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Despite its FMCG push, for D-Street ITC is still a tobacco play

The diversification bug had bi­tten ITC several decades ago as it moved to de-risk a business m­o­­del focused on tobacco. Ishita Ayan Dutt traces the developments. Photograph:......

Sell rating on Jhunjhunwala-backed Nazara sees stock tank

Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. Shares of Nazara Technologies tanked 12 per cent to Rs......

High Covid toll sounds death knell for cement industry

Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard. Photograph: Rupak De Chowdhuri/Reuters With the increased death rate in the ongoing second wave......

Is Darjeeling Tea Losing its Fizz?

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea. IMAGE: A worker......

OYO to raise $600 mn from US institutional investors

Hospitality firm OYO is looking to raise $600 million (over Rs 4,380 crore) in debt from the US institutional investors to service its existing loans, sources in know of the matter said on......

English county club Lancashire targets India for growth

'We want to make Lancashire Cricket the second favourite team for all Indian fans.' IMAGE: CEO Daniel Gidney wants to make Lancashire County Cricket Club the second favourite team for all Indian......

How much has Mourinho's departure cost Manchester United

Revenue for the three months ended December 31 was 208.6 million pounds, compared with 177.4 million pounds a year earlier. IMAGE: Jose Mourinho departed in December following a run of dismal......

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