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ITC Limited
ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company's ownership progressively Indianised, the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. In recognition of the Company's multi-business portfolio encompassing a wide range of businesses - Fast Moving Consumer Goods comprising Foods, Personal Care, Cigarettes and Cigars, Branded Apparel, Education and Stationery Products, Incense Sticks and Safety Matches, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology - the full stops in the Company's name were removed effective September 18, 2001. The Company now stands rechristened 'ITC Limited,'where ‘ITC’ is today no longer an acronym or an initialised form.
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Contact Details
Contact Address:ITC
No.37
J.L.Nehru Road
Kolkata, WB, 700071
Phone : +91-33-22889371
Fax : +91-33-22881417
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(1) Business Reviews for ITC Limited
Mayank Gupta wrote on 16-Jul-2012
This is Mayank Gupta. I am looking out to take a distributorship/dealership in Uttar Pradesh region for leaf tobacco and other tobacco product. I am into this business since last 10 years and now i am looking for some more reputed brands of tobacco for the future growth . Henceforth, I wanted to know if any company is inviting for the same or not. If yes then plz contact "Mayank on 9721170771". With Regards. Mayank(9721170771)
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News
ITC Q2 net up 36.16% as tax expenses fall
Posted on 25th October 2019
Beating market expectations, ITC on Thursday reported a robust 36.16% year-on-year jump in its standalone net profit to `4,023.10 crore for the second quarter ended September 30, buoyed by 44.5% y-o-y lower tax expenses. Apart from lower tax outgo on the back of corporate tax cuts, the diversified conglomerate got larger benefits in terms of a massive decrease in its total tax expenses in the September quarter this fiscal, due to ‘re-measured’ deferred tax liabilities. Read More

ITC to develop value chain for chilli growers in Andhra Pradesh
Posted on 19th October 2019
The Agri Business Division of ITC Ltd has joined hands with the Andhra Pradesh government for improving farm value chain for chillies under public-private partnership mode covering Krishna, Guntur, Prakasam and Kurnool districts of the southern state. The collaboration will focus on developing an integrated agri extension platform for chilli value chain development, covering 10,000 acre in the first phase and another 100,000 acre in the near future. Read More

ITC may not need to hike cigarette prices after tax rate cut, vaping ban
Posted on 4th October 2019
ITC may not have to increase cigarette prices for the rest of the ongoing fiscal year after reaping the benefits of a cut in corporation tax rates and the ban on vaping in the country.

According to a report from Morgan Stanley, after the Centre announced a reduction in corporation tax rates from 30 per cent to 22 per cent, it doesn’t expect ITC to hike cigarette prices as the firm, is likely to be one of the biggest beneficiaries of the cut. Read More


Despite big corporate tax cut gains, ITC’s stock has not fired up enough
Posted on 30th September 2019
ITC Ltd, whose mainstay is the cigarettes business, has been one of the biggest beneficiaries of the cut in corporate tax rates. Since the tax rates were slashed, the stock is up 7%. But investors want more. That’s because, despite the recent appreciation in the share price, the ITC stock has lagged so far in FY20. Read More

Leela-Brookfield deal: SAT dismisses ITC application
Posted on 27th September 2019
The Securities Appellate Tribunal (SAT) on Thursday dismissed an application by ITC in relation to Hotel Leelaventure’s assets sale to Brookfield.

The tobacco-to-hotel conglomerate’s plea had challenged a July 2019 order by the Securities and Exchange Board of India. The order had rejected ITC’s contention that the proposed asset sale to Brookfield qualified as a related-party transaction, except in respect to proposed transfer of ‘Jamavar’ trademark to Brookfield. Read More

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