The recent correction in the Indian stock market is relatively mild compared to other major markets. While global factors such as crude oil price spikes can contribute to corrections, India has outperformed many other markets. However, there are concerns in sectors like paints, where increased competition and higher raw material costs could impact profitability. "

The Goods and Services Tax (GST) collection was Rs 1.87 lakh crore in April and in the first four months of the current fiscal, the collections have averaged Rs 1.67 lakh crore.

A decisive move beyond 19,750 on the Nifty50 could potentially push the index towards 19,900. On the downside, support is established at 19,600.

The Integrated Transport Centre (ITC) in Abu Dhabi has announced that surface parkings, as well as parking spaces at the Musaffah M-18 truck parking lot, will be free during the Prophet Muhammads Birthday Holiday. The ITC Customer Centres will be closed during the holiday, but customers can still access services through digital platforms and contact the Service Support Centre.The Darb toll gate system will be free during the holiday but will resume charging on Saturday during peak hours.

In the Nifty50 index, the top inflows will likely come into Adani Enterprises ($21 million) followed by HDFC Bank ($19 million). Both stocks will also see their weights going up by 0.06% to 0.9% and 13.4%, respectively. This will be followed by inflows in Axis Bank ($11 million), ITC ($3 million) and Tata Consumer Products ($3 million).

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 548829.31 Crore) operating in Tobacco sector.

From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.

LIC would file an appeal before the GST Appellate Tribunal against the said order within prescribed timelines, it said. The tax authority has alleged that among other violations, LIC did not reverse the Input Tax Credit (ITC) availed on the premium received by the corporation from policy holders.

Short-term traders can look to buy the stock for a target of Rs 500 in the next 2 months, suggest experts.

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 558905.28 Crore) operating in Tobacco sector.

Tata Consumer has announced it is taking its Soulfull brand of millet-based cereals to the UK in partnership with Tesco.

Suhasini Sampath, a mother and co-founder and CEO of Yoga Bar, created Yoga Baby for her little daughter. Now, it is being launched for a wider audience, according to a company statement.

Health foods maker Yoga Bar is entering the baby care category with the launch of its new brand, Yoga Baby. The brand will offer millet-based foods such as porridge mixes to meet the nutritional needs of young children. The products will be available online, in retail outlets, and on e-commerce platforms. The move comes after Yoga Bar was acquired by ITC earlier this year, as the health foods market in India is projected to reach $30 billion by 2026. The baby care market in India is also expected to grow to $2.91 billion by 2028.

Apple has made three days a week in office permanent, with one month of work-from-anywhere in a year. Hindustan Unilever (HUL), ITC, Maruti, Nestlé, PepsiCo, Tech Mahindra, McCain, Mondelez, Airtel, Mercedes Benz and Swiggy are among the others following a hybrid working mode for all or some employees.

The 30-share BSE benchmark Sensex rose 52 points or 0.08% to settle at 67,519. The broader NSE Nifty surged 33 points or 0.16% to end at 20,103

This article examines why 4 stocks have experienced an RSI trending up, highlighting the importance of RSI in evaluating stock movements.

Promoters held 0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 43.62 per cent, DIIs 30.88 per cent.

India VIX was up by 3% from 11.34 to 11.69 levels in the previous trading session. Volatility was on the rise and the index witnessed some profit booking after the rally of the last few sessions.

The next hurdle for the Nifty is the 20,164 levels. If the index can break this levels, it could move up to 20,300 and 20,500 levels.

The Tata Group has denied rumors of acquiring a stake in Haldiram's, a snack-food maker. Instead, the Indian conglomerate may focus on expanding its consumer super-app, Tata Neu, which has the potential to tap into India's online commerce market. The group is also venturing into AI and semiconductor manufacturing through partnerships with Nvidia. However, the competition from Mukesh Ambani's Reliance Industries, which is also exploring similar fields, poses a challenge.

"Nifty has finally managed to touch the much-anticipated 20,000-mark in the second attempt after July 2023. Robust flows from local investors amid mixed/negative flows from foreigners have helped Nifty achieve this landmark

ITC Limited, a diversified city-based conglomerate, announced its foray into the dairy industry in Jharkhand on Monday by launching a number of goods under the "Aashirvaad Svasti" brand. According to a company statement, the company would offer a wide variety of dairy products to the state's consumers, including milk, curd, paneer, lassi, and "mishti doi" (sweet curd).

Real estate developers in India are facing blocked credit eligibility for leasing their properties due to a dispute over the availability of input tax credit (ITC) under certain sections of the Goods and Services Tax (GST) law. If a developer sells a commercial building before obtaining an occupancy certificate, they may be eligible for ITC.

India is using food as a means of diplomacy during the G20 Summit in Delhi. World leaders and delegates attending the summit will be treated to a variety of Indian street food and millet-based dishes. The menus have been customised by hotels to showcase the diverse flavours of Indian cuisine, with a focus on regional specialties and wellness. The promotion of millets also highlights India's efforts to address food security.

This article explores what the Golden Crossover is, its importance in assessing stock movements, and presents a handpicked selection of 10 stocks that have recently experienced this pattern. We delve into each stock's potential and provide valuable insights for potential investors.

ITC has been ordered by a consumer court in Chennai to compensate a consumer with Rs 1 lakh due to a missing biscuit in a pack of "Sun Feast Marie Light" biscuits. The consumer, Dillibabu, purchased two dozen packets of biscuits to feed stray animals but found that one packet had only 15 biscuits instead of the advertised 16.

The two projects, when complete, would entail a total investment outlay of Rs 1,500 crores which will support livelihoods across sustainable value chains.

The Karnataka-bench of the Authority for Advance Ruling (AAR) has ruled that businesses can claim input tax credit on items like gold coins and white goods procured for distribution to dealers as part of promotional schemes. The AAR stated that these items are not considered gifts as they are issued subject to certain conditions and stipulations.

"We see a potential 2X growth in the next three years on the back of being the leader in integrated experience thinking and execution," Hari Ramanathan, CEO - South Asia, Southeast Asia and Japan, VMLY&R, told ET.

Companies are accelerating efforts towards creating a more inclusive workplace, and these are starting to pay off. "ITC has been betting big on employing women as a majority workforce across factories, enthused by their regularity, dexterity and discipline leading to better efficiency in operations," said Amitav Mukherji, head of corporate human resources.

#ITC 1D Small trade buy 440 target 454 or Wait for active Head and shoulder pattern below 434

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 550322.04 Crore) operating in Tobacco sector.

Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series. On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes.

Samir Arora, Founder & Fund Manager of Helios Capital, discusses the unique approach of the mutual fund he is launching. Unlike other funds that make trade-offs between factors, his fund does not compromise because there are plenty of stocks that perform well. The fund aims to have low cost of error and differentiates itself from other funds in terms of philosophy.

Indian conglomerate ITC has partnered with around 45 startups in various sectors, including consumer space, social commerce, content creation, and agritech solutions. The company aims to foster agility and an entrepreneurial mindset among its employees and remain consumer-centric and resilient. ITC has invested in startups directly and through venture capital funds, and is focused on integrated opportunities rather than isolated ones.

The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation.

"The world needs to come together to collectively solve challenges such as the climate emergency and geopolitical dynamics. There is also the need to expand the definition of consumers to include all stakeholders in the ecosystem, supply chain, and employees. India's reforms and investments in infrastructure, digitalization, and technology, will benefit the global economy."

Sanjiv Puri, Chairman and Managing Director of ITC, highlighted the importance of considering cost implications when implementing environmental, social, and governance (ESG) frameworks for small enterprises in India. Puri emphasized the need for economically viable models and solutions to control the costs of ESG compliance for MSMEs, as an inflationary environment could negatively impact growth.

In the recently concluded June quarter, ITC and several other FMCG makers reported volume gains and improvement in margins. ITC has 25 brands including Aashirvaad, Bingo, Sunfeast, YiPPee, Fiama, Vivel, Savlon etc.

ITC Chairman Sanjiv Puri emphasized the need for businesses to adjust their strategies in response to increasing extreme weather events and environmental concerns. He highlighted the impact of extreme weather on nature, urban infrastructure, and the Global South. Puri also stressed the importance of adapting and fine-tuning strategies in a dynamic manner, as well as the urgency of addressing gaps in ESG frameworks and regulations.

While 76% of more than 3,800 employees across industry sectors said they are looking for employers offering either hybrid or work-from-home options, 73% said they would explore new job opportunities if their current employers did not allow such flexibility. In contrast, only 35% welcomed the decision of employers to increase the number of days employees are mandatorily required to work from the office.

Speaking at a B20 panel on Saturday, Renjen said businesses need to address the climate question as that is what their employees increasingly want; this is what underpinned Deloittes work on ESG while he was heading it.

India's moon landing on August 23 has sparked a surge in demand for space-themed merchandise, with Indian Space Research Organisation (ISRO) and Chandrayaan 3-themed products seeing a ten-fold increase in sales. Merchandise categories such as T-shirts, iron-on badges, hoodies, and caps are in high demand.

Reliance Industries Limited (RIL), India's largest conglomerate, is expected to focus on its financial services at its upcoming Annual General Meeting (AGM), but announcements and future plans for its retail arm are also anticipated. JPMorgan Chase expects disclosures around the retail business, which now forms the largest part of RIL's valuation.

Reliance Industries, led by Chairman Mukesh Ambani, is expanding its presence in the hotel business through a partnership with The Oberoi Hotels and Resorts. The company's diversification strategy has seen it enter various industries, including telecoms, retail, green energy, and now finance. Reliance's deep pockets could be beneficial for the hotel industry, which is facing challenges due to high capital costs and underinvestment.

Founded in March this year by Karan Anand and Himanshu Uniyal, the platform connects buyers with products and solutions in 24 hours and facilitates smooth delivery to the customer's location. The company sources primarily from SMEs in India, and some components from China.

BNP Paribas finds consumer staples, IT, and materials sectors pricey relative to forecasted earnings growth. Other sectors appear more reasonable

The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage.

This article delves into the concept of the Golden Crossover, explaining its significance and why it's crucial for evaluating stock movement. With Trendlyne identifying over 40 Nifty stocks experiencing the Golden Crossover, ETMarkets narrows the focus to 10 stocks that exemplify this pattern's potential.

Motilal Oswal is bullish on ITC recommended buy rating on the stock with a target price of Rs 535 in its research report dated August 15, 2023.

Emkay Global Financial is bullish on ITC has recommended buy rating on the stock with a target price of Rs 535 in its research report dated August 15, 2023.

For celebrations, the Chef for Party service brings the expertise of professional multi-cuisine chefs, catering to gatherings ranging from 5 to 40 people.

"Overall, the ITC stock is fairly valued at this stage. Further growth triggers for ITC could come in terms of further improved profitability in the FMCG segment as well as progress on hotel de-merger. It could take some time. I would agree with you that near term, the upside looks capped."

The recruitment profitability is near peak, and the growth is likely to moderate. Other verticals have a long road to profitability. Write-offs in investee companies' portfolios.

Sharekhan is bullish on ITC has recommended buy rating on the stock with a target price of Rs 496 in its research report dated August 14, 2023.

From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation. The market valuation of TCS tanked Rs 29,894.45 crore to Rs 12,32,240.44 crore. HDFC Bank's valuation declined by Rs 19,664.06 crore to Rs 12,02,728.20 crore.

Major hotels in and around New Delhi are fully booked as business and political dignitaries from G20 member countries gather for the leaders summit on 9 and 10 September. The event is expected to provide an opportunity to showcase Indias “culture, heritage and hospitality”. However, hotels have been warned that their facilities, including spas, gyms and restaurants, may be off limits to ordinary guests due to security concerns.

India is set to showcase its growth story to global CEOs during the three-day Business 20 (B20) summit which begins on August 25. Prime Minister Narendra Modi is scheduled to be present during the valedictory session of the summit on August 27. B20 is the official G20 dialogue forum with the global business community.

Mahindra & Mahindra has been fined over Rs 14.3 lakh ($20k) for taking incorrect input tax credit during the transition to the GST regime by Mahindra Vehicle Manufacturers, which has since been merged into it. The company is hopeful of a favourable outcome at an appellate level, as it does not expect the order to have any significant financial impact, M&M said in a regulatory filing. The order was given on 20 July, 2023, and the fine must be paid along with interest in line with the applicable CGST Act of 2017.

The brokerage expects volume growth for formal industry to remain healthy in FY24E. Similarly, FMCG business alsocontinued to report healthy growth rates (+16% YoY) with significant improvement in profitability (EBITDA margin up by 320bps to 11% YoY; EBITDA and EBIT grew by 1.6x and 2.1x, respectively) driven by pricing and cost savings.