ITC posts 12 rise in Q4 net profit on excise duty savings

first_imgA man talks on his mobile phone as he walks past an ITC office building in Kolkata September 4, 2012.Reuters fileCigarette company ITC, which also has interests in consumer goods, reported 12.1 percent rise in standalone net profit for the fourth quarter (Q4) ended March 2017 on the back of Rs 500-crore savings in excise duty paid by the company.The Kolkata-based company’s Q4 net profit stood at Rs 2,669.4 crore as against Rs 2,380.6 crore in the year-ago period, since excise duty paid fell to Rs 3,883 crore in Q4 (Rs 4,383 crore last year).Revenues rose 6.2 percent to Rs 15,410 crore in Q4 from Rs 14,510 crore in the year-ago period. Cigarette contributed Rs 8,954 crore, or almost 58 percent to the total revenues while the rest came from agriculture, hotels, paperboards and other consumer goods business.”The company delivered steady performance during the year in the backdrop of a persistently sluggish demand environment, continuing pressure on the legal cigarette industry due to the cumulative impact of steep increase in taxation and regulatory pressures, sharp hike in input costs and gestation costs relating to new products/categories especially in the non-cigarette FMCG segment,” ITC said in a statement.”India’s per capita cigarette consumption is amongst the lowest in the world and is significantly lower in comparison to Russia, Japan, China, United States, and even neighbouring countries like Pakistan and Bangladesh,” the company added.The company declared a dividend of Rs 4.75 per share.ITC is being seen as largely remaining unaffected by the proposed GST rates announced by the GST Council last week with some even viewing as slightly beneficial for cigarette makers.While the GST rate is 28 percent with a 5 percent cess, along with an additional cess based on the length of cigarettes (either 290 percent or Rs 4,170 per thousand sticks or a combination of both). The “World No Tobacco Day” on May 31 will be observed this year with the theme “”Tobacco – a threat to development.”Godfrey Phillips India, VST Industries, Golden Tobacco and NTC Industries are the other listed cigarette companies in India. The share price of ITC closed at Rs 308.65 on the Bombay Stock Exchange (BSE) on Friday, translating into a gain of 10.79 percent since May 18, when the stock closed at Rs 278.The six-month gain, based on November 28, 2016 closing price of Rs 233), comes to 32 percent.The BSE Sensex closed 278 points higher at 31,028 on Friday. A Wills Lifestyle showroom in Bengaluru.IBT Media/S V Krishnamacharilast_img read more

Narayanganj accident death toll rises to 10

first_imgPeople sustained injuries in a road accident in Narayanganj have been undergoing treatment at the Dhaka medical College Hospital on 26 February. Photo: Dipu MalakarAt least 10 people, including two children, were killed and 50 others injured in a road accident on Dhaka-Chittagong highway at Tribordi in Sonargaon upazila of Narayanganj on Monday noon, reports UNB.One of the deceased was identified as Yasmin, a worker of Ananta Trading garment.A Chittagong-bound ‘MD Yasin Paribahan’ bus from Dhaka hit a lorry when its driver lost control over the steering, leaving eight passengers of the bus dead on spot and 52 others injured around 2:00pm, said Abdul Qaiyum, officer-in-charge Kanchpur Highway Police.Among the injured, two succumbed to their injuries on way to Dhaka Medical College and Hospital, the OC added.Locals rescued the injured and sent 24 of them to DMCH and the rest to Sonargaon Upazila Health Complex.Additional superintendent (crime) Motiar Rahman has already visited the spot.last_img read more

10 Things To Know For Wednesday

first_imgAPUS Secretary of State Rex Tillerson steps out of a plane upon arrival in Moscow’s Vnukovo airport, Russia, Tuesday, April 11, 2017. Tillerson is due to meet with Russian Foreign Minister Sergey Lavrov on Wednesday. (AP Photo/ Ivan Sekretarev)1. TILLERSON, LAVROV OPEN TENSE MEETING IN MOSCOWAmid tensions in Syria, the Russian foreign minister says he has a lot of questions about the “very ambiguous” and “contradictory” ideas coming from the U.S.2. RECORDS MATCH SOME UKRAINE LEDGER PAYMENTS TO EX-TRUMP AIDEFinancial records obtained by the AP confirm that at least $1.2 million in payments listed in the ledger next to Paul Manafort’s name were received by his U.S. consulting firm.3. WHAT CHINESE LEADER IS TELLING TRUMPXi Jinping calls to tell the U.S. president that Beijing is willing to work with Washington on ending North Korea’s nuclear weapons program, but wants a peaceful solution.4. UN PEACEKEEPERS’ CHILD SEX RING LEFT VICTIMS, BUT NO ARRESTSAn AP investigation of U.N. missions during the past 12 years finds nearly 2,000 allegations of sexual abuse and exploitation by peacekeepers and other personnel around the world.5. WHO’S MAKING A SURPRISE RUN FOR IRANIAN PRESIDENTMahmoud Ahmadinejad files to run in the country’s May election, contradicting a recommendation from the nation’s Supreme Leader to stay out of the race.6. ‘I’M A GONER’AP recounts the final hours before the freighter El Faro and its 33-person crew perished in the waters off the Bahamas during Hurricane Joaquin in 2015.7. UNITED PLEDGES TO REVIEW BUMPING POLICIESThe head of United’s parent company says the airline is reaching out to the Kentucky man dragged off a United Express plane in Chicago to “resolve this situation.”8. KANSAS OUTCOME A WARNING TO GOPA slimmer than expected Republican win for a U.S. House seat in Kansas may portend a tougher fight for three more special elections in Georgia, Montana and South Carolina.9. FOR THE PARALYZED, HOPEToyota is introducing a wearable robotic leg brace designed to help partially paralyzed people walk.10. WHERE BILL O’REILLY IS HEADINGThe Fox News Channel host is taking a planned vacation from his show amid sponsor defections triggered by sexual harassment allegations. Sharelast_img read more

Fahion hacks for a quick new look

first_imgYour clothes portray your style and your fashion choices. They radiate your confidence and make you feel good. Some people dress eccentrically to stand out in a crowd. Fashion is an art and art is always versatile which not only relates to the dress you are wearing but everything that integrates into your outfit. In order to succeed, fashion brands have no choice but to be creative. But don’t worry; we always have a solution and you don’t have to burn a hole in your pocket to become a style expert. It’s time to upgrade your cupboard with chic styling ideas. Also Read – Add new books to your shelfNeck-tie for watch strapGot some old-ties dead in your cupboard from high school times? Time for some watch makeover! This is something really comfortable, colorful and economical at the same time. Just cut off the old and worn-out strap from your watch and replace it with a colorful neck-tie you have. Simply roll the tie on your wrist 1-2 times and tie a small knot to have the comfortable look. You can also add some beads and chain locks at the ends. Besides that, it’s easily washable, unlike leather straps. Also Read – Over 2 hours screen time daily will make your kids impulsiveFishnets and ripped jeansThe ‘ripped jeans’ trend has completely flooded the planet. It is so common to see people pairing these up with t-shirts or crop tops. But there’s always something different that can be done. You can wear fishnet stockings under your ripped jeans to have a completely different and attractive look. All it takes is the right amount of inspiration to work them into your existing wardrobe. Let them peek out from under your jeans, or show a few inches of fishnet just above your pants’ waistband. Scarf for sandal strapsSummer is the ultimate season for sandals, but don’t just settle for plain flip flops. With a little creativity, you can make cute ‘scarf sandals’ out of your old flats. All you need is a cheap pair of flip flops, a colorful scarf, and scissors. Cut the scarf in two and start wrapping half of it on the strap of your slippers and tie a little knot at the end. You can wrap the remaining length of the scarf around your ankle to create a sandal look. You can use small hooks, beads or simple knots to hold the ends together. If you ever get bored, you can just change up the scarf and give your sandals a whole new look.Sock bootsAll you need to make your own ‘sock boot’ is a pair of pointy-toed pumps, thin knit socks, and a piece of sandpaper. Simply roll the sock over the heel of your pumps, cut a hole at the heel and slide it through the sock and stick sandpaper (or non-slip grips) at the bottom of the sole to avoid any skidding. This will also save the lives of so many innocent animals killed to make those expensive leather boots. Another thing you can do is to wear a similar color stockings under a tying-sandal to get the perfect boot look for summers. The fitting of these boots are much more attractive than the regular boots, less warm and don’t restrict movement.Go ahead and apply these fashion hacks to have your own unique look this summer.last_img read more

Over 100 films in 7 days to sensitize kids

first_imgThe coming week of December will see over 100 feature films, short films, and documentaries being screened at the Sirifort auditorium till December 17. Organized by Smile foundation, the much-awaited third edition of the ‘Smile International Film Festival for Children and Youth’ (SIFFCY) will open (on December 11) with ‘Village Rockstars’ – a critically acclaimed and award winning Indian film – in order to stimulate discussion among the youth and sensitize them about various issues. Also Read – Add new books to your shelfSIFFCY is the only children and youth film festival that showcases films catering to children and youth. Apart from showcasing the films, the festival also supports emerging filmmakers and recognizes the pioneers and leaders of the industry. SIFFCY has received over 2000 entries this year from over 100 countries.This year, the highlight of this one-of a kind festival will be the Dutch Cinema for which top 10 Dutch films have been curated and will be presented by Gert Herman from the European Children’s Film Association. Also Read – Over 2 hours screen time daily will make your kids impulsiveSIFFCY will also highlight burning issues of cleanliness, environment and climate change through a special selection of films and discussion forums – called SIFFCY goes Green, to create awareness on the environmental issues amongst children and youth.”Apart from film screenings, every year SIFFCY also organizes film making workshops with an objective to engage, educate and empower our children and youth. SIFFCY has been hosting various workshops in a special section called “Take One”. This year the workshop will be hosted by internationally acclaimed UK based organisation- ‘Films without Borders’ with the idea of engaging and educating children on filmmaking. The other highlight of the festival includes a special delegation from Japan coming to present a film on ‘Love and humanity against war’ (A film on selfless service of mankind post World War II)”, said Jitendra Mishra, Festival Director, SIFFCY.Other film line ups include: The day my father became a bush – a film about war through the eyes of a little girl, Cloud boy, a joint production by Belgium, Sweden, Norway, Netherlands, Junod from Japan, and Nafas and Glasses from Iran.last_img read more

Successful Startups Know How to Motivate Top Software Developers

first_img 4 min read July 11, 2018 This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. There’s an 87 percent employment rate among software developers. On average, there are five jobs for every software developer, according to a study by VentureBeat. The demand for software talent is still on the rise.Consequently, it is not surprising that human resource managers have a tough time recruiting, hiring and retaining software developers. Developers are fussy about selecting the companies they will work for. Even when they agree to work for a company, they can easily leave for the next at a split second, leaving behind a mountain of disappointment.Related: Confessions of an In-Demand Developer: How Too Many Job Offers Helped Me Craft My Own Coding Consultancy CompanyBut surprisingly, successful companies seem to have a formula for hiring, motivating and retaining top software developers. So how are they doing it? They use three Fs to inspire the best software talents:FreedomFlexibilityFunLet’s look at each one more closely.1. Freedom.Smart CEOs and COOs are not only good at their jobs, but they also have a knack for understanding and hacking their coders.With a million activities going on in a startup garage or apartment office, the grind and the constant pivot, the iteration and the race to outperform the competitors, the race to win a client and a customer — startup managers are focused on motivating their software developers.They achieve this by giving them freedom to make their own work choices. I’m not saying that developers should be given the opportunity to have the final say about the company’s product development, but managers should empower them to execute projects based on their own decisions.Of course, developers must respect the company’s rules and regulations. The techies feel more connected and engaged at work when they are given the power to make decisions about things like design and coding standards. They feel more relaxed and happy because they aren’t trapped in your “vision.” You make their work life freer, more creative and flexible.Speaking of flexibility … 2. Flexibility.You may think that successful startups have been run strictly by the books, that they fire staffers who show up late to work or don’t resume work on time after lunch breaks. While some companies are very strict — Amazon and Apple come to mind — others are pretty flexible. For example, VMware, a widely successful virtualization company, allows all of its employees — from coders to secretaries — to set their own working hours according to their needs.Related: Workplace Flexibility Can Impact How You Attract, Hire And Retain TalentUpwork, the largest online freelance marketplace with more than 10 million freelancers, is doing so much for remote workers. The company has an excellent flex work arrangement with super flexible office hours to keep their top software talents motivated.3. Fun.Flexibility is not just about giving your developers the freedom to work remotely or to choose when and where to work. Flexibility is also about giving them a moment at the office to have a little fun.Most software developers are big-time gamers. They like to decompress by playing video games, and they’ll never tire of the challenge of getting to the next level — and the next. The playing itself fuels their creative juices.While it cools them off, it also often helps them think positively and come up with newer and better creative ideas for their projects. Successful companies understand that, and they capitalize on it.OfficeVibe, for example, has an impressive “gamified” workplace for its coders and other employees. The gesture will surely motivate the talents to work for the company a lot longer. Whether a developer is bored or they just need to take a minute to play, they can spend some time playing and recharging, and then they can resume their work more energized than before. Related: Hiring the Modern Programmer: Does That Smart New Software Developer of Yours Also have ‘Soft Skills?’Conclusion.Recruiting and hiring software developers is not an easy task. With more available jobs waiting than developers to fill them, it’s not easy to hire and retain top software talent for your company. However, managers at big companies understand what motivates developers, keeps them engaged and encourages them to stay:Freedom at workFlexible work scheduleFun environmentGive them these three incentives, and they’ll be all yours, hardly considering a transfer to anywhere else. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Opinions expressed by Entrepreneur contributors are their own. Enroll Now for Freelast_img read more

Another goround at a passenger bill of rights with Garneaus new legislation

first_img OTTAWA — Transport Minister Marc Garneau has introduced legislation to create a new passenger bill of rights, which will give travellers a better idea of when airlines will have to compensate them.The legislation is part of a package of changes to the Canada Transportation Act, which also introduces new foreign ownership limits for airlines, requires railways to install voice and video recorders in locomotives and improves transparency and efficiency in the freight rail industry.Garneau promised the bill of rights last month in the wake of widespread alarm after a United Airlines passenger was injured when he was dragged from a plane in Chicago.Garneau has already told airlines operating in Canada such an incident is not to happen here, but the bill lays out more rules for the industry to follow and spells out in clear language that no one can be involuntarily removed from a plane due to overbooking.The bill will enable the government to force airlines to create clear standards of treatment and compensation for circumstances including being denied boarding, delays while already on board and lost or damaged baggage.More news:  Carnival Cruise Line enhances HUB app for families and youthAirlines will not be able to charge parents a fee to be able to sit next to their children, and carriers will also have to have standards for transporting musical instruments. Tags: Canada Share Posted by Another go-round at a passenger bill of rights with Garneau’s new legislationcenter_img << Previous PostNext Post >> Tuesday, May 16, 2017 The Canadian Press last_img read more