Page 7 - Itc

ITC inks pact with Narne Hotels and Resorts to open Welcomhotel in Coorg

ITC Hotels on Monday said it has signed a management agreement with Narne Hotels and Resorts to open a 150-key property under Welcomhotel brand at Madikeri hill town in Coorg, Karnataka. "Madikeri is an important market for us. Over recent years, this region has grown in popularity and we saw a niche space for leisure travel. Through Welcomhotel Madikeri we bring the signature hospitality of ITC Hotels to this beautiful city," ITC Hotels Divisional Chief Executive Anil Chadha said in a statement. With this agreement, ITC Hotel group further strengthens its presence in Karnataka, where it currently operates 11 hotels and over 1,300 rooms under various brands including ITC Hotels, Welcomhotel, Fortune and Welcomheritage, he added.

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs

Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.

We want to take strategic positions in proximal markets: ITC's Sanjiv Puri

Puri told Business Standard in a recent conversation that the company would increasingly try to go outside India

Street signs: ITC's drag, Indiabulls high rollers, Paytm Money urgency

The foreign direct investment cap in ITC means that BAT cannot directly sell to another foreign entity

BAT stake sale, tax overhang: 4 reasons why Jefferies has downgraded ITC

Jefferies downgraded the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.

British American Tobacco 'actively' looking to monetise ITC stake

We want to keep a level of influence in ITC, says BAT chief

British American Tobacco signals ITC stake disposal, shares soar 7%

The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last year to focus on reducing debt and investing in new products

ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale

The company's largest shareholder, British American Tobacco (BAT) holds 29.03 per cent stake in ITC

VECV, ITC partner to promote sustainable mid-mile logistics solutions

VE Commercial Vehicles on Monday said it has tied up with GMCG major ITC to promote sustainable and environment-friendly mid-mile logistics solutions. As part of the collaboration, ITC, through its vendor partners, will progressively deploy over 100 units of the 5.5-tonne electric vehicle, the Eicher Pro 2055 EV, for mid-mile transportation from ITC warehouses to customer locations. "This is very much in line with VECV's idea of providing modern solutions for modern logistics, focused on higher productivity and efficiency," VE Commercial Vehicles (VECV) MD and CEO Vinod Aggarwal said in a statement. ITC Ltd Divisional Chief Executive (Trade Marketing and Distribution) Sandeep Sule said building agile, resilient and green supply chains is an integral part of the company's next strategy which is aimed at shaping the next horizon of growth and structural competitiveness. "Towards this, we are partnering with various stakeholders for the deployment of EVs in end-to-end logistics ...

Market resilience in a pill: Pharma's formula for Q3 earnings upgrades

Rx for returns: Pharma firms' dominance in market recovery prescription

Plateful of vision: Sanjiv Puri takes us through ITC's ambitious menu

Puri notes that tax stability in recent years has allowed the cigarette industry to recover from illicit trade, a trend that has been unfolding over several quarters

ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates

Analysts expect the stock to remain muted in the near-term given a weaker overall environment

Stocks to watch on Jan 30: ITC, Bajaj Finance, Epack, Vi, NTPC, Havells

Stocks to watch on January 30, 2024: Epack Durable will make its market debut today. The issue price is fixed at Rs 230

ITC Q3 results: Consolidated net profit rises 6.6% to Rs 5,335 crore

Consolidated revenue from operations in Q3FY24 was at Rs 19,484.50 crore, up 2.44 per cent

ITC Q3 results: Net profit rises 10.8% to Rs 5,572 crore, beats estimates

The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the third quarter ended Dec. 31

ITC hits over 5-month high in weak market; stock rallies 10% since December

At 11:57 AM, ITC was up 2 per cent and was trading as the top gainer on the S&P BSE Sensex and Nifty 50 indices

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses

Growth gains, dividend yield along with stable taxation to boost ITC stock

Non-cigarette segments have delivered annual revenue growth of 14% and net profit growth of 20% over FY18-23

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24