Page 20 - Itc
All channels except wholesale higher than pre-Covid levels: ITC's B Sumant
In a Q&A, the firm's executive director dwells on the more long-lasting consumer trends, the recovery in distribution channels and emergence of a dual trend in demand
 "All channels except wholesale higher than pre-Covid levels: ITC's B Sumant")
CBIC asks GST officers to block ITC on the basis of evidence, not suspicion
The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence.'
 "CBIC asks GST officers to block ITC on the basis of evidence, not suspicion")
Weak cigarette volumes, margins in Q2 weigh on ITC, stock sheds 5.5%
Decision by the panel on tobacco tax remains the key trigger
 "Weak cigarette volumes, margins in Q2 weigh on ITC, stock sheds 5.5%")
Sensex tanks 1,159pts on broad-based sell-off; Nifty ends below 17,900
Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent
 "Sensex tanks 1,159pts on broad-based sell-off; Nifty ends below 17,900")
ITC dips 5% post Q2 results; stock corrects 15% from 52-week high
A stable taxation policy remains key to sustaining steady growth for cigarette recovery ahead, analysts said
 "ITC dips 5% post Q2 results; stock corrects 15% from 52-week high")
ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter
Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.
 "ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter")
ITC Q2 consolidated net profit rises 10.09% to Rs 3,763.73 crore
ITC Ltd on Wednesday reported a 10.09 per cent increase in its consolidated net profit to Rs 3,763.73 crore for the second quarter ended in September 2021
Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%
Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
 "Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%")
ITC Q2 preview: Analysts see 13% YoY revenue jump; high costs may hit PAT
On the bourses, the stock of the cigarette-to-hotels conglomerate rallied 16 per cent on the BSE during the quarter under review, as against around 13 per cent gain in the benchmark S&P BSE Sensex
 "ITC Q2 preview: Analysts see 13% YoY revenue jump; high costs may hit PAT")
O4S raises $6 mn in Series-A funding round led by Think Investments
The company has earlier raised a total of $3.5 million in different rounds of investments
 "O4S raises $6 mn in Series-A funding round led by Think Investments")
FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days
The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days
 "FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days")
ITC nears two-year high, up 11% in four days; can hit Rs 300, charts say
Analysts believe ITC's cigarettes business will fully recover amid aggressive vaccination drive and reduction in Covid-19 cases
Margin pressure may hit paper cos in near-term despite price hike: Analysts
The rally in paper stocks began early September when states eased Covid-19 related restrictions and announced re-opening of schools and offices
 "Margin pressure may hit paper cos in near-term despite price hike: Analysts")
India's agri exports can be doubled in 'medium term', says ITC Chairman
India accounts for only 2.5 per cent of the global agriculture exports, and there is an opportunity to double it in the medium term and improve the economics of the sector, ITC Chairman Sanjiv Puri
 "India's agri exports can be doubled in 'medium term', says ITC Chairman")
Top headlines: Vi will survive, says CEO; Zee shares surge after Sony deal
Business Standard brings you the top stories from today
 "Top headlines: Vi will survive, says CEO; Zee shares surge after Sony deal")
HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
 "HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks")
Consumer goods companies continue to lose out to other sectors on bourses
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
 "Consumer goods companies continue to lose out to other sectors on bourses")
Here's why CLSA is bullish on ITC; sees the stock Rs 265 levels in a year
Given the road ahead for the next few years, CLSA finds the stock valuations attractive at the current levels with a record-high PE discount to the FMCG average (57 per cent) and a 6 per cent dividend
 "Here's why CLSA is bullish on ITC; sees the stock Rs 265 levels in a year")
Puri's 'Next' strategy drives ITC into smart FMCG, hotels, agri innovation
ITC appears to be closing in on turning its FMCG, agriculture and hotel segments as main growth drivers, with chairman Sanjiv Puri shepherding the 'Next' strategy
 "Puri's 'Next' strategy drives ITC into smart FMCG, hotels, agri innovation")
ITC to invest $2 billion across segments in medium-term, says MD
Super app 'ITC-MAARS' among new growth areas; investment figure does not take into account inorganic opportunities