Nestle India pays Rs 1,024.5 cr licence fee to Swiss parent entity in FY26

General licence fees (royalty) paid by FMCG major Nestle India to its Switzerland-based group entity Société des Produits Nestlé S.A. were up 13.91 per cent to Rs 1,024.5 crore in FY26, according to the company’s latest annual report. Besides, Nestle India also paid a ‘withholding tax on general licence fees’ of 102.47 crore for the […]

Govt mandates standard packaging sizes for edible oils to help consumerscompare prices

The Department of Consumer Affairs has prescribed standard pack sizes for edible oils under the Legal Metrology framework, a move aimed at helping consumers compare prices across brands and make informed purchasing decisions. The department has amended its Standard Operating Procedure (SoP) for determination of net quantity and standard pack sizes of edible oils and […]

India needs strong ‘product passport’ system to boost seafood exports: Official

India needs a robust “product passport” system for boosting seafood exports as developed nations are increasingly demanding digital traceability, sustainability credentials and quality assurance from the fishing boat or farm to the consumer, an official said. The concept of a product passport encompasses the complete set of attributes associated with an export product, including quality […]