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ITC LEGAL CHALLENGE
Court stops FSSAI from cancelling ITC's licence over its '100%' claimsThe Delhi High Court has restrained FSSAI from cancelling ITC's licence. This action follows a dispute over the "100%" claim on Aashirvaad ...- SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...
- Juniper Green Energy IPO Day 3: GMP at 1%; Check subscription and key details. Should you apply or skip?Juniper Green Energy IPO GMP today: The Rs 1,800-crore Juniper Green Energy IPO closes for subscription today with a subdued grey market pr...
- ITC charts growth strategy as cigarette tax hike hits stockITC Chairman Sanjiv Puri said the company is tackling higher cigarette taxes through calibrated price hikes, product innovation and diversi...
- Eternal’s robust Q1; Meta faces content-blocking allegationsEternal reported a jump in its net profit on the back of Blinkit's improving operating performance. This and more in today’s ETtech Morning...
- ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...
- Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...
- Leased Property GST ITC: Legal dispute, policy changes deepen tax uncertaintyThe Supreme Court ruling allowing ITC on leased properties faces uncertainty with a retrospective amendment proposed in the Finance Bill 20...
- Hotel Leela Venture challenges ITC's shareholder oppression claimsITC is opposing that sale transaction claiming it was to the detriment of minority shareholders. The cigarettes-to-FMCG conglomerate owns a...
- ITC's Q4 profit soars 21% as cigarettes, hotels lift salesITC reported 5.6% growth in revenue at ₹16,398 crore year on year for the fourth quarter ended March, FY23 helped by strong sales in cigare...
- Input tax credit restriction may face legal hurdlesThe CBIC made some significant changes to the central goods and service tax Act such that from January 1, 2021 the present eligibility limi...
- Not easy to predict when demand will revive: Sanjiv PuriA reasonably good rabi crop and the scaling up of infrastructure development as well as the focus on addressing balance sheet issues by the...
- SAT ends Leela over asset deal with Brookfield, for NowIf completed, the Leela-Brookfield deal will be the largest foreign investment in the hospitality sector and culminates more than a year of...
- SAT allows Hotel Leela's asset sale to BrookfieldITC is now seeking to challenge the SAT ruling in the Supreme Court.
- Tobacco rules must not discriminate against cigarettes: ITCThe Kolkata-based firm said taxes on cigarettes have "increased by more than 200 per cent in last few years" which has resulted in smugglin...
- Additional tax on cigarette would exacerbate legal sales: ITC"The additional tax burden caused by the increase in compensation Cess rates...will exacerbate the pressure on the entire legal cigarette v...
- ITC hits out at large graphic warning rule on cigarette packsThe performance of the cigarettes business during the quarter was subdued on account of continued regulatory and taxation pressures on the ...
- ITC, other tobacco firms to restart cigarette production in phasesOn May 5, ITC had said it has shut down its production till the time it is able to comply with "interim requirements" of 85 per cent pictor...
- Australia's uniform-packaging law begins global cigarette-pack debateIndia's government has yet to consider a law on plain packaging, and the Australian ruling will add to pressure from citizens to do so.
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