ITC Latest News

  1. ITC may buy the de-merged cigarette division of Kolkata-based RDB Industries in a deal worth Rs 300-350 crore, according to sources close to the development. ITC is in talks with RDB for buying the recently de-merged cigarette division
  2. ITC Ltd plans to invest Rs 23,000 crore across sectors such as fast moving consumer goods (FMCG), hotels and paper and packaging over the next few years. The FMCG sector is likely to receive an investment of about Rs 8,000 crore
  3. FMCG firm ITC, largest maker of cigarettes in India, has increased the price of its popular brand, Gold Flake Kings cigarettes by seven per cent. It has raised the maximum retail price of a pack of 10 cigarettes to Rs 47 from Rs 44 earlier
  4. Following reports that ITC, could make a hostile bid to increase its stake in EIH, which runs the Oberoi hotel chain, ITC Chairman Y C Deveshwar asserted that ITC could even raise its stake up to 25 per cent in EIH
  5. Cigarettes-to-hospitality group ITC is reviewing its approach on equity in EIH, which runs the Oberoi chain of hotels. The company is eyeing to either make a counter offer or selling its stake. In both cases, the board will decide
  6. FMCG major ITC, the largest player in the domestic cigarette market, has increased prices of two of its brands, India Kings and Benson & Hedges, by Rs 10 and Rs 5, respectively
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