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ITC Ltd. reported a fall in net profit in the third quarter of the current financial year, even as it met street expectations. Standalone net profit fell nearly 10% to Rs 5,089 crore in the October-December quarter, compared to Rs 5,638 crore in the year-ago period, according to a stock exchange filing on Thursday. Analysts…
Read More “Profit Slips 10% On New Labour Codes Impact But Meets Estimates” »
Image used for representative purpose only. | Photo Credit: Reuters Shares of cigarette and tobacco product makers ITC, Godfrey Phillips and VST Industries dropped on Friday (January 2, 2026) morning, extending their previous day’s decline, after the government imposed an additional excise duty on such products effective February 1. ITC’s stock tumbled 5.11% to ₹345.35…
Read More “Tobacco stocks continue to slide; ITC shares drop over 5%” »
The logo of ITC. File | Photo Credit: Reuters Indian FMCG and tobacco giant ITC’s shares jumped more than 8% on March 13, after top shareholder British American Tobacco’s $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale…
Read More “ITC’s shares jumps as BAT’s $2 billion share sale sails through” »