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Patanjali Ayurveda

Court slaps Patanjali with Rs 10 lakh fine for ‘Coronil’

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...

Patanjali launches ‘Coronil’ for treatment of COVID-19

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...

Baba Ramdev’s Patanjali Ayurveda fined Rs75 cr for ‘profiteering’

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...