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ITC s hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC s promoter holding of 39.93%. BAT s chief executive Tadeu Marroco stated last December that ITC s hotel business was not an area of interest for the British tobacco maker. ....
India s market sees a surge in liquid cleaners popularity, driven by ecommerce growth and competition among top companies like HUL, ITC, and Colgate. The trend towards premium, differentiated products reflects changing consumer preferences and aspirations. ....
In response, India’s food safety authority has mandated extensive inspections, sampling, and testing at all manufacturing units producing powdered spices, particularly focusing on curry powders and mixed spice blends. - Newsx ....
Elaborating on the challenges for India s hospitality sector, Samir said economic uncertainties, such as fluctuations in exchange rates, geo-political tensions, and global economic downturns, can impact travel demand and consumer spending, posing challenges for hotels in terms of revenue management, occupancy rates, and profitability. ....