His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
Even though ITC does not have a retirement age, Deveshwar's extension has been the subject of discussion since his five-year term was close to ending.
We can be cash positive in no time, the day we decide to slow down investments
In yet another sign of rising Indian dominance in the global business arena, eight corporate bigwigs from the country have made it to the list of the world's 100 best CEOs.
Industrial output growth rate remained flat in April.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
Top industrialists including Sunil Mittal, chairman, Bharti Airtel on Thursday called on Home Minister P Chidambaram.
The business conglomerate, with interests spanning across tobacco to FMCG segments, has sought shareholders' approval for the reappointment of Yogesh Chander Deveshwar, 64, as its wholetime director and chairman with effect from February 5, 2012.
Exporters, facing slump in demand in the major markets of the US and EU, are expecting incentives in the foreign trade policy, to be unveiled in the second half of the month. The FTP broadly spells out the segments of priority in external trade and also gives incentives and disincentives, depending on the country's needs.
Launched in 2000 with six installations, the number of e-choupals grew to 6,500 in 2007, and at one point of time, ITC was opening six such choupals a day.
ITC Limited could take its IT business -- ITC Infotech -- public, its Chairman Y C Deveshwar said on Friday.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
An alumnus of IIM Calcutta, he is the first ex-student of any IIM to be appointed to this position.
The India Economic Summit which would deliberate on ways to enhance India's competitiveness and present the country's perspective to the business world, would begin in New Delhi from November 27-29
The Indian Institute of Management-Calcutta on Tuesday accepted the drastic fee cut proposed by the government.
With a view to further strengthen Indo-British trade linkages, CII is taking a CEO's mission to the UK from June 19-22.
Apex industry chamber CII on Tuesday said it was opposed to any mandatory provision for reserving jobs for weaker sections in the private sector and termed the presence of Left parties, a major constituent of the UPA government at the Centre, a "majo
Buoyed by the upward revisions in growth projections for the economy, the captains of Indian industry called for strongly marketing the 'Brand India' while exuding confidence in the country's emergence as a major economic power in near future.
As part of its major expansion plans, ITC Ltd will build three new super deluxe luxury hotels in Chennai, Bangalore and Hyderabad at a cost of Rs 1,000 crore (Rs 10 billion).
The Indian Institute of Management, Calcutta, on Friday decided to revert to its old fee structure of Rs 125,000 per annum, but also resolved to offer "need-based scholarships" to students from families with a weak financial position.
The agribusiness division revenues in Q1 was Rs 1,418 crore and the profit before tax for the segment was Rs 54 crore, against a revenue of Rs 1,111 crore and PBT of Rs 47 crore in Q1 of the last financial year.
ITC has stated its products have been found to be in compliance with all food safety regulations.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
The tobacco business was increasingly coming under prohibition by various regulations.
If capital flight took place in the country in the direction of some other countries and then imports took place for consumption here, then it would be worse for the Indian economy, the noted industrialist said.
The "additional remuneration" includes monthly pay of Rs 1 crore, rent free furnished accommodation, medical expenses for him and spouse along with use of chauffeur driven company car for personal use and coverage under personal accident insurance. He will also be entitled to commission between Rs 30-60 lakh as sitting fees for attending meetings of board and committees of the company for each financial year.
As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore.
ITC buys two-thirds of tobacco from Andhra Pradesh and the remaining one-third from Karnataka for its cigarette manufacturing division
In 1996 there was opposition from a section of the shareholders when the company wanted to diversify.
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The Tata Group says it is bullish on investment in India.
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