Company had in 2019 announced that it would seek approval of it’s shareholders every five years for royalty payments to it’s parent company.) Royalty will increase from current 4.5% of net sales to … Read more