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ITC Ltd News

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash
Updated On : 19 Feb 2025 | 10:27 AM IST

Will Sensex fall another 1,500pts this week, Nifty test 22,500? Chart check

The BSE Sensex has near key support at 75,150, below which a dip towards 74,400 seems likely. Technical chart shows the Nifty 50 index seems headed towards the 20-month moving average.

Will Sensex fall another 1,500pts this week, Nifty test 22,500? Chart check
Updated On : 17 Feb 2025 | 9:17 AM IST

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal

ITC is in preliminary discussions with Norway's Orkla ASA to acquire two of its brands as part of its efforts to expand presence in the southern Indian spice market

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal
Updated On : 13 Feb 2025 | 12:26 PM IST

ITC slips 3% after Q3; few brokerages cut target after hotel biz demerger

Post Q3, the brokerages maintained their positive stance on ITC stock but most cut target price and EPS estimates given the demerger of hotel business

ITC slips 3% after Q3; few brokerages cut target after hotel biz demerger
Updated On : 07 Feb 2025 | 10:40 AM IST

ITC Q3 results: Net profit drops 7.5% to Rs 4,935 crore, revenue rises 8%

Early signs of recovery in urban demand, says ITC

ITC Q3 results: Net profit drops 7.5% to Rs 4,935 crore, revenue rises 8%
Updated On : 06 Feb 2025 | 9:49 PM IST

ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods

Diversified conglomerate ITC Ltd has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs 10,000 crore sector. The company announced on Thursday that by April 2027, it will invest around Rs 187 crore to acquire 62.5 per cent of Prasuma. The valuation for the remaining 37.5 per cent will be decided at a later date. The acquisition will be carried out in multiple tranches over three years. In the first phase, ITC will acquire a 43.8 per cent stake in Ample Foods Private Limited (AFPL), which owns the Prasuma brand, along with its subsidiary Chao Chao Foods Private Limited and its associate company Meat and Spice Private Limited (MSPL). The initial investment of Rs 131 crore will be made through a combination of primary subscription and secondary purchases, expected to be completed by March 2025. ITC's equity stake in Prasuma will subsequently increase to 62.5

ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods
Updated On : 06 Feb 2025 | 9:54 PM IST

ITC Q3FY25 results: Profit down 7.27% to Rs 5,013.16 cr, revenue up 9%

The 'Gold Flake' cigarette maker reported a profit of 56.38 billion rupees ($643.69 million) for the third quarter ended December 31, compared with 55.72 billion rupees a year earlier

ITC Q3FY25 results: Profit down 7.27% to Rs 5,013.16 cr, revenue up 9%
Updated On : 06 Feb 2025 | 6:52 PM IST

Q3 results, Feb 6: Hero MotorCorp, ITC, MRF, Airtel to post earnings today

Q3 company results, February 6: Hero Motorcorp, NMDC, PVR INOX, State Bank of India, JK Lakshmi Cement, and Apollo Tyres will release their reports for the Oct-Dec 2024 quarter

Q3 results, Feb 6: Hero MotorCorp, ITC, MRF, Airtel to post earnings today
Updated On : 06 Feb 2025 | 9:34 AM IST

ITC Q3 preview: Cigarette volume may remain resilient; FMCG biz to grow 6%

Analysts and investors will keep an eye out for management's commentary on FMCG, cigarette business growth outlook

ITC Q3 preview: Cigarette volume may remain resilient; FMCG biz to grow 6%
Updated On : 04 Feb 2025 | 12:46 PM IST

CM Mamata inaugurates ITC's global centre of excellence for AI in Kolkata

Diversified conglomerate ITC Limited on Wednesday announced the opening of its global centre of excellence for Artificial Intelligence (AI) in the metropolis. The centre was virtually inaugurated by West Bengal Chief Minister Mamata Banerjee during the Bengal Global Business Summit. ITC chairman and managing director Sanjiv Puri highlighted Bengal's potential for investment, noting that the firm, headquartered in Kolkata, has made significant investments in sectors such as hospitality, manufacturing, IT, and agriculture. He emphasised the state's promising future in hospitality and reiterated ITC's commitment to expanding its presence in West Bengal. The global centre, located in New Town, will focus on advanced AI research, positioning West Bengal as a leading hub for AI development in India. Banerjee also virtually inaugurated a state-of-the-art FMCG manufacturing facility at Uluberia in Howrah district. Puri added that ITC has invested over Rs 7,500 crore in West Bengal over t

CM Mamata inaugurates ITC's global centre of excellence for AI in Kolkata
Updated On : 05 Feb 2025 | 8:48 PM IST

F&O trends: Buying seen in ITC, UBL; Shorts added in L&T, HUDCO, 8 others

The NSE derivatives data show that FIIs continue to hold a bearish bias, with 8.5 short positions in index futures for every long bet.

F&O trends: Buying seen in ITC, UBL; Shorts added in L&T, HUDCO, 8 others
Updated On : 04 Feb 2025 | 9:12 AM IST

ITC, Zomato, Bata India: 5 stocks to buy for upto 22% gain post Budget 2025

Technical charts shows that shares of ITC, Bata India, Campus Activewear, Kaveri Seed and Zomato are on the brink of a positive breakout; hence can potentially rally up to 22% in the near-term.

ITC, Zomato, Bata India: 5 stocks to buy for upto 22% gain post Budget 2025
Updated On : 01 Feb 2025 | 1:43 PM IST

Consumption stocks rally on Budget proposals; Maruti Suzuki, Trent surge 7%

The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance Minister Nirmala Sitharaman said while presenting the Budget 2025

Consumption stocks rally on Budget proposals; Maruti Suzuki, Trent surge 7%
Updated On : 01 Feb 2025 | 1:21 PM IST

ITC gains 3% ahead of Budget 2025 on heavy volumes; sin tax in focus

Nuvama Institutional Equities reckons a low probability of a sharp hike in cigarette tax in the upcoming budget (1 Feb-25) given a small tax hike was taken last year.

ITC gains 3% ahead of Budget 2025 on heavy volumes; sin tax in focus
Updated On : 31 Jan 2025 | 3:43 PM IST

ITC, UB, Delta Corp: Trading strategies for sin stocks ahead of Budget 2025

Technical charts indicate that shares of ITC, Godfrey Phillips, VST Industries, Delta Corp and United Breweries could slide up to 28% from present levels. Check key levels here

ITC, UB, Delta Corp: Trading strategies for sin stocks ahead of Budget 2025
Updated On : 28 Jan 2025 | 1:35 PM IST

ITC hotels to list on stock exchanges on Jan 29 after split: NSE circular

Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, will list on the stock exchanges on January 29. Demerger of ITC's hotel business came into effect on January 1, 2025, with January 6 fixed as the record date. The move separated ITC Hotel from the parent entity. Following this, the equity shares of ITC Hotels will be listed and admitted to dealings on the exchange with effect from January 29, 2025, according to a circular by the National Stock Exchange (NSE). "The equity shares of ITC Hotels Limited...shall be traded in Series 'BE' and subsequently be shifted to Series 'EQ'," it added. Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity shares effective January 29, 2025. On January 6, the BSE and NSE conducted a special trading session to discover the price for ITC hotels business post demerger. As per the demerger scheme, IT

ITC hotels to list on stock exchanges on Jan 29 after split: NSE circular
Updated On : 27 Jan 2025 | 7:03 PM IST

We aim to be a leader in every segment we operate in: ITC Chairman Puri

ITC is sharpening its competitiveness and strengthening innovative capacity under its "Next Strategy" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its Chairman and Managing Director Sanjiv Puri. The cigarettes-to-consumer goods conglomerate has articulated a strategy of the organisation, the 'ITC Next Strategy' aiming to shape a future-ready enterprise and define the next phase of growth and profitability, Puri told PTI. As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth. "These have been identified as areas where specific interventions have been made to become competitive and contemporary. The objective is to keep innovating while leveraging enterprise strengths," said Puri. The idea is to be a leader and to be a very large-scale business, in which ITC has made "appreciable progress" in its ongo

We aim to be a leader in every segment we operate in: ITC Chairman Puri
Updated On : 19 Jan 2025 | 4:55 PM IST

ITC Hotels plans to expand business internationally post-demerger

ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and Managing Director Sanjiv Puri said. The cigarettes-to-consumer goods conglomerate has demerged its hotels division and the new company will list on bourses in the next couple of weeks. The date of ITC Hotels Ltd listing is yet to be announced but Puri said it will happen in "next few weeks". India's most-valued consumer company selling a wide variety of goods from cigarettes to paper, also operates 140 hotels, almost all of them in India. ITC's shareholders will own 60 per cent in the new unit, with the parent company retaining the rest. "So as far as overseas is concerned, we are starting to (expand). We have been India-centric, but we have started to go beyond India. We have a hotel in Colombo. We have one in Nepal. There is one more in Nepal that we have signed up for. "And over a period of time, we will expand (overseas), primarily more focused on proxi

ITC Hotels plans to expand business internationally post-demerger
Updated On : 15 Jan 2025 | 3:52 PM IST

DPIIT signs agreement with ITC to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday said it has entered into a strategic partnership with ITC Ltd to help startups in the manufacturing sector. "Under this partnership, ITC is looking to deploy startup solutions in key areas such as digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, and energy storage systems," the department said. It added that a Memorandum of Understanding (MoU) has been signed which will set the tone for a partnership where ITC's experience and expertise with extensive market network will complement DPIIT's initiative for supporting startups across the country. DPIIT Joint Secretary Sanjiv said, "We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for startups." Startup India Director Sumeet Kumar Jarangal said this would help provide hassle-free market access to startups in terms o

DPIIT signs agreement with ITC to help startups in manufacturing sector
Updated On : 15 Jan 2025 | 2:42 PM IST

India seeing golden era of development: ITC Hotels MD Anil Chadha

The hospitality giant has cash and cash equivalent of Rs 1,500 crore

India seeing golden era of development: ITC Hotels MD Anil Chadha
Updated On : 14 Jan 2025 | 10:39 PM IST