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Headlines Tagged with ITC 561 headlines found

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[Asia] India's ITC shuts cigarette plants from May 4

shut its plants from May 4 to comply with a new stipulated pictorial warnings rule issued by the federal government, the company said in a statement. India's top court told tobacco companies on Wednesday they must adhere to a new federal rule requiring m
Reuters
added May 5, 2016 18:50
10 Views

[Asia, India] ITC drops after reports of SC directing not to violate prevailing health warning rules on cigarette packs

ITC declined 1.03% to Rs 313.65 at 15:00 IST on BSE after reports that the Supreme Court today, 4 May 2016, told the tobacco industry to adhere to rules requiring stringent health warnings on cigarette packs.
Business Standard (in)
added May 4, 2016 14:31
25 Views

[Asia, India] Govt should not terrorise cigarette buyers, says ITC chief Deveshwar

Diversified Indian business conglomerate ITC's chairman, Y C Deveshwar, on Friday said the government must have a 25-year plan to curtail smoking as there were 48 million people dependent on the tobacco sector and they would have to get alternative emplo
Business Standard (in)
added May 1, 2016 20:41
9 Views

[Asia] US-based funds aiding cigarette smuggling in India, says ITC chairman

The chairman of the largest cigarette maker in India, ITC Ltd., has alleged that U.S.-based organisations are aiding the anti-tobacco lobby in India and indirectly promoting tobacco/ cigarette smuggling in the country.
International Business Times
added May 1, 2016 19:25
9 Views

[Asia, India] Spare a thought for tobacco farmers: ITC chief

The Central government’s moves to enforce larger pictorial warnings on tobacco products could affect the livelihoods of 4.8 crore people in India, said Chairman of ITC Limited Y.C Deveshwar here on Friday.
The Hindu Online (in)
added Apr 30, 2016 21:26
24 Views

[Asia, India] Tobacco majors win interim relief over pack warnings

The Nagpur bench of the Bombay High Court has granted immediate relief to tobacco giant ITC Ltd against seizure of cigarettes manufactured prior to April 1, 2016, but didn't direct the state to return goods seized so far. The HC observed a new legal requi
Times of India
added Apr 29, 2016 12:03
22 Views

[Asia] Indian Marlboro-maker falls amid government plan to ban FDI

Shares in India's licensed producer of Marlboro-branded cigarettes fell 17 per cent on Tuesday on news of a government plan to ban all foreign direct investment and licensing of foreign brands in the tobacco sector.
Financial Times (uk)
added Apr 26, 2016 18:39
10 Views

[Asia] India's ITC says to resume cigarette production amid health warning row

India's $11 billion tobacco industry is up in arms against the new rules and has taken the government to court. Industry estimates show the production halt has already cost $850 million and risks the livelihood of millions of farmers. In a statement to
Reuters
added Apr 18, 2016 19:48
31 Views

[Asia, India] Protest goes up in smoke: ITC to resume cigarette manufacturing after court order

"Consequent upon a High Court order passed in favour of the company, the company will soon resume manufacturing of cigarettes at its factories," ITC said in a filing to the BSE.
Times of India
added Apr 16, 2016 11:10
27 Views

[Asia] India's ITC says it to resume cigarette production amid health warning row

ITC Ltd said it would resume production at its factories "consequent upon" a favorable court order, two weeks after it decided to shutter its plants over the government's stringent new packaging rules. India ordered that from April 1, 85 percent of a cig
Reuters
added Apr 16, 2016 11:08
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