ITC, which has been diversifying into fast moving consumer goods (FMCGs), has sought from the state government 60 acre land for its proposals…READ MORE
KEEP READINGConsumer goods companies including Nestle, Dabur, ITC and Amul have assured Central Board of Excise and Customs (CBEC) chairperson Vanaja Sarna that they have passed on the recent reduction in goods and services tax (GST) rates to consumers by lowering prices…READ MORE
KEEP READINGThe Hotel and Restaurant Association Western India (HRAWI) claims that the reduction in GST on restaurant services without input credit will impact the industry in a negative way…READ MORE
KEEP READINGCoca-Cola and Pepsi have been losing share to local rivals, including Parle, Dabur and ITC, in the aerated-beverages segment even as the global soft-drink giants introduced more fruit-based and healthier products to reduce their reliance on sugary sodas…READ MORE
KEEP READINGThe ‘India First’ strategy for the future, CEO Sanjiv Puri (in pic) said: “Currently, we rank No. 3 among the food companies in India with a total Rs 8,000-crore consumer spends and two Rs 3,000-crore plus brands…READ MORE
KEEP READING“Investments have also been made in farming for aromatic and medicinal plants, keeping in mind ITC’s focus on agri-based health and wellness products,” said YC Deveshwar…READ MORE
KEEP READINGS Sivakumar told that ITC was looking to build its Master Chef franchisee with processed, frozen foods, while fresh produce will be sold under a separate brand name…READ MORE
KEEP READINGAs per a report in Business Standard, ITC has decided to open up India’s first branded chocolate chain by setting up luxury boutiques till now confined to the premises of its hotels. The fast-moving consumer goods major aims to come up with one store each in Delhi and Kolkata by the end of September. “Spaces have been identified and will be operational sometime next quarter. The identified spaces will be our own in the current phase to ensure quality and a befitting experience for the consumer,” Hemant Malik, chief executive of foods at ITC said…READ MORE
KEEP READINGITC Ltd chairman YC Deveshwar sold his entire holding in the company last fiscal before retiring from executive role in February. Deveshwar, who has been the longest-serving boss in the cigarette-FMCG-hospitality conglomerate, had 6.8 lakh shares at the start of last fiscal which he sold through 18 transactions through the year with the last transaction on February 3, two days before moving into a non-executive role, as per disclosures in the company’s latest annual report…READ MORE
KEEP READINGA good quarterly performance was just what was needed to keep the bullish sentiment fired up on the Street. And ITC didn’t fail to deliver. Its improved Q4 performance coming soon after the GST triggered relief rally is enough for the Street to continue being bullish on the tobacco stock…READ MORE
KEEP READING