‘ITC keen to invest Rs 500 crore in Bihar’

January 1, 2018 |by indiafood forum | Comments Off on ‘ITC keen to invest Rs 500 crore in Bihar’ | FOOD & GROCERY | ,

 

ITC, which has been diversifying into fast moving consumer goods (FMCGs), has sought from the state government 60 acre land for its proposals…READ MORE

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Steps taken to pass on rate cut gains: FMCG companies

November 27, 2017 |by indiafood forum | Comments Off on Steps taken to pass on rate cut gains: FMCG companies | FOOD & GROCERY | , , , , ,

Consumer goods companies including Nestle, Dabur, ITC and Amul have assured Central Board of Excise and Customs (CBEC) chairperson Vanaja Sarna that they have passed on the recent reduction in goods and services tax (GST) rates to consumers by lowering prices…READ MORE

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Eateries push for return of ITC

November 24, 2017 |by indiafood forum | Comments Off on Eateries push for return of ITC | FOOD SERVICE | ,

The Hotel and Restaurant Association Western India (HRAWI) claims that the reduction in GST on restaurant services without input credit will impact the industry in a negative way…READ MORE

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Local rivals eat into market share of Coca-Cola, PepsiCo

November 9, 2017 |by indiafood forum | Comments Off on Local rivals eat into market share of Coca-Cola, PepsiCo | FOOD & GROCERY | , , , ,

Coca-Cola and Pepsi have been losing share to local rivals, including Parle, Dabur and ITC, in the aerated-beverages segment even as the global soft-drink giants introduced more fruit-based and healthier products to reduce their reliance on sugary sodas…READ MORE

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ITC mulls new brand for vegetables

September 12, 2017 |by indiafood forum | Comments Off on ITC mulls new brand for vegetables | FOOD & GROCERY | ,

The ‘India First’ strategy for the future, CEO Sanjiv Puri (in pic) said: “Currently, we rank No. 3 among the food companies in India with a total Rs 8,000-crore consumer spends and two Rs 3,000-crore plus brands…READ MORE

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ITC Ltd to soon foray into fruits, vegetables

July 28, 2017 |by indiafood forum | Comments Off on ITC Ltd to soon foray into fruits, vegetables | FOOD & GROCERY | ,

“Investments have also been made in farming for aromatic and medicinal plants, keeping in mind ITC’s focus on agri-based health and wellness products,” said YC Deveshwar…READ MORE

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ITC to expand frontiers with foray into fruits, veggies

July 5, 2017 |by indiafood forum | Comments Off on ITC to expand frontiers with foray into fruits, veggies | FOOD & GROCERY | ,

S Sivakumar told that ITC was looking to build its Master Chef franchisee with processed, frozen foods, while fresh produce will be sold under a separate brand name…READ MORE

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ITC to open India’s first branded chocolate chain

July 5, 2017 |by indiafood forum | Comments Off on ITC to open India’s first branded chocolate chain | FOOD SERVICE | ,

As per a report in Business Standard, ITC has decided to open up India’s first branded chocolate chain by setting up luxury boutiques till now confined to the premises of its hotels. The fast-moving consumer goods major aims to come up with one store each in Delhi and Kolkata by the end of September. “Spaces have been identified and will be operational sometime next quarter. The identified spaces will be our own in the current phase to ensure quality and a befitting experience for the consumer,” Hemant Malik, chief executive of foods at ITC said…READ MORE

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YC Deveshwar sold entire ITC holding before retiring

June 30, 2017 |by indiafood forum | Comments Off on YC Deveshwar sold entire ITC holding before retiring | FOOD & GROCERY | ,

ITC Ltd chairman YC Deveshwar sold his entire holding in the company last fiscal before retiring from executive role in February. Deveshwar, who has been the longest-serving boss in the cigarette-FMCG-hospitality conglomerate, had 6.8 lakh shares at the start of last fiscal which he sold through 18 transactions through the year with the last transaction on February 3, two days before moving into a non-executive role, as per disclosures in the company’s latest annual report…READ MORE

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ITC’s good show adds to street cheer

May 30, 2017 |by indiafood forum | Comments Off on ITC’s good show adds to street cheer | FOOD & GROCERY |

A good quarterly performance was just what was needed to keep the bullish sentiment fired up on the Street. And ITC didn’t fail to deliver. Its improved Q4 performance coming soon after the GST triggered relief rally is enough for the Street to continue being bullish on the tobacco stock…READ  MORE

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