ITC

In the run up to budget, consumer goods companies are looking for a greater thrust on food processing sector to add value to the agricultural produce, increase in rural wages and reduction in taxes to leave more money in...

FMCG major ITC Ltd on Friday reported a 16.8 per cent increase in its net profit to Rs 3,090.20 crore in the quarter ended December 31, 2017 as compared to Rs 2,646.73 crore in the year-ago period.On a comparable...

Punjab Chief Minister Amarinder Singh on Thursday inaugurated the ITC's new state-of-the-art integrated food manufacturing and logistics facility here, giving a major fillip to the state's food processing sector. Spread over 72 acres, with an initial outlay of approximately Rs...

ITC Ltd sees growth opportunity in the fast moving consumer goods (FMCG) space as it is expanding the portfolios in the segment, a company official said on Monday. "Opportunity is the biggest in the FMCG segment. That is where our...

As India moves up in the Ease of Doing Business ranking, industrialists on Friday said things are getting easier in terms of taking off projects but procurement of land still remained an impediment for large projects. "Lot of measures have...

FMCG companies, including ITC, Dabur, HUL and Marico, said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers. The companies said they will extend the price reduction to other categories, which...

With the revised GST rates coming into force from Wednesday, FMCG majors such as Hindustan Unilever (HUL) and ITC said they are in the process of reducing prices of commonly used items to pass on the benefits to consumers. According...

For quite some time now, the transformational growth of e-tailing globally and in India, has led to the death knell being sounded for offline, brick-and-mortar retailers. While it is resoundingly true that the online challenge has greatly impacted the...

The entire Indian agriculture value chain is set to change drastically and food processing is going to be a main industry in the future, Finance Minister Arun Jaitley said on Friday at World Food India 2017, even as event's...

Various CEOs of global food processing and related companies on Friday interacted with Prime Minister Narendra Modi and appreciated the government's structural reforms and initiatives like GST and the liberalization of the FDI regime in India. An official statement said...