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Buying baby food in Maharashtra? Tukaram Mundhe-led FDA bans ads, freebies and influencer promotions
30 Sept 2026 · Business Today Mkts
The directive, issued by Commissioner of Food Safety Tukaram Mundhe, came into force immediately, and violations can attract prosecution with fines of up to ₹10 lakh.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.