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Headlines Tagged with ITC 601 headlines found

10 Views

[Asia, India] Smoking hot! ITC leads tobacco pack despite excise duty smog in budget

A strong rally in the stocks of tobacco product manufacturers and cigarette makers led by ITC saw these stocks scaling highs during the session, notwithstanding the Finance Minister Arun Jaitley’s proposal to hike excise duty on tobacco products by 10-1
India Infoline.com
added Mar 1, 2016 17:27
8 Views

[Asia, India] Why ITC stock is up despite higher duties on tobacco products

ITC has increasingly diversified its product portfolio to the point where close to 50% of its revenues come from its non-cigarettes business. The rural push of the government could help grow its non-cigarettes FMCG business. This part of the Budget found
Business Standard (in)
added Mar 1, 2016 17:23
18 Views

[Asia, India] ITC drops over 3% on fears over likely hike in excise duties on cigarettes

The Economic Times (India)
added Feb 22, 2016 13:42
11 Views

[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
4 Views

ITC net remains flat on low cigarette sales

Cigarette-to-hotel major ITC’s October-December earnings missed analysts’ expectations, with its net profit rising marginally. The net rose by only 0.7 per cent to Rs 2,652.82 crore, against Rs 2,635 crore in the same quarter of the year-ago period.
Business Standard (in)
added Jan 23, 2016 16:05
14 Views

[Asia, India] Nicotine content: Cigarette firm files review petition on HC order

the court had ordered that cigarette companies should mention the amount of nicotine and tar in each stick - a review petition was filed in the court by the Indian Tobacco Company (ITC) and other enterprises involved in cigarette manufacturing on Friday.
Times of India
added Dec 13, 2015 22:24
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
5 Views

[Asia, India] Cigarette stocks hit hard on GST panel suggestion; ITC down nearly 7% intraday

After GST panel suggested 40% tax rate for demerit goods like pan masala and tobacco, stocks of cigarette companies witnessed a heavy fall. BSE headquarters in Mumbai BSE headquarters in Mumbai RNA Cigarette stocks witnessed heavy selling pressure on Mo
DNA India (in)
added Dec 7, 2015 20:44
9 Views

[Asia, India] National Forum for Tobacco Eradication slams participation of govt officials at Sustainable Summit

"We are extremely concerned that the summit on sustainability is being co-organized and sponsored by a leading tobacco company (ITC Pvt Ltd.). The summit also has participation by alcohol industry (SABMiller India)." The representation also says as signa
Times of India
added Sep 25, 2015 14:22
9 Views

[Asia, India] ITC to pick up tobacco stocks

chief minister N Chandrababu Naidu has requested the Centre to immediately press its agencies into purchases. He suggested that the tobacco board or the state trading corporation (STC) be allowed to pick up the stocks from the market on war footing basis.
Times of India
added Sep 17, 2015 12:38
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