ITC Ltd (ITC.NS)
2 Dec 2016
* ITC Ltd says subscription of share capital of Indivate Inc by ITC Infotech Source text: [ITC Limited has informed the Exchange that consequent to subscription of the entire share capital of Indivate Inc., USA by ITC Infotech (USA), Inc. on November 18, 2016, Indivate Inc. became a wholly-owned subsidiary of ITC Limited. ITC Infotech (USA), Inc. is a wholly-owned subsidiary of ITC Infotech India Limited which in turn is a wholly-owned subsidiary of ITC Limited] Further company coverage:
* Says FMCG-cigarettes segment continues to be impacted due to severe pressure on legal cigarette industry
* Sept quarter total income from operations 136.17 billion rupees
Oct 26 Indian shares fell on Wednesday, on track for a second day of losses, dragged lower by financial stocks such as Axis Bank after the lender reported a quarterly profit slump, with weak global cues further weighing on the sentiment.
Aug 11 Indian shares closed slightly higher on Thursday after posting their worst fall in nearly seven weeks in the previous session, as continued heavy buying by foreign investors helped lift blue chips such as ITC Ltd even though overall sentiment remained cautious.
June 21 ITC Ltd, India's largest cigarette maker, said Yogesh Deveshwar would step down as chief executive next year and serve as non-executive chairman for three years thereafter.