Diversified conglomerate ITC Limited on Wednesday said that the company will continue to deliver robust growth despite key concerns such as inflation.

Speaking at the company's AGM virtually, CMD of ITC Sanjiv Puri said that in the FMCG space, the firm has nurtured 25 brands and the newer ones will garner an annual consumer spend of Rs 24,000 crore.

Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).

He replaces Alok Gupta who superannuated last month.

The government on Wednesday slashed the newly-introduced windfall tax on petrol, diesel, aviation fuel, and crude oil following global oil price ease from a sharp spike.

The move, which is effective from July 20, will give relief to top fuel exporters like Reliance Industries, and oil explorers like Oil and Natural Gas Corporation (ONGC).

The Central Bureau of Investigation has named 41 people, including senior officials of Eastern Coalfields Limited, in its charge sheet filed at a court in West Bengal's Asansol in a multi-crore coal pilferage scam.

Among others who find mention in the charge sheet are private companies and unknown officials of the CISF and Railways, a CBI statement said.

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products.

The Seattle-based e-commerce giant said in a statement posted on its website Tuesday the Facebook groups were set up to recruit people willing to post incentivized and misleading reviews across its stores in the U.S. the UK, Germany, France, Italy, Spain and Japan.

Marriott International has signed an agreement with BeeKay Group to bring five new hotels to Jharkhand and West Bengal, the company said in a statement on Monday. Slated to open between 2024 and 2026, the agreement is expected to add more than 700 rooms to Marriott International’s existing portfolio in the country.

Marriott's Le Méridien brand is expected to debut in East India with the opening of Le Méridien Ranchi. Other planned openings include Courtyard by Marriott Asansol, Fairfield by Marriott Maithon, Fairfield by Marriott Ranchi, and Fairfield by Marriott Deoghar.

The rupee on Tuesday weakened to 80 per US dollar for the first time in history before recovering ground as banks sold the greenback on behalf of exporters, dealers said.

The rupee weakened to a low of 80.05 against the US dollar in opening trade and was last at 79.95. It closed at 79.98 on Monday.

Dealers said they had not seen the Reserve Bank of India (RBI) making heavy market interventions, but it is likely to sell dollars if the rupee weakened well past 80.10.

Shares of two-wheeler companies were in focus with TVS Motor Company and Eicher Motors at their respective 52-week highs on the BSE in Tuesday’s intraday trade on expectation of healthy demand for vehicles on back of strong rural demand supported by favorable rabi output, increase in crop prices and opening up of schools and colleges.

Among the individual stocks, TVS Motor hit a record high at Rs 888.80, up 1 per cent, surpassed its previous high of Rs 885.85 touched on July 1, 2022. Eicher Motors hit a fresh 52-week high of Rs 3,088, up nearly 2 per cent in intraday trade today.

To provide employment opportunities to women in the public transportation sector, the Delhi government on Monday announced that it will bear 50 per cent of the cost to train them as commercial drivers, an official statement said.

As part of the scheme, the government will invite fleet owners and cab aggregators to sponsor the remaining 50 per cent of the training cost for the women drivers seeking employment in these companies, it said.

The Lucknow bench of Allahabad High Court has said that the revision petition filed against the acquittal of all 32 accused persons, including former Deputy Prime Minister L.K. Advani, the then Uttar Pradesh Chief Minister Kalyan Singh, senior BJP leaders -- Murli Manohar Joshi, Uma Bharti, Vinay Katiyar, Sadhvi Ritambhara, Brij Bhushan Sharan Singh -- in Babri mosque demolition case was not maintainable and hence directed its office to convert and treat the revision as criminal appeal. The Court has fixed August 1 as the next date of hearing.

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