Itc

ITC Hotels Q2 net profit rises 52% to ₹202.6 crore, revenue up 26%

ITC Hotels reported a 52% rise in Q2FY27 net profit to ₹203 crore, with revenue up 26% and RevPAR growing 21%, as its board approved plans to establish a subsidiary in Dubai.

Acquisitions now a significant growth lever, says ITC CMD Sanjiv Puri

Puri said ITC's broader portfolio strategy was based on scaling up the core and developing new growth engines for the future, which is being pursued through the organic and inorganic vectors

GSTN adds two e-invoicing categories for reverse charge purchases

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

GST Council allows employers to claim ITC on group insurance coverage

The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs

GQG Partners entities sell 2.91% stake in ITC for ₹9,395 cr in block deal

GQG Partners entities sold 36.5 crore ITC shares worth ₹9,395.4 crore in a block deal on the BSE, with mutual funds among the buyers, as the stock fell 4.03% on Thursday

ITC jumps 5% as Citi upgrades rating, target. What prompted bullish view?

Citi upgraded ITC stock to 'BUY' from 'SELL' despite near-term headwinds as it finds the risk-reward favourable.

After every difficulty, we emerged much stronger: ITC's Sanjiv Puri

In an interview at the company's headquarters in Kolkata, Chairman and Managing Director Sanjiv Puri speaks to Ishita Ayan Dutt about how liberalisation transformed the competitive landscape

ITC expands dairy business in East India, bets on value-added products

ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate, which entered the fresh dairy business in 2018 with the launch of Aashirvaad milk in Bihar and later expanded to West Bengal and Jharkhand, has emerged as the second-largest dairy player in Bihar with a lineup ranging from fresh milk to curd, paneer, lassi and Mishti Doi. As part of its expansion strategy, ITC has tailored its dairy portfolio to regional tastes, local consumption patterns and evolving consumer preference for quality-assured dairy products. When asked about expansion to other regions, Hemant Malik, Chief Executive Officer, Foods Division, and Executive Director, ITC, said Eastern India will remain a key focus market for the company's dairy expansion plans, which offers significant headroom for expansion. "East

$1 bn size puts ITC Infotech on accelerated growth path: Sanjiv Puri

ITC Chairman & MD Sanjiv Puri and ITC Infotech MD and CEO Manas Chakraborty talks about the rationale and synergies behind the acquisition of Happiest Minds

ITC rallies 5%; Happiest Minds Technologies slips 5%; here's why

ITC Infotech will acquire an aggregate minority stake of 22.1% in Happiest Minds from the Promoter and Promoter entities for a total consideration of ₹1,330 crore (average price of ₹395/share).

ITC Infotech, Happiest Minds Technologies to merge in ₹1,330 crore deal

ITC will hold about 73.4 per cent in the merged company, which will have over 19,000 employees, serve 800 customers and target $1 billion in annual revenue by FY28

GST Council to meet on September 12, may ease blocked ITC, refund norms

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC

Delhi HC asks FSSAI not to cancel ITC licence over '100%' atta claims

Court passes interim order after ITC challenges improvement notice over "100% Atta", "100% Madhya Pradesh Wheat" and "0% Maida" claims on Aashirvaad packaging

Delhi HC asks FSSAI not to cancel ITC's licence over '100%' claims

The Delhi High Court on Tuesday asked the FSSAI not to cancel for the time being ITC Ltd's licence over failure to comply with directives asking the conglomerate to remove all "100 per cent" claims in relation to its product, 'Aashirvaad M.P Chakki Atta'. Justice Swarana Kanta Sharma granted interim protection to ITC on its petition challenging the FSSAI advisories and notices to discontinue the usage of the term "100%" for its product or face suspension of FSSAI License. "Since the issue regarding jurisdiction is to be decided and the courts will be closed, till the next date of hearing, no decision regarding cancellation of the license will be taken," Justice Sharma said as it listed the case for hearing on September 9. Justice Sharma also said that she would pass an order on Monday, August 31, on the maintainability of a separate petition by AWL Agri Business Limited against FSSAI. AWL Agri Business Limited received FSSAI notices over allegedly misleading label declarations and

Industry seeks input tax credit relief for data centres, GCCs, other biz

Industry seeks wider GST input tax credit on construction and employee-related expenses, arguing that the current restrictions raise business costs and hurt competitiveness

ITC completes Century Pulp acquisition, expands paper business scale

The ₹3,500-crore acquisition makes ITC India's largest integrated paperboards and paper company, raising capacity by over 50% to around 1.5 million tonnes

Increased tax on cigarettes pulls down ITC's Q1FY27 profit by 16.2%

Steep tax changes hit the cigarettes business, while the FMCG segment posted double-digit growth despite inflationary pressures arising from the West Asia conflict

ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike

India's ITC reported ​a 27% fall ​in quarterly profit ‌on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed ‌on demand for pricier brands

Q1 results: Maruti Suzuki, ITC, Indian Oil, ABB India, 107 more on July 31

Q1FY27 company results: Firms including Bajaj Finserv, Aditya Birla Capital, GAIL (India), Shree Cement, Dixon Technologies, and Sun Pharmaceutical are also to release their April-June earnings today

ITC re-architecting cigarette portfolio after tax hike: CMD Sanjiv Puri

The ITC chief said the company is pursuing calibrated pricing and portfolio innovation to curb illicit trade while continuing investments to diversify beyond cigarettes