Ramdev's Patanjali

The Congress on Sunday accused the Uttarakhand government of giving 142 acres of 'heritage' land of the George Everest Estate in Mussoorie, worth more than Rs 30,000 crore, to a company linked to yoga guru Ramdev's aide Acharya Balkrishna on an annual rent of just Rs 1 crore. The party demanded a CBI probe into the matter under the supervision of the high court. Uttarakhand Pradesh Congress Committee president Karan Mahara called it the "biggest scam in the state so far". He alleged that the scam in the tourism development project of George Everest Estate is clear evidence of the BJP's "crony capitalism". "There should be a CBI probe under the supervision of the high court into the George Everest land scam. The BJP government has turned Uttarakhand into a den of loot. The Congress will fight on this issue from the streets to the House and will get justice for the people,' Mahara said in a press release issued here. Mahara alleged that all three companies that bid in the tender issu

The Supreme Court on Friday asked yoga guru Ramdev to implead the complainants, who have lodged cases against him over his alleged remarks against the use of allopathic medicines during the Covid pandemic, as party in his plea seeking stay of criminal proceedings. The Patna and Raipur chapters of the Indian Medical Association (IMA) have lodged complaints in 2021 alleging Ramdev's remarks were likely to cause prejudice to Covid control mechanism and may dissuade people from availing proper treatment. A bench of Justices MM Sundresh and PB Varale, which was hearing Ramdev's plea seeking stay on criminal proceedings, said he needs to implead the complainants for securing relief in the matter. The bench granted liberty to Ramdev to implead the complainants and posted the matter for hearing after the summer vacations of the apex court, which are starting from May 20. The counsel appearing for the Bihar government said he needed time to file reply in the matter. In his plea, Ramdev ha

Justice Hima Kohli further said that the licencing authority was hand in glove with Patanjali and did nothing "except pushing the file around

Patanjali Ayurved founder Ramdev and MD Balkrishna have submitted affidavits offering 'unconditional, unqualified' apologies to the Supreme Court

The court had earlier said that Ramdev and Balkrishna were in violation of Section 3 and 4 of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954

US-based investment firm GQG Partners has bought a 5.96 per cent stake in edible oil firm Patanjali Foods, which is promoted by Baba Ramdev-led Patanjali Ayurved. GQG Partners has bought 2,15,64,517 equity shares of Patanjali Foods through Offer For Sale (OFS) route, according to a regulatory filing. This translates into a 5.96 per cent stake in Patanjali Foods. Patanjali Foods share price closed at Rs 1,332.75 apiece on Wednesday, up 4.64 per cent from Tuesday. The market cap of Patanjali Foods stood at Rs 48,245 crore. At current valuation, GQG Partners' shareholding in Patanjali Foods is worth nearly Rs 2,900 crore. Last week, Patanjali Foods announced that its promoter Patanjali Ayurved will sell up to 2.53 crore shares of the company through OFS in a bid to increase public float. The floor price was kept at Rs 1,000. The two-day Offer For Sale (OFS) was launched on July 13-14 by promoter entity Patanjali Ayurved to pare its total stake in Patanjali Foods by around 7 per cent

Baba Ramdev-backed Patanjali Foods recorded a decline in profitability for the quarter that ended September 30 with total income at Rs 8,524 crore during the quarter, against Rs 6,010 crore in Q1 FY22

The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer

VHP international president Vishnu Sadashiv Kokje on Sunday said a tussle among different lobbies over their commercial interests could be behind the ongoing debate between Ayurveda and Allopathy

Patanjali also suffered, like many others, from Modi's 2016 ban on high-denomination banknotes and 2017 introduction of a new goods and services tax.

The company has set a target of beginning production at four new facilities by mid-2018

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