The memorandum of understanding (MOU) will see ITC deploy startup solutions in various sectors, including digital platforms for manufacturing execution systems (MES).
The company on Monday said it would separate its hotel business from its cigarettes and food unit, while retaining 40% stake in it, with ITC shareholders holding the rest.
If approved, the cigarettes-to-hotels conglomerate would hold 40% stake in the newly formed entity, to be named ITC Hotels Ltd, with the remaining 60% held by shareholders of ITC.
A 55,000-tonne consignment of Indian wheat sold to a Dutch firm named ETG Commodities, which further approached a Turkish buyer, has become something of a mystery.
The comments from the country's biggest maker of fast-moving consumer-goods comes on the back of its smaller rival Nestle India's grim outlook on rising input costs.
National Consumer Disputes Redressal Commission awards compensation after salon at New Delhi’s ITC Maurya irreversibly damaged her hair during a haircut and treatment in 2018.
ITC's large quasi-state ownership is preventing the $25 billion enterprise from being carved up into a pure cigarette company and big supply-chain platform like China’s Pinduoduo.
In a suit filed against Nestle India for using the phrase 'magical masala' for its Maggi noodles, ITC claims it was lifted from the branding for its Sunfeast Yipee! noodles.
A successful bid will help ITC diversify its business to reduce dependence on cigarettes as India raises taxes on tobacco, as well as help Coffee Day pare down its borrowings.
Piyush was about celebration—of life, of people, of stories. He believed that what we create can shape popular culture, can make people feel proud of who they are.
Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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