Patanjali Yogpeeth announced to make investments of more than Rs 1,000 crore in Uttarakhand. The investment will improve public health in the state and promote its rich culture, said the trust on September 14.
Making the announcement in Gangotri, Patanjali Yogpeeth founder Baba Ramdev said he will work towards making Uttarakhand the spiritual and cultural capital of the world. Moreover, Uttarakhand CM Pushkar Singh Dhami welcomed the… read-more
Courtesy: Press Trust of India
Ruchi Soya Industries Limited, which is set to open for Further Public Offerings (FPO) from March 24, attracted Rs 1,290 crore investment from 46 anchor investors. Backed by Baba Ramdev's Patanjali, the company's FPO will be a fresh issuance of equity to public, without any offer for sale component in India. Furthermore, post the FPO, Patanjali Group's holding will come down to about 81%, and the public shareholders to 19%.
Courtesy: The Free Press Journal
Patanjali Ayurved Limited and Punjab National Bank launched co-branded credit cards in partnership with the National Payments Corporation of India, on March 2. The cards will be offered on NPCI’s RuPay Platform which will include a 5-10% discount on the purchase. The event was attended by Baba Ramdev and Patanjali co-founder Acharya Balkrishna. "This is in accordance with the commitment of PM Narendra Modi of Aatma Nirbhar Bharat," said… read-more
Yoga guru Ramdev launched two television channels, Aastha Nepal TV and Patanjali Nepal TV in Nepal on November 19. Ramdev arrived in Kathmandu with his associate Acharya Bal Krishna on November 18 on the three-day visit. Patanjali Sewa Sadan and Swadeshi Samridhi card were also inaugurated at the event. Further, Ramdev will also inspect the project being developed by the Patanjali Ayurved group in Western Nepal's Syangja… read-more
Courtesy: Deccan Herald
In order to raise a fund of Rs 4,300 crore, oil company Ruchi Soya owned by Baba Ramdev has filed a draft document with SEBI to initiate FPO. However, to meet the SEBI norms of minimum public shareholding of 25 percent the FPO is being filed. Besides, the authorities have also approved to raise funds through equity share and price closed at Rs 1,242.35 apiece over BSE on June 11.
Courtesy: Business Standard
The Indian Medical Association (IMA) has questioned Health Minister Dr. Harsh Vardhan for his presence at "falsely fabricated unscientific product" Patanjali's Coronil launch, on February 19. Expressing shock on "the blatant lie of WHO certification" by Patanjali, the IMA called for a suo-moto investigation into the matter. The IMA alarmed after the global health body WHO cleared that it has not reviewd or certified efficacy of any… read-more
Courtesy: The Hindu
The first scientific research paper on 'Coronil', an indigenous ayurvedic medicine developed by Baba Ramdev's Patanjali, was released on February 19. Releasing the research paper, Ramdev claimed that lakhs of people have benefitted from the medicine. He also said that the medicine can provide 100% recovery within a week. Earlier, touted as a cure to COVID-19, 'Coronil' was launched in June 2020. However, after facing criticism, it was… read-more
Courtesy: Times Now
Patanjali-claimed COVID-19 remedy 'Coronil' was found to be available for sale in stores in London. Reportedly, the medicine was being sold primarily in Asian areas without UK's Medicines and Healthcare products Regulatory Agency's (MHRA) approval. Moreover, advertising rules in UK bars 'Coronil' to be called as immunity booster or any reference related to the COVID-19 complications. Referring to the issue, MHRA said it will take "appropriate… read-more
Courtesy: Zee News
Major honey brands in India like Dabur and Patanjali have come under scrutiny after a report alleged that their products are adulterated with modified sugar syrup. Reportedly, 10 of 13 Indian brands failed in molecular composition-tracking Nuclear Magnetic Resonance (NMR) test while three did not even match Indian quality standards. However, the companies have refuted the allegations by saying that the report seems "motivated" and "a plot to… read-more
Courtesy: The Indian Express
With IPL 2020 set to start, BCCI is still courting sponsors and many companies, including Patanjali Ayurvedic Ltd, are in the race for that. However, when asked about IPL sponsorship, Patanjali's owner Baba Ramdev said, "It's too early to talk about it... Patanjali will only make bid when no other Indian company comes out or is in the fray for IPL title sponsorship deal."
Courtesy: Cricket Addictor