Sanjiv Puri

ITC to continue Nepal investment plans in FMCG and hotels: Sanjiv Puri

ITC Chairman Sanjiv Puri said recent turmoil in Nepal will not affect the company's plans in FMCG and hospitality, with Surya Nepal and new hotels continuing expansion

ITC chief hails PM's reform vision, says GST overhaul to spur growth

ITC Ltd Chairman Sanjiv Puri on Tuesday hailed Prime Minister Narendra Modi's call for next-generation reforms, particularly in the Goods and Services Tax (GST) framework, saying the move will trigger a virtuous cycle of consumption, investment, growth and employment. He said the government's focus on affordability and accessibility of essential items, including food, will provide significant relief to the middle class, micro, small and medium enterprises (MSMEs), and farmers. "The government's resolve to ensure ease of living by enhancing affordability and accessibility of all items meant for daily consumption will benefit the sizeable middle-class population, MSMEs and farmers," Puri said in a statement. A transparent, simplified and growth-oriented tax structure will not only improve competitiveness of enterprises but also promote ease and cost efficiency in doing business, he added. "The proposed measures will enable formalisation of the economy, create a more tax-compliant ...

ITC Hotels sets 2030 goal of 220 properties, 5,300 keys in 5 years

ITC Hotels, in its first AGM post demerger, announced a pipeline of 58 hotels with over 5,300 keys in five years, targeting 200 properties by 2030 and expanding abroad

Expect progressive improvement in demand, says ITC CMD Sanjiv Puri

Sanjiv Puri, ITC's Chairman and MD, expresses cautious optimism on demand recovery, driven by easing interest rates, better weather conditions, and benign inflation

ITC Chairman Puri unveils ₹20,000 crore expansion strategy at AGM 2025

Chairman Sanjiv Puri says 65 per cent of ITC's revenue now comes from non-cigarette businesses as the firm prioritises domestic growth under 'Bharat First' strategy

Proximity, culture make Sri Lanka ideal for Indian firms: Sanjiv Puri

ITC Chairman Sanjiv Puri says cultural affinity and geography make Sri Lanka a preferred overseas destination as Indian companies expand and FTAs open new avenues

BTAs are the way to go in the new world order: CII President Sanjiv Puri

Puri said that the India-UK Free Trade Agreement (FTA) has set a template for future deals and will create opportunities for India to build alternate supply chains

In a short period, India could well be signing multiple FTAs: Sanjiv Puri

He said that with the developments in the world, it was more likely that in a very short period of time, India could sign multiple FTAs

'We would not do that': ITC boss Sanjiv Puri on '90-hour workweek' debate

ITC Ltd chairman Sanjiv Puri, in an interview, firmly opposed the notion of mandating excessive working hours

Capex should be ramped up by 25% over BE: CII President Sanjiv Puri

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

ITC chairman announces investment of Rs 20,000 cr for 'medium term'

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

Case for reforms validated by past experience: CII President Sanjiv Puri

India is growing at a time when most economies are under stress, Puri said

Bring petroleum products, realty, and electricity under GST: CII President

Puri said that the capital gains tax must also be rationalised as part of the 14-point agenda for the new government

Modi govt 3.0 can usher in reforms towards Viksit Bharat: India Inc

With Prime Minister Narendra Modi taking oath for the third time, India Inc on Monday expressed optimism that the new government under his leadership can usher in the next phase of reforms to achieve the goal of Viksit Bharat. Several corporate leaders posted congratulatory messages on X, formerly Twitter, after Modi was sworn in as Prime Minister at the Rashtrapati Bhavan on Sunday, becoming only the second PM after Jawaharlal Nehru to secure a third consecutive term. Vedanta Group Chairman Anil Agarwal tweeted, "Congratulations to @narendramodi ji on being elected Prime Minister of India for the third consecutive time. Bharat has crossed many milestones under your visionary leadership. We are confident that the country will continue on its remarkable growth trajectory!". In a post on X, JSW Group CMD Sajjan Jindal said: "Congratulations @narendramodi ji on assuming office as Prime Minister for the third time, a feat last achieved by Nehru ji. With new cabinet, I am optimistic abou

ITC Chairman Sanjiv Puri takes over as CII President, replaces R Dinesh

Sanjiv Puri, Chairman and Managing Director of ITC, has assumed office as the president of the Confederation of Indian Industry for 2024-25, the chamber said on Sunday. He takes over from R Dinesh, Chairman of TVS Supply Chain Solutions. Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness, and IT. He is also the Chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US, and Surya Nepal Private Ltd. Rajiv Memani takes over as President-Designate of CII for 2024-25. He is Chairman of the India region of EY (Ernst & Young), a leading global professional services organisation. He is also a member of EY's global management body as the Chair of its Global Emerging Markets Committee. Tata Chemicals Limited Managing Director and CEO R Mukundan takes over as the vice president of CII for 2024-25. "He is a distinguished alumnus of IIT, Roorkee, a Fellow of Indian Chemical Society and an alumnus of Harvard Business School.

ITC plans to open more hotels overseas with West Asia in focus: CMD Puri

India's diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company's arm ITC Hotels, which had opened 22 new properties in the last 24 months, plans to add another 70 hotels in the next five years in India as part of expansion plans in the hospitality sector. Besides the hotels business, the company will look for opportunities to expand the presence of FMCG and other verticals in new overseas markets as well. "We are open to exploring opportunities that come about. I think we have strong credentials in hospitality which we can take outside India now. Very clearly at the moment the focus is on proximal markets, be it for hospitality, be it for FMCG...," Puri said here at a press conference after the opening of the 352-room luxury property, ITC Ratnadipa here. He said as the .

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 ..

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

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.

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