Rural market recovery, steady volume growth in cigarette business will aid profitability
The hotel business has subpar return ratios compared to other businesses of ITC
Kishore Biyani remained unfazed by the challenging times. He is in fact confident that the business will grow more than two-fold by March 2014.
The company's shareholders have given a nod for the de-merger of its Chennai unit and the revenue from the de-merger is likely to be Rs 300 crore, says Uttam Bose, managing director and chief executive officer, Hindustan Motors.
Areva T&D has approved in principle de-merger of the distribution business to its wholly owned subsidiary, reports CNBC-TV18. It touched an intraday high of Rs 279.85 and an intraday low of Rs 274.55. At 10:00 hrs the share was quoting at Rs 278.55, down Rs 0.70, or 0.25%.