In an interview to CNBC-TV18, Sanjay Manyal, Research Analyst, ICICI Direct stressed that ITC's first quarter numbers clearly shows signs of a slowdown in cigarette sales volumes.
CNBC-TV18's Shereen Bhan asks ITC chairman YC Deveshwar if India Inc can revive economic growth if it advances its investment programme.
Sharekhan's FMCG analyst Kaustubh Pawaskar, explains to CNBC-TV18, that it was higher-than-expected other income that triggered growth in ITC's bottom-line.
ITC chairman Yogesh Chander Deveshwar clears some air about the increase in stake. In an interview to CNBC-TV18, he said that both EIH and Hotel Leela are treasury operations and it can go up to 25% in both the hotel companies.