New FMCG Billionaires Pack A Punch
Homegrown brands take to diversification, digitisation to clock impressive numbers.
Homegrown brands take to diversification, digitisation to clock impressive numbers.
Starting October 1, 2024, this feature will help taxpayers streamline, manage, and correct invoices, thereby improving the accuracy of Input Tax Credit (ITC) claims.
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
During the quarter under review, the company’s revenue from operations stood at ₹19,446 crore, as against ₹19,058.29 crore in the same period last year, down 1.9%.
ITC Infotech India, a subsidiary of ITC, has entered into a deal to acquire Blazeclan Technologies for ₹485 crore.
Sustainability takes centre stage as businesses combine economic and ESG goals.
British American Tobacco (BAT), ITC's largest shareholder, was reportedly looking to sell 43.7 crore shares, or 3.5% stake, in the company via a block deal, which would fetch ₹17,491 crore.
Last month, British tobacco giant had said that it would pursue all opportunities to enhance balance sheet flexibility including regular review of its stake in ITC.
Shares of ITC drop 5% as British American Tobacco reviews its stake.
Hotels business was a stand-out contributor, followed by FMCG, while paperboard and agri remained under severe pressure.