Sanjiv Puri appointed ITC chief; Q4 profit up 19%

The board of directors of ITC Ltd, at a meeting on Monday, appointed Sanjiv Puri -- the current managing director of the FMCG gaint -- as the chairman of the company after the spot got vacated following the demise of Y C Deveshwar, it's longest-serving chairman. Meanwhile, the company reported a profit of Rs 3,482 crore in the fourth quarter, up 19 per cent from Rs 2,933 crore posted in the same period last year.

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