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Sanjiv Puri
The process of the world's transition towards 'net-zero' needs to be inclusive to avoid accentuation of social inequality challenge and the 'exemplary progress' made by India in the area is worthwhile for the global community to look at, ITC Chairman and Managing Director Sanjiv Puri said on Monday. In his address at the Business-20 (B20) India inception meeting here, Puri also called for collective efforts in the G-20 and global community to come together to find solutions in a collaborative fashion for a sustainable future. "The fact that the world has to transition to net-zero, the fact that the world needs to move to a more sustainable and greener future is well acknowledged and understood. However, as we all know, progress has not been adequate," Puri said at the meeting organised by CII. There are challenges, there are critical, financial and social issues that need to be addressed, to accelerate progress, he added. "It is important as we traverse this complex journey that th
ITC Ltd would pursue the "asset-right" strategy for its hotel business to ensure that the diversified conglomerate remains competitive and contemporary, and continues to deliver superior performance, its chairman Sanjiv Puri said. The Kolkata-based multi-conglomerate, which operates hotels under the brand names such as ITC and Welcome, also said that it is exploring foreign markets for its hospitality business, he said. According to Puri, the tourism and hotel industry is recovering after pandemic and the company will take the demerger process forward and explore alternate structure. "Once things are finalised and we have a final proposal we will share it," Puri told PTI when asked about the demerger of ITC hotel business. On the company's plans to expand hotel operations overseas, he said they are "pursuing asset-right strategy sometime now and there are large number of hotels that have come in under Welcome hotels. The new brand called 'Storii' and 'Momentous' also will start ...
The number of employees at conglomerate ITC drawing a salary of over Rs 1 crore per annum has gone up by 44 per cent in the recently-concluded FY2021-22 fiscal, according to the company's annual report. The total number of ITC employees drawing a salary aggregating Rs 8.5 lakh per month or over a crore rupees per year was 220 against 153 in 2020-21, said the latest annual report of ITC. "There were 220 employees, who were employed throughout the year and were in receipt of remuneration aggregating Rs 102 lakhs or more or were employed for part of the year and were in receipt of remuneration aggregating Rs 8.5 lakhs per month or more during the financial year ended March 31, 2022," the annual report said. While the gross remuneration drawn by ITC Chairman & Managing Director Sanjiv Puri in FY22 was up 5.35 per cent to Rs 12.59 crore, which includes a consolidated salary of Rs 2.64 crore, perquisites /other benefits of Rs 49.63 lakh and a performance bonus of Rs 7.52 crore. Puri's ..