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BusinessToday.in
New Delhi, July 3, 2018
Pantene, Unilever, Colgate will not last long against Patanjali, says Baba RamdevAfter upstaging giants like Unilever, Colgate, Pantene and Nestle, Baba Ramdev is openly mocking these companies as competition goes fierce in India's FMCG segment. Baba Ramdev who founded Patanjali Ayurved said that all these companies would wither away and it is just a matter of time. \"People pass away in 100 years... so these companies will also pass away in a couple of days... we have just made them do shirsasana... in a couple of days they will attain moksha also,\" the baba said. However, Baba Ramdev's Patanjali Ayurved that had recorded over 100% growth rate about a year ago saw a considerable dip in demand in the past year. A senior manager told Business Today in June this year, \"Their store filling frequency is pathetic. When the consumer asks for the product and it's not available she obviously moves to other brands.\"Flipkart deal in line with govt's FDI policy, says WalmartUS retail giant Walmart on Monday said its proposed $16 billion acquisition of Flipkart was in accordance with the government's FDI policy even as local shopkeepers and traders continued their protest against the deal. The Confederation of All India Traders (CAIT) organized mass sit-in protests across cities such as Delhi and Mumbai against the deal on Monday. The traders body fears Walmart's buyout of Bengaluru-based Flipkart will create a monopoly in the retail market and drive mom-and-pop stores out of business. CAIT has been urging the government to scrap the deal and constitute a regulatory authority to monitor the country's e-commerce market.Trump: WTO needs to change ways or US will do 'something'President Donald Trump is warning the World Trade Organisation that if the United States isn't treated \"properly, we will be doing something.\" Trump is again denying plans to withdraw the U.S. from the WTO but tells reporters in the Oval Office that the trade organization needs to change its ways. Trump has struck US allies with tough tariffs and is planning to impose tough trade penalties on China later this week. He says the WTO has treated the U.S. \"very badly and I hope they change their ways.\" He says he's not \"planning anything now\" but if the WTO doesn't treat the U.S. properly, \"we will be doing something.\" Trump did not elaborate. He spoke during a White House meeting with Dutch Prime Minister Mark Rutte Nikkei Manufacturing PMI rises to 53.1 in June, the fastest growth in 2018The latest Nikkei India Manufacturing Purchasing Managers Index (PMI) survey brings plenty to cheer about. The PMI rose to 53.1 in June from 51.2 in May, consistent with the fastest improvement in the health of India's manufacturing economy in the year so far. This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. A score above 50 means expansion, while a reading below 50 points toward contraction. According to the survey, the sector's activity grew at the strongest pace since last December, supported by rise in domestic and export orders.Sanju surpasses Baahubali 2 to register highest single day collectionRanbir Kapoor-starrer Sanju has created history by recording the highest single day collection for a Hindi film. On the third day, according to trade analyst, Taran Adarsh, the Rajkumar Hirani-directed biopic cashed in Rs 46.71 crore. In doing so, it surpassed the Rs 46.50 record set by Baahubali 2 in April, 2017. The film was released across 4,000 screens in India, and 1,300 screens overseas. It grossed Rs 34.75 crore on Friday, Rs 38.60 crore on Saturday, and created history on Sunday. In total, the film has managed to mint Rs 120.60 crore in the first three days of its release, making it the highest weekend opening for a film in 2018.


BusinessToday.In
New Delhi, July 2, 2018
Baba Ramdev had also said then that Colgate would be below Patanjali by the end of the year and in three years time they will overtake Unilever as well.


BusinessToday.In
New Delhi, June 25, 2018
First time the statue of a Yogi would be installed at Madame Tussauds museum in London. This will further add to the glory of the science of Yoga and will motivate people across the globe to adopt a Yogic lifestyle, says Ramdev.


Mail Today Bureau
June 23, 2018
Adani Wilmar has put in a Rs 6,000 crore bid for Ruchi Soya vs Patanjal's Rs 5,700 crore. Patanjali has not moved a counter bid under the Swiss system of auction as it claims that Adani Wilmar is not eligible to participate in the bidding for Ruchi Soya.


BusinessToday.In
New Delhi, June 21, 2018
CEA job was the best; leaving due to \"very compelling reasons\", says Arvind SubramanianChief Economic Adviser Arvind Subramanian has decided to quit the job, with close to a year of his tenure remaining, and return to the US for \"very compelling reasons\" -- the second high profile exit from government in less than a year. He said he would leave the office within the next two months even though his contractual term was co-terminus with the government. Subramanian was appointed as CEA, finance ministry, on October 16, 2014 for a 3-year term and was given an extension last year. PNB's internal probe reveals systemic lapses far beyond a few rogue employees: ReportThe $2 billion fraud perpetuated by diamantaire Nirav Modi led to PNB posting the biggest quarterly loss in India's banking history last month. Making matters worse, the bank's own internal probe has reportedly revealed that the lapses that caused the drawn-out fraud go far beyond a few rogue employees. According to Reuters, a 162-page internal report, produced by four senior PNB officials tasked with probing the fraud, lays out how failings by 54 PNB officials allowed the fraud to be perpetrated. These officials range from clerks to foreign exchange managers, and auditors to heads of regional offices, and eight among them have already been charged by the Central Bureau of Investigation (CBI) for the roles they played. Only 25% of Indian adults use Internet, 80% don't use social media: Pew ResearchWith only 25% of adults using Internet, India is one of the countries with the lowest usage in the world. At par with India is Tanzania. Both these countries are way below the global median of 75%, as a new survey by Pew Research Center reveals. South Korea bagged the top spot with whopping 96% adults reportedly using the Internet. The survey conducted across 37 countries show that India as well as sub-Saharan Africa have a lot of catching up to do in terms of Internet usage. The survey also showed that younger generations, between 18 to 36 years of age, are more likely to use Internet than people above 37 years. That's revealed to be a global trend. Moreover, there's a marked difference between the percentages of usage between more and less educated people. In India, that difference is of 42 points. Oppo looks to strengthen position in premium smartphone segment  Chinese smartphone maker Oppo is looking to strengthen its presence in the premium smartphone space globally as it expands its operations in the European market, a top company official has said. The smartphone major unveiled here its flagship device 'FindX', priced at 999 euros (over Rs 78,000).Oppo ranks among the top five players in the Indian smartphone market in terms of shipment. FindX, which will compete with flagship devices from the stables of players like Apple, Samsung and Huawei, will be launched in the Indian market on July 12 and is expected to be available for sale from August.OYO enters Chinese market, starts ops in 26 cities  Hospitality firm OYO today said it has forayed in China as part of its overseas expansion plans. China is the company's third overseas market, after its successful venture into Malaysia and Nepal, where it has grown multi-fold. The country's tourism industry is on the cusp of booming and flourishing wherein it enjoys a strong influx of both domestic and international tourists. The company has started operations in 26 cities in China Baba Ramdev is hiring more than 50,000 people for PatanjaliPatanjali Ayurved Limited, India's fastest growing FMGC company, is all set to hire more than 50,000 youth across the country. The company, founded in 2006, started by selling ayurvedic products. However, since the past few years, the company has infiltrated different segments of the market which include telecom, food and beverages, technology, personal care, etc.The firm is currently hiring 40 to 50 salesmen in each district of the country to support the logistics of their expansion. The candidate will get the opportunity to work in various divisions of the firm including food, personal care, home care, etc. Additionally, they will also hire 50 to 100 youth in each district to act as home delivery representatives


BusinessToday.In
New Delhi, June 20, 2018
The candidate will get the opportunity to work in various divisions of the firm including food, personal care, home care, etc.


Kumar Abhishek
Lucknow, June 20, 2018
The clearance will enable the Baba Ramdev-led company to meet the Centre's June 30 deadline to complete the acquisition of land, for the final approval to set up the food park


PTI
June 19, 2018
Patanjali was to submit its revised bid under the Swiss Challenge system by June 16. But it has not yet submitted improved bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.


BusinessToday.In
June 18, 2018
Patanjali had the chance to match the offer by June 16 under the Swiss Challenge method. But reports suggest that Patanjali has not revised its offer of Rs 5,700 crore, therefore paving way for Adani Wilmar to takeover Ruchi Soya.


BusinessToday.In
June 18, 2018
The much-awaited report by the Justice BN Srikrishna-led committee for a data protection framework for India is expected by the end of the month.


BusinessToday.In
June 17, 2018
Last month, Patanjali had released Kimbho app on Android's Play Store and iOS' App Store but removed it in just few hours of launch. Patanjali claimed that the instant messaging app was released for one-day trial and would be back on app stores officially very soon after technical development phase was over.


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


Ajita Shashidhar
New Delhi, June 15, 2018
In the past one year while competition has grown in strength, the Patanjali growth story has crumbled like a pack of cards.


BusinessToday.In
New Delhi, June 14, 2018
'Paridhan' would add to a series of products launched by Patanjali, which focuses on 'swadeshi' and all-natural theme of products that strike with the Indian traditions and ethos.


PTI
June 13, 2018



PTI
June 13, 2018



BusinessToday.In
June 13, 2018
Earlier, it was reported that the creditors committee was not happy with the initial bids where Patanjali was the top bidder with an offer of around Rs 4,300 crore followed by Adani at Rs 3,300 crore.


BusinessToday.In
June 13, 2018
Billionaire Gautam Adani's group company has offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, media reports said.


BusinessToday.In
June 11, 2018
The stock rose as much as 4.94% to hit an intra day high of 13.38 in trade today. The stock has been losing for the last five days and has fallen 18.67% during the period.


PTI
June 10, 2018



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