When it comes to smoking, women join the pack
May 25, 2013 at 20:12 | Source:
Sunanda (name changed) lit up her first cigarette at 23. It seemed like the easiest way to unwind at the end of a stressful day at her workplace. Three years on, she is hooked; she now finds she cannot go a whole day without smoking at least five ci...
Brokerages bullish on ITC, analysts give a buy recommendation
May 23, 2013 at 12:15 | Source:
MUMBAI: ITC, Asia's second largest tobacco company by market value and one of the heavyweights on the Nifty index with over 9% weightage, is one of the most expensive stocks on Dalal Street, trading at over 37 times its price-to-earnings ratio. The h...
BSE Sensex closes weak; investors shun realty, cap goods
May 22, 2013 at 18:57 | Source:
Benchmark indices drifted lower Wednesday, as buyers chose to await cues from the US Federal Reserve before deciding on the next course of action. Renewed weakness in the rupee and tepid fourth quarter earnings from engineering major Larsen Toubro w...
Sanjay Dutt: India Bollywood actor moved to Pune's Yerwada jail
May 22, 2013 at 10:22 | Source:
Bollywood star Sanjay Dutt has been moved to Pune's Yerwada jail where he will finish his sentence for firearms offences linked to blasts which killed 257 people in Mumbai in 1993. The actor gave himself up last week and was initially housed in ...
Ireland rejects blame for Apple's low tax rate
May 21, 2013 at 23:30 | Source:
CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's (AAPL.O) low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in p...
Technology makes tobacco sales simpler but growers feel lost
May 21, 2013 at 22:27 | Source:
The Hindu BusinessLine
Rajahmundry/Hyderabad, May 21: Tobacco farmers, for long, have been mute spectators at auction sites. Price-fixing by cartels has sidelined their role in the trade. But today, they are equipped with technology that combines the power of mobility and...
ITC expands portfolio with India's first couple deodrant Engage
May 21, 2013 at 17:40 | Source:
KOLKATA: Consumer goods-to-hotel conglomerate ITC on Tuesday expanded its deodorant portfolio it entered last year by venturing into a new sub-segment -- couple deodorant, under a new brand Engage. ITC officials say Engage is the first range of coupl...
ITC launches deodorants range
May 21, 2013 at 17:05 | Source:
KOLKATA: Consumer goods-to-hotel conglomerate ITC on Tuesday expanded its deodorant portfolio it entered last year by venturing into a new sub-segment -- couple deodorant, under a new brand Engage. ITC officials say Engage is the first range of coup...
Coming up next, ITC as India's #2 FMCG player
May 21, 2013 at 08:20 | Source:
Twelve years after entering the fast-moving consumer goods business, cigarette major ITC has steered it into the black. That s no mean feat, say analysts, because gestation periods are long in the business under normal market conditions and longer g...
Despite curbs, China's vast hot money triangle flourishes
May 20, 2013 at 16:50 | Source:
ZHUHAI: In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling h...
Strong cigarette volumes keep ITC shares ticking
May 20, 2013 at 14:00 | Source:
Shares in ITC, India's biggest cigarette maker, bounced back on Monday after most analysts gave thumbs up to the company's March quarter earnings reported on Friday. ITC makes four out of every five cigarettes sold in India ITC shares...
HSBC downgrades ITC to neutral post Q4 results
May 20, 2013 at 13:17 | Source:
NEW DELHI: HSBC has downgraded ITC from 'overweight' to 'neutral' rating but has marginally upped price target from Rs 358 earlier to Rs 365, the brokerage arm of the global bank said in a report. At 10:20 a.m.; ITC was trading 1.1 per cent higher a...
Bigger FMCG footprint best bet for ITC
May 19, 2013 at 04:17 | Source:
MUMBAI: ITC's performance in the quarter to March reinforces the fact that while the cigarettes division drives the company's earnings and margins, the other business segments - hotels, paper and agri business - erode margins. The strong performance...
ITC: FMCG turns the corner
May 18, 2013 at 21:36 | Source:
The Hindu BusinessLine
May 18, 2013: ITC’s sales were up 21 per cent for the March 2013 quarter while net profits rose 19 per cent. But ITC has been posting such healthy growth in sales and profits for several quarters now. What makes the March 2013 quarter stand ou...
ITC tastes first non-tobacco profit as Q4 net rises 19% to Rs1,928 crore
May 18, 2013 at 21:02 | Source:
Diversified consumer goods major ITC Ltd has reported a 19.42 per cent increase in its fiscal fourth quarter (January-March 2013) net profit at Rs1,927.98 crore, against a net profit of Rs1,614.36 crore for the quarter ended March 2012. ITC also rep...
BSE Sensex edges lower, Ambuja Cements, Grasim Industries shares jump
May 18, 2013 at 17:37 | Source:
India's main index the BSE Sensex was down 0.09 percent while the broader NSE Nifty index fell 0.07 percent as banks get hit by profit-booking after a strong rally this week. Shares in India's cement companies such as Ambuja Cements Ltd and Grasim I...
ITC net up 19.4% on growth in FMCG biz
May 18, 2013 at 16:17 | Source:
Net rises to R1,927 crore; non-cigarette FMCG sector attains break-even during the fourth quarter ITC�s net profit for the quarter to March 2013 fiscal grew 19.4% year-on-year to R1,927 crore from R1,614.36 crore during the corresponding period th...
IPL Spot fixing; more matches, teams, players under scanner
May 18, 2013 at 11:16 | Source:
NEW DELHI: The stench of the fixing scandal involving three IPL players just got bigger. As Delhi Police special cell officers carried out sustained interrogation of the three Rajasthan Royals players -- S Sreesanth, Ajit Chandila and Ankeet Chavan ...