The two minutes noodle was about to run into an apocalyptic end when Bombay high court’s decision entered into the scene as a lifeguard and breathed life into the country’s most coveted noodle brand. After a stretch of two months, Maggi will be back to the pavilion gaming for sixes and fours in the Indian food industry. The banishment of the scrumptious noodle was owing to the presence of MSG and Lead beyond permissible limits. However, its recuperation from a vegetative state has given way to revelry owing to its popularity among the noodle lovers.
Dil Maange More + Thanda matlab Coca-Cola
The aforementioned lyrical monologue immediately paints a picture of a 600ml bottle of Pepsi and coke respectively. Both the brands got into the soup owing to an alleged anomaly in their content. According to a CSE report, the aerated drinks were found to contain unacceptable amounts of pesticide that exceeded the proposed Indian safety standards. Despite going through a tumultuous phase for a considerable period of time, both the brands ended up reconciling their market standards.
Cadbury Dairy milk
From a toddler to an old fogey, each and everyone- once in a while- must have craved for an extra bite of that
delectable cadbury bar which leaves one gawking at its purple wrapper. The brand got lambasted few years ago owing to the presence of worms in the chocolate bar. However, the company jumped to its rescue with loaded PR campaigns. Two weeks after the brand got criticised owing to the anomaly, advertisements started thronging television screens with Bollywood’s Big B reiterating how Cadbury dairy milk is the most trusted brand, flaunting the golden metallic foil that would shied the coveted piece of chocolate from worms.
Kentucky fried chicken (KFC)
While licking our fingers after a steamy platter of fried chicken the only tune that comes to one’s mind is the famous KFC jingle- It’s finger licking good. In the year 2012, the international brand got into controversies, as worms were detected in the chicken nuggets in one of the outlets in Kerela. The company braced itself up and immediately trailed on the alleged discrepancy. Though there was a temporary upheaval over the issue, KFC lovers didn’t stop nibbling on the same.
Despite the permeating contentions over the aforementioned sought after brands, people, at the end of the day, prefer a platter of toothsome food, debunking the tenets of precautionary measures. Be it Maggie or KFC, at the end of the day taste buds triumph over functional glitches.
Indians have contributed to growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google)
Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996
New Delhi, August 21, 2017: Indians are facing accusations from Americans that they are snatching away American jobs, but it’s not the case. There is an Indian- American venture capital firm called Inventus Capital Partners which is trying to throw some light on the contributions Indians have made in the growth of Silicon Valley.
Indians are stereotypically viewed as a source of cheap labor in US Technology Industry but they are much more than that. Case in point is over the last 10-20 years, Indians have contributed to the growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators instead of being just job seekers.
As per a report from July, Director of Inventus Capital Partners- Manu Rekhi, the company operates from Bengaluru and San Mateo, California, he observed how Indians have left a mark in the American entrepreneurial space.
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google). But these success stories were due to decades of hard work.
In the early 1980’s, arrived in the US the first generation of Indian entrepreneurs. According to Quartz report, Manu Rekhi said, “Among these legends was Kanwal Rekhi (my partner) along with Vinod Khosla, Naren Gupta, Prabhu Goel, Suhas Patil, and many others, who went on to finding notable companies like Sun Microsystems (acquired by Oracle), Excelan, and Cirrus Logic.”
When the early entrepreneurs moved to America global exposure was very limited and also their understanding of consumer behavior of the people in the US was also limited. That is the reason they founded engineering- heavy systems and networking companies instead of going for consumer facing ones.
Slowly, with time more Indian tried their hands at launching new ventures and also US doors opened for foreign students, thus Indian entrepreneurs turned their focus from enterprise to consumer- oriented companies. One prime example of this is Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996. Sabeer Bhatia is a BITS Pilani graduate, did masters from Stanford University and has worked for Apple before launching his maiden email service.
The 1990s was also the year in which the Indian-origin leaders were also mentors in the Silicon Valley. Case in point is BV Jagadeesh who is a Serial Entrepreneur and Venture Capitalist. Jagdeesh helped to raise the seed money for Netscaler, a San Jose based company. He later went on to become its President and also CEO by the year 2000. Currently, Jagadeesh is a managing partner at KAAJ Ventures, it makes early stage investments in startups, and he is also an adjunct professor at Santa Clara University, takes classes on early-stage startups and valuation. Ram Shriram is a Venture Capitalist, a founding board member and is one of the first investors in Google. His stake in the company was $ 1.3 billion in the mid-2000, he also mentors budding startups.
Rekhi said that later companies of Indian entrepreneurs shifted towards technologies which were more advanced.For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion-dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
Indians are less than 1% in the total US population, but still by 2012 they founded 8% of all the American tech & engineering startups. The group has started one-third of the immigrant-founded startups in the US. The firms which they have founded also provide great acquisition opportunities and also made high-value public debuts, Rekhi said, mentions Quartz report.
The first Indian-American founder led company- Nasdaq IPO (Initial Public Offering) opened its doors in 1987 with Excelan going public, but the pickup in big-value exists came only in recent times.
In the last 5 years, the software and services sector, which has 17 companies, tops the list of IPOs owned by Indian founders and co-founders and has a combined market Capital of amount $26.2 billion. The second in the list were Pharmaceuticals, biotechnology, and life sciences in terms of the number of IPOs (six). But, the retail industry saw a much larger market Capital of as much as $6.67 billion, in comparison to Pharmaceuticals, it was $397 million. 10 of these 34 companies that make approximately 29% were acquired following their stock-market debut.
According to Quartz report, Rekhi said: “Even before the turn of the millennium, companies like IBM and Intel had been making acquisitions, but mostly of outsourcing services companies where you’re basically buying manpower.”
But between 2012 and 2017, more than 25 companies by Indian-origin entrepreneurs saw mergers and acquisitions worth- $500 million and more, Rekhi found.
Rekhi noted, “Topping that list is Western Digital’s acquisition of SanDisk, worth a whopping $19 billion, followed by several acquisitions from Cisco, HPE, and SAP.”
Today, 14 of the 261 unicorns are headed by Indian-origin founders (private companies valued at over $1 billion) in the US. These 14 startups, when taken together have a combined value of $35.17 billion and funding of $81.8 billion, with the IT industry taking the lead, according to Rekhi.
NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt. Click here- www.newsgram.com/donate
New Delhi: Three laboratories mandated by the Bombay High Court have found lead content in 90 samples of Maggi instant noodles much below the permissible limits, a company statement said on Tuesday.
“We have received the test results from all three laboratories mandated by the Bombay High Court to test Maggi noodles samples. All 90 samples, covering six variants, tested by these laboratories are clear, with the lead much below the permissible limits,” Nestle India said in the statement.
“In compliance with the high court orders, we will now commence manufacture and will begin selling only after the newly manufactured products are also cleared by the three designated laboratories,” it added.
The company is hopeful about reintroducing Maggi noodles in the market at the earliest.
It said it had got conducted over 3,500 tests on samples, representing over 200 million packs, in both nationally as well as internationally accredited laboratories and all reports are clear.
Nestle India also reiterated its resolve to collaborate with the Food Safety and Standards Authority of India, the apex food regulator in the country, and other stakeholders on the matter.
After a five-month ban on the two-minute noodles for alleged high lead and Monosodium Glutamate levels, the Indian arm of the Swiss giant Nestle announced in November a pact with Snapdeal for the online sale of the instant noodles and its re-introduction in 100 cities in the country.(IANS)
New Delhi: Supreme Court of India on Wednesday ordered a fresh testing of 16 samples of Nestle’s Maggi noodles.
The apex court yesterday sent a notice to the Centre seeking their response on the plea of Nestle India Ltd against the NCDRC’s order of testing for 16 more samples.
The government filed a Rs 640-crore suit against the noodle company for the unfair trade. Last week NCDRC had asked for 16 more samples for further testing and Nestle went to the Supreme Court against the apex court’s order.
While, Supreme Court sent a notice to the government, it also ordered a fresh testing giving Nestle India another jolt.
Maggi after bans in many states returned a month ago to the Indian markets.
The fast and easy to make noodle product did not lose the popularity even after the ban and consumers were waiting for its return.
Previously, Nestle India on 9 November said it had begun the roll-out of Maggi noodles in 100 cities, terming the five-month ban as “one of the biggest crises” it had faced in the 32-year history of the brand in the country. It also announced a pact with Snapdeal for online sales.
“The return of Maggi Noodles on the auspicious eve of Deepawali and on the day of Dhanteras is a moment of celebration for all of us,” Nestle India chairman and managing director Suresh Narayanan said, announcing the re-launch, after it was taken off the shelves on June 5.
“The crisis we went through is a big one for Nestle India. But we were always confident about the quality and safety of Maggi noodles. It is an important brand for the company,” Narayanan told a round-table with journalists to announce the re-launch.
“The first to hit the shelves will be the masala variant, which will be available in single, twin, four and six packs. Other variants will follow later,” he said.
“Maggi has special relationships and strong emotional bonds with consumers across the country and I am confident our bonds will grow stronger,” he said. “Separately, Nestle India is pleased to partner with Snapdeal to roll-out online offers to mark this special occasion.”
On June 5, the Food Safety and Standards Authority of India (FSSAI) had ordered a pan India ban on the company’s noodles on the ground that these were “unsafe and hazardous” for humans due to the presence of lead, allegedly beyond permissible limits.
After a five-month legal battle, Nestle announced that the masala version of Maggi noodles will hit the retail shelves as early as this month having cleared all tests ordered by the Bombay High Court at three accredited laboratories. (IANS)