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ITC Limited is an Indian conglomerate, headquartered in Kolkata. [9] It has a presence across six business segments, namely FMCG , agribusiness , information technology , paper products , and packaging . [ 10 ]
Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion. [14] [15] [16] On 1 January 2025, the ITC Hotel demerger officially came into effect. Shareholders of ITC were allotted one share of ITC Hotels for every 10 shares of the parent company. [17] [18] [19]
Gains from lower net finance costs and share count were partly offset by our reduced share of ITC profits and tax. The underlying tax rate was 24.9% and we expect around 25% in 2025 based on ...
The bull hits because of the rate cut of 50 bit/s in the discount rate by the Fed chief Ben Bernanke. 17,000, 26 September 2007- On 26 September 2007, the SENSEX crossed the 17,000 mark for the first time, creating a record for the second fastest 1000 point gain in just 5 trading sessions. It failed however to sustain the momentum and closed ...
Shares were mixed in Asia on Tuesday after the Dow Jones Industrial Average set a record as Wall Street geared up for Federal Reserve’s most anticipated meeting in years. Tokyo’s Nikkei index ...
ITC Midwest LLC has transmission systems in portions of Iowa, Minnesota, Illinois and Missouri. This subsidiary was created on December 20, 2007 with ITC's acquisition of Interstate Power and Light Company's transmission system. [4] ITC Midwest owns and operates 6,600 circuit miles of transmission lines with 262 stations and substations. [8]