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Headlines Tagged with ITC 601 headlines found

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[India] A proxy on your house

India is embroiled in a different sort of proxy fight. ITC, the $50 billion conglomerate behind WelcomHotels and Gold Flake cigarettes, alleges that Institutional Investor Advisory Services defamed it by knocking the board and the chairman’s pay package,
breakingviews
added Nov 7, 2017 19:51
6 Views

[Asia, India] ITC Q2 net profit up 5.6 per cent y-o-y at 2,639.84 crore

The growth in profit and revenue was buoyed by the growth in non cigarette FMCG business, increase in agri business and strong performance in hotel business. Cigarette business of the company remained subdued this quarter for sharp increase in tax incide
Indian Express
added Oct 30, 2017 02:03
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[Asia, India] ITC: Done in by the cigarette cess hike, but not out yet

What seemed like a windfall for ITC, in the form of a stable tax regime and a lower tax outgo under GST, went wrong after a sharp hike in the cess on cigarettes
livemint.com (in)
added Oct 30, 2017 02:02
4 Views

India's ITC Sept-qtr profit up about 6 pct

Reuters
added Oct 29, 2017 18:31
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[India] ITC Ltd says hotels performance hurt by highway liquor ban in qtr‍​‍​

Says hotels performance hurt by highway liquor ban in quarter ‍​‍​.Says legal cigarette industry volumes under severe pressure due to sharp increase in tax incidence under GST‍​.Says on FMCG, offtake in retail channel has normalised progressively through
Reuters
added Oct 29, 2017 18:31
5 Views

BRIEF-ITC Ltd says taxation policy not suitable for India

* Says taxation policy of country‍​ largely cigarette-centric, based on western models of tobacco taxation * Taxation policy not suitable for India
Reuters
added Oct 29, 2017 18:30
16 Views

[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
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[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
10 Views

[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
10 Views

[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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