ITC to expand food products; expects 6-8 new plants in 3 yrs
New Delhi: FMCG major ITC on Thursday said it would continue to expand its offering in the food segment by launching new region-specific products and foray in new categories.
The company as part of its expansion would launch dairy whitener next month besides introducing over 20 new products for its existing categories.ITC would also have up to eight new integrated factories for its food division in states such as West Bengal, Assam, Karnataka, Tamil Nadu, Punjab and Maharashtra.
Sensex takes 305-pt hit on P-Note concerns, hawkish Fed
Mumbai: Equities sank the most in three weeks as the BSE Sensex crashed by 305 points to hit a two-week low of 25,399.72 after worries over stricter P-Note norms and a likely June rate hike
by the US Fed spooked investors. Besides, they ignored BJP’s electoral victory in Assam for the first time and the party making inroads into Kerala and West Bengal. he BJP stormed to power in Assam bagging a government in the north east dethroning Congress, which also lost Kerala, while Jayalalithaa and Mamata Banerjee retained power in Tamil Nadu and West Bengal with spectacular victories.
RBI readies new banknote designs; Board takes stock of economy
Mumbai: Currency notes in India may soon carry a new look with the central board on Thursday recommending to the government a new set of designs for banknotes. The central board of the apex bank also took stock of the macro-economic situation and reviewed issues related to cyber security and currency management at a meeting held in Mumbai.