India's ITC Q3 Net Rises 16 pct, Beats Forecast

January 17, 2008

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India's top tobacco firm, ITC Ltd, on Friday beat market forecasts with a 16 percent rise in quarterly profit, helped by strong growth in packaged foods and hotels, as it bolsters its non-cigarette businesses further.

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ITC Limited
ITC Limited is an Indian telecommunications giant and cigarette manufacturer diversifying in the Consumer Packaged Goods market, including the snack foods sector with its brand 'Bingo!' launched in 2007.

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