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Headlines Tagged with ITC 601 headlines found

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[Asia, India] Jefferies has this to say about ITC stock as core business comes under pressure

ITC’s cigarette business remains impacted by regulatory pressures in terms of sharp tax hikes and other anti-tobacco measures, which has led to pressure on volumes and Ebit growth. Other businesses i.e., FMCG, paper, hotels and agri, should see gradual up
Financial Express (in)
added Sep 11, 2017 02:47
16 Views

[Asia, India] ITC may defy pictorial norms diktat; to resume production

ITC Ltd may defy government’s regulation on putting bigger health risk warning on cigarette packs by resuming its production presumably in packs that do not comply with new norms. This could be a beginning of a major showdown between the government and
DNA India (in)
added Apr 16, 2016 11:05
16 Views

[Asia, India] ITC reports flat growth: Sharp contraction in cigarette volumes due to ..

ITC may gradually lose its mojo on the Street as its main business of cigarettes continues to be a disappointment quarter after quarter. A sharp contraction in cigarette volumes has resulted in the company reporting flat growth in overall revenues for th
The Economic Times (India)
added May 26, 2015 08:17
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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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[India, New Zealand] Helen Clark criticised for tobacco award

Former Prime Minister Helen Clark has been criticised for her role in granting a business award to India's biggest tobacco company.
Independent Newspapers Ltd. / STUFF (nz)
added Jul 17, 2012 07:50
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[Asia, India] ITC: Uptick in cigarette volumes aids Q4 show

Govt should not terrorise cigarette buyers, says ITC chief Deveshwar Flattish growth in cigarette volumes, estimated at 0-2 per cent, was a key surprise in ITC’s March quarter (Q4) results, given that expectations were of a three-four per cent decline. Th
Business Standard (in)
added May 20, 2016 20:00
15 Views

[Asia, India] Govt strictness over pictorial warning on cigarette packs may force ITC to explore other options

After the company shut its manufacturing plants in the wake of government's new rule of larger pictorial warnings, ITC will have to stress on steaming other businesses and also attract health-conscious consumers.
Business Insider
added Apr 7, 2016 19:48
15 Views

[Asia] Tobacco Companies Drag Down Indian Stocks on Proposed Sin Levy

India’s benchmark stock index fell to a three-week low as cigarette makers declined on concern they will be taxed higher than the proposed national sales tax. ITC Ltd., the largest tobacco company with the fourth-highest weighting on the S&P BSE Sensex in
Bloomberg News
added Dec 7, 2015 21:30
15 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
14 Views

[Asia, USA] Indian tobacco industry to be hit as USFDA proposes to slash nicotine content in cigarettes

The Indian tobacco giants like ITC Ltd., VST Industries Ltd. and Godfrey Phillips India Ltd. also saw a fall in the share prices. Quoting Sanjay Manyal, equity research analyst at ICICI Securities Ltd., the reports said that if implemented the new regul
Moneycontrol.com / Television Eighteen (in)
added Aug 1, 2017 22:07
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