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Food regulator FSSAI has issued notices to Nestle India and Hindustan Unilever Ltd for misleading claims on the packaging of some of their food products. In a social media post on Saturday, the Food Safety and Standards Authority of India said notices have been issued against these two companies "regarding misleading claims and non-compliances". In the case of HUL, the notice has been issued for misleading claims on its product 'Horlicks Women's Plus Chocolate Nutrition Drink 400g'. "Claims such as 'Nutrition for Strong Bones', 'Clinically Proven to Help Improve Bone Strength in 6 Months' and 'Improves Bone Health' were found to be misleading or non-compliant with applicable regulations," FSSAI said. The claim 'healthy Muscles' was found to be in contravention of the provisions governing the use of the term "healthy" in food claims. Apart from that, the claim "No Added Sugar" was considered misleading in view of the presence of maltodextrin in the product, the regulator pointed ..
India remains the world's fastest-growing major economy despite a challenging global environment, and sustaining high growth will require continued reforms, investments and execution, HUL Chairman Nitin Paranjpe said on Tuesday. Addressing shareholders at the 93rd AGM, India has demonstrated "structural resilience" at a time when global economies are grappling with geopolitical conflicts, climate volatility, tightening financial conditions and shifting consumer behaviour. "While growth expectations have moderated, India continues to be the fastest-growing major economy," he said. India's long-term growth prospects are supported by "three drivers", which are favourable demographics, digital public infrastructure and a proactive policy environment. According to Paranjpe, India's young population can become a force multiplier for consumption, productivity and innovation, while the country's digital public infrastructure has created a unique foundation for commerce, credit and financia