From the 30 Sensex pack, Hindustan Unilever fell by nearly 6 per cent after the FMCG major reported a 2.33 per cent decline in consolidated net profit at Rs 2,595 crore for the second quarter ended in September 2024 impacted by moderation in demand from the urban market.
The highest-ever goods and services tax (GST) evasion has been done by the online money gaming industry.
Diversified group ITC will sell its entire stake in US-based wholly owned subsidiary 'King Maker Marketing' for USD 24 million (about Rs 160 crore).
'We have waited for this moment for 13 years.'
Second-ranked L&T has been rated highest on leadership
After the initial struggle, ITC Foods is finally making its presence felt through its parent's distribution muscle.
Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the sixth consecutive session, the BSE Sensex tumbled 638.45 points or 0.78 per cent to settle at 81,050. During the day, it plummeted 962.39 points or 1.17 per cent to 80,726.06. The NSE Nifty slumped 218.85 points or 0.87 per cent to end at 24,795.75.
Diversified group ITC on Thursday surpassed Reliance Industries as the most influential stock on the Sensex, following a spurt in the stock price.
At the end of the day's trade, ITC commanded 10.01 per cent weight, while RIL had 9.07 per cent weight, followed by ICICI Bank which had 7.66 per cent weight in 30-share Sensex.
During the April-June quarter, Russell Credit picked up 1.1 per cent in the hospitality major, taking total stake to 13.98 per cent, while the promoters hold a 56.57 per cent.
The tobacco business was increasingly coming under prohibition by various regulations.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
A pick-up in low-cost cigarette consumption helped India's largest cigarette maker boost margins
... resulting in a Rs 2 trillion economic spinoff.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
The celebratory cake, a masterpiece by the Maurya chefs, boasted three tiers reflecting the team's jersey colours: Orange, blue, and white.
ITC Hotels and Tatas' Indian Hotels Company will invest strongly over the next few years to add properties in the segment, considered a booming one.
ITC Hotels proved the scepticsim over the hospitality industry wrong by recording an over 95% rise in profits in the fourth quarter of 2002-03.
Surya Kumar Yadav showcasing the celebratory spirit with some lively dhol dancing upon arrival.
Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.
ITC on Monday said it is conducting more tests on its products at accredited labs across India.
Price cuts post the November GST rate rationalisation helped improve volume growth for HUL, what pegged back sales for ITC is adverse social media rumours against Aashirvaad atta, its single-largest FMCG brand.
The long battle between ITC and its one-time trading partner, the Chitalias, has shifted to India. ITC has filed a suit in the Indian courts to recover assets it says the two brothers have in the country.
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.
Sachin Tendulkar on Friday embarked on a new partnership with ITC's food division to promote a new brand of health food in his name -- Sunfeast Sachin's Fit Kit.
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
India's tobacco majors ITC and Godfrey Phillips India (GPI) have stopped production of cigarettes in view of uncertainty over the sort of pictorial warnings that needed to be carried on tobacco products starting this month.
The outgoing chairman believed in building for the future; for his successor, the challenge will be to maintain the momentum, says Ishita Ayan Dutt.
Indian companies stole the show at the annual Pacific Area Writers Travel Association Awards at the ITB Berlin tourism fair in Berlin on Friday, with hospitality majors, ITC hotels, The Taj Group of Hotels and Kingfisher Airlines winning major honour
ITC, a competitor in fast moving consumer goods, is likely to extend its Vivel personal care range to deodarants and talcs.
ITC Limited could take its IT business -- ITC Infotech -- public, its Chairman Y C Deveshwar said on Friday.
ITC Infotech India Ltd, a wholly owned subsidiary of the Kolkata-based ITC Ltd, plans to hire 2,300 professionals to touch a staff of 3,000 by December 2004, a top company official said on Wednesday.
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In his clearest message yet on the controversy over the safety of ENDS, health minister Harsh Vardhan ruled out their acceptability in the light of research findings by experts which have held that they are no less unsafe than the 'real thing', said a government statement.
One of India's leading chain of hotels, ITC on Tuesday said it plans to open 25 hotels pan-India in next twelve to eighteen months under its flagship brand Fortune, a top company official said.
The product portfolio includes milk powder, long-life packaged milk, fortified milk, etc.
