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ITC net profit up 16.8 pc in Q3

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...

ITC food facility to lift Punjab's food processing sector: CM

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 looks at FMCG segment as growth driver

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...

Doing retail business in India getting easier but land an issue, says Sanjiv Goenka

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 firms slash prices to pass on GST benefits to customers

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...

FMCG cos gear up to pass on tax reduction benefit to consumers

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...

Tapping into the Indian shopper's mindset

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...

Food processing will be a main industry in future: Jaitley

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...

Food CEOs interact with PM; appreciate GST, FDI liberalisation

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...

ITC to invest Rs 10,000 cr to set up food processing units

Diversified conglomerate ITC said it plans to invest Rs 10,000 crore to set up food processing facilities across the country. According to a PTI report: The Kolkata-based company is looking to have around 20 such units pan India. "I am happy...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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