Shares of cigarettes-to-hotel conglomerate ITC Ltd fell nearly 3% on Wednesday, after the company warned that lockdown restrictions could cause disruptions in its supply chain in the near future.
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ITC Ltd on Thursday reported a consolidated net profit of Rs 3,587.20 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 4,047.87 crore during the October-December period of the previous fiscal, ITC said in a regulatory filing.
The tax department has alleged that online food delivery giant Swiggy and Walmartbacked Flipkart’s logistics arm Instakart relied on fake manpower supply to utilise input tax credit (ITC) and evade GST, senior government sources said.
The income tax (I-T) department conducted surveys at Flipkart Group’s firm Instakart and food delivery company Swiggy in connection with an alleged bogus input tax credit (ITC) connected to an external vendor, sources informed on Thursday.
Snapping its 10-session winning run, equity benchmark Sensex tumbled 264 points on Wednesday, dragged by losses in Reliance Industries, ITC and Infosys.
Diversified business entity ITC Ltd on Sunday said it will fully acquire spices manufacturer Sunrise Foods Private Ltd (SFPL). While the company did not disclose the value of the deal, sources said it is valued around Rs 1,800 crore to Rs 2,000 crore.
Consumer goods giant ITC has warned some workers of disciplinary action and pay cuts for missing work during the coronavirus crisis, prompting a showdown with at least two unions, letters from both parties show. The problems at ITC food plants in Pune in Maharashtra and in Karnataka underscore labour issues facing firms in India, where … Continue reading ITC faces union backlash over corona work warnings
Capacity utilisations would revert to reasonable levels in a quarter for hotels-to-FMCG major ITC, which is currently engaging teams to reimagine the future and scenario planning to tackle the adverse impact of Covid-19 on business.
Top gainers in the sensex pack include Tata Steel, Ultracemco, Axis Bank, ITC, SBI and IndusInd Bank — with their shares rising as much as 2.39 per cent. All 30 stocks were trading in green.
FMCG(fast-moving consumer goods) major ITC on Friday reported a 29.03 per cent increase in its consolidated net profit at Rs 4,047.87 crore for the third quarter ended Dec 2019. The company had posted a net profit of Rs 3,136.95 crore in the Oct-Dec quarter of the previous fiscal. Net sales during the quarter under review … Continue reading ITC Q3 net profit jumps 29% at Rs 4,047.87 crore
Market benchmark sensex rallied 231.80 points on Wednesday, driven by gains in index heavyweights HDFC Bank, ITC, RIL and Infosys. The 30-share BSE index settled 231.80 points, or 0.57 per cent, higher at 41,198.66. It hit an intra-day high of 41,334.86 and a low of 41,108.19.
The combined market valuation of seven of the top-10 domestic firms rose by Rs 32,020.12 crore last week, with HDFC Bank and RIL emerging as the biggest gainers. TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, … Continue reading Seven of top-10 firms add Rs 32,020 crore in m-cap