As on March 31, 2019, while the promoter group's stake, including individual promoter shareholders as well as group investment firms, stood at 42.71 per cent, it fell to 38.39 per cent on Tuesday.
The desecration of Vidyasagar's statue during Amit Anilchandra Shah's rally, which the TMC projected to be a 'Bhojpuri' and 'Dhokla' invasion on West Bengal's culture, may help her gain some favour with middle-class and erudite Bengalis in the last phase of the polls.
During his time as executive chairman, the company's net revenues grew 17-fold to Rs 42,777 crore and profit after tax nearly 40 times to Rs 10,289 crore. Total shareholder returns grew at a compounded annual rate of around 20%. Besides numbers, his biggest achievement was to transform ITC from a cigarette company to a diversified enterprise.
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
With a substantially weakened Left Front and the Congress, political observers say the anti-Trinamool vote will go to the BJP.
Over the past year, McLeod sold 21 gardens in India, reducing almost 32 million kg in production.
'A loss of seats for the Trinamool in this election will weaken its hold in Bengal, which will not augur well before the assembly election in 2021.'
The rival promoter group and the entire block of public institutions voted against Basant Jhawar.
The once ailing Saregama is getting its mojo back. Bolstered by Carvaan, a portable digital audio player that turned out to be a disruptor, the company has chalked out an aggressive growth path. In an interview with Avishek Rakshit and Ishita Ayan Dutt, Sanjiv Goenka, bottom, chairman of RP-Sanjiv Goenka Group, talks about a road map, which includes taking Carvaan to the next level, launching more films on OTT platforms and getting back into Hindi film music production after a decade.
Exporters are of the view that while direct exports to Pakistan will be nearly nil this month, and in the coming few months, alternative markets can be explored for exporting tea, which was originally meant for Pakistan.
The quality of Indian tea had lately come under scrutiny in major export markets, due to the presence of pesticides and chemicals beyond permissible limits.
Chai Sahay, an artificial intelligence-based mobile app, will be primarily used to issue advisory, disseminate information related to various schemes of the board for the sector as well as provide real-time weather updates, says Avishek Rakshit.
The company has already put in place this digital register in Jaipur in Rajasthan and pilot projects are running in Haryana and Telangana
'We are certainly open to inorganic opportunities to grow.'
One of the oldest living brands in the country, Horlicks has been innovative in its approach, which helped it survive intense competition
'She was the unanimous choice of the search-cum-selection committee.'
ITC will also launch paneer shortly and is also working on cheese and Tetra Pak milk
Hawkers, who have been doing business on the pavements in front of the plush hotel for decades, have wormed their way to occupy up to three-fourth of the area, making it a fire hazard.
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