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ITC Hotels Demerger: What's the latest update all about?

ITC Hotels Demerger: What's the latest update all about?

Tue, Dec 17, 2024

Kolkata-headquartered cigarettes-to-hotels conglomerate ITC Ltd on Tuesday announced that a planned demerger of its hotels business into a separate company, ITC Hotels Ltd, will take effect from January 1. The conglomerate ITC on Tuesday said all conditions for the demerger are "fulfilled". Under the proposed demerger, ITC Hotels Ltd will issue equity shares directly to the shareholders of ITC to ensure that about 60 per cent stake is held directly by ITC shareholders in proportion to their shareholding in ITC while the remaining 40 per cent will remain with ITC. Read on to know important details about the proposed demerger between ITC Ltd and ITC Hotels Ltd.

FMCG giant ITC announces Jan 1 as the effective date for hotel business demerger

FMCG giant ITC announces Jan 1 as the effective date for hotel business demerger

Tue, Dec 17, 2024

ITC sets January 1, 2025, as the effective date for its hotels demerger, retaining 40% stake to ensure strategic support and future growth.

ITC scales up cultivation of medicinal, aromatic plants

ITC scales up cultivation of medicinal, aromatic plants

Sun, Dec 08, 2024

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.

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YC Deveshwar, the man who transformed ITC into a multi-business conglomerate, passes away

YC Deveshwar, the man who transformed ITC into a multi-business conglomerate, passes away

Sat, May 11, 2019

Yogesh Chander Deveshwar, who has died aged 72, was a rare example of an employee joining straight out of college and moving through the ranks to become not just the youngest chairman of a frontline conglomerate in India Inc, but also the longest serving one for 23 years.

Heavy selling drags Sensex 487 pts, Nifty ends around 11,360

Heavy selling drags Sensex 487 pts, Nifty ends around 11,360

Wed, May 08, 2019

Benchmark indices finished near day's low on Wednesday amid weak global cues. The Sensex has closed below 38,000, while Nifty also break below 11,350 during intraday. At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.40 points at 11359.50. About 685 shares have advanced, 1778 shares declined, and 148 shares are unchanged.

Late selling drags Sensex 324 pts, Nifty ends a tad below 11,500

Late selling drags Sensex 324 pts, Nifty ends a tad below 11,500

Tue, May 07, 2019

The late selling pulled Nifty50 below its crucial support of 11,500, dragged by Reliance Industries, ICICI Bank, ITC, IOC and Tata Motors which fell 2-4 percent. The BSE Sensex closed at 38,276.63, down 323.71 points and Nifty50 fell 100.35 points to 11,497.90. However, Infosys, HUL, L&T, Wipro, ONGC and Titan Company bucked the trend, rising 1-2 percent.

ITC, Britannia, Godrej cons among top gainers for the day, April 12th, 2019

ITC, Britannia, Godrej cons among top gainers for the day, April 12th, 2019

Fri, Apr 12, 2019

In this segment of Zee Business, we brings to you latest updates on stock market trading sessions for today. Watch full video to know more.

New GST rates on under construction property from 1st April

New GST rates on under construction property from 1st April

Tue, Mar 19, 2019

New rules approved by the GST council. 5% GST will be applied on new projects from 1st April. Watch video to know more...

BAT tanks in Britain, as ITC flourishes back home

BAT tanks in Britain, as ITC flourishes back home

Wed, Mar 13, 2019

BAT`s year-on-year market cap erosion between December 2017 and December 2018 was down sharply from 115 billion pounds to 59 billion GBP, an erosion of 48.7 per cent.

ITC Q3 result: Company clocks 4 per cent rise, profit at Rs 3,209 cr

ITC Q3 result: Company clocks 4 per cent rise, profit at Rs 3,209 cr

Wed, Jan 23, 2019

Diversified group ITC on Wednesday reported 3.84 per cent increase in standalone net profit at Rs 3,209.07 crore for the third quarter ended December 31, 2018.

These Sensex companies add Rs 42,513 crore in market valuation; SBI, HUL, ITC, Infosys and Maruti Suzuki see surge

These Sensex companies add Rs 42,513 crore in market valuation; SBI, HUL, ITC, Infosys and Maruti Suzuki see surge

Sun, Dec 16, 2018

Five of the 10 most valued Indian companies together added Rs 42,513.94 crore in market valuation last week, with State Bank of India topping the list.

ITC’s Yippee noodles now Rs.1,000 crore brand

Sat, Nov 17, 2018

https://www.dnaindia.com/business/report-itc-s-sunfeast-yippee-now-turns-rs-1000-crore-brand-2686138 Sunfeast Yippee! has become a Rs 1,000 crore brand for the branded packaged food division of diversified conglomerate ITC Ltd.

ITC’s Sunfeast Yippee commands over 22% market share in overall market in India

ITC’s Sunfeast Yippee commands over 22% market share in overall market in India

Fri, Nov 16, 2018

The second-largest selling instant noodles brand also commands over 22% market share in the overall market in India. With two significant milestones reached, the company management is now aggressively looking to grow the category, intensifying competition with market leader Maggi from Nestle India.

ITC sees 5% rise in Q2FY19, bags Rs 2,955 crore; cigarette revenue drops

ITC sees 5% rise in Q2FY19, bags Rs 2,955 crore; cigarette revenue drops

Fri, Oct 26, 2018

A Bloomberg poll of analysts had predicted net profit of ITC to come at Rs 2,880 crore in Q2FY19.

ITC becomes most valued FMCG company; Should you invest?

ITC becomes most valued FMCG company; Should you invest?

Sat, Jul 28, 2018

ITC has even surpassed Hindustan Unilever in terms of market share becoming the highest valued FMCG company in India.

Bharti Airtel, ITC among top stocks hogging limelight today

Bharti Airtel, ITC among top stocks hogging limelight today

Fri, Jul 27, 2018

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan’s Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.

Sensex scales fresh peak on GST rate cut, gains 222 points at close

Sensex scales fresh peak on GST rate cut, gains 222 points at close

Mon, Jul 23, 2018

The Sensex ended at 36,718, up 222.23 points, while the broader Nifty50 settled at 11,084, up 74.55 points. The Sensex opened higher at 36,501.05 and gathered momentum on massive buying to hit an all-time intra-day high of 36,749.69.

Seven of top 10 Sensex firms add Rs 53,799.78 cr in valuation

Seven of top 10 Sensex firms add Rs 53,799.78 cr in valuation

Sun, Jul 22, 2018

Seven of the 10 most valued Indian companies together added Rs 53,799.78 crore to their market capitalisation last week, with RIL topping the chart

Hero MotoCorp, ITC among top stocks hogging limelight in Tuesday's trade

Hero MotoCorp, ITC among top stocks hogging limelight in Tuesday's trade

Tue, Jul 03, 2018

The Sensex and Nifty are expected to open flat tracking mixed trend in Asian markets as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets.

Good news for ITC, YC Deveshwar stay extended for another 2 years

Good news for ITC, YC Deveshwar stay extended for another 2 years

Wed, Jun 27, 2018

Diversified conglomerate ITC has extended the term of its most illustrious head, Yogesh Chander Deveshwar for another two years till 2022. This is being done in light of “increasing size and complexity” of the conglomerate, ITC said.

Six of these Sensex firms add Rs 60,208 cr in valuation

Six of these Sensex firms add Rs 60,208 cr in valuation

Sun, Jun 10, 2018

Six of the top-10 most valued companies added Rs 60,207.86 crore in market valuation last week, with Reliance Industries (RIL) contributing the most to gains.

Notice shot off to businesses for less IGST input credit claim

Notice shot off to businesses for less IGST input credit claim

Fri, Jun 08, 2018

Tax authorities have started sending notices to businesses who have claimed less IGST input tax credit while filing sales returns as against the credit claims generated by GST Network (GSTN).

This is the most-preferred sector for business graduates in India

This is the most-preferred sector for business graduates in India

Tue, May 22, 2018

The fast-moving consumer goods (FMCG) sector is back as the most preferred sector for employment as more than two in five (46%) respondents graduating in 2018 from 36 leading B-schools said they preferred to work in the sector, according to Nielsen Campus Track Business School Survey 2018.

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