ITC Ltd is expanding aggressively into protein-rich foods as part of its health and wellness strategy. The company plans to roll out affordable protein-focused products across categories, using consumer insights and innovation to make protein accessible to a wider audience. With the health segment growing quickly, ITC aims to capture future demand and scale this business further.
Budget proposals for FY 2023-24 suggest restricting input tax credit (ITC) on goods or services used to meet CSR obligations. Experts warn this could reduce the practical value of CSR benefits by raising effective costs for companies. Businesses are concerned the move may make it harder to sustain or expand CSR programs, especially where tax credit currently improves affordability.
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Shares of India’s major cigarette companies have surged over the past month, pushing ITC, Godfrey Philips, and VST Industries to record highs. The rally signals strong investor appetite, with the move linked to price increases paired with higher trading volumes. For markets watching consumer staples and volume trends, the sector’s momentum is now impossible to ignore.
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