City Sanjiv Financial News

Enforcement Directorate (ED), according to a report published by the news agency ANI. The top court has granted more time to the federal agency to file a reply on Sisodia's bail plea. It has now deferred the hearing in this case for September 4.

NEW DELHI : There should be no hate speech or violence at a series of protests planned by the Vishwa Hindu Parishad (VHP) in Delhi and the national capital region (NCR) to protest against the sectarian violence over the past few days in Haryana’s Nuh district, the Supreme Court told the Centre, Haryana, Uttar Pradesh and Delhi on Wednesday. It was responding to an urgent application fby one Shaheen Adbullah in a pending matter, also filed by him, to curb instances of hate speech across the country.

Teesta Setalvad on Monday moved Gujarat High Court to quash an FIR filed against her by the city crime branch for allegedly fabricating evidence in the 2002 riots cases. A sessions court had recently rejected her discharge plea in the case, even as the Supreme Court granted her bail after the Gujarat High Court denied her relief.

ITC Ltd while the conglomerate will be able to continue to enjoy the synergies for its other businesses such as fast moving consumer goods (FMCG) with hotels as it used to, chairman and managing director Sanjiv Puri said. ITC on Monday announced the demerger of the hotels business into a new entity which will be subsequently listed. As per the scheme of arrangement approved by ITC board, ITC Ltd will hold 40% stake in the new entity and the balance 60% will be held directly by the company’s shareholders proportionate to their shareholding in ITC Ltd. In an analyst meet held virtually on Thursday regarding this demerger, Puri said ITC Ltd’s financial ratios will improve substantially due to this demerger. “It will reinforce our position on sharper capital allocation, unlock value for existing shareholders and the way it has been structured, institutional synergies will remain,” he said. Elaborating, ITC’s chief financial officer and executive director Supratim Dutta told analysts that ITC’s segment capital employed on hotels business which is now about 20% will go off and so will segment EBIT (earnings before interest and taxes) of about 3-4% to ITC’s total EBIT. “There will be 18-20% improvement in return on capital employed (ROCE) and over 10% for return on invested capital (ROIC) for ITC,” he said. ROCE and ROIC are both key profitability ratios which helps to understand how well a company's capital is being employed to run the business.

₹16.31 crore, an increase of 53% from the previous year. ITC’s shares rose 1.53% on Tuesday on BSE.

ITC has hiked the salary of its Chairman and Managing Director Sanjiv Puri to Rs 16.31 crore in the financial year 2023. The salary component comprises performance and long-term incentives of a whooping Rs 12.8 crore. The top executive's salary is also 326 times higher than the median remuneration paid to all employees.

ITC Limited has recommended the reappointment of Sanjiv Puri as the company's chairman and managing director for a second term of five years. The resolution seeking his reappointment as chairman and managing director of the diversified conglomerate will be put to vote at the company's annual general meeting to be held on August 11, 2023, according to a notice sent to the shareholders on Tuesday.

Senior officials of the Department of Pension & Pensioners’ Welfare (DoPPW) under the Union Personnel Ministry has conducted an outreach programme with a pensioners’ association here aimed at enhancing their ease of living, according to an official statement issued on Saturday. The DoPPW has been holding awareness programmes for pensioners in online mode as well as through interactive meetings to dispense information and also to understand issues faced by pensioners as well as dwell on any suggestions forwarded by them.

DPIIT) will soon roll out mandatory quality control and safety standards for a number of household electrical appliances, a senior official said on Thursday. The move is aimed at containing the import of sub-standard goods from countries like China and boost domestic manufacturing. These products, which are divided under six categories, include Vacuum Cleaners, Electrical Shavers Hair, Massage Appliances, Electric Steam Cookers, Electric Heating Tools, Electric Coffee Makers, and Electric Food Processors.

ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. According to CNBC-TV18, the cigarettes-to-hotel conglomerate will explore alternate structures for the hotel business. A separate listing of the hotels business is also one of the options considered, as per the report.

Linde sees significant growth coming from traditional as well as new segments in India. The UK-headquartered company is planning to invest $1 billion to expand India operations in three-five years and $50 billion globally in the next 10 years, CEO Sanjiv Lamba tells Kalpana Pathak. Edited excerpts:What are your plans for Linde India? India as you know as a percentage of my global business is very small and disappointingly so.

Saregama India have offered massive returns to investors in the last 10 years, rising as much as 5,100%. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly Rs 5 lakh, according to an analysis by ET Markets. In the last five years, the shares have surged 380% while they have zoomed nearly 1250% in the last three years.

Sanjiv Das was the CEO of CitiMortgage and Caliber Home Loans

An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy have to be strictly interpreted.