5 Oct 2016

Nestle versus Cadbury and Ferrero Rocher

Pidilite has tied up with WD-40 to distribute a multi-purpose lubricant spray in India. Lupin has received USFDA approval to market its generic version of memantine hydrochloride extended release capsules for treating Alzheimer’s disease. Nestle India has asked the Supreme Court for permission to destroy 550 tonnes of instant noodles recalled in the recent additive controversy. They have passed their sell-by dates and represent a health hazard in the 39 locations where they are stored. The company is launching its European brands of premium chocolate in India to take on Cadbury and Ferrero Rocher. Bajaj Auto expects a 15% volume boost in domestic sales in this year’s festive period compared to flat sales last year. Exports will continue to be held back by Nigeria which is not recovering. Bajaj will launch a new 400cc bike in November.

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