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
The product will offer a wide range of agricultural solutions while its micro-services structure will enable plug-in by a range of agtech solutions
About the FMCG business, Sanjiv Puri said ITC is focusing to build a formidable business at scale and several of its brands have already achieved leadership positions
Its non-cigarette FMCG business has been restructured and positioned as the next growth engine but the market still considers the conglomerate a tobacco player
After the breakdown below 200-day moving average (DMA) in June 2019, this is the second attempt that the stock is making to conquer the significant moving averages
Diversified business entity ITC has accelerated digital transformation under the company's future-ready strategy to enhance competitive advantage and operational effectiveness, Sanjiv Puri said
Says impact of Covid-19 on livelihood severe, believes health could be the next IT
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FCMG companies have been grappling with multiple challenges - manufacturing, supply chain and manpower availability being primary among them
The Budget is an attempt to endow India with improved health and better access to education unleashing better infrastructure, says Rajnish Kumar
Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board
ITC is driving growth with new products. But under the leadership of ITC's new chairman, Sanjiv Puri, the focus for the company is to drive growth with profitability
Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown
The notice sent to shareholders says the revision is based on the necessity to be competitive and performance-driven
Puri said some slowdown was seen in consumption towards the second half of last financial year and it still continues
Last fiscal year, the company launched 50 products to build existing categories and acquired Charmis brand of face cream and Nimyle floor cleaners to gain entry into new segments
Total Remuneration of diversified group ITC Chairman & MD Sanjiv Puri has gone up by over 51 per cent to Rs 6.16 crore in 2018-19. Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took home Rs 4.06 crore in FY 2017-18. Moreover, the total number of employees getting a total salary of over Rs one crore in the company is now 91, ITC said in its Annual Report for FY 2018-19. Deveshwar, who died in May this year, had received a remuneration of Rs 16.62 crore for FY 2018-19. Puri was set to take over as the Chairman in 2021-22 and was being mentored by Deveshwar for the post. He was appointed as CEO of the company on February 5, 2017 and re-designated as the Managing Director of ITC from May 16, 2018. As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore. ITC Executive Director
he Kolkata-based company is looking to have 20 such units in pan India
Puri tells Shyamal Majumdar how ITC is planning to enter every category that can be called FMCG
Succession planning at ITC has been in the works since 2010, when the company initiated board level changes