Baba Ramdev

With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 per cent. Stock exchanges NSE and BSE have frozen the shares of promoters of Baba Ramdev-led Patanjali Group firm Patanjali Foods, which is a major edible oil player. In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact. "There is no reason for the investors to worry," he said. According to Ramdev, promoters' shares are already under lock-in as per Sebi guidelines till April 8, 2023, which is one year from the date of listing, and the latest move by stock exchanges do not appear to have a negative impact on the functioning of PFL. He further said that PFL

Company backed by yoga guru Baba Ramdev failed to meet Sebi's public shareholding rule within deadline

Corporates use 99 per cent of their time on self-interest, while the time of a seer is for the good of all, Yoga guru Ramdev said here on Sunday. He also said the three days he was here was more valuable than the time of billionaire industrialists like Ambani and Adani. Ramdev was addressing a function organised to felicitate his aide Acharya Balkrishna in the presence of Chief Minister Pramod Sawant and Union Minister Shripad Naik. "I have come here for three days from Haridwar. The value of my time is more than that of Adani, Ambani, Tata, Birla. Corporates spend 99 per cent of their time in self interest, whereas a seer's time is for common good," he claimed. He hailed Balkrishna for reviving Patanjali from a sick company to a firm with a turnover of Rs 40,000 crore this financial year due to his professional governance, transparent management and accountability. The dream of making India 'param vaibhavshali' can be achieved by creating empires like Patanjali.

Baba Ramdev on Friday said the Patanjali Group is working on finding solutions for Lumpy Skin Disease (LSD) that has caused death of around 1 lakh cows. Ramdev suggested that the government should create awareness about the disease, which he alleged that might have "come from Pakistan". He said the government should also investigate how the disease entered the country and spread across many states. "We are working on Lumpy Skin Disease virus," Ramdev told reporters here. He said around one lakh cows have died because of this disease. Ramdev said the disease also affected many cows in his shelter house at Haridwar but not even a single cow died. "We treated cows with ayurvedic medicines like Giloy. Cows having better immunity were not infected with this disease," he said. The LSD has spread in more than a dozen states, including Gujarat, Rajasthan, Punjab and Haryana. The disease has affected 16.42 lakh cattle in 197 districts and has killed 75,000 cattle between July and Septem

The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer

The Supreme Court Tuesday came down heavily on Yoga Guru Ramdev for criticising allopathy and allopathic practitioners, saying he needed to be restrained from abusing the doctors and other systems of treatment. The top court also sought responses from the Union Health Ministry and Ministry of Ayush and Patanjali Ayurved Ltd on a plea of the Indian Medical Association (IMA) alleging a smear campaign against the vaccination drive and modern medicines. What happened to this Guru Swami Ramdev Baba?... Ultimately we respect him as he popularised Yoga. We all go for this. But, he should not criticise the other system. What is the guarantee that Ayurveda whatever system he is following will work? You see the type of advertisements accusing all the doctors as if they are killers or something. Huge advertisements (have been given), a bench headed by Chief Justice N V Ramana said. The bench, also comprising justices Hima Kohli and C T Ravikumar, said that the Yog Guru cannot abuse the doctors

The Supreme Court on Tuesday pulled up Baba Ramdev in connection with advertisements attempting to discredit allopathy and its practicing doctors amid the Covid-19 pandemic

Yoga guru Ramdev Thursday questioned the efficacy of allopathy against COVID-19 once again saying vaccination alone is not enough to protect people from the virus

Borrowing the term crux from mountaineering, Dr Rumelt argues that it represents the most critical challenge to the desired progress

Ramdev said that the company on Thursday launched the Follow on Public Offer (FPO) of Ruchi Soya Industries to raise Rs 4,300 crore

Edible oil and food products major Ruchi Soya Industries, which will launch its Rs 4,300-crore follow-on public offer in the next few days, intends to reduce its edible oil imports in 5 to 7 years

At the upper end, Patanjali, which now owns 98.9 per cent of the company, will dilute around 19 per cent and 18 per cent at the lower end of the price band

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurved, will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 cr.

In a viral video, Ramdev is seen asking his followers to buy shares of Ruchi Soya Industries if they want to become crorepatis

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has received capital markets regulator Sebi's go-ahead to raise Rs 4,300 crore through a follow-on public offer (FPO). The FPO is being launched to meet the Sebi norm of minimum public shareholding of 25 per cent in a listed entity. The company, which filed the draft papers with Sebi in June, obtained its observations on August 14, an update with the regulator showed on Tuesday. Going by the draft papers, the entire issue proceeds will be used for furthering the company's business by repayment of certain outstanding loans and meeting its incremental working capital requirements and other general corporate purposes. SBI Capital Markets Ltd, Axis Capital Ltd, and ICICI Securities Ltd are the lead managers to the issue. In 2019, Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process for Rs 4,350 crore. The promoters currently have nearly 99 per cent stake and

The Delhi High Court will hear on Monday a plea by seven doctors' associations against Yoga guru Ramdev for allegedly spreading misinformation by his statements against allopathy amid the ongoing COVID-19 pandemic. The matter will be heard by Justice C Hari Shankar who had earlier asked the counsel for the associations to place on record the videos pertaining to the alleged misinformation. The associations before court are three Resident Doctors' Association of the All India Institute of Medical Sciences at Rishikesh, Patna and Bhubaneshwar, Association of Resident Doctors, Post Graduate Institute of Medical Education & Research, Chandigarh, Union of Resident Doctors of Punjab (URDP); Resident Doctors' Association, Lala Lajpat Rai Memorial Medical College, Meerut and Telangana Junior Doctors' Association, Hyderabad. They alleged that Ramdev was misleading and misrepresenting to the public at large that allopathy was responsible for the deaths of several people infected by ...

Group aims to make its companies debt-free in 3-4 yrs

Patanjali Group said it has achieved a turnover of around Rs 30,000 crore in the fiscal 2020-21

The Supreme Court on Monday stepped-in as counsels for yoga guru Ramdev and doctors' body had heated argument

Supreme Court posted for next week the hearing on Yoga guru Ramdev's plea against the registration of multiple FIRs against him in various states over his alleged remarks on the efficacy of allopathy