ITC

  • ITC replaces TCS as India's most admired company August 24, 2014

    New Delhi: Tobacco-to-FMCG conglomerate ITC has replaced Tata group's IT giant TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. ...
  • Indian Railways to improve menu on premium trains, regional food to be introduced August 8, 2014

    New Delhi: Those thinking of travelling in trains can soon enjoy a plate of chicken chettinad, dhokla or chila in Rajdhani, Shatabdi and Duronto. The Indian Railways is planning to introduce a new catering policy for the Rajadhani, Shatabdi and Duranto and the menu will be split region wise into...
  • Ratan Tata hits back at Amit Mitra, asks him to show industrial development in West Bengal August 7, 2014

    Kolkata: Tata Sons Chairman Emeritus Ratan Tata on Thursday clarified his remarks on the lack of industrial development in West Bengal and said that he never spoke of it in state-only view while reacting to West Bengal Industries Minister Amit Mitra's statement criticising him. "My comments yesterday referred to my drive...
  • Railways plan to improve food quality; Haldirams, ITC to supply on some trains soon August 7, 2014

    New Delhi: The Indian Railways will soon begin trials of better quality food on certain trains. Food chain Haldirams will supply food in the Karnataka Express and Paschim Express, which will be vegetarian. For the Bangalore-Ahmedabad Express, ITC will supply both vegetarian and non-vegetarian food. Based on passenger feedback, this...
  • ITC eyes Telangana for paper unit; Microsoft to expand operations July 14, 2014

    Hyderabad: Diversified group ITC today expressed willingness to set up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move,...
  • ITC Q4 net profit up 18 per cent, sales volumes fall May 23, 2014

    Mumbai: India's biggest cigarette maker, ITC Ltd, said its fourth-quarter net profit grew 18 per cent, beating estimates, as price hikes and a pick-up in low-cost cigarette consumption boosted margins, even as sales volumes fell. The company, nearly 25 per cent-owned by British American Tobacco, said in a statement net profit...
  • Sensex, Nifty inch up to new peaks for 4th day; RIL falls May 20, 2014

    Mumbai: The benchmark Sensex on Monday gave up early gains and inched up about 14 points to end at fresh closing high for the fourth day in a row, amid signs of profit booking in recent gainers like RIL, ONGC and Coal India. In volatile trade, the 30-share index opened strong...
  • Sensex surges nearly 257 points to end at 21,289.49 January 15, 2014

    Mumbai: All-round buying after wholesale inflation declined to a five-month low lifted the benchmark Sensex today by nearly 257 points to its highest level since December 9 on hopes the RBI will lower interest rate to boost economic growth. The NSE barometer Nifty also jumped over 79 points to reclaim the 6,300-point...
  • Sensex falls 37 points in the third day of losses; IT stocks shine January 3, 2014

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of lower...
  • Infosys close to getting biggest weighting in Sensex December 20, 2013

    Infosys Ltd is poised to overtake ITC Ltd as the stock with biggest weighting in the benchmark BSE Sensex and broader Nifty. Infosys weighting in the BSE Sensex currently stands at 9.70 per cent, only 15 basis points away from 9.85 per cent for ITC, Thomson Reuters Data shows. In the Nifty,...
  • TCS, ITC biggest wealth creators during 2008-2013: Study December 14, 2013

    Software major Tata Consultancy Services (TCS) has emerged as the biggest wealth creator over the past five years, while Reliance Industries and RCom top the list of companies where investors lost the most in terms of market capitalisation, says a study. A wealth creation study conducted by financial services company Motilal...
  • US ITC finds Samsung violated Apple patents, issues import ban August 10, 2013

    New York: Apple won a partial victory in its long-running patent dispute with Samsung on Friday when a federal administrative panel found Samsung in violation of two Apple patents and blocked imports of some Samsung devices. Even as the US International Trade Commission found Samsung in violation of the two patents,...
  • Obama administration overturns ban on some Apple iPhones, iPads August 4, 2013

    Washington: The Obama administration has overturned a US trade panel's ban on the sale of some older iPhones and iPads, reversing a ruling that had favoured Samsung Electronics Co Ltd over Apple Inc in their long-running patent battles. The US International Trade Commission in June banned the import or sale of...
  • US ITC delays word on whether Samsung infringes Apple's patents August 3, 2013

    Washington: The US International Trade Commission said it would delay a decision on whether some mobile phones and tablets made by Samsung Electronics Co Ltd infringe on Apple Inc's patents. The decision had been expected on Thursday but was put off until August 9. No reason was given for the delay. The...
  • RIL overtakes ONGC to become second most valued company June 19, 2013

    Mumbai: Reliance Industries on Tuesday toppled state-run oil major ONGC to become the country's second most valued firm after TCS. Shares of ONGC on Tuesday fell by 1.47 per cent, bringing its market valuation down to Rs 2,63,466 crore, which was lower than RIL's m-cap of Rs 2,66,548 crore at...
  • Apple found guilty of infringing Samsung patent on some iPhones, iPads June 5, 2013

    Washnington: Samsung Electronics scored a point on Tuesday over global rival Apple Inc in their long-running battle over mobile device patents. A US trade body found the Silicon Valley giant had infringed on a patent owned by the Korean company and slapped a ban on the sale of certain older iPhone...
  • ITC says Microsoft did not violate Google patent May 24, 2013

    Washington: Microsoft Corp won a round in a complex patent war on Thursday when the International Trade Commission said the company's popular Xbox entertainment system did not violate a patent owned by Google subsidiary Motorola Mobility. If the ITC had found that Microsoft infringed, it could have barred the Xbox from...
  • ITC reaffirms commitment to invest Rs 3,000 cr in Bengal December 12, 2012

    Kolkata: Cigarette-to-hotel conglomerate ITC Ltd chairman YC Deveshwar called on West Bengal Chief Minister Mamata Banerjee on Tuesday and "reaffirmed" the group's commitment to invest Rs.3,000 crore in the state in the next three to five years, a company official said. In the half-hour meeting at the state secretariat, Banerjee "assured"...
  • ITC to invest Rs 500 cr in food, logistics hub in WB July 27, 2012

    Kolkata: Diversified conglomerate ITC Limited would invest around Rs 500 crore for setting up an integrated food and logistics hub at Uluberia in Howrah district in West Bengal. ITC chairman YC Deveshwar said that the hub would come up on 57 acres of land in the...
  • ITC Q1 net up 20 pc to Rs 1,602 crore July 26, 2012

    New Delhi: Cigarettes to FMCG and hotels major ITC's profit after tax grew a tad higher than expected by 20.2 per cent year-on-year to Rs 1,602 crore in the quarter ended June 2012 while analysts on an average had expected around Rs 1,581 crore. Net sales rose by 15 per cent...
  • Is the government investing in companies that are in the tobacco business May 31, 2012

    Anti-tobacco groups are questioning the nexus between government and tobacco majors. ...
  • Govt-run firms violate anti-tobacco treaty June 1, 2012

    New Delhi: On World No Tobacco Day, CNN-IBN has accessed an RTI query that shows that government run firms have invested in companies like ITC and VST that depend majorly on tobacco for profits. This is in violation of an international treaty India signed in 2004. Anti-tobacco groups are questioning...
  • Govt-run firms violate treaty for tobacco control June 1, 2012

    New Delhi: It's world no tobacco day and CNN-IBN has accessed an RTI query that shows government-run firms have invested in companies like ITC and VST that depend primarily on tobacco for profits. This is in violation of an international treaty India signed in 2004. Anti-tobacco groups are questioning the nexus...
  • RIL regains most influential stock status May 8, 2012

    Mumbai: Reliance Industries on Tuesday reclaimed its position as the most influential stock on the BSE benchmark index Sensex, pushing FMCG major ITC to the second slot. ITC had dethroned Reliance Industries (RIL) from the top position on Monday. However, its leadership position proved to be short-lived and it slipped to...
  • Don't spread negativity: ITC Chairman cautions India Inc April 19, 2012

    ITC Chairman YC Deveshwar said business leaders shouldn't spread negativity as it affects economic growth. ...
  • ITC topples RIL as most influential stock April 17, 2012

    Mumbai: FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market's index Sensex, RIL slipped to the second position after ITC. At close on Tuesday, ITC grabbed the top slot in terms of...
  • 'Tata Steel India's most admired company' March 6, 2012

    New Delhi: Tata Steel has topped a list of India's 50 most admired companies, while four other companies from the steel-to-software conglomerate Tata group have also made to the first such rankings. However, the first such list for India, compiled by business magazine Fortune and global management consultancy Hay Group, has...
  • Apple did not infringe HTC technology: ITC February 18, 2012

    California: Apple Inc did not infringe patented technology owned by Android phonemaker HTC Corp, the US International Trade Commission said on Friday, the latest ruling in the wide-ranging smartphone patent wars. The complaint - one of several the two companies have filed against each other - is a proxy for the...
  • 'India may borrow $ 9.5 bn by pledging assets' December 22, 2011

    Mumbai: India plans to borrow up to Rs 5 lakh crore ($ 9.5 billion) by pledging property and shares to bridge the government's budget deficit, Bloomberg reported on Thursday, citing unnamed government officials. Shares in companies such as cigarette-to-hotels group ITC, engineering conglomerate Larsen & Toubro and Axis Bank held by...
  • CJ: Hotel converts MCD parking for personal use January 20, 2012

    Citizen Journalist Shefali Sewak took on the ITC Sheraton for converting the MCD parking area for personal use. ...