ITC reports 25% rise in nine-month net

KOLKATA, JAN 17: ITC Ltd has reported a 25 per cent increase in net profit for the nine months to December 31, 2000, from Rs 567.51 crore ...

KOLKATA, JAN 17: ITC Ltd has reported a 25 per cent increase in net profit for the nine months to December 31, 2000, from Rs 567.51 crore in April-December 1999 to Rs 710 crore. Net interest cost has gone down by a substantial 21.47 per cent from that in the same period a year ago.

During the third quarter to December 31, 2000, net interest payout dropped by around 10 per cent to Rs 25.07 crore from Rs 27.75 crore in the third quarter of 1999-2000. ITC’s hotel occupancies improved while the premium brand, ITC Grand Maratha in Mumbai, is expected to open soon. The release also states that the other hotel projects are progressing satisfactorily.

The company’s packaging and printing business reported a 36 per cent growth in exports and bagged the special export award by Capexil. ITC also started printing greetings cards as a separate business unit and launched its entire card range in all the metros.

During the quarter to December 31, 2000, agricultural exports were buoyant, according to the release. ITC’s international business division and ITC Infotech India Ltd launched a bi-lingual website to web-enable the Indian coffee planters. The site provides real-time price and market information apart from advising on complex risk transfer mechanisms and access to various cash management tools.

The police said the trio from Chandigarh — Rohan (21), Sumit (22), and Mohit (19) — were dhol players by profession and had procured the weapons due to an old rivalry with local residents.

Suspecting affair, Odisha lecturer assaults wife and her friend, parades them on street

India51 min ago

A lecturer of Commerce and his associate were arrested for assaulting his wife, garlanding her with slippers and parading her on the road with her male friend. The woman, who has been living separately from her husband, was assaulted and humiliated in public. The incident was recorded and shared on social media. Police have seized evidence and are investigating the matter.

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