GST officers have detected cases of ITC evasion of Rs 35,132 crore by 17,818 fake firms between April-October and arrested 69 persons, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said regular action is taken to detect fake firms through data analytics and other intelligence by the central and state authorities. Also, a coordinated special drive was launched between August 16 and October 30 to detect fake firms. "A total of 18,876 ITC fraud cases were detected involving 17,818 fake firms with suspected ITC evasion of Rs 35,132 crore during fiscal 2024-25 (April-October)," Chaudhary said. This has saved Rs 6,484 crore of which Rs 5,422 crore by blocking of ITC and Rs 1,062 crore by way of recovery. A total of 69 arrests have been made in the cases during the current fiscal till October.

ITC Ltd. has an average target of 529.88 from 9 brokers.

ITC Ltd.

08 Dec 2024

421.55

1.26%

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

Business Standard

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on...

ITC Ltd. has an average target of 529.88 from 9 brokers.

ITC Ltd.

06 Dec 2024

421.55

1.26%

How this super app from ITC builds an ecosystem for farmers in the hinterland

Business Line

ITC's Agri Next strategy onboards start-ups, banks and other stakeholders on Krishi Mitra'

Number of FII/FPI investors increased from 1668 to 1675 in Dec 2024 qtr.

ITC Ltd.

05 Dec 2024

421.55

1.26%

ITC to increase FPOs to 4,000 in next 4 years linking one crore farmers

Business Standard

ITC is expanding its network of FPOs, further aiming to connect one crore farmers in the next 4-5 years and scaling up sourcing of fruits and vegetables through this platform, said its Agri Business Division CEO S Ganesh. ITC, present in around 22 states through FPOs (Farmer Producer Organizations) and working on 20 crops, has plans to expand and deepen it further in states including Madhya Pradesh, Rajasthan, Haryana, Punjab and Bihar. Besides, ITC is working on expanding the reach of its super app MAARS -- a phygital' initiative with FPOs through which it is providing personalised advisories to farmers from weather forecast to sales of crops at mandi prices, supply of seeds and fertiliser and services as soil testing to helping them get credit from banks. Through MAARS (Metamarket for Advanced Agriculture Rural Services), ITC is also enhancing agricultural practices to small farmers through technology aggregation, AI-enabled solutions, AgTech and an e-marketplace for commodities

Number of FII/FPI investors increased from 1668 to 1675 in Dec 2024 qtr.

ITC Ltd.

04 Dec 2024

421.55

1.26%

Corp. Note

ITC LTD. - 500875 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate …

BSE India

Please find enclosed details of the Share Certificates of the Company intimated as lost by the Shareholders.

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ITC Ltd.

03 Dec 2024

421.55

1.26%

Company Update

ITC LTD. - 500875 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

BSE India

The details of the shares dematerialised by the Company during the month of November 2024 is provided in the enclosed Annexure A. The Company was not required to effect rematerialisation of shares during the month of November 2024.

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