Page 26 - Itc

Tamil Nadu signs MoUs worth Rs 5,137 crore, to create over 6,000 jobs

The companies that signed MoUs include Adani Enterprises (Rs 2,300 crore), Visteon (Rs 500 crore) and Airflow Equipments (Rs 320 crore), among others

ITC gains 5% in two days on heavy volumes ahead of Q1 results on Friday

Analysts expect ITC's FMCG business to do well on the back of both foods and personal care segments.

Intermittent lockdowns in states disrupt FMCG firms' momentum, July output

FMCG players had started to re-establish their supply chains in May and gradually ramped up as markets reopened, which had created some momentum

Tamil Nadu govt clears projects worth Rs 2,500 cr, to create 4,000 jobs

According to sources, the proposed projects include Rs 500 crore from ITC for its proposed expansion in Coimbatore.

ITC, HDFC Bank, and 62 other stocks face stiff resistance at 200-DMA

The 200-DMA is acting as a major hurdle for major stocks like ACC Ltd, Adani Ports, and Asian Paints, among others

Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts

Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

ITC's better Q4 fails to fully convince the street; stock rises just 1%

While high hopes from non-cigarette FMCG, higher dividend payout and strong free cash flows are positive, multiple headwinds for key cigarette business

Market Ahead, June 26: All you need to know before the opening bell

The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today

War of words: ITC, Nestle redraw the battle lines after HC ruling

The Madras High Court rejects a petition by ITC and lets Maggi use the word magical in its branding. Will the ruling lead to a fresh war of words?

Market Ahead, June 22: Top factors that could guide markets this week

The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices

Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally

Top losers were ITC, HUL

After helping ITC cut costs, now e-Choupal model set for an upgrade

Depending on who and where, the e-Choupal model has resulted in higher farmer incomes, anywhere between 70 per cent and 300 per cent

ITC and Nestle can't claim monopoly over noodle brands: Madras HC

The order was issued in a dispute filed by ITC alleging that Nestle India has used the expression 'Magical Masala' for its instant noodles brand Maggi in 2013.

HUL, RB, ITC up the ante in home hygiene with new campaigns, products

Brands look to leverage the sharply rising consumer interest in external cleanliness, launch new campaigns and products

ITC advances 4%, hits over 3-month high; stock surges 30% in one month

The stock was up 4% at Rs 206 on the BSE, and was trading at its highest level since February 25, 2020

ITC partners with Amway to develop range of immunity boosting products

Launches fruit juices with clinically proven immunity boosters, which will be sold by Amway's micro-entrepreneurs for a while

ITC shares gain 5% as Co to acquire spices major Sunrise Foods for Rs 2K cr

The proposed acquisition is aligned with ITC's strategy to rapidly scale up its FMCG businesses in a profitable manner, the company said.

Why ITC's Sunrise Foods deal is positive but unlikely to push up valuation

While the deal offers distribution and sourcing synergies, pressure on dominant cigarette business remains

ITC set to acquire spice major Sunrise Foods for estimated Rs 2,000 crore

The share-purchase agreement was completed after lockdown was enforced and the final deal is likely to be signed soon