All that happened in the markets today
During the period under review, ITC's stock surged dipped 27.7 per cent as compared to a 9 per cent fall in the NIfty FMCG index.
B Sumant, executive director, ITC, tells that the company has always been 'vocal for local'
Unibic India's chief executive officer (CEO) Srini Vudayagiri attributes the surge in growth rate in April-May to pantry loading as well as increase in in-home consumption
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
Here are the top 10 headlines on Tuesday morning
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
The Union Health Ministry on Monday notified a new set of enhanced health warning to be printed on packets of all tobacco products
Firm's acquisition of Kolkata-based Sunrise Foods is a step forward in its bid to strengthen spice business
A 55-ml pack of ITC's Savlon, on the other hand, will now be available for Rs 27 versus Rs 77 earlier
Higher dividend payout addresses key concern of lower return on capital employed
Locations, where ITC has asked its employees to work from home, include regions which are the worst affected by the coronavirus outbreak
An ITC spokesperson, too, said the company was relying on innovative products across different price points to maintain its market dominance
Here is what happening this morning: ITC has raised the prices of its cigarette brands and there is confusion how the Budget will tax remittances.
Shares of ITC have underperformed the market by falling over 8.5 per cent during October-December period against 6 per cent rise in the Nifty.
ITC will be the third major organised player in the frozen food segment after McCain, which is mainly in the vegetarian segment and Venky's, which is in non-vegetarian
The product will be available on a made-to-order basis starting tomorrow
In April, the board of debt-ridden Hotel Leela had floated an ordinary resolution for sale of its assets to Canadian investment firm Brookfield for Rs 3,950 crore
Down-trading by customers and overall slowdown are near-term challenges for the cigarettes leader
The notice sent to shareholders says the revision is based on the necessity to be competitive and performance-driven