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British American Tobacco plans to offload stake in India’s ITC Hotels

Dec 4 (Reuters) – British American Tobacco is looking to offload its stake in India’s ITC Hotels, it said on Thursday, through an accelerated bookbuild process. The tobacco group plans to sell between 7% and its entire 15.3% stake in ITC Hotels, with proceeds from the block trade earmarked for deleveraging its balance sheet. In May, BAT sld a $1.5 billion stake in ITC Ltd, the parent company from which ITC Hotels was spun off as a separate listed entity in January. “As previously stated, a direct stake in ITC Hotels is not a strategic holding for BAT,” CEO Tadeu

Persons with disabilities represent less than 1 pc of corporate workforce: Report

Mumbai, Dec 4 (PTI) There is less than 1 per cent representation of persons with disabilities (PwDs) at organisations across the country even as there has been a discussion, advocacy and policy reform over the years, a report said on Thursday. The total number of corporate workers with disabilities remains below 1 per cent, and 37.9 per cent of the companies surveyed indicated that they do not have any permanently employed disabled individuals, according to Marching Sheep PwD Inclusion Index 2025: Building Disability confident organisations report. The Marching Sheep PwD Inclusion Index 2025: Building Disability confident organisations report is based

Gold falls Rs 600 to Rs 1,31,600/10g on muted global trends, rate-cut jitters

New Delhi, Dec 4 (PTI) Gold prices fell by Rs 600 to Rs 1,31,600 per 10 grams in the national capital on Thursday, following weak global trends and investor caution ahead of the US Federal Reserve’s policy meeting next week. The precious metal of 99.9 per cent purity had closed at Rs 1,32,200 per 10 grams on Wednesday. Silver extended its losses for the second straight day, depreciating by Rs 900 to Rs 1,80,000 per kilogram (inclusive of all taxes) from the previous close of Rs 1,80,900 per kg. “Gold prices retreated on Thursday amid a lack of follow-up buying

Rupee recovers from record low level, rises 19 paise to close at 89.96/USD

Mumbai, Dec 4 (PTI) The rupee rebounded from its all-time low levels and appreciated by 19 paise to close at 89.96 against the US dollar on Thursday, on softness in the US dollar index and on reports of the Reserve Bank of India’s supposed intervention. Forex traders said the greenback fell after ADP non-farm payroll data came in sharply below forecast, and the softness in the US dollar index supported the rupee at lower levels. The rupee opened weak earlier in the day and touched a fresh all-time low of 90.43 amid selling pressure from foreign investors and rising crude

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