Exploring acquisitions, says ITC chairman Puri

‘Hotel unit to track asset-right strategy’ ITC Ltd. is ‘proactively’ exploring inorganic opportunities as part of its vision for the next horizon, chairman Sanjiv Puri told shareholders on Wednesday. He was addressing the company’s 110th Annual General Meeting online. “This was manifest in the earlier acquisition of Savlon and Nimyle brands, and more recently of… Continue reading Exploring acquisitions, says ITC chairman Puri

ITC diversifying tobacco biz to capture US vaping market

ITC is diversifying its tobacco business to manufacture and export nicotine and nicotine-derivative products to capture the growing demand for oral and vaping products in the US and EU markets. The company’s annual report for FY21 mentions that it has set up a wholly-owned subsidiary, IndiVision, and has obtained necessary regulatory approvals for setting up… Continue reading ITC diversifying tobacco biz to capture US vaping market

For ITC, the key growth driver will be packaged foods

Given the expectations of growth in the packaged foods segment, the company seeks to become a Rs 1-trillion FMCG business by FY30. Ram Prasad Sahu reports. The ITC stock has gained more than 9 per cent over the last few trading sessions on expectations of increased contribution from its expanding fast moving consumer goods (FMCG)… Continue reading For ITC, the key growth driver will be packaged foods

For ITC, the key growth driver will be packaged foods

Given the expectations of growth in the packaged foods segment, the company seeks to become a Rs 1-trillion FMCG business by FY30. Ram Prasad Sahu reports. The ITC stock has gained more than 9 per cent over the last few trading sessions on expectations of increased contribution from its expanding fast moving consumer goods (FMCG)… Continue reading For ITC, the key growth driver will be packaged foods

For ITC, the key growth driver will be packaged foods

Given the expectations of growth in the packaged foods segment, the company seeks to become a Rs 1-trillion FMCG business by FY30. Ram Prasad Sahu reports. The ITC stock has gained more than 9 per cent over the last few trading sessions on expectations of increased contribution from its expanding fast moving consumer goods (FMCG)… Continue reading For ITC, the key growth driver will be packaged foods

Tatas commit Rs 1500 crore to fight coronavirus

The donation by Tata Sons and Trusts is the biggest sum committed by a corporate and its philanthropic arm since the outbreak of Covid-19. Others, including Reliance Foundation, Mahindra Group,  Bajaj Group, and ITC, are lending support too in the battle against the pandemic. Tata Trusts, the philanthropic arm of the Tata group, and Tata… Continue reading Tatas commit Rs 1500 crore to fight coronavirus