Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Seven students were made international offers.
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.
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Sensex ended strong, Tata Steel, HUL climb higher.
Ashok Leyland's debt increased to Rs 5,500 crore as of June, from Rs 4,300 crore at the end of the March quarter, mainly due to higher working capital.
Financial shares were the top losers.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
The market breadth in BSE remains healthy with 1,829 shares advancing and 721 shares declining
The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.
MySmartPrice has been growing about 100 per cent a year and is profitable.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
The new executive director of Reliance Capital has big shoes to fill in every way.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The KYC parameters now include declaration of the gross annual income or net worth.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
The recovery was led by pharma majors led by Dr Reddy's Labs.
If it ain't love, it ain't entrepreneurship.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Sensex ends belowe 26,800 on domestic concerns.
A customer wanting to buy a car would have to wait a long time for delivery.
Chetan Bhagat turns entrepreneur by getting into the movie business with Half Girlfriend.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances