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ITC Q1 net profit rises 16 per cent to Rs 5,180 crore

Consolidated revenue from operations declined 6 per cent to Rs 18,639.48 crore ....

Hotels Business , Average Room Rate , Segment Revenue , Itc Latest News , Itc Share Price , Itc Share Price Target , Tcq 1 Profit ,

ITC board in-principle approves demerger of hotel business; stock falls 4%

After the announcement, ITC's shares tanked around 3.50 per cent, as around 3 pm, the company's stock was trading at Rs 473.15. ....

Indian Tobacco Company , Hotels Business , Itc Ltd , Itc Latest News , Itc Hotel Business , Itc Hotel Business Demerger , Itc Demerger News , Tc Hotel Biz Demerger ,

ITC dips 3% on profit booking as govt drafts law to raise legal smoking age

Shares of ITC fell 3 per cent to Rs 204 on the BSE on Wednesday as investors booked profit after the government prepared a bill to raise the age for allowing sale of cigarettes and tobacco products to 21 years from the current 18 years. The stock was the top loser among S&P BSE Sensex and Nifty50 index, which were down a little less than 1 per cent, at 02:21 pm.
The counter has seen huge activities with trading volumes more-than-doubling. A combined 41.9 million equity shares of ITC have changed hands on the NSE and BSE, so far.
The central government, through the proposed Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Amendment Act, 2020, seeks to raise the minimum age limit for sale of cigarettes and tobacco products from 18 years to 21 years, and restrict their sale within 100 meters of any educational institution. ....

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