60% of Nestle's food portfolio unhealthy, says report : Bulletin: Business Today
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60% of Nestle's food portfolio unhealthy, says report

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Rashi Bisaria | June 1, 2021

60% of Nestle's food portfolio unhealthy, says report; company on firefighting mode

Nestle is now on a damage control mode after a report stated that over 60 per cent of its food portfolio is unhealthy. The company said that it is updating its nutrition and health strategy. The food giant stated that it is working on a 'company-wide project' to update its nutrition and health strategy and is looking at its entire portfolio to make sure that its products meet nutritional needs. They acknowledged that some of their products will never be healthy, no matter how much they renovate, according to a report by Financial Times.

Lockdown? Demand for travel credit cards booms in FY21

The demand for travel credit cards jumped in FY21, especially in the fourth quarter, even as people remained cooped up at home amid lockdown. Travel credit cards constituted 25.6 per cent of the total applications in FY21, up from 17.13 per cent in FY20, data from financial product marketplace BankBazaar.com showed. Moreover, of total travel credit card applications in FY21, 41 per cent were applied in the fourth quarter alone.

Juhi Chawla files lawsuit against 5G networks over radiation concerns

Actress Juhi Chawla on Monday filed a suit in the Delhi High Court against the implementation of 5G wireless networks in the country. The environmentalist has raised concerns over issues related to the impact of the radiation on citizens, animals, flora and fauna. "These 5G plans threaten to provoke serious, irreversible effects on humans and permanent damage to all of the Earth's ecosystems," she said.

RBI provides relief to Bitcoin, Dogecoin investors, asks banks to carry out due diligence

The Reserve Bank of India has given a huge relief to crypto investors and traders by clarifying that banks and other entities cannot use its 2018 order on virtual currencies to caution their customers. This gives investors more clarity on trading in Bitcoin, Dogecoin and other popular cryptocurrencies. The central bank said that its order was set aside by the Supreme Court and cannot be cited by the banks.

GDP growth momentum affected by 2nd Covid wave: CEA KV Subramanian

Chief Economic Adviser KV Subramanian on Monday said the momentum of GDP growth has been affected by the second Covid-19 wave, but assured that its overall economic impact is unlikely to be very large. Indian economy grew 1.6 per cent in January-March quarter of financial year 2020-21, while full-year GDP shrunk by 7.3 per cent, the worst performance in the last 40 years.

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