Tata Consumer Products to acquire Capital Foods and Organic India for Rs7,000 cr
15 Jan 2024
Tata Consumer Products, the consumer goods arm of the Tata Group has agreed to acquire 100 per cent shares in Capital Foods, and Organic India for a total consideration of Rs7,000 crore.
Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
ITC consumer goods revenues up 14% in FY23
14 Dec 2023
Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.
DGGI investigates Godrej's Rs 2,825 crore acquisition of Raymond's consumer goods business
30 Oct 2023
The Directorate General of GST Intelligence (DGGI) is currently investigating a recent deal involving and Godrej.
ITC of India falls short of profit expectations amidst rising competition and costs
20 Oct 2023
ITC has reported a below-expected rise in profits in its second quarter, as reported on Thursday, 19 October, 2023.
ITC Q4 net profit rises 11.8% to Rs4,191 crore as revenue soars
19 May 2022
ITC said its before-tax profit for fiscal 2021-22 grew 15.5 per cent to Rs19,829.53 crore and EBITDA increased by 22 per cent to Rs18,933.66 crore, while gross revenue for the year increased by 22.7 per cent to Rs59,101.09 crore
ITC to invest nearly Rs15,000 crore to expand, upgrade
16 Aug 2021
Chairman Sanjiv Puri said, the "new growth areas" would include plastic substitutes and super App ITC MAARS that will help unlock the potential of small farmers
Samsung ends mobile phone production in China
03 Oct 2019
ITC Q1 net profit rises 13% to Rs3,174 crore
05 Aug 2019
Tata to merge consumer business into Tata Consumer Products
16 May 2019
Tata Global Beverages and Tata Chemicals will combine their consumer product brands into a new focused entity called Tata Consumer Products Ltd, with annual turnover of Rs9,099 crore
ITC Q4 net rises 18.7% to Rs3,482 cr
13 May 2019
ITC chairman YC Deveshwar passes away
13 May 2019
Deveshwar, who transformed the tobacco company to a diversified consumer goods company, also saw ITC group’s revenues grow ten-fold from Rs5,200 cr to over Rs51,500 crore over a 20-year period, while also ensuring compounded annual shareholder returns of 23.3 per cent
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation