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profit | ITC posts 0 98 per cent drop in profit in fourth quarter of FY24

profit | ITC posts 0 98 per cent drop in profit in fourth quarter of FY24
telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.

Supratim duttaSumant bhargavanItc ltd

ITC share price: BAT unlikely to bat on the board of ITC s hotels biz

ITC s hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC s promoter holding of 39.93%. BAT s chief executive Tadeu Marroco stated last December that ITC s hotel business was not an area of interest for the British tobacco maker.

United kingdomSupratim duttaSunil panrayAtul singhTadeu marrocoHotels biz et bureauDeloitte haskins sellsSanjiv puriDeloitte haskinsItc share priceItc hotelsBoard representationHotel businessBoard positionMerchant bankerItc demerger

ITC allocating 35-40% of capex for building large future-ready non-cigarette FMCG biz

ITC allocating 35-40% of capex for building large future-ready non-cigarette FMCG biz
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Supratim duttaFinancial analystsManaging director sanjiv puriExecutive directorChief financial officer

India Inc rides merger-demerger wave

Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.

Anil agarwalSupratim duttaAbhilash pagariaAmit tandonUttam ghosh rediffReliance industriesInstitutional investor advisory services indiaVedanta ltdTata steelVedanta resources ltdJio financial servicesCorporate indiaVedanta resourcesBusiness newsUsiness news indiaNdia business news

Sanjiv Puri | ITC officials mount defence of move to demerge hotel business from Rs 72,000 crore tobacco-to-hotels conglomerate

Whole objective is to ensure that new entity grows faster than the past, says Sanjiv Puri

Supratim duttaHotels ltdSanjiv puri

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