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Headlines Tagged with ITC 605 headlines found

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
7 Views

[Asia, India] National Forum for Tobacco Eradication condemns partnership between govt ministries and tobacco industry

it is 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).
merinews (in)
added Sep 17, 2015 12:34
11 Views

[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
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
3 Views

[Asia, India] ITC plunges over 8% as government hikes excise duty on cigarettes

Stocks of Godfrey Phillips India were down by 1.90 per cent, while VST Industries fell by 0.86 per cent on the BSE. Finance minister Arun Jaitley on Saturday came down heavily on smokers and tobacco consumers with a steep increase in excise duty.
PTI - Press Trust of India (in)
added Mar 8, 2015 15:39
3 Views

[Asia, India] ANANTHANARAYANAN: Budget 2015: Cigarettes get short end of the stick - Livemint

But there is a silver lining ... A common Goods and Services Tax (GST) is set for implementation from 1 April 2016. Reports had indicated that tobacco products will be part of GST. That may eliminate distortions created by arbitrary state levies on cigare
livemint.com (in)
added Mar 7, 2015 18:53
17 Views

[Asia, India] More Tax Means More Contraband Cigarette Intake: ITC

The more you tax cigarettes, the more is consumption of contraband tobacco products, said ITC chairman Y C Deveshwar while expressing hopes of a "moderate budget" this year. It may be noted that ITC's revenue from cigarettes grew by marginal 0.62 per ce
PTI - Press Trust of India (in)
added Feb 2, 2015 18:48
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