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Nestle share price drops 5% post Q3 earnings; top loser on BSE

Nestle share price drops 5% post Q3 earnings; top loser on BSE
Nestle share price has fallen 2.44% in one week and 6.28% in a month. Year-to-date, the stock is down 8.9%
BusinessToday.In | February 17, 2021 | Updated 12:39 IST
The market capitalisation of the FMCG major stood at Rs 1,61,532.48 crore
Shares of Nestle India traded as the top loser in the Sensex pack, falling over 5% after the FMCG major reported 2.25% YoY rise in its net profit for the quarter ended December to Rs 483.3 crore, as against Rs 472.64 crore in the corresponding quarter of the previous fiscal.
Following the result update, shares of the most consistent Sensex performers from FMCG category opened at day s high of Rs 16,900 and fell 5.01% to hit an intraday low of Rs 16,360 on BSE. ....

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ITC constitutes 'Young Digital Innovators Lab' to drive digital transformation

ITC constitutes ‘Young Digital Innovators Lab’ to drive digital transformation
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The company has also formed a dedicated digital council of senior ITC managers called ‘DigiNext’ which will ideate and sponsor high impact digital interventions.
Kolkata:
ITC Ltd has constituted a ‘Young Digital Innovators Lab’ to drive digital transformation in the conglomerate. This will comprise digital specialists drawn from across ITC’s businesses to crowdsource transformative digital strategies.
The company has also formed a dedicated digital council of senior ITC managers called ‘DigiNext’ which will ideate and sponsor high impact digital interventions.
In a media release issued on Sunday, the company said these digital initiatives were announced by ITC chairman Sanjiv Puri to employees recently. It said the empowered team of innovators, free to set their agenda and seek the necessary resources, will access IT ....

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