Itc
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ITC posts Q4 net profit of Rs 3,817 crore; revenue at Rs 15,404 crore
Business | Jun 02, 2021, 08:33 AM ISTITC Ltd has reported a consolidated net profit of Rs 3,816. 84 crore for the fourth quarter ended March 2021.
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ITC has exited a painful decade, FMCG business to show improvement in profitability: Morgan Stanley
Business | Mar 22, 2021, 11:51 AM ISTITC's focus on increasing confidence in the FMCG turnaround will be another important catalyst for stock outperformance over the medium term.
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Demerger report 'speculative in nature': ITC
Business | Mar 18, 2021, 12:18 PM ISTAfter ITC Demerger, there would emerge as many as three companies namely hotels, FMCG and infotech.
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ITC board recommends interim dividend of Rs 5 per share; Q3 net profit at Rs 3,587 crore
Business | Feb 12, 2021, 10:31 AM ISTITC board has recommended an interim dividend of Rs 5 per share for FY 2020-21.
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ITC to merge 3 subsidiaries-Sunrise Foods, Hobbits International Foods & Sunrise Sheet- with itself
Business | Aug 28, 2020, 10:18 PM ISTDiversified business entity ITC on Friday said it is considering merger of its three wholly-owned subsidiaries - Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah - with itself.
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Sensex rallies 558 points amid heavy buying in auto, metal and IT stocks
News | Jul 28, 2020, 11:09 PM ISTEquity benchmark indices extended early gains on Tuesday amid heavy buying in auto, metal and IT shares during the afternoon trading.
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Nestle's use of Magic Masala for Maggi fine, 'no monopoly' on expression, rules Madras High Court
Business | Jun 19, 2020, 02:45 PM ISTThe Madras High Court has made it clear that laudatory expressions like 'Magic Masala' and 'Magical Masala' cannot be monopolised and use of similar expressions would not amount to passing off under the Trademark Act.
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ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd
Business | May 25, 2020, 09:01 AM ISTITC Ltd has entered into a share purchase agreement (SPA) to acquire 100 per cent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices.
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Now smoking will cost you more! ITC hikes cigarette prices by 10-20% post budget announcement
Business | Jan 25, 2021, 01:19 PM ISTMarket leader ITC increased cigarette prices by 10-20 per cent across some of its brands in all of its markets, following the hike in the National Calamity Contingency Duty (NCCD) announced in the Union Budget this year.
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Calamity duty levied on cigarettes a negative for ITC, Godfrey Phillips
Business | Feb 02, 2020, 10:54 PM ISTThe Union Budget for 2020-21 has levied a national calamity contingent duty (NCCD) on cigarettes and tobacco products which is negative for companies like ITC and Godfrey Phillips, according to Reliance Securities.
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ITC Chairman Y C Deveshwar passes away at 72
Business | May 11, 2019, 01:03 PM ISTDeveshwar (72), who stepped down from the executive role as chairman and CEO in 2017 but remained as a non-executive chairman, breathed his last at a private hospital in Gurugram.
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Eight of top 10 companies add Rs 53,741 cr in m-cap
Business | Feb 10, 2019, 11:30 AM ISTThe market cap of Tata Consultancy Services (TCS) zoomed Rs 12,007.64 crore to Rs 7,74,023.16 crore and that of HDFC Bank advanced by Rs 8,569.51 crore to Rs 5,77,598.58 crore.
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ITC share price tanks 15 pc on higher cess on cigarettes; Sensex sheds 250 pts
Jul 18, 2017, 12:02 PM ISTShares of ITC fell sharply, losing over 15 per cent, following the GST Council's decision to hike the compensation cess on cigarettes
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ITC COO Sanjiv Puri set to replace YC Deveshwar as its CEO
Jan 25, 2017, 09:03 AM ISTCountry’s biggest cigarette maker ITC Ltd has named COO Sanjiv Puri its Chief Executive Officer (CEO) with effect February 5, when chairman YC Deveshwar will move to a non-executive role.
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ITC chief Y C Deveshwar to step down in February 2017
Jun 22, 2016, 01:01 PM ISTNew Delhi: In a move that puts to rest speculation over the retirement of one of India's longest-serving company bosses, ITC chairman Y C Deveshwar will step aside from his executive role, the company said
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With larger health warnings, ITC resumes cigarette production; stocks surge 2.4 pc
May 09, 2016, 06:58 PM ISTIndia’s biggest cigarette manufacturer, the ITC Ltd. today said it had resumed production at its plants with larger pictoral health warnings as mandated by the new rules of the government.
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ITC, other tobacco firms to restart cigarette production in phases
May 09, 2016, 09:03 AM ISTNew Delhi: Diversified group ITC on Sunday said there is “progressive resumption” of production at its cigarette factories, which was suspended from May 4 over the large pictorial warning issue. “The cigarette factories are commenci
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ITC shuts down cigarette factories, seeks time to comply with govt’s requirements
May 05, 2016, 09:35 PM ISTNew Delhi: In an extreme step in its confrontation with the government regarding the new rules regarding bigger pictorial warnings on cigarette packs, the country’s leading cigarette maker ITC has shut its plants from May
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Patanjali effect: Competitors taste success, courtesy Baba Ramdev’s lessons on ghee
Apr 19, 2016, 07:18 PM ISTNew Delhi: The entry of Patanjali Ayurveda into the Fast Moving Consumer Goods (FMCG) segment had once threatened existing players in the respective categories, all thanks to the trust of consumers in Ayurveda and its
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ITC refuses to print larger warnings; Centre hardens stand on policy
Apr 02, 2016, 08:03 PM ISTNew Delhi: FMCG major ITC today said it is not ready to print larger pictorial warnings on its cigarette packs, as required under a new government norm, and its factories will be shut till clarity