Page 2 - Itc Ltd

Stocks to Watch, March 13: ITC, JG Chem, Signatureglobal, Vedanta, HG Infra

Stocks to Watch on Wednesday, March 13, 2024: British American Tobacco (BAT) may sell up to 3.5 per cent stake in ITC by way of block deals on Wednesday

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

British firm will use the proceeds of block trades to buy back own shares

ITC slumps to 8-month low; slips 2% as BAT may sell partial stake this week

According to a Bloomberg report, London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Profit booking in RIL weighs on indices; Sensex ends 802 points lower

Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline

From IRCTC to ITC, stocks that may benefit from Ram Temple opening

Several popular religious destinations, according to Jefferies, attract annual tourist traffic of 10-30 million despite the existing infrastructural bottlenecks

ITC Ltd director David Robert Simpson resigns, effective January 30

ITC Ltd on Tuesday said its Non-Executive Director David Robert Simpson has resigned due to personal reasons. His resignation will be effective from January 30, the Kolkata-headquartered company said in a regulatory filing. Simpson was on ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc. "David Robert Simpson, Non-Executive Director, has tendered his resignation from the Board of Directors of the company with effect from 30th January, 2024, due to personal reasons," ITC said. He was appointed on ITC board as a Non-Executive Director with effect from January 27, 2017. As of September 2023, Tobacco Manufacturers (India) held 23.88 per cent stake in ITC.

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

'Biki' Oberoi: Hotelier extraordinaire

To convert these concepts into practice, Biki introduced a 'transformation programme' into the existing hotels in the Group

HUL to cut prices of soaps, detergents to keep local competition in check

Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits

ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data

82% young Indians say parents would be supportive in mental therapy: Study

The survey also said that parents play a vital role in a family to discuss and fight mental health issues

Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart

HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.

I do not think it is time for investors to be fearful: First Global's Mehra

The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra

ITC's Puri hopes food export bans are short-lived once supply stabilises

The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation

ITC hits 2-month low; stock down 12 per cent from record high

The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.

FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?

Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.

Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee

Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.

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

Hotel stocks have more room for an upside; buy selectively: Analysts

The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.