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The move will allow ITC to expand presence in the Rs 45,000 crore fast growing, nutrition-led healthy foods space. ITC said this deal is in line with its ‘ITC Next’ strategy articulated by chairman Sanjiv Puri that focuses on building a future-ready portfolio of products that serve evolving consumer needs

The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32

ITC will buyout the company in tranches over a period of 3-4 years

The combined ratio — a measure of whether the insurance company is earning more revenues from its collected premiums relative to the claims it pays out — was at 104.4%

In the December quarter, the investor added fresh stakes in Raghav Productivity Enhancers and Golidam International. Other than these, he has upped stake in Agarwal Industrial Corporation, Yasho Industries, Megastar Foods and Xpro India.

According to Sehul Bhatt, an associate director at the agency, operating margins in the automobile, metals and construction sub-sectors, which had contracted in the second quarter, reversed trend sequentially in the third quarter. Of the 20 sectors expected to outpace driven by the growth in revenues, 10 should see a margin contraction and five marginal improvement

Lotte Confectionary, which acquired Havmor Ice Cream for Rs 1,000 crore in December 2017, has positioned the home-grown brand in the mass affordable segment

The deal for the portfolio that has an annual revenue base of 850 million rupees, will be financed through borrowings, and the transaction is expected to achieve financial closure very soon, Eris said

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Goldman Sachs Group Inc on Tuesday reported a 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.