Page 5 - Itc Ltd

ITC shareholders clear hotel business demerger with 99.6% majority

The majority of the shareholders who participated at the NCLT-convened meeting on Thursday spoke in favour of the resolution

From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here

At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels

ITC Q4 results: Net profit down 1.06% to Rs 5,121 cr, revenue increases

The heavy-lifting cigarettes segment clocked a 7.5 per cent Y-o-Y growth in revenue at Rs 8,688.92 crore in Q4 FY24

India growing when world is in stress: CII president-designate Sanjiv Puri

Sanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress. Speaking at an event here on Friday night, Puri, also the chairman and managing director of ITC Limited, said that the present juncture is an interesting moment. "CII has a rich legacy built over decades. We will certainly be looking forward to contributing to the growth of the economy and industry", Puri said. He said "This is also an interesting moment because this is India's moment. There has been numerous policy interventions made internally, and the global factors which give us the tailwinds. The country is growing at a time when the world is at stress." Puri said that there are lots of opportunities in India which has a huge talent pool. "The world is looking at us so far as supply chain and digital transformation are concerned. India also has the advantage of the demographic dividend", he added. He said big opportunities lay both in ..

No plans to sell SUUTI stake in FMCG player ITC, says Dipam Secretary

The government has no plans to sell its part stake in ITC, held through SUUTI, amid BAT paring its stake through a block deal in the Kolkata-based FMCG player, a top official said on Wednesday. As on December 31, 2023, Specified Undertaking of Unit Trust of India (SUUTI) held around 7.82 per cent stake in the diversified conglomerate ITC. "There is no such plan at the moment," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. SUUTI last pared a stake in ITC in February 2017, when two per cent equity was sold at a price of Rs 291.95 per share via block deal. In a block deal, two parties make a transaction involving shares worth at least Rs 5 crore. Block deal transactions are conducted in a separate trading window. British multinational BAT Plc on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block trade. Following this, the shareholding of BAT will come down to 25.5

Stocks to Watch, March 13: ITC, JG Chem, Signatureglobal, Vedanta, HG Infra

Stocks to Watch on Wednesday, March 13, 2024: British American Tobacco (BAT) may sell up to 3.5 per cent stake in ITC by way of block deals on Wednesday

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

British firm will use the proceeds of block trades to buy back own shares

ITC slumps to 8-month low; slips 2% as BAT may sell partial stake this week

According to a Bloomberg report, London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Profit booking in RIL weighs on indices; Sensex ends 802 points lower

Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline

From IRCTC to ITC, stocks that may benefit from Ram Temple opening

Several popular religious destinations, according to Jefferies, attract annual tourist traffic of 10-30 million despite the existing infrastructural bottlenecks

ITC Ltd director David Robert Simpson resigns, effective January 30

ITC Ltd on Tuesday said its Non-Executive Director David Robert Simpson has resigned due to personal reasons. His resignation will be effective from January 30, the Kolkata-headquartered company said in a regulatory filing. Simpson was on ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc. "David Robert Simpson, Non-Executive Director, has tendered his resignation from the Board of Directors of the company with effect from 30th January, 2024, due to personal reasons," ITC said. He was appointed on ITC board as a Non-Executive Director with effect from January 27, 2017. As of September 2023, Tobacco Manufacturers (India) held 23.88 per cent stake in ITC.

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

'Biki' Oberoi: Hotelier extraordinaire

To convert these concepts into practice, Biki introduced a 'transformation programme' into the existing hotels in the Group

HUL to cut prices of soaps, detergents to keep local competition in check

Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits

ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data

82% young Indians say parents would be supportive in mental therapy: Study

The survey also said that parents play a vital role in a family to discuss and fight mental health issues

Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart

HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.

I do not think it is time for investors to be fearful: First Global's Mehra

The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra

ITC's Puri hopes food export bans are short-lived once supply stabilises

The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation