Sanjiv Puri, CMD of ITC, expresses the aspiration for ITC to grow ahead of the economy, particularly in the domestic consumption sector. He acknowledges the global context as a dampener but highlights the potential in the Indian economy and the company’s plans to scale up the core portfolio, address adjacencies, and build future categories.
MF margins to face pressure; volumes to compensate: ICICI Pru AMC
ICICI Prudential AMC’s IPO is open for subscription, with Nimesh Shah expecting profitability pressures from growing AUM to be offset by falling unitholder fees. He