Haridwar-based Patanjali Ayurved, which was in the eye of a storm over false claims about ‘Coronil’, is now considering bidding for the title sponsorship of IPL 2020. The slot for the title sponsorship of the cash-rich cricketing event turned vacant after Chinese handset maker Vivo decided to withdraw its sponsorship this year. Sources said the...

The Madras High Court on Thursday imposed a cost of Rs 10 lakh on Patanjali Ayurved for ‘Coronil’—a drug which the company claimed cures COVID-19 only to make a U-turn later. Patanjali was fined for “chasing profits by exploiting the fear and panic among the general public by projecting a cure for coronavirus when actually...

After a week-long controversy and multiple twists, the AYUSH ministry on Wednesday allowed Patanjali Ayurved to sell ‘coronil’ provided that it is advertised as an immunity booster and not a coronavirus cure. Notably, Patanjali during the launch of the Ayurvedic formulation has promoted the drug as a corona cure. However, it had to backtrack and...

Under flak over the launch of a drug it claims be a cure for COVID-19, Yoga guru Ramdev’s Patanjali Ayurved on Thursday insisted that it broke no law. “There is no room for confusion,” the herbal products company said in a tweet. “The licence for the drug was obtained on the basis of the traditional...

Patanjali Ayurved never disclosed that its new medicine kit was for coronavirus when it applied for a license, an official in Uttarakhand said on Wednesday, indicating more trouble for the drugs claimed by Yoga guru Ramdev to cure the deadly virus. A licensing officer said the herbal products company sought a license for an “immunity...

Even as pharmaceutical giant Patanjali’s Ayurvedic drug, which they claim can treat Coronavirus within seven days, is under government scrutiny, MoS for the Union AYUSH Ministry, Shripad Naik, on Wednesday said “it is good that Baba Ramdev has given a new medicine to the country”. Naik also said that AYUSH Ministry will clear its stance...

Within hours of launch, Union government’s Ministry of AYUSH has asked Baba Ramdev’s Patanjali Ayurveda to stop all promotions of its claimed COVID-19 cure ‘Coronil’ till all the claims associated with the Ayurvedic formulation are verified by the government In a notification, AYUSH Ministry has asked Patanjali Ayurved Ltd to submit details of the medicine...

Ayurvedic products giant Patanjali on Tuesday launched a new drug, Coronil which, the company claimed, is an evidence-based medicine for the treatment of COVID-19, a pandemic caused by the novel coronavirus. Baba Ramdev, the yoga guru, unveiled the medicine at a press conference at Patanjali’s headquarters in Haridwar, Uttarakhand. Patanjali CEO Acharya Balkrishna had...

Yoga guru Baba Ramdev founded Patanjali Ayurveda has been found guilty of profiteering by the National Anti-Profiteering Authority (NAA). The company has been directed to pay Rs75.08 crore under the GST anti-profiteering provisions. While the GST rates were revised from 28% to 18% in 2017, the Haridwar-based FMCG company was found to be holding on...

Baba Ramdev’s Patanjali group products will now be sold at airports across the country.Patanjali Ayurved is set to expand its network of stores selling its packaged goods across India’s airports through its existing partnership with JHS Svendgaard Retail Ventures. To be sure, JHS Svendgaard already operates four Patanjali stores at airports in New Delhi, Chandigarh...