{
Nestlé S.A.

Companies

}
Switzerland revokes India's MFN status amid Nestle tax dispute
Switzerland has revoked India's Most Favoured Nation (MFN) status following a ruling by the Indian Supreme Court against Nestle, leading to increased tax implications for Indian businesses. Starting January 1, 2025, Indian companies in Switzerland will face a 10 percent withholding tax on dividends, marking a significant shift in Swiss-Indian economic relations.
Devdiscourse
Nestlé S.A. IND
Regulatory & Legal, News Article
12:18 13.12.2024
Nestlé baby food meets safety standards amid sugar content concerns in India
Union Health Minister Jagat Prakash Nadda informed the Lok Sabha that Nestlé's Cerelac complies with Indian and global food safety standards, countering allegations from a Swiss NGO regarding its sugar content. Inspections by the Food Safety and Standards Authority of India confirmed adherence to regulations, which align with WHO recommendations for infant nutrition. Cerelac, a leading baby cereal brand, adjusts its sugar content for different markets, with significant sales in low- and middle-income countries like India and Brazil.
Business Today
United States Dollar Nestlé S.A. IND GBR DEU J. P. Nadda Show more
Regulatory & Legal, Market Report
11:43 13.12.2024
Nestle India stock shows positive momentum surpassing key moving average
Nestle India's stock is currently trading at ₹2250.95, with a market capitalization of ₹217,195.68 million and a volume of 452,433 shares. The price-to-earnings ratio stands at 67.12, and earnings per share are ₹33.56. Notably, the stock has surpassed its 20-day Simple Moving Average, indicating a positive market momentum with a daily increase of 1.22%.
website
Indian Rupee Nestlé S.A. IND
Finance & Economy, Market Report
10:22 13.12.2024
Switzerland revokes most favoured nation status for India amid tax dispute
Switzerland has revoked India's 'Most Favoured Nation' status, ending a 30-year double taxation agreement, which will lead to higher taxes for Indian entities operating in Switzerland starting January 1, 2025. This decision follows a Supreme Court ruling regarding Nestlé SA, indicating that Switzerland's tax rate reduction on dividends does not require reciprocal action from India without a formal notification. The change could significantly impact investments, as dividends will be taxed at the original rate of 10%.
NDTV Profit
Swiss Franc Indian Rupee Nestlé S.A. CHE Sameer Gupta Sandeep Jhunjhunwala
Regulatory & Legal, News Article
10:00 13.12.2024
consumer goods companies embrace cloud and open source innovations at aws re invent
Nestlé is modernizing its operations by exploring open-source technologies alongside its traditional commercial databases, aiming for greater flexibility and cost savings. Meanwhile, Centric Brands successfully launched its IZOD direct-to-consumer site with AWS support, overcoming previous logistical challenges. Versuni, a luxury appliance manufacturer, built its digital platform from scratch on AWS to enhance reliability and self-service analytics, completing the migration in 18 months.
Consumer Goods Technology
Nestlé S.A. Centric Brands Inc. Blair Rafuse Marcel Bijl
Technology & Innovation, Market Report
19:11 12.12.2024
food industry highlights of 2024 from leadership changes to market trends
2024 has been a tumultuous year for the food and drink sector, marked by significant changes such as Nestlé's leadership transition and Unilever's decision to separate its ice cream business. The European Deforestation Regulation faced delays amid industry panic, while ultra-processed foods drew increased scrutiny. Meanwhile, the rise of GLP-1 drugs promises to reshape consumer eating habits, and the plant-based market shows signs of recovery after a downturn.
FoodNavigator.com
United States Dollar Nestlé S.A. Beyond Meat, Inc. McDonald's Corporation Unilever PLC Hein Schumacher Mark L. Schneider Laurent Freixe Show more
Regulatory & Legal, News Article
16:01 12.12.2024
nestlé partners with damm to produce and distribute nestea in spain
Nestlé has partnered with Damm to manufacture and distribute Nestea in Spain, Andorra, and Gibraltar starting in 2025. Damm will produce the full range of Nestea flavors at its Valencia factory, enhancing its product portfolio and supporting the brand's growth in the non-carbonated drinks segment. The first Nestea units will be available from January 1, 2025.
Food and Drink Technology
Nestlé S.A. AND ESP Jordi Llach
Finance & Economy, Press Release
10:12 12.12.2024
optimism in investment banking as european recovery prospects emerge
J.P. Morgan anticipates a rebound in Swiss IPOs and capital market transactions by 2025, despite a challenging 2024. The loss of Credit Suisse is expected to foster a more welcoming environment for foreign banks, while the DCM business remains robust, supporting major Swiss firms in raising funds abroad. Böttcher highlights the potential for recovery in the European economy, driven by the positive momentum seen in the US.
finews.ch
United States Dollar Swiss Franc Euro Hoffmann-La Roche AG ABB Ltd Novartis AG Glencore plc S Tempo Swiss Life AM Zurich, Agence générale Christian Meier SA Raiffeisen-Osteuropa-Rent Nestlé S.A. Lonza Group AG CHE USA Show more
Finance & Economy, Market Report
05:40 12.12.2024
swiss investment banking poised for recovery amid global economic optimism
J.P. Morgan's Swiss Investment Banking head, Reinout Böttcher, expresses cautious optimism for 2025, anticipating a revival in IPOs and capital market transactions following a challenging 2024. Despite subdued sentiment in Europe, he notes a well-filled M&A pipeline and strong performance in the DCM business, highlighting the resilience of Swiss companies in the global market.
finews.com
United States Dollar Swiss Franc Euro Hoffmann-La Roche AG ABB Ltd Novartis AG Glencore plc S Tempo Swiss Life AM Sunrise Realty Trust, Inc. Zurich, Agence générale Christian Meier SA Raiffeisen-Osteuropa-Rent Nestlé S.A. Lonza Group AG Liberty Global Ltd. Show more
Finance & Economy, Market Report
05:40 12.12.2024
Swiss Investment Banking Outlook Optimistic Amidst Challenges and Market Changes
Reinout Böttcher, Head of Swiss Investment Banking at J.P. Morgan, expresses cautious optimism for 2025, anticipating a recovery in IPOs and M&A activity despite a challenging 2024. While the loss of Credit Suisse has a modest direct impact, it may lead to increased openness towards foreign banks among Swiss companies. Böttcher highlights a vibrant DCM business and a well-filled M&A pipeline, indicating potential growth opportunities ahead.
finews.ch
United States Dollar Euro Swiss Franc Lonza Group AG ABB Ltd Hoffmann-La Roche AG Novartis AG Raiffeisen-Osteuropa-Rent Zurich, Agence générale Christian Meier SA Nestlé S.A. S Tempo Swiss Life AM Glencore plc USA CHE Show more
TradFi, Market Report
05:40 12.12.2024
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