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Headlines Tagged with ITC 502 headlines found

7 Views

[Asia, India] Can ITC's FMCG business come to the rescue as cigarettes falter?

Fearing a disruptive tax regime for cigarettes, the market has re-rated shares of ITC, expecting a decline in cigarette volumes and earnings. While the stock has fallen 12% over the last month and a half, its multiples have compressed over the last year.
Business Standard (in)
added Jun 30, 2014 12:52
14 Views

[Asia, India] ITC drops on buzz of hike in tax on cigarettes in Budget

Index heavyweight and cigarette maker ITC dropped almost 5% on reports that Union health minister Harsh Vardhan has urged Finance Minister Arun Jaitley to raise tax on cigarettes in the upcoming final Union Budget for 2014-15 to deter people from smoking
Business Standard (in)
added Jun 23, 2014 09:55
14 Views

[Asia] UPDATE 2-Taxing times make smaller smokes healthy for India's ITC

Indian tobacco firm ITC Ltd's move to shorten low-priced cigarettes by 5 millimetres helped fourth-quarter profit jump 18 percent as customers snapped up smokes small enough to qualify for a lower government tax rate. A pick-up in low-cost cigarette cons
Reuters
added May 27, 2014 12:41
7 Views

[Asia, India] Bombay HC restrains NTC industries from infringing ITC trademark

The Bombay High Court granted an order of injunction restraining NTC Industries from infringing ITC’s trademarks and appointed a Receiver to undertake inventory of the infringing stocks at the NTC factory located in BT Road, Kolkata.
Hindustan Times (in)
added May 26, 2014 14:00
7 Views

ITC's 'smaller smokes' move pays off, profit jumps 18 percent

customers snapped up smokes small enough to qualify for a lower government tax rate. ITC also said its non cigarette consumer goods business had in the March quarter posted the highest ever pre-tax profit of Rs.43.09 crore against Rs.11.87 crore a year a
Authint Media (in)
added May 24, 2014 15:32
5 Views

[India] SHUKLA: Big Tobacco, Big Conflicts

Ehsaan Latif, Director of Tobacco Control at the International Union Against Tuberculosis and Lung Disease, explained the situation in a nutshell: "In countries where poverty is still a challenge, any donation by the tobacco industry is seen by the policy
Asia Sentinel (hk)
added Sep 20, 2013 11:43
17 Views

[India] How the economics & politics of tobacco is killing lakhs every year

The Supreme Court has hinted at 'connivance' between govt and the tobacco lobby. ITC has made donations to political parties, including the Congress and the BJP. Salman Khurshid, then Union law minister, said at last year's Godfrey Phillips National Bra
The Economic Times (India)
added Aug 18, 2013 16:42
6 Views

[Asia, India] Consortium for Tobacco Free Karnataka condemns BBMP move with tobacco manufacturer

As the BBMP decided to tie up with the ITC in its Zero waste management, and work on segregation of waste at source, the members of Consortium for Tobacco Free Karnataka (CFTFK) have taken objection. "It's ironic but a fact that the theme for this year's
Times of India
added Jul 2, 2013 12:48
7 Views

[Asia, India] Non-cigarette FMCG biz lights up ITC

The non-cigarette fast-moving consumer goods (FMCG) segment of ITC has recorded its maiden profit, helping the cigarette-to-hotel major post 19.4 per cent increase in net profit in the fourth quarter of 2012-13.
Business Standard (in)
added May 17, 2013 23:42
17 Views

[Asia, India] ITC clocks 3% volume growth in cigarettes

Business Standard (in)
added May 17, 2013 23:39
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