ITC

India’s slower pace in agriculture reforms has impacted the momentum of ITC’s agri retail rollout as the company has held back its expansion plans for its retail formats the include Choupal Sagar and Choupal Fresh. Confirming the news, S Sivakumar,...

To expand business of all its verticals including retail and fashion & lifestyle, Indian Tobacco Company (ITC) has planned to invest around Rs 15,000 crore over the next few years, the company has said in its sustainability report 2007. According...

To expand its successful rural retail format, ITC plans to associate with 10 million farmers across one lakh villages, and open 20,000 more e-choupals by 2010. Currently, ITC’s e-Choupal network operates in six states with 6,400 kiosks in 40,000 villages,...

With the target of 140 retail destinations across 54 towns, ITC has chalked out aggressive expansion plans for next few years. According to S Sivakumar, chief executive, ITC agri-business division, the company plans to open 140 Choupal Fresh stores in...

• Pantaloon Retail Pantaloon Retail posted 78.5 per cent increase in gross turnover for quarter to September 30, 2007. Pantaloon Retail (India) Limited, part of Future Group, declared its unaudited financial results for the quarter ended September 30, 2007. Gross...

Pro-RSS Swadeshi Jagran Manch (SJM) and Bharatiya Mazdoor Sangh will be holding a massive demonstration in the capital on November 21 to protest against entry of corporates and foreign retailers into this sector, as they said it threatened the...

Binu Philips, former divisional manager, production, at ITC lifestyle division, has put in his papers with the company. Chitranjan Dhar, CEO, ITC, Lifestyle Retailing Business, confirmed his movement saying, “He is not with the company and has supposedly joined some...

The net turnover of ITC for the last quarter registered a growth of 14.2 per cent at Rs.3273 crores, which was mainly due to the robust scale up of Lifestyle Retailing, Foods and Stationary businesses coupled with healthy growth...