ITC will invest ₹20,000 crore in 5 years, says Puri
Business Standard|July 27, 2024
ITC will invest €20,000 crore over the next five years as it has "unwavering confidence" in India's economic growth, said Sanjiv Puri, chairman and managing director, on Friday.
ISHITA AYAN DUTT
ITC will invest ₹20,000 crore in 5 years, says Puri

Puri told shareholders at the company's 113th annual general meeting ITC was committed to assist the country in becoming the world's third-largest economy through building a "future tech, climate positive, innovative and inclusive national enterprise of pride".

"Our confidence in the India story is unwavering and is reflected in your company's investment outlay of about ₹20,000 crore in the medium term," he said. At a press conference later in the day, Puri said: "We remain optimistic of the opportunities in India despite nearterm challenges."

This story is from the July 27, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the July 27, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

Avoid partial payout: Buy health cover with fewer sub-limits

At a recent Confederation of Indian Industry (CII) summit, Satyajit Tripathi, member (distribution), Insurance Regulatory and Development Authority of India (Irdai), highlighted that grievances in general insurance, especially health insurance, mainly revolve around claim payments.

time-read
2 mins  |
September 17, 2024
'Largecaps appear reasonably valued'
Business Standard

'Largecaps appear reasonably valued'

Investors entering equities should come in with a long-term horizon to ensure short-term fluctuations amid high valuations do not derail the wealth generation, says DEEPAK SHENOY, chief executive officer and founder of Capitalmind.

time-read
3 mins  |
September 17, 2024
Business Standard

Sustained FPI activity lifts Sensex, Nifty

Equity benchmark index Sensex rebounded nearly 100 points to hit a lifetime closing high on Monday and Nifty scaled an intraday record level, propelled by bargain hunting in energy, utility and banking stocks amid sustained foreign fund inflows.

time-read
1 min  |
September 17, 2024
Business Standard

Investors may book partial profit: Brokerages

Analysts on Monday attributed the blockbuster debut of Bajaj Housing Finance Ltd (BHFL) on the bourses to its strong fundamentals and the brand 'Bajaj', and said it could emerge as a long-term wealth creator.

time-read
2 mins  |
September 17, 2024
Interest, trust of investors humbling: Sanjiv Bajaj
Business Standard

Interest, trust of investors humbling: Sanjiv Bajaj

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, on Monday said he expected 12-15 per cent credit growth in the housing finance industry, amid the strong tailwinds in the economy.

time-read
1 min  |
September 17, 2024
Business Standard

Trent may replace Bajaj Finserv in Sensexrejig in December

Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index.

time-read
1 min  |
September 17, 2024
Business Standard

Sebi withdraws earlier statement on staff unrest

The Securities and Exchange Board of India (Sebi) on Monday said it was amicably addressing the concerns of its protesting employees on \"internal\" matters, as it withdrew an earlier press release that claimed that its staff's complaints were influenced by external elements.

time-read
1 min  |
September 17, 2024
Business Standard

The clash of 'will'power: The jury is still out

Following courtroom drama, experts analyse which one will dominate legal proceedings

time-read
3 mins  |
September 17, 2024
FIRST LINE OF DEFENCE
Business Standard

FIRST LINE OF DEFENCE

Why New Delhi is underlining the role of border villages as custodians of India's frontiers

time-read
4 mins  |
September 17, 2024
Business Standard

A fine balance

Markets in agriculture must be allowed to function

time-read
2 mins  |
September 17, 2024