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ILLICIT TRADE EFFECTS
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...- Iranian Guards' business empire to win big if US sanctions liftedA potential deal to end the war between Washington and Tehran presents a paradox: sanctions relief could significantly empower Iran's Revol...
- Assam and Arunachal Pradesh strengthen cooperation in excise administrationArunachal Pradesh and Assam held a ministerial meeting in Itanagar. Discussions focused on excise administration and enhancing inter-state ...
- Philip Morris India calls for stronger enforcement and collaboration to disrupt illicit tobacco ecosystemAs per the Tobacco Institute of India (TII), in India, illicit cigarettes represent nearly one-fourth of the domestic market, with estimate...
- Consumer staples sector to face growth normalization in 2nd half of 2026, updates on pricing power and channel efficiency eyedConsumer staples growth momentum is likely to moderate in the second half of FY27 as GST-related benefits phase out and high base effects s...
- 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...
- 2,400,000,000,000: Chinese are smoking nearly half of world's totalChina's cigarette consumption has surged by 39% between 2003 and 2023, contrasting with a global decline. Despite fewer young smokers, low ...
- How US President Donald Trump's crypto venture and Iran's top exchange tapped into the same industry networksIran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Zhao. These blockchains facilitated...
- India’s gold import duty hike: A double-edged swordIndia has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. How...
- Cocaine pollution in rivers may be affecting salmon behaviour more than scientists expectedResearch reveals cocaine and its metabolite, benzoylecgonine, significantly alter salmon behavior, causing increased travel distances and p...
- Trump's new front against Iran: The US hunts hidden crypto networksAmerica's Operation Epic Fury is now Operation Economic Fury. The US is targeting Iran's cryptocurrency networks. This aims to stop Iran fr...
- Trump's $166 billion tariff refunds may finally be in sight as first payouts expected by May 11The Trump administration is set to issue its first tariff refunds around May 11, following the Supreme Court's ruling that the sweeping dut...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- US military says it seizes another oil tanker associated with IranUS forces seized another tanker linked to Iranian oil smuggling in the Indian Ocean, escalating tensions after Iran captured two vessels in...
- Decoding SAFU: The structural integrity checks every cryptocurrency exchange must passAs India's digital asset market matures, investors prioritize counterparty risk and verifiable institutional standards. The article outline...
- Pakistan says still no answer from Iran whether it will attend last-ditch peace talksIran's attendance at last-ditch peace talks with the U.S. remains unconfirmed as American forces boarded an Iranian oil tanker. President T...
- From dropping bombs to pressuring banks: US pivots to economic warfare on IranThe Trump administration is shifting its Iran strategy towards economic pressure, threatening secondary sanctions on countries doing busine...
- India restricts precious metal jewellery importsIndia has restricted imports of gold and precious metal jewellery from ASEAN countries, particularly Thailand, which were previously duty-f...
- Over Rs 58,000 crore in taxes lost due to illicit trade in FMCG, mobile, tobacco, alcohol industry: Ficci reportThe FMCG industry alone accounted for 75% of the total illicit value of goods in five key industries. Tobacco products and alcoholic bevera...
- Why illicit tobacco should be stubbed out immediatelyIllicit trade of tobacco is playing havoc with public life. Therefore, stopping illicit trade of tobacco products is a health priority, as ...
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