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The Latest Breaking News from ITC

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

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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

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.

The Times of India

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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:

Dynamite News

215hp Volkswagen Virtus ITC race car revealed

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

The Hindu

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.

Al Jazeera

ITC team trains Tourism hotel staff

VIJAYAWADA

The Hindu

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…

Bangkok Post

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.

The Times of India

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.

Reason

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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.

Chicago Sun-Times

How Biden can help this suburban company tackle inflation, supply chain woes

The Biden administration must step in on a trade dispute involving an Oak Brook-based company that supplies the home building industry. Hundreds of jobs could be at stake.

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The Hindu

‘Welcomhotel is first LEED platinum certified hotel in State’

Welcomhotel, Guntur, which was opened by Chief Minister Y.S. Jagan Mohan Reddy on January 12, is the first LEED Platinum certified hotel in the State, said Sanjiv Puri, chairman of ITC Ltd. The rating

The Times of India

ITC reports 15% jump in net profit to Rs 4,118.8 crore in December quarter

NEW DELHI: Diversified entity ITC Ltd on Thursday reported a 15 per cent increase in consolidated net profit to Rs 4,118.8 crore for the third quarter ended December 31, 2021, on the back of robust demand across business verticals.

The Times of India

Sensex gains over 135 pts in early trade; Nifty tests 18,350

MUMBAI: Equity benchmark sensex climbed over 135 points in opening trade on Tuesday, tracking gains in index-majors ITC, Tech Mahindra and Bajaj Finserv amid a largely positive trend in the global markets. Starting on a positive note, the BSE gauge was trading 138 points or 0.23 per cent higher at…

Newslaundry

RSS arm bats for ITC, but says it doesn’t support tobacco

Swadeshi Jagran Manch’s (SJM) endorsement for using Indian conglomerate ITC’s Fast Moving Consumer Goods (FMCG) products over that of multinational companies comes as a bit of a surprise. SJM is, after all, an arm of the right-wing group, Rashtriya Swayamsevak Sangh (RSS).

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