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Headlines Tagged with ITC 528 headlines found

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[Asia, India] ITC plunges over 8% as government hikes excise duty on cigarettes

Stocks of Godfrey Phillips India were down by 1.90 per cent, while VST Industries fell by 0.86 per cent on the BSE. Finance minister Arun Jaitley on Saturday came down heavily on smokers and tobacco consumers with a steep increase in excise duty.
PTI - Press Trust of India (in)
added Mar 8, 2015 15:39
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[Asia, India] ANANTHANARAYANAN: Budget 2015: Cigarettes get short end of the stick - Livemint

But there is a silver lining ... A common Goods and Services Tax (GST) is set for implementation from 1 April 2016. Reports had indicated that tobacco products will be part of GST. That may eliminate distortions created by arbitrary state levies on cigare
livemint.com (in)
added Mar 7, 2015 18:53
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[Asia, India] More Tax Means More Contraband Cigarette Intake: ITC

The more you tax cigarettes, the more is consumption of contraband tobacco products, said ITC chairman Y C Deveshwar while expressing hopes of a "moderate budget" this year. It may be noted that ITC's revenue from cigarettes grew by marginal 0.62 per ce
PTI - Press Trust of India (in)
added Feb 2, 2015 18:48
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[Asia, India] Budget 2015: More tax on cigarette means more contraband tobacco intake, Y C Deveshwar

The more you tax cigarettes, the more is consumption of contraband tobacco products, said ITC Chairman Y C Deveshwar while expressing hopes of a "moderate Budget" this year. It may be noted that ITC's revenue from cigarettes grew by marginal 0.62 per ce
The Economic Times (India)
added Feb 2, 2015 17:46
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[Asia, India] Cigarette Taxes Weigh on ITC Results, Shares Fall

profit fell slightly short of analyst estimates as higher taxes on cigarettes and a government push to discourage tobacco consumption hurt sales, sending shares down 5 per cent Wednesday.
Reuters
added Jan 21, 2015 10:22
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[Asia, India] ITC shares slump 4 per cent as govt proposes ban on sale of loose cigarettes

PTI - Press Trust of India (in)
added Jan 14, 2015 10:37
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[Asia, India] ITC jumps on likely hold on loose cigarette ban

on reports that the government has indicated that it is in favour of wider consultations before bringing any amendments to the existing laws to restrict the sale of loose cigarettes. Steel Authority of India (Sail) dropped after the government announced t
Business Standard (in)
added Dec 4, 2014 20:42
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India moves toward ban on loose cigarettes to deter smoking

India moved a step closer to banning the sale of unpackaged cigarettes... More than 70 percent of the cigarettes sold in India are loose. The federal health ministry has accepted the recommendation of an internal panel and will seek cabinet approval befo
Reuters
added Nov 26, 2014 10:58
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[Asia, India] ITC jumps on new health minister appointment

ITC Ltd jumps 4.3 percent, heads towards its biggest single-day gain since Sept. 10, 2013. Traders cite appointment of J.P. Nadda as new health minister as reasons behind gains...hope new minister may not pursue a much speculated tax increase
Reuters
added Nov 11, 2014 15:44
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[Asia, India] Smoking curbs likely to cast a shadow on ITC's cash cow

the company's bread and butter continues to be the tobacco business. Its September quarter performance continues to display this trend where the bulk of its profits - as much as 85 per cent - have come from the cigarettes business while its hotels and con
The Economic Times (India)
added Nov 2, 2014 10:31
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