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ITC is a constituent of two major stock market indices of India: BSE SENSEX and NIFTY 50 of NSE. [26] In July 2023, ITC Limited's board of directors approved the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [27] The demerger came in to effect on 1 January 2025. [28]
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 million.
The Indian Standard Time was adopted on 1 January 1906 during the British era with the phasing out of its precursor Madras Time (Railway Time), [2] and after Independence in 1947, the Union government established IST as the official time for the whole country, although Kolkata and Mumbai retained their own local time (known as Calcutta Time and Bombay Time) until 1948 and 1955, respectively. [3]
National Stock Exchange of India; Type: Stock exchange: Location: Mumbai, Maharashtra, India: Founded: 27th November 1992: Owner: Various group of domestic and global financial institutions, public and privately owned entities and individuals [1] Key people: Ashishkumar Chauhan (MD & CEO) Currency: Indian rupee (₹) No. of listings: 2,671 (Dec ...
In 1802 Madras Time was set up by John Goldingham [7] and this was later used widely by the railways in India. [8] Local time zones were also set up in the important cities of Bombay and Calcutta and as Madras time was intermediate to these, it was one of the early contenders for an Indian standard time zone.
ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. ITC Hotels was a subsidiary of ITC Limited until its demerger in 2025. [2]
Bombay Time was one of the two official time zones established in British India in 1884. The time zone was established during the International Meridian Conference held at Washington, D.C. in the United States in 1884. It was then decided that India would have two time zones, Calcutta (now Kolkata), and Bombay (now Mumbai).
India does not observe daylight saving time (DST) or other seasonal adjustments, although DST was used briefly during the Sino–Indian War of 1962, and the Indo–Pakistani Wars of 1965 and 1971. In certain time-zone maps, IST is designated as E*. Indian Standard Time is calculated on the basis of 82.5 °E longitude which just west of the town ...