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Patanjali Foods has received a show cause notice from the Directorate General of GST Intelligence, Chandigarh, for allegedly claiming Rs. 27.5 crore in undue input tax credit. The company has vowed to defend its position and comply with the law, stating that the financial implications are yet to be determined.
Shares of Mishtann Foods have delivered multibagger return to its long-term investors. The FMCG player has announced that it is looking to introduce new products for domestic markets like free flow iodized salt, crystal salt and rock salt and also ventured into new markets like North Eastern India. Here's everything you need to know:
Best Media Info: The last quarter of FY23 also saw Colgate Palmolive India’s ad spends declining by 2.65% YoY to Rs 143 crore, juxtaposed to Q4FY22’s Rs 147 crore| Marketing News
FMCG majors may have to choose between letting go of customers and margin squeeze in the coming days.