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.
From Baltic ports to Gujarat shores, Russian crude travels 7,500 nautical miles through ship-to-ship transfers, and in some cases, price cap loopholes, experts say.
Oleksandr Yakovenko, founder of Ukrainian drone maker TAF Industries, further went on to highlight the growing 'irrelevance' of European defence platforms.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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