Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.
The app has been launched in seven states with over 40,000 farmers grouped in 200-plus farmer produce organisations (FPOs) under four value chains - wheat, paddy, soya, and chilli
ITC shares hit its one-year peak on Thursday amid talks about an organisational restructuring at the conglomerate, including demerger of hotels business and listing of its technology venture
ITC launched 110 products in FY22 to mark its capacity for innovation, he says
Better capital allocation and valuation make it a preferred choice amid a volatile environment
ITC is expected to post strong 23.3% revenue growth led by 21.8% growth in the cigarettes business, 28% growth in paperboard business & 17.5% growth in FMCG business, ICICI Securities said.
ITC Chairman and Managing Director Sanjiv Puri's three years in charge have seen structural shifts that steadied the cigarettes to hotels major against a tough business environment
ITC has been gaining market share in cigarettes over the last one year through new premium products & aggrieve trade promotions
Shares of ITC jumped 4 per cent in Friday's trading session
If not for RIL's steep correction, the index could have closed nearly 500 points higher
Analysts say while valuations of global tobacco peers are back to pre-pandemic levels, ITC still trades at a 24% discount to its Jan 2019 valuation of 25.4x one-year forward EPS
ITC's FMCG brands crossed annual consumer spend of Rs 24,000 crore and the year also saw about 110 new product launches from the segment
Company says it remains focused on completing project in expeditious manner
ITC, which owns brands like Aashirvaad, Bingo, Classmate, Savlon and YiPPee, "remains focused on rapidly scaling up the FMCG biz anchored on strong growth platforms and a future-ready portfolio".
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 ..
Phytosanitary norms often cited to settle political scores or for vested interest: Experts
Diversified entity ITC on Saturday said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind direct-to-consumer (D2C) brand, Mylo.
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
The surge in the counter assumes significance as the broader market was in the negative territory mirroring weak trends in global equities
CLOSING BELL: The Nifty IT index plunged 6 per cent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".