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
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
Among the Sensex firms, Power Grid, NTPC, Tata Steel, Tata Consultancy Services, JSW Steel, Wipro, Infosys, Tech Mahindra, Reliance Industries and Bajaj Finance were the major gainers. Axis Bank, HDFC Bank, Hindustan Unilever, Larsen & Toubro and ITC were among the laggards.
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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.
ITC Limited could take its IT business -- ITC Infotech -- public, its Chairman Y C Deveshwar said on Friday.
The product portfolio includes milk powder, long-life packaged milk, fortified milk, etc.
While Tata Consultancy Services, HUL, ITC and Infosys saw a rise in their market capitalisation (m-cap) for the week ended Friday, RIL, HDFC Bank, HDFC, Maruti Suzuki India, SBI and Kotak Mahindra Bank suffered losses.
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.
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.
Finalises blueprint to become pan-Indian dairy player; to set up plants in 6 states.
Forty years on, ironically, the managerial attention to new businesses has meant almost 40 per cent of revenues now come from the non-tobacco business.
Competitors in the health and hygiene soap segment include Lifebuoy, Dettol and Santoor.
FMCG major ITC again became the BSE benchmark Sensex's most influential stock on Monday, pushing energy giant Reliance Industries to the second place.
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
As per BSE website, Infosys is now the top holding in 30-share S&P BSE Sensex, followed by ITC.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Stockists and dealers have been charging more since early March.
As a business, ITC Foods is younger than many other established players around, having begun operations only a decade ago.
Seeking to assuage pilot shortage concerns, Akasa Air's chief executive Vinay Dube on Friday said the carrier has sufficient pilots and flyers should not expect any flight cancellations. "We have plenty of pilots. We have given numbers like 700 in the past. "I don't think this is something from an Akasa perspective people need to worry about because we have got this plan in place where we have pilots not just for our current set of aircraft but we have got pilots for the foreseeable future in terms of growth," Dube told PTI at the sidelines of a CII event.
RDB, which has a plant capacity of producing over 20 billion cigarettes per annum, owns brands like Regent, Hero and No. 10, which are extremely popular in eastern India.
Given the expectations of growth in the packaged foods segment, the company seeks to become a Rs 1-trillion FMCG business by FY30.
India is far behind global competitors such as Vietnam, Taiwan, and Mexico in increasing electronics exports to the US by making the most of Washington's tariff action against China. In 2018, the US imposed a 25 per cent punitive duty on a range of Chinese electronics items. The trade duties led to a sharp fall in Chinese electronics exports to the US from $207 billion in 2018 to $140.2 billion in 2019, down 32 per cent, according to Indian Cellular and Electronics Association (ICEA) data, which has been analysed by ITC Trade Map.
The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent. The 30-share BSE Sensex rallied 941.12 points or 1.28 per cent to finish at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.
ITC buys two-thirds of tobacco from Andhra Pradesh and the remaining one-third from Karnataka for its cigarette manufacturing division
Billionaire Mukesh Ambani-promoted Reliance Industries Ltd (RIL) on Tuesday became the first listed company to hit the Rs 20 lakh crore market valuation mark. The market heavyweight's stock jumped 1.88 per cent to its record high of Rs 2,957.80 apiece on the BSE. It finally settled at Rs 2,928.95 per piece, up 0.90 per cent on the bourse.
ITC has stated its products have been found to be in compliance with all food safety regulations.
In variance with the general trend of Indian companies making forays abroad, private sector giant ITC has made it clear that its focus would be India and unveiled ambitious plans, including setting up of a Rs 500 crore (Rs 5 billion) paperboard plant
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Among major Sensex movers, ITC rose the most by 1.70 per cent, Wipro by 1.43 per cent, Tech Mahindra by 1.36 per cent and Nestle India by 1.27 per cent. Other gainers included HCL Tech, Asian Paints and Reliance. On the other hand, ICICI Bank, NTPC, UltraTech Cement and Tata Steel traded with a loss of up to 0.82 per cent.
Fresh meat and seafood delivery unicorn Licious is intensifying its talent acquisition endeavours as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months. Delightful Gourmet, Licious' parent company, has named 39-year-old Karishma Gupta as its new chief financial officer (CFO). Her appointment aligns with Licious' drive for profitable growth through an omnichannel strategy.
Late entrant ITC is making competition count in the Rs 29,000-crore (Rs 290 billion) personal care industry.
Leading conglomerate ITC will soon increase prices of cigarette brands like Classic and Gold Flake Kings by up to 15 per cent per pack.
Leading Indian companies-- ITC Ltd and Reliance Industries Ltd (RIL)-- have received top rating in Asia for their corporate social responsibility (CSR) initiatives, according to report by the Hong Kong-based brokerage and investment firm, CLSA.
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