itc ltd

ITC trying to ‘fast forward’ Rs.25,000 crore investment plan


July 27th, 2012 - 10:46 pm ICT by IANS
Kolkata, July 27 (IANS) In spite of a slowdown in India's economic growth and low business sentiment, cigarette-to-hotel conglomerate ITC Ltd Friday said it is trying to "fast forward" its ... Read more...

Posted in Business |

ITC to expand Wealth-out-of-Waste project


June 23rd, 2012 - 5:31 pm ICT by IANS
Chennai, June 23 (IANS) Catch-them-young to spread a good concept is what diversified corporate ITC Ltd. has decided to follow in propagating its wealth-out-of-waste (WOW) initiative.The WOW initiative started in ... Read more...

Posted in Environment |

ITC’s Sri Lankan subsidiary acquires land in Colombo


May 16th, 2012 - 12:21 am ICT by IANS
Kolkata, May 15 (IANS) Cigarette-to-hotel multi-business major ITC Ltd. Tuesday said its wholly-owned subsidiary WelcomHotels Lanka Private Limited (WLPL) has acquired land in Colombo to set up a mixed-used ... Read more...

Posted in South Asia |

ITC Ltd quarterly net profit increases 24.5 percent


July 28th, 2011 - 7:27 pm ICT by IANS
Mumbai, July 28 (IANS) Diversified conglomerate ITC Ltd Thursday posted a 24.5 percent increase in net profit at Rs.1,332.7 crore for the quarter ended June 30 against Rs.1,070.3 crore during ... Read more...

Posted in Business |

Harita NTI, ITC to develop bio-polymer packaging material


May 31st, 2011 - 8:40 pm ICT by IANS
Chennai, May 31 (IANS) City-based Harita NTI Ltd., a manufacturer of bio-based and certified compostable bio-plastic materials, Tuesday announced the signing of a memorandum of understanding (MOU) with ITC Ltd. ... Read more...

Posted in Uncategorized |

ITC to export soybean meal to China


March 9th, 2011 - 5:23 pm ICT by IANS
Kolkata, March 9 (IANS) ITC Ltd has signed a Rs.300 million agreement with a Chinese business delegation to export soyabean meal to Yunnan province.The agreement was signed after an interactive ... Read more...

Posted in Uncategorized |

India Inc., NRIs react to Pranab’s budget


February 28th, 2011 - 10:21 pm ICT by IANS
Mumbai, Feb 28 (IANS) Top industrialists, businessmen and NRIs Monday reacted to the federal budget presented by Finance Minister Pranab Mukherjee. Here are some of the comments: * Y.C. Deveshwar, chairman, ... Read more...

Posted in Business |

ITC safeguards Nepal operations with new plant


January 27th, 2011 - 2:27 pm ICT by IANS
Kathmandu, Jan 27 (IANS) As Nepal's southern plains, where the factories of most major Indian joint ventures are located, continue to be racked by violence and strikes, Indian tobacco major ITC Ltd ... Read more...

Posted in Business |

ITC quarterly profit rises by 21.41 percent


January 21st, 2011 - 6:06 pm ICT by IANS
Mumbai, Jan 21 (IANS) Diversified conglomerate ITC Ltd Friday reported a 21.41 percent increase in the net profit at Rs.1,389.08 crore for the quarter that ended Dec 31, 2010, as against Rs.1,144.17 ... Read more...

Posted in Business |

ITC Ltd Q4 profit up by 27.1 percent


May 21st, 2010 - 10:25 pm ICT by IANS
Kolkata, May 21 (IANS) Cigarettes-to-hotels major ITC Ltd posted a net profit after tax of Rs.1,028.22 crore for the quarter ended March 31, 2010 as compared to Rs.808.99 crore for the quarter ... Read more...

Posted in Business |

Sensex closes below 17,000 points (Roundup)


November 18th, 2009 - 6:51 pm ICT by IANS
Mumbai, Nov 18 (IANS) A key index of the Indian equities markets slipped 52 points Wednesday to close below the 17,000-point mark amid selling pressure and weak cues from Asian markets. The ... Read more...

Posted in Business |

Judge quits hearing ITC case citing conflict of interest


November 16th, 2009 - 8:58 pm ICT by IANS
New Delhi, Nov 16 (IANS) Justice S.H. Kapadia, the second seniormost judge of the Supreme Court, Monday quit hearing a case involving ITC Ltd. on the ground that he owns some shares ... Read more...

Posted in Business |

Bombay stock exchange Sensex rises 208 points in opening trade


November 6th, 2009 - 1:45 pm ICT by ANI
Mumbai, Nov 6 (ANI): The Bombay Stock Exchange benchmark Sensex today soared by 208 points in early trade on continued buying by funds, driven mainly by the firming global trends after ... Read more...

Posted in Business |

Sensex closes 388 higher on global cues (Roundup)


August 24th, 2009 - 9:47 pm ICT by IANS
Mumbai, Aug 24 (IANS) Indian equities markets surged Monday on strong global trends, with a key index ending trade 388 percent higher than its previous close. The 30-scrip sensitive index (Sensex) ... Read more...

Posted in Business |

ITC discontent over land acquisition in Bengal


July 25th, 2009 - 12:33 am ICT by IANS
Kolkata, July 24 (IANS) Fast moving consumer goods major ITC Ltd., which has been scouting for land in West Bengal for quite some time has expressed its discontent over not getting land ... Read more...

Posted in Business |

ITC plans greenfield paper plant, major hotel expansion


July 24th, 2009 - 10:00 pm ICT by IANS
Kolkata, July 24 (IANS) Tobacco-to-hotels major ITC Ltd is planning to set up a $1-billion greenfield paper plant and expand its hotel business, a top company official said here Friday. "We are looking ... Read more...

Posted in Business |

ITC not to make takeover bid on East India Hotels


July 24th, 2009 - 5:43 pm ICT by IANS
Kolkata, July 24 (IANS) Tobacco-to-hotels major ITC Ltd will not make any takeover bid on East India Hotels, a top company official said here Friday. ITC, through its wholly-owned investment arm Russell Credit ... Read more...

Posted in Business |

ITC recruited more graduates during slowdown


June 19th, 2009 - 4:31 pm ICT by IANS
Kolkata, June 19 (IANS) Tobacco and fast moving consumer goods (FMCG) giant ITC Ltd has recruited more management graduates during the economic slowdown than it normally does, without retrenching any of its ... Read more...

Posted in Business |

ITC garments factory in Nepal shuts down after labour trouble


May 29th, 2009 - 4:20 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, May 29 (IANS) Indian tobacco major ITC's NRS 250 million, state of the art garments factory in southern Nepal has been shut down indefinitely due to security concerns after ... Read more...

Posted in Business |

Tatas, SBI, Infosys among world’s top 50 reputed firms


May 9th, 2009 - 11:17 am ICT by IANS
By Arun Kumar Washington, May 9 (IANS) The Tata Group, State Bank of India (SBI) and Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list ... Read more...

Posted in Business |

Fortune Inn opens in Noida


April 10th, 2009 - 8:03 pm ICT by IANS
Noida, April 10 (IANS) Fortune Park Hotels, a wholly-owned subsidiary of ITC Ltd, Friday opened its second property in Noida after one in Gurgaon and intends to come up with five more ... Read more...

Posted in Business |

Young designers showcase talent at ‘The Debut’


March 12th, 2009 - 9:17 pm ICT by IANS
New Delhi, March 12 (IANS) Their designs inspired by puppets, flowers and even ragpickers left a lasting impression on the audience at The Debut, a contest highlighting India's young fashion talent. This year, ... Read more...

Posted in Life Style |

GDP prediction fails to influence markets (Lead)


February 9th, 2009 - 1:34 pm ICT by IANS
Mumbai, Feb 9 (IANS) Indian equities markets were up from opening levels Monday but trade remained fairly quiet as the central government announced estimates of economic growth at 7.1 percent, higher than ... Read more...

Posted in Uncategorized |

IITians command $885 bn budgetary responsibility worldwide


November 24th, 2008 - 10:20 pm ICT by IANS
Chennai, Nov 24 (IANS) The alumni of the seven Indian Institutes of Technology (IITs) now in senior positions in industry and government across the world have a total budgetary responsibility of $885 ... Read more...

Posted in Business |

Bears prevail again, key index ends below 9,000 (Roundup)


November 19th, 2008 - 7:27 pm ICT by IANS
Mumbai, Nov 19 (IANS) Despite staying in positive territory throughout the morning, Indian equities markets Wednesday again came under selling pressure to end the day in the red with a key index ... Read more...

Posted in Business |

ITC Infotech’s revenue growth may dip in second half


November 11th, 2008 - 7:09 pm ICT by IANS
Kolkata, Nov 11 (IANS) The revenue growth of ITC Infotech Ltd, a wholly-owned subsidiary of ITC Ltd, may dip in the second half this fiscal due to the economic meltdown in the ... Read more...

Posted in Sci-Tech |

Equities surge, key index tops 10,000 mark again (Roundup)


November 10th, 2008 - 6:39 pm ICT by IANS
Mumbai, Nov 10 (IANS) Indian equities markets opened strong Monday and steadily gained throughout the day to end in the green with a key index gaining by more than 500 points to ... Read more...

Posted in Business |

ITC net profit up 4.1 percent


October 24th, 2008 - 9:15 pm ICT by IANS
Mumbai, Oct 24 (IANS) ITC Ltd, which has diversified interests in tobacco products, fast moving consumer goods (FMCG) and hospitality business posted a net profit of $178.4 million for the second quarter ... Read more...

Posted in Business |

Jitters continue, Indian equities markets close in red (Roundup)


October 22nd, 2008 - 6:52 pm ICT by IANS
Mumbai, Oct 22 (IANS) After two successive days of gains, Indian equities markets once again closed in the red Wednesday following weak global cues and general nervousness, analysts said.The benchmark 30-share sensitive ... Read more...

Posted in Business |

3rd Global Tobacco Treaty Action Guide 2008 released


September 29th, 2008 - 1:20 am ICT by admin
By Bobby RamakantThe 3rd edition of the "Global Tobacco Treaty Action Guide 2008: Protecting Against Tobacco Industry Interference" was released earlier this week in many countries including India, during International Week of ... Read more...

Posted in Health, Health Science |

ITC challenges smoking ban`


September 24th, 2008 - 9:24 pm ICT by IANS
New Delhi, Sep 24 (IANS) ITC Ltd Wednesday approached the Delhi High Court challenging the central government's notification that slapped a ban on smoking in all public places and other establishments from ... Read more...

Posted in Uncategorized |

Sensex ends gaining streak, loses 292 points (Roundup)


August 12th, 2008 - 6:23 pm ICT by IANS
Mumbai, Aug 12 (IANS) Indian equity markets ended their five-day gaining streak and closed with a deep cut following disappointing index for industrial production (IIP) numbers and weak European markets. India's industrial ... Read more...

Posted in Business |

Parsvnath to build four star hotel in Lucknow


August 6th, 2008 - 5:32 pm ICT by IANS
New Delhi, Aug 6 (IANS) Leading real estate firm Parsvnath Developers will set up a four star hotel in Lucknow as part of its plans to enter the hospitality sector, the company ... Read more...

Posted in Business |

ITC net drops 4.3 percent to Rs.7.5 bn


August 4th, 2008 - 7:55 pm ICT by IANS
Kolkata, Aug 4 (IANS) The net profit of Kolkata-based ITC Ltd, which has interests in tobacco, paper, hospitality and agri-products, dropped 4.3 percent to Rs.7.49 billion in the first quarter of the ... Read more...

Posted in Business |

ITC to invest Rs.3 billion in food processing unit


April 15th, 2008 - 8:54 pm ICT by admin
Kolkata, April 15 (IANS) India's leading tobacco company, ITC Ltd, will invest Rs.3 billion ($75 million) to set up an integrated food processing unit in West Bengal, a company spokesperson said here ... Read more...

Posted in Business |

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