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Mcap of 7 of top-10 most-valued firms erode by Rs 1.16 lakh crore; HDFC Bank biggest laggard

Mcap of 7 of top-10 most-valued firms erode by Rs 1.16 lakh crore; HDFC Bank biggest laggard

Sun, Jan 28, 2024

The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore.

Ram Temple in Ayodhya to lead infra-driven growth for tourism with over 50 million visitors a year: Jefferies

Ram Temple in Ayodhya to lead infra-driven growth for tourism with over 50 million visitors a year: Jefferies

Mon, Jan 22, 2024

Jefferies expects Ayodhya to beat Vatican City and Mecca, Saudi Arabia, in terms of footfall.

Apple to strip blood oxygen feature from some watch models after court ruling

Apple to strip blood oxygen feature from some watch models after court ruling

Thu, Jan 18, 2024

The ITC's import ban on Series 9 and Ultra 2 Apple Watches briefly went into effect on December 26.

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ITC rallies as GST council caps tax on tobacco and cigarettes

ITC rallies as GST council caps tax on tobacco and cigarettes

Fri, Mar 17, 2017

Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."

IIM Calcutta 2017 batch registers 100% placement in 3 days; Finance sector leads the offers made at 29%

IIM Calcutta 2017 batch registers 100% placement in 3 days; Finance sector leads the offers made at 29%

Fri, Mar 03, 2017

IIM Calcutta's Post Graduate Diploma in Management program students of 2017 batch have registered 100% placement within three days with the highest international package amounting to 90,000 euros (Rs 63 lakh) per annum.

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Sun, Feb 19, 2017

An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500/1,000 notes led to adverse impact on businesses across the sectors, though not many have publicly criticised the move and the likes of Rajiv Bajaj are only an exception.

SUUTI's stake sale makes ITC share price jump over 5%

SUUTI's stake sale makes ITC share price jump over 5%

Tue, Feb 07, 2017

SUUTI had stake of 11.1% in ITC and after the 2% stake sale, it now stands at 9.1%.

ITC's Q3 net profit rises by 6% to Rs 2647 crore

ITC's Q3 net profit rises by 6% to Rs 2647 crore

Fri, Jan 27, 2017

The company reported net profit of Rs 2646.73 crore, a rise of 5.71% from Rs 2503.76 crore in the corresponding quarter of the previous. Also, the net profit was 5.86% up from Rs 2500.03 crore of the previous quarter.

ITC Q3 today: Demonetisation, cigarette sales key triggers

ITC Q3 today: Demonetisation, cigarette sales key triggers

Fri, Jan 27, 2017

Analysts added, "We model 5% yoy volume decline in cigarettes and 1% yoy growth in FMCG business; among other businesses, we model -15%, 5% and -7% growth in hotels, agri-business and paper boards respectively."

ITC to take MasterChef brand national with 'super safe' spices launch

Sun, Jan 15, 2017

Cigarettes to hospitality conglomerate, ITC is planning to launch 'super safe' spices in the last quarter of this fiscal year under the MasterChef brand, taking it national, a report by Business Standard said on Sunday.

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

Sun, Dec 25, 2016

Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with State Bank of India (SBI) reporting maximum losses, even as the benchmark Sensex lost 1.69%.

Biscuit sales down post demonetisation, says Parle Products

Biscuit sales down post demonetisation, says Parle Products

Sun, Dec 25, 2016

The demonetisation drive has eaten into the growth momentum of the biscuits sector, which has seen sales fall by up to 1.5 percentage points, according to market leader Parle Products.

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Sun, Dec 18, 2016

Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with Coal India Ltd (CIL) bringing up the maximum losses, as the benchmark Sensex lost nearly 1%.

Bidi tax to benefit cigarette manufacturers most?

Bidi tax to benefit cigarette manufacturers most?

Mon, Dec 12, 2016

The government had last week mulled over taxing these products under the pretext of making healthier lifestyle choices. This tax, if implemented may share some of the tobacco excise revenue of which 87% is currently paid by cigarette companies.

Will this upcoming cigarette trend be hitting Indian markets soon?

Will this upcoming cigarette trend be hitting Indian markets soon?

Tue, Dec 06, 2016

A healthier way to smoke has been invented and analysts are pondering over when this trend will be taking over Indian markets.

ITC to invest Rs 800 crore on food processing, hotel in Odisha

ITC to invest Rs 800 crore on food processing, hotel in Odisha

Thu, Dec 01, 2016

Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs 800 crore.

Top 6 companies take cumulative hit of Rs 57,015 crore in m-cap

Top 6 companies take cumulative hit of Rs 57,015 crore in m-cap

Sun, Nov 20, 2016

RIL saw a dip of Rs 4,508.29 crore to Rs 3,20,283.29 crore.

We will continue to sell premium cookies: Nikhil Sen, Unibic

We will continue to sell premium cookies: Nikhil Sen, Unibic

Tue, Nov 08, 2016

Nikhil Sen, Managing Director of Unibic Biscuits has seen a growth which is around two and half or three times more growth than what Britannia and ITC has seen over the last three years.

Sensex falls on fears drug makers may be charged in US probe

Sensex falls on fears drug makers may be charged in US probe

Fri, Nov 04, 2016

Indian shares fell to their lowest in nearly four months on Friday, led by drug makers, after Bloomberg reported that US prosecutors could file charges by year-end in a criminal investigation of generic makers over suspected price collusion.

SUUTI sells 1.63% stake in L&T for Rs 2100 crore

SUUTI sells 1.63% stake in L&T for Rs 2100 crore

Fri, Nov 04, 2016

Neeraj Kumar Gupta, secretary for Department of Investment and Public Asset Management, in New Delhi told reporters that the government had offered 1.5% of its stake in the company to investors but got offers for 1.63% stake.

ITC, VST, Godfrey jump as GST Panel sets tobacco rate at 65%

ITC, VST, Godfrey jump as GST Panel sets tobacco rate at 65%

Fri, Nov 04, 2016

Finance Minister Arun Jaitley led GST panel yesterday fixed the rate structure, under which they stated that tobacco will be taxed at 65% rate.

Domestic FMCG firms log more revenue than MNCs in FY16: Report

Domestic FMCG firms log more revenue than MNCs in FY16: Report

Mon, Oct 31, 2016

Country's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.

FMCG face low volume growth in Q2 FY17

FMCG face low volume growth in Q2 FY17

Thu, Oct 27, 2016

Second quarter did not prove to be much of a bright spot for the fast moving consumer goods (FMCG) industry as volume sales of top consumer product makers had marginally improved.

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