Business As Usual, Itc Claims

We are managers of the company carrying on business as usual, said K Ramnath, who has recently taken over as chief executive of India Tobacco Division from Saurabh Mishra.

But field staff reported that the companys operations have suffered as some of the companys personnel have been remanded by the enforcement directorate for alleged violation of the Foreign Exchange Regulation Act.

ITCs official spokesperson said business was continuing as usual and there has been no rescheduling of meetings of the companys executives.