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Budget blues: ITC loses Rs 40,428 cr in market value on punitive tax

Analysts suggest making separate firms of tobacco, hotels and FMCG divisions Making it one of the biggest losers post Budget, tobacco-to-hotel major, ITC has lost 13 per cent of its market value or......

'FMCG: Implement Direct Tax Code and pave way for GST'

Outlook: Neutral Current StatusThe fast moving consumer goods market grew in double digit in Q3 FY12 however growth was slightly lower compared to Q2. Despite a dull macro-economic environment......

Companies gear up to face GST impact

A leading FMCG company has 23 warehouses across the country. It may not need more than five once the Goods and Services Tax, or GST, kicks in. It has begun consolidating its warehouses and has......

FMCG: Gets a few indirect benefits

The thrust on agriculture, removal of Fringe Benefit Tax etc should help improve the earnings of the FMCG sector. Budget ProvisionsIncrease in agriculture credit flow to Rs 325,000 crore.Allocation......

Non-cigarette revenue boost for ITC

FMCG, paper and hotels major ITC Ltd today reported a 20 per cent rise in profit after tax at Rs 783 crore in the first quarter ending June 30, 2007, on the back of 16 per cent rise in sales at Rs......
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Markets post second week gains spurred by GST hopes

Mumbai : Shrugging-off global volatility, the truncated week saw the benchmark Sensex extending its rally for the second straight week to log the... ...
Sensex extends rally, gains 259 points on GST hopes

During the week under review, Sensex gained 259.71 points to 26,128.20 on November 27, while Nifty gained 86.15 points at 7,942.70. (Express photo... ...
Selling Celebrations

With the trend now moving towards guests looking for more memorable experiences rather than pure price incentives, hotels are now focusing on... ...

Reforms like GST and further rate cuts by the Reserve Bank next year will drive the market in upward direction, says Varun Goel of Motilal Oswal.... ...
Benchmarks magnify gains in late morning deals; Nifty regains 7,900 mark

SENSEX 25989.89 31.26 0.12% NIFTY 7904.65 20.85 0.26% Extending their initial gains, Indian equity benchmarks are trading... ...

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