Brands
ITC names Anuj Bansal chief business officer of Yoga Bar
MUMBAI: ITC Limited has handed the reins of its fast-growing health foods play to a familiar face, appointing Anuj Bansal as chief business officer of Yoga Bar, the clean-label brand under Sprout Life Foods.
Bansal, a 17-year ITC veteran, takes charge at a time when Yoga Bar is looking to move from niche favourite to mainstream staple. Known for blending brand storytelling with business rigour, he now brings his playbook to a category driven as much by trust as by taste.
Announcing the move, Bansal struck a characteristically upbeat note. “I’m happy to share that I’m starting a new position as Chief Business Officer, Yoga Bar at ITC Limited Foods. Lot to learn and lot to create. Forty-one but feels like 21,” he said.
His appointment builds on a long and varied career within ITC’s foods business. Bansal currently serves as a member of the ITC Foods Executive Committee and has led some of the company’s most recognisable brands across biscuits, chocolates, confectionery and coffee. From shaping Sunfeast into a household name to driving growth across Candyman, Dark Fantasy and Bingo!, his journey spans marketing, sales, category development and supply chain roles.
With Yoga Bar, ITC is betting on both credibility and creativity. As consumers increasingly seek healthier options without sacrificing flavour, Bansal’s task will be to scale the brand while keeping its youthful, honest appeal intact.
For Bansal, it is a new chapter within a familiar organisation. For Yoga Bar, it could be the push that takes the brand from pantry shelves to everyday conversations.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
