Sort by: Date added | Date Published | Most Viewed

Headlines Tagged with ITC 608 headlines found

1 View

[Asia, India] Rs 50,000 crore goes up in smoke

The stock of ITC, India's biggest cigarette maker, plunged the most in the past quarter of a century after the government corrected an anomaly in the GST and increased the surcharge on tobacco. The 13 per cent decline on Tuesday eroded the gains of the p
The Economic Times (India)
added Jul 19, 2017 16:02
2 Views

[Asia, India] Cess on cigarettes wipes out Rs 48K cr from BSE in 1 day

The Goods and Services Tax Council’s decision to increase the cess on cigarettes triggered a sharp selloff in shares of tobacco companies with the ITC scrip falling by nearly 13 per cent on Tuesday and investors losing nearly Rs 48,000 crore in a single
Daily Pioneer (in)
added Jul 19, 2017 16:00
7 Views

[India] Tobacco Tax U-Turn Burns $7 Billion Hole in ITC's Market Cap

ITC Ltd., Asia’s second-largest cigarette maker by value, plunged the most in 25 years after India surprised investors by raising levies on tobacco products. The stock slumped 12 percent to 285.1 rupees at 3:12 p.m. in Mumbai, erasing $7.5 billion from
Bloomberg News
added Jul 18, 2017 22:52
3 Views

[Asia, India] ITC felled by govt’s capricious turn on GST

The press statement sends a different message. It says that a “lower tax incidence” may be welcome for other goods but is unacceptable in goods such as cigarettes. This is very strange. If companies did not pass lower taxes the anti-profiteering rules s
livemint.com (in)
added Jul 18, 2017 22:51
6 Views

Cigarette Makers Drag Indian Equities Lower on Surprise Tax Hike

Declines in India’s cigarette makers, led by ITC Ltd., sent the nation’s benchmark stock index to its steepest decline in seven months. The S&P BSE Sensex Index closed 1.1 percent lower, dropping from Monday’s record level. The benchmark has climbed to m
Bloomberg News
added Jul 18, 2017 14:10
10 Views

[Asia, India] LIC Thinks PIL Against Its Investments in Tobacco and ITC Is Frivolous

Kicking off a public interest litigation (PIL) filed against Life Insurance Corporation’s (LIC) investments in tobacco majors such as Indian Tobacco Company Ltd (ITC), LIC told the Bombay high court on Friday that the petition was “frivolous,” an “abuse o
The Wire (in)
added Jun 27, 2017 00:16
2 Views

[Asia] India's ITC Ltd March-qtr profit up 12 pct

Reuters
added May 27, 2017 23:28
2 Views

[Asia, India] BRIEF-Tata Trusts denies connection with PIL on tobacco Tata Trusts:

* Tata Trusts - it has no connection with a recent public interest litigation on government entities' equity holding in tobacco sector. * Tata Trusts says "baseless" to describe petition as initiated by trusts because two petiitioners work for organisat
Reuters
added Apr 21, 2017 19:27
7 Views

[Asia, India] Should the govt hold stake in tobacco firms?

That’s the substance of a case filed by a group of individuals, some of whom run the Tata Trusts, in the Bombay high court. The case—the court is yet to decide whether to admit it or not—specifically names ITC Ltd, which it refers to as “primarily” a tob
livemint.com (in)
added Apr 17, 2017 19:19
3 Views

[Asia, India] PIL questions govt. insurance firms’ investments in ITC

A public interest litigation (PIL) filed in the Bombay High Court has challenged the large investments made by government-owned insurance companies in cigarette maker ITC, which is the country’s largest fast moving consumer goods company in terms of mark
The Hindu Online (in)
added Apr 14, 2017 18:27
Sign up for daily headlines All Headlines Featured Headlines U.S. Headlines International Headlines