Itc Investment
ITC ramps up cultivation of medicinal, aromatic plants for market expansion
ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...
 "ITC ramps up cultivation of medicinal, aromatic plants for market expansion")
We are optimistic about India story, says ITC's Director Hemant Malik
Irrespective of whether we experience tailwinds or headwinds, the market opportunities for our various food categories in India are very large, says Hemant Malik, executive director of ITC
 "We are optimistic about India story, says ITC's Director Hemant Malik")
ITC hotel biz demerger allays capital allocation concerns, say analysts
Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note
 "ITC hotel biz demerger allays capital allocation concerns, say analysts")
ITC's luxury project in Colombo hit by headwinds as Sri Lanka economy sinks
Company says it remains focused on completing project in expeditious manner
 "ITC's luxury project in Colombo hit by headwinds as Sri Lanka economy sinks")
Stuck with an investment in ITC? Here's how the stock looks on the charts
On year-to-date (YTD), basis, ITC has slipped nearly 24 per cent. In comparison, the Nifty FMCG index has gained 2 per cent, while the Nifty 50 has slipped 5.3 per cent during this period
 "Stuck with an investment in ITC? Here's how the stock looks on the charts")
ITC's two investments in the hotel sector take different directions
The investment in both the stocks, however, was about the same, around Rs 200 crore, though ITC did subscribe to EIH's rights issue in 2011.
 "ITC's two investments in the hotel sector take different directions")
ITC lines up Rs 10,000-cr investment to boost food processing business
CEO Sanjay Puri says biggest headroom to grow is in the FMCG space as internal capabilities can be leveraged there
 "ITC lines up Rs 10,000-cr investment to boost food processing business")
