ITC’s Hotels sector, now demerged into ITC Hotels Ltd (effective January 1, 2025, though ITC still holds a 40% stake), comprises a chain of luxury hotels and resorts across India operating under brands like ITC Hotels and Welcomhotel, emphasizing “Responsible Luxury.” Their Agri Business is one of India’s largest integrated agri-businesses, involved in sourcing agri-commodities through initiatives like e-Choupal, supplying feed ingredients and marine products, and focusing on value-added segments like processed fruits. This also includes their Indian Leaf Tobacco Development (ILTD) business.
The Paperboards and Packaging division is India’s largest, producing paperboards, specialty papers, and sustainable packaging solutions for various industries. Finally, Information Technology (ITC Infotech), a wholly-owned subsidiary, provides global IT services, further diversifying ITC’s business interests. In essence, ITC has strategically diversified its business portfolio, establishing strongholds in the FMCG and other sectors while maintaining a significant presence across the Indian economy. The recent demerger of the hotel business aims to enhance focus and create value for each segment.
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Himachal Pradesh High Court Rejects Himalaya’s Appeal Against Goods and Services Tax Show Cause Notice
The Himachal Pradesh High Court has dismissed a petition filed by Himalaya Wellness Company, challenging a show cause notice (SCN) issued by the tax department seeking to recover ₹4.37 crores in allegedly inadmissible input tax credit (ITC). The company, a partnership firm, distributes personal care and pharmaceutical products and had employed Goods Transport Agencies (GTAs) to transport goods into and out of Himachal Pradesh. The tax department had imposed GST on the GTA services under Reverse Charge and the company had claimed ITC on the GST paid.
An audit was conducted by the Central Tax Department, which found discrepancies and issued a notice to the company. The company responded with a detailed explanation, but the department rejected it and issued a final audit report. A notice was then sent to the company demanding ₹4,37,17,830 under penalty and interest, which the company refused to pay. A show cause notice was subsequently issued proposing the recovery of ₹4,36,75,439 in inadmissible ITC, ₹27,446 in short-paid GST, and ₹14,945 as interest, along with applicable penalties.
The company approached the high court, challenging the SCN, but the court dismissed the petition, holding that acceptance of a show cause notice does not signify that the notice was prejudiced or in defiance of principles of natural justice. The court also held that it would be premature to acknowledge a writ petition under Article 226 of the Constitution at this stage, as the proceedings are still at the notice stage. The court noted that the SCN has the information to explain its issuance, and interfering at this stage would be interrupting another lawful administrative procedure in its tracks.
The decision validates that courts do not interfere in the phase of notice in tax cases unless there is factual proof of legal or constitutional breaches. The court’s decision was based on the principle of natural justice, which holds that a person has the right to be heard before a decision is made against them. In this case, the company had been given the opportunity to respond to the SCN and the court held that it would be premature to intervene at this stage. The petition was rejected, and the company will have to respond to the SCN and follow the due process of law.
Top brands like Mahindra, Procter & Gamble, and Amazon lead the pack with exciting offers; check them out
The Indian Institute of Management Ahmedabad (IIM Ahmedabad) recently completed Cluster 2 of its Summer Placements for the PGP Class of 2027. The placement round, which took place on October 31, 2025, was conducted in a hybrid format, allowing companies to participate virtually or in person. Over 60 roles were made available across diverse profiles, with participating organizations from seven key sectors: Advertising & Media, Conglomerates, Consumer Goods, Consumer Services, Financial Platforms & Services, Pharmaceuticals & Healthcare, and Retail B2B & E-commerce.
In the Conglomerate domain, Mahindra & Mahindra emerged as the top recruiter, followed by TATA Administrative Services and Aditya Birla Group. Other participants included CK Birla Group, JSW, Vedanta Limited, and Abhinandan Ventures. In the Consumer Goods space, Procter & Gamble led the hiring drive, with notable hiring from ITC, Hindustan Unilever, Nestlé, and Coca-Cola, among others.
The Financial Services sector saw FinIQ Consulting as the top recruiter, while Jiostar led the chart in Advertising & Media. Amazon and Flipkart continued to dominate the Retail B2B & E-commerce sector. The Healthcare and pharmaceutical firms, including Glenmark, Dr. Reddy’s Laboratories, and Optum, also made key offers. International offers were received from Fast Retailing Co. Ltd.
Notably, IIM Ahmedabad welcomed several new recruiters this season, including Medtronic India, Philip Morris International, Dainik Bhaskar, Haleon, Jiostar, and Jupiter Money. The institute will conduct Cluster 3 of the Summer Placement drive on November 3, 2025. IIM Ahmedabad is renowned for its academic excellence, research, and top placements, and is committed to fostering global business leaders and innovative thinkers. The successful completion of Cluster 2 of the Summer Placements is a testament to the institute’s strong industry connections and the high demand for its students.
IIM Ahmedabad’s Cluster 2 Summer Placements for 2025 See Mahindra, Procter & Gamble, and Amazon Emerge as Top Recruiters
The Indian Institute of Management Ahmedabad (IIMA) has completed the second cluster of its Summer Placement process for the PGP Class of 2027. The placement process, which was conducted in hybrid mode, featured companies from seven major sectors: Advertising and Media, Conglomerates, Consumer Goods, Consumer Services, Financial Platforms and Services, Pharmaceuticals and Health Care, and Retail B2B and E-commerce. Over 60 roles were offered by a diverse group of recruiters.
The Conglomerates sector saw Mahindra & Mahindra making the most hires, followed by TATA Administrative Services and Aditya Birla Group. In the Consumer Goods sector, Procter & Gamble led the hiring, followed by ITC Limited. Other top recruiters in this sector included AB InBev, Asian Paints, and Hindustan Unilever. FinIQ Consulting emerged as the top recruiter in the Financial Platform and Services sector, while Jiostar led in Advertising and Media. Amazon and Flipkart were among the leading recruiters in the Retail B2B and E-commerce space.
The Pharmaceuticals and Health Care sector saw strong participation from companies such as Glenmark, Dr. Reddy’s Laboratories, and Emcure Pharmaceuticals. Students also received international offers from Fast Retailing Co. Ltd. New recruiters at IIMA this year included Dainik Bhaskar, Haleon, Jiostar, Jupiter Money, Medtronic India, and Philip Morris International.
The placement process has been a success so far, with many top companies participating and offering a wide range of roles to students. The third cluster of IIMA’s Summer Placement process is scheduled for November 3, 2025. The institute has seen a strong participation from various sectors, with many new recruiters joining the process this year. The summer placements are an important part of the IIMA curriculum, providing students with an opportunity to gain practical experience and build their professional network.
The diversity of recruiters and the range of roles offered reflect the strong reputation of IIMA and the quality of its students. The institute’s placement process is designed to provide students with a wide range of opportunities, and the completion of the second cluster is a significant milestone in this process. With the third cluster scheduled to take place soon, students and recruiters alike are looking forward to the next stage of the placement process. Overall, the summer placements at IIMA have got off to a strong start, with many top companies participating and offering exciting opportunities to students.
ITC Hotels Limited Makes Strategic Moves into Andhra Pradesh and Telangana Markets
ITC Hotels Limited has announced the signing of definitive agreements with DSR Hospitality Services to manage two new hotels in Nellore and Hyderabad under its Welcomhotel by ITC Hotels brand. This expansion will increase ITC Hotels’ presence in Andhra Pradesh and Telangana. The Welcomhotel by ITC Hotels Hyderabad Panjagutta will feature 117 rooms and over 800 square meters of meeting space, while the Welcomhotel by ITC Hotels Nellore will have 127 rooms and over 2600 square meters of meeting space.
Anil Chadha, Managing Director of ITC Hotels Limited, expressed his happiness about the partnership with DSR Hospitality Services, stating that it aligns with their vision of strategic growth into new cities and strengthens their presence across India. D Sudhakar Reddy, Managing Partner of DSR Hospitality Services, also commented on the occasion, saying that they are delighted to announce their alliance with ITC Hotels for the development of their upcoming properties in Hyderabad and Nellore.
The partners of DSR Hospitality Services, D. Prabhakar Reddy and D. Raghurami Reddy, added that these projects are significant for their company, and they look forward to a successful collaboration with ITC Hotels. They believe that ITC Hotels, with its rich legacy and proven expertise, is uniquely positioned to deliver personalized and exceptional service excellence to both destinations. The partnership aims to bring world-class developments to the region, contributing to its growth.
The expansion of Welcomhotel by ITC Hotels is a result of the company’s asset-right strategy, which involves associating with hotel developers for new management opportunities. This strategy has enabled the brand to grow and increase its visibility across India. With these two new additions, ITC Hotels Limited is set to strengthen its presence in Andhra Pradesh and Telangana, offering high-quality hospitality and food and beverage experiences to guests in the region.
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