ITC Q2 profit jumps 10% to ₹4,927 cr
The tobacco-to-hotel conglomerate's revenue from operations stood at ₹17,705.08 crore.
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Will ITC Hotels' demerger unlock value for shareholders?
ITC Hotels' demerger is expected to be completed by Sep'24, while the listing of the new entity is expected to take place in Nov'24.
ITC Q1 results: Standalone profit rises 17.6% to ₹4,902 cr; revenue declines by 7.2%
During the quarter under review, the company’s standalone profit surged 17.6% year-on-year (YoY) to ₹4,902.74 crore as against ₹4,169.38 crore in the same period last year.
Why ITC share is falling after hotel demerger announcement
Shareholders seemed to be unhappy with demerger ratio as they would not get one share against each share they are holding in ITC.
ITC board approves demerger of hotel biz
ITC will hold a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the company's shareholders
How ITC is using automation and data analytics for competitive advantage
The company has launched a listening engine, Sixth Sense, which tells what people are talking about. It listens to social conversations and picks up not just consumption trends but also concerns.
ITC share hits 4-yr high on robust Q1; should you buy, sell, or hold?
ITC posted 34% YoY growth in consolidated net profit at ₹4,389.76 crore in Q1 FY23; revenue from operations grew 37.2% to ₹20,152 cr
Hotels 2.0: Check into the new normal
One year after the pandemic, the experience of going to a hotel has radically changed. In order to forge ahead, hotels now have completely overhauled old business strategies, making them anew.
Lemon Tree charts a lean, mean, and light path
Covid-19 hasn’t dampened the spirit of Lemon Tree Hotels’ founder Patanjali Keswani. Instead, the hotelier sees this as an opportunity to expand, albeit via a more sustainable business model.
Luxury hotels for your summer holidays
A luxury holiday resort can be the perfect summer getaway. Here we bring you a list of some hotels to make your vacation memorable.
