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Headlines Tagged with ITC 601 headlines found

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[India] Modi's Anti-Tobacco Campaign Hits ITC Earnings, Cigarette Sales

ITC Ltd., Asia’s second-largest publicly traded tobacco company, reported earnings that fell short of analyst estimates as the Indian government’s campaign against smoking dented cigarette sales.
Bloomberg News
added Jan 28, 2016 20:07
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[Asia, India] Muted cigarette sales: ITC Q1 net profit up 3.6% at Rs 2265 cr

ITC Ltd posted a subdued 3.61 percent rise in net profit at Rs 2,265.44 crore for the first quarter ended June 30, due to pressure on cigarette sales and sluggish demand for other FMCG products.
PTI - Press Trust of India (in)
added Jul 31, 2015 13:01
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[Asia] ITC forays into E-cigarettes segment, will be rolled out pan-India in phases

The diversified ITC group has forayed into electronic cigarettes to offset shrinking sales of its conventional tobacco cigarettes due to recurrent price increases. The Kolkata-headquartered cigarettesto-hotels group has launched two electronic-vaping devi
The Economic Times (India)
added Aug 21, 2014 05:50
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[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
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[Asia, India] ITC's 64 mm budget brand cigarette sales to go up in GST regime

Sales of ITC Ltd’s 64 mm cigarette is likely to go up as people are projected to downgrade purchase of the 69 mm category post the recent 6-7 per cent price hike after GST roll-out. Although analysts project the company is likely to suffer a decline in i
Business Standard (in)
added Aug 1, 2017 22:07
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[Asia, USA] Indian Cigarette Makers May Feel The Heat As U.S. Proposes Nicotine Cut

U.S. regulator’s policy would be a deterrent for new smokers, said Sanjay Manyal, equity research analyst... However, a policy like this to get implemented may take time and its impact on the Indian tobacco industry can be assessed only after regulation d
Bloomberg News
added Jul 31, 2017 23:23
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[Asia, India] Cigarettes Boost ITC's Second Quarter Performance

ITC Ltd.’s profit in the July to September quarter rose 10.5 percent as cigarette sales increased 7 percent. Net profit rose to Rs 2,500 crore from Rs 2,262.5 crore in the same quarter last year, according to financial results posted on the exchanges. T
Bloomberg News
added Oct 26, 2016 15:07
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[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.
IBT - International Business Times
added May 1, 2016 19:25
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[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
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[Asia, India] ITC: smoking again

Then came last week's budget announcement, which included a lower-than-expected increase in cigarette taxes. This after a few years of accelerating levies that, being passed on to consumers, have inevitably hurt demand. Just like that, the stock rose 10 p
Financial Times (uk)
added Mar 9, 2016 14:42
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