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Headlines Tagged with ITC 608 headlines found

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[Asia] India's finance ministry says govt divests part of its stake in ITC to LIC of India

India's Ministry of Finance: Government has divested a part of its stake in ITC to Life Insurance Corporation of India .India's Ministry of Finance says government has received an amount of INR 66.82 billion from the transaction.
Reuters
added Mar 31, 2017 18:04
6 Views

[India] Govt High School violates COTPA: Activist Mysoremath

has presided over a school function organised for students of the Government High School at Doddabelaalu, Periyapattana taluk, Mysuru district, recently. “During the programme, India Tobacco Company (ITC) official, Taluk Panchayat member and Gram Panchay
citytoday (in)
added Mar 9, 2017 21:04
12 Views

[Asia, India] Bad news for smokers: ITC to hike cigarette prices by about 4% across brands, says report

You may have to shell out extra bucks from your pocket to buy cigarettes from now on. ITC on Wednesday said that it will hike prices of cigarettes by about 4% across brands, sources told ET Now. “ITC has hiked prices of premium cigarette brands by 8-9%, t
Financial Express (in)
added Feb 8, 2017 16:30
6 Views

[Asia, India] ITC beats street buzz, Q2 net up 10.5% on tobacco biz

Beating street estimates, ITC Ltd posted an increase of 10.49% in its net profit at Rs 2500.03 crore for the quarter ended September 30, 2016 even as the company managed higher profitability from its cigarette business, while the loss from the other FMCG
Business Standard (in)
added Oct 27, 2016 00:59
10 Views

[Asia, India] Cigarettes Boost ITC's Second Quarter Performance

ITC Ltd.’s profit in the July to September quarter rose 10.5 percent as cigarette sales increased 7 percent. Net profit rose to Rs 2,500 crore from Rs 2,262.5 crore in the same quarter last year, according to financial results posted on the exchanges. T
Bloomberg News
added Oct 26, 2016 15:07
7 Views

[Asia, India] Growth of tobacco business good for shareholders: ITC chief Y C Deveshwar

"Some shareholders are saying that growth of the tobacco business should be less while that of others (non-tobacco) should rise. That is not the objective", Deveshwar said at the company's AGM here. (Reuters) “Some shareholders are saying that growth o
Financial Express (in)
added Jul 22, 2016 23:35
8 Views

[Asia, India] ITC Q1FY17: Cigarette volume sales up 3% in June quarter, best in 3 years

ITC Limited, which has interests in cigarettes, hotels, agriculture and paperboards, reported 3 percent volume growth in cigarette sales for the June 2016 quarter, the highest since Q4, 2013.The company derived about 63 percent of its total operating reve
IBT - International Business Times
added Jul 22, 2016 18:57
3 Views

[Asia] BUZZ-India's ITC gains; cigarette sales boost Q1 results

** ITC Ltd shares up as much as 2.2 pct after higher Q1 results on Thursday ** Stock is top pct gainer on NSE index ** India's biggest cigarette maker posts over 10 pct rise in Q1 net profit at 23.85 bln rupees ($355.1 mln)
Reuters
added Jul 22, 2016 18:56
22 Views

[Asia] India cigarette maker ITC's CEO Deveshwar to step down next year

ITC's board had "strongly urged" Deveshwar to continue as CEO, but he wanted the company to have a younger leader, according to a regulatory filing on Tuesday. The company did not name a successor to Deveshwar. Deveshwar, 69, joined ITC in 1968, accordi
Reuters
added Jun 21, 2016 19:30
15 Views

[Asia, India] ITC: Uptick in cigarette volumes aids Q4 show

Govt should not terrorise cigarette buyers, says ITC chief Deveshwar Flattish growth in cigarette volumes, estimated at 0-2 per cent, was a key surprise in ITC’s March quarter (Q4) results, given that expectations were of a three-four per cent decline. Th
Business Standard (in)
added May 20, 2016 20:00
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