Firm silent on extent of hike, says farmers faced cost push in the past nine months, which in turn led to an increase in procurement prices by Rs 3-4 a litre for the company
The brokerage and investment firm JM Financial has given a 'buy' call for shares such as ITC, GAIL, Mahindra & Mahindra Financial, Welspun India, Apollo Tyres, Blue Star, V Guard Industries, JK Lakshmi Cement and Somany Ceramics.
Good print across segments and consistency in execution can drive re-rating of ITC from current levels, highlighted Kotak Institutional Equities
Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent
ICICI Securities believes stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term.
BoI, Devyani Intl, Eveready, FSL, Mahindra Life, Paytm, REC, Siemens, Sintex, SPARC, Tata Steel, Thermax and Vijaya Diagnostics are some of the prominent companies to announce results today.
Pre-tax profits from the non-cigarettes FMCG segment was at Rs 246 crore, compared with Rs 243 crore in the same period last year
The e-commerce sales continued to grow rapidly during the year with sales at nearly 3x of FY20 level, says ITC
Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
The stable taxation on cigarettes can aid volume growth for cigarette companies, which have been one of most unsettled industry from Covid related disruptions.
Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net
ITC has also suggested the spectrum bands which should be reserved for private networks
ITC Ltd said it has collaborated with Invest India to crowdsource innovative ideas for single-use plastic substitution and automate waste segregation.
The carts will be located at 100 locations across Delhi and NCR, which can also be located via Google MyMap.
The facility will generate renewable energy for the group's hotels, food manufacturing and other businesses in Tamil Nadu.
: Diversified business conglomerate ITC Limited has commissioned its first off-site solar plant in Tamil Nadu set up at an investment of Rs 76 crore, the company said on Tuesday.
Diversified business entity ITC said its Master Chef frozen snacks has entered into a strategic partnership with Havmor Ice Cream, owned by South Korean conglomerate Lotte group
In the last 20 days, AICPDF had written two letters to FMCG companies to resolve the issue of price disparity.
The company's shareholding in Delectable aggregates 27.34 per cent of its share capital on a fully diluted basis
Diversified firm ITC Ltd on Saturday said it has bought 8.70 per cent equity stake in Mother Sparsh Baby Care, a D2C Ayurvedic and natural personal care brand