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The Latest Breaking News from ITC

ITC beats Q1 profit estimates on steady tobacco demand

NEW DELHI: Diversified entity ITC Ltd on Monday reported a 16.08 per cent rise in consolidated net profit at Rs 5,180.12 crore in the first quarter ended June 2023.

The Times of India

Bull run continues: Sensex ends above 67,000-mark, Nifty at new closing peak of 19,833.15

Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets. Read further on Dynamite News:

Dynamite News

Deer Park chemical fire in 2019 could have been prevented, federal investigation finds

The U.S. Chemical Safety and Hazard Investigation Board found that the ITC tank farm lacked crucial equipment to warn workers about the failure that led to the three-day fire.

The Texas Tribune

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The millet makeover: Nutrihub, ICAR-IIMR’s technology business incubator for millet start-ups is a game changer

Nutrihub, ICAR-IIMR’s technology business incubator for millet start-ups. Scientists at the Indian Institute of Millet Research are helping start-ups create products,

The Hindu

Madras High Court sentences four directors of Golden Tobacco Limited to two weeks of simple imprisonment

Four Directors of GTC have been awarded two weeks prision in a contempt suit filed against them

The Hindu

Google ordered to pay Sonos $32.5 million over patent infringement dispute

Sonos has won a patent infringement lawsuit against Google that began in 2020, with a jury finding that Google's smart home products infringed on a Sono-owned patent.

Android Central

Houston-area chemical fire highlights gaps in Texas environmental enforcement

A fire broke out at a Deer Park Shell plant the day after a public hearing on renewing the permit for ITC, a nearby facility that caught fire in 2019, sparking a Texas Tribune/Public Health Watch investigation that documented failures in state and federal oversight.

The Texas Tribune

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At a heated public hearing, residents urge state agency to reject permit for chemical facility that burned in 2019

In Deer Park near Houston, memories of the massive ITC fire are still fresh. Residents told state environmental regulators they should reject the company’s permit renewal, but officials said the fire won’t be part of the decision.

The Texas Tribune

Toxic benzene lingered for weeks after shelter-in-place warnings ended following 2019 Houston-area chemical fire

The Texas Tribune analyzed previously unreported air monitoring data and records from the 2019 ITC chemical disaster near Houston and found that high benzene levels lingered in the air for two weeks after public health measures were lifted. Experts say more shelter-in-place advisories should have been issued.

The Texas Tribune

For years, the EPA and Texas ignored warning signs at a chemical storage site. Then an inferno erupted.

Regulators repeatedly documented — but did little to address — problems at a Houston-area tank farm. Then on March 17, 2019, a fire blew through a corner of the facility, releasing toxic chemicals into nearby communities for weeks.

The Texas Tribune

Delhi South CGST unearths fake invoicing racket involving tax evasion of Rs 17 crore, arrests two persons

The Central Goods and Service Tax (CGST) Delhi South Commissionerate has busted a racket of firms fraudulently claiming Input Tax Credit (ITC) of Rs 17 crore and arrested two people in connection with the matter. Read further on Dynamite News:

Dynamite News

U.S. Trade Commission Admits Tariffs Raised Prices for American Consumers

American companies and consumers "bore nearly the full cost of these tariffs because import prices increased at the same rate as the tariffs."

Reason

Reliance brings back Campa Cola of the 70s

NEW DELHI: Billionaire Mukesh Ambani's Reliance re-launched the 50-year-old iconic beverage brand Campa Cola in a new contemporised avatar as it looks to ramp up its own consumer goods offering to take on competition from Adani, ITC and Unilever.

The Times of India

What a US ban of the Apple Watch could mean for Australia

Apple facing a ban on one of its core products in the US – and the outcome could have implications for Apple Watch fans in Australia.

The New Daily

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The Times of India

Sensex surges 600 points to scale 61,000-mark; ITC, RIL sparkle

MUMBAI: The BSE benchmark sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues.

Dynamite News

Study shows how menthol cigarette bans encourage smokers to quit

According to a recent study, the 2020 European menthol cigarette ban increased the likelihood that menthol smokers will give up smoking. Read more on Dynamite News:

The Hindu

215hp Volkswagen Virtus ITC race car revealed

Volkswagen Motorsport India’s latest race car is based on the Virtus sedan. Built specifically for t

Al Jazeera

Reliance emerges as a winner after India’s wheat ban

Reliance had the paperwork it needed to export wheat and has quickly become the No 2 exporter since the ban.

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The Hindu

ITC team trains Tourism hotel staff

VIJAYAWADA

Bangkok Post

World in crisis needs trade, aid

We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of Covid, climate change, conflict and cost-of-living has undone years of hard-fought development gains. As financial conditions tighten, even countries that had…

The Times of India

ITC shares hit 52-week high in intra-day; rally over 37% so far this year

NEW DELHI: ITC shares hit its one-year peak on Thursday amid talks about an organisational restructuring at the conglomerate, including demerger of hotels business and listing of its technology venture in the future.

Reason

American Steelmakers Are Still Defending Trump's Tariffs That Crushed Consumers

Any gains seen by the steel industry from tariffs have been overshadowed by the losses for downstream companies and higher prices for consumers.

The Hindu

Four police officials in Tirupati suspended on charge of corruption

TIRUPATI

The Times of India

Andhra Pradesh: Four including CI and 3 SIs suspended on corruption charges in Tirupati urban police district

TIRUPATI: The police department has cracked the whip against four errant police officers on corruption charges at the Tirupati urban police district on Wednesday.

The Times of India

ITC employees with over Rs 1 crore salary goes up to 220, MD's pay rises 5% in FY22

NEW DELHI: The number of employees at conglomerate ITC drawing a salary of over Rs 1 crore per annum has gone up by 44 per cent in the recently-concluded FY2021-22 fiscal, according to the company's annual report.

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