FMCG
Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
| Feb. 28, 2024, 11 a.m.
Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
Patanjali Foods shares decline 4% after the Supreme Court issues notices to Baba Ramdev and Acharya Balakrishnan over alleged violation of its orders. The court restrained Patanjali Ayurved from advertising medicinal products, prompting a clarification from Patanjali Foods that the order doesn't apply to it. The SC's action follows a dispute with the Indian Medical Association, accusing Patanjali of disparaging conventional medicines. The stock's decline continues for the third consecutive day amidst ongoing legal concerns.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
Latest News
