ITC is the biggest producer and distributor of cigarettes in India. It's a diversified conglomerate that derives about 75% of its EBIT from cigarettes.
"ITC Invests ₹111 Crore in EIH and Leela Mumbai Ahead of Hotel Demerger"
"ITC Acquires Stakes in EIH and Leela Mumbai Worth ₹111 Crore Before Hotel Demerger"
ITC Ltd Consolidates Stakes in Oberoi and Leela Ahead of Hotel Business Demerger
ITC Ltd,
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Aarihant Aaryan
Prev- Founder & CEO ... • 1y
We are the second largest cigarette market globally with a consumption of over 800billion cigarettes annually
But how did cigarettes cement its place in India when hookahs, chewing tobacco and pipes had deeper penetration
The British love cigaret
Over 80% of semiconductors are made in Asia, with 92% of the world's most advanced semiconductors manufactured in Taiwan. The Taiwan Semiconductor Manufacturing Limited (TSMC) is the biggest producer of semiconductors in the world and holds 54% of th
Cred is in talks to raise $75 million from existing investors, including GIC, RTP Global, and Sofina, at a valuation of $3.5 billion, which is a significant decrease from its previous valuation of $6.4 billion.
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gray man
I'm just a normal gu... • 2m
ITC, a major player in the FMCG sector, is set to acquire an additional 73.5% stake in Mother Sparsh Baby Care, a D2C brand known for its natural baby care products. This move will make Mother Sparsh a wholly-owned subsidiary of ITC.
The acquisition
Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August.
Hero motocorp is the biggest investor in Ather.
The rivalry between the Adani Group and Birla Group in the cement industry has intensified, reflecting broader trends in the Indian business landscape. Both conglomerates have deep-rooted interests in various sectors, but their competition in cement
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