Page 7 of ITC Ltd

ITC Hotels, management agreement, Welcomhotel Kalimpong, hospitality industry, luxury properties, sustainable luxury

ITC Hotels signs management agreement for Welcomhotel Kalimpong

ITC Hotels announced the signing of Welcomhotel Kalimpong resort under a management agreement with Pravez Constructions Private Limited.

September 21, 2023 15:59 IST

ITC, ITC Life Sciences and Technology Centre, R&D, growth, sustainability, packaging solutions, climate emergency, consumer needs

50 years of ITC’s innovation hub: Sanjiv Puri says science & technology open up pathways for growth, sustainability

Delivering the keynote address during the celebration, Chairman Sanjiv Puri complimented the team at ITC-LSTC and generations of scientists who…

September 21, 2023 10:59 IST

ITC Ltd, ITC Q2 results, ITC Q2 results preview, cigarette, FMCG, hotels business, sales, profit, growth, EBITDA, raw material prices, premiumization, weak monsoon, volume growth, liquidity pressures

ITC to invest Rs 1,500 crore to set up food manufacturing, packaging plants in MP

The two projects spread over an area of nearly 57 acres will give a boost to agricultural and manufacturing sectors…

September 3, 2023 21:38 IST

Online gaming firms have raised objections over the payment of 28% GST instead of 18% for the period up to October 1, 2023

Business can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

The AAR noted that the applicant is issuing these gold coins and white goods so procured as incentives as per…

September 3, 2023 11:56 IST

Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD Sanjiv Puri

Over the ITC’s plan for the demerger of its hotel business, Puri said it is going to benefit the existing…

August 27, 2023 18:04 IST

sustainability, climate change, ITC, Sanjiv Puri, global partnership, collaboration, funding, net zero emission, CII

Global partnerships, collaboration key imperative for addressing climate emergency challenges, says ITC’s Sanjiv Puri

Sanjiv Puri said that sustainability, today, has moved to the top of the agenda for governments as well as corporates.…

August 24, 2023 11:14 IST

itc, bat, british american tobacco, hotel industry, industry news

BAT says it’s supportive of ITC’s plan to demerge hotel business

As earlier reported, the board of directors of ITC earlier this week approved the demerger of its hotels business.

August 18, 2023 06:25 IST

ITC Hotels demerger at 1:10 ratio shows chairman Sanjiv Puri’s strategic foresight

With a 1:10 share entitlement ratio, ITC Hotels will issue fresh shares amounting to 124.6 crore taking the total share…

August 17, 2023 15:06 IST

ITC Q1 results, Q1FY24 results review, profit, revenue, core business, cigarette business, FMCG business, ITC hotels demerger

ITC Q1FY24 review: Analysts say ITC posted healthy core business, cigarette and FMCG led growth

Analysts said that the next term outlook for the conglomerate remained strong with FMCG growth ahead of industry and cigarette…

August 17, 2023 13:52 IST

ITC shares gain nearly 2% on Q1 performance, ITC Hotels demerger; should you buy, sell or hold?

ITC stock jumped nearly 2% to Rs 450.4 on Wednesday after the company’s Q1 results came out. ITC Hotels demerger…

August 16, 2023 14:28 IST

ITC Ltd, Q1FY24, quarter results, profit, revenue, EBITDA, FMCG, hostel business, agri business

ITC Q1 results: Profit up 16.1% at Rs 5180.12 crore, revenue drops by 6%

ITC posted revenue from operations at Rs 18,639.48 crore, down 6.0 per cent as against Rs 19,831.27 crore during the…

August 14, 2023 19:03 IST

ITC board approves demerger of hotel business, ITC Hotels listing likely in 15 months

The company stated that 100% of the ultimate economic beneficial interest of hotels business will remain with ITC shareholders –…

August 14, 2023 17:57 IST

ITC, ITC Limited, ITC Limited hotel, ITC hotel demerger,

Hotel business demerger to sharpen ITC’s capital allocation, improve asset efficiency ratios: Sanjiv Puri

Puri said the ministry of corporate affairs has recently approved the name, ITC Hotels, for the new hotel entity.

August 12, 2023 01:30 IST

ITC stock, LIC, LIC investment in ITC, NSE 500 universe

LIC contributes big to dazzling rise in ITC stock

Raises bets on L&T, RIL; cuts exposure to two Adani firms

August 2, 2023 05:30 IST

Who is Sanjiv Puri: The CEO and chairman of ITC Ltd, he is an IITian and one of the highest-paid employees; know about his education, salary, and his career

Sanjiv Puri received a pay of Rs 2.88 crore by ITC for the fiscal year 2022-23, as well as benefits…

Updated: August 1, 2023 10:12 IST

ITC Hotels demerger to unlock value; brokerages bullish, set ITC stock targets above Rs 500

Following the announcement of its hotels arm demerger, ITC held an analyst call to allay concerns. The management’s confidence spurred…

July 28, 2023 12:34 IST

Demerger of hotel biz a win-win, says ITC chairman

New entity is expected to have a strong debt-free balance sheet

July 28, 2023 01:45 IST

ITC’s intelligent demerger of its Hotel Business to benefit shareholders in the long-run

Under the scheme of the arrangement, the hotel division will be hived off into a new wholly owned subsidiary, with…

July 26, 2023 07:34 IST

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