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GLOBAL TOBACCO MARKET
In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four monthsIn January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nat...- BAT to cut 9,000 jobs globally as the world lights fewer cigarettesBritish American Tobacco is slashing approximately 9,000 jobs globally as part of a major restructuring. This significant workforce reducti...
- Raymond eyes precision engineering, in talks to buy German aerospace supplier DehardeRaymond's move, if successful, would mark its first overseas acquisition post-restructuring and bolster its aerospace manufacturing capabil...
- ITC bulking up with products rich in protein and fibre: Sanjiv Puri“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will...
- Shopify to ban vapes as US authorities crack down on illegal e-cigarettes industryShopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. state attorneys general. This move ta...
- 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...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsThe latest escalation in the US-Iran war means that crude oil price is back as a risk for India. Although we are in a market already strugg...
- These 7 private and public banking stocks have an upside of up to 23% in one year, according to analystsGiven how the market has moved in the last five-six trading sessions, the probability is high that a new readjustment trade has started. Th...
- Inflation and input costs threaten earnings momentum going forward: Dhananjay SinhaIndia Inc. delivered strong March-quarter earnings, surpassing market forecasts. Revenue growth improved, supported by cost savings. Howeve...
- 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 ...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsGiven the latest news flow from the Gulf region, the probability is high that we might once again see the bulls attempting a comeback. As u...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 35%The price hikes in petrol and diesel follow the increase in the duty on gold. The way these hikes are being implemented makes it clear that...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsIn the stock market, everything has to be seen in context. The most noticeable thing these past few days is that there is not much Gulf-rel...
- Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainerIndia has eased Foreign Direct Investment rules for companies with up to ten percent Chinese or Hong Kong shareholding. These firms can now...
- Indian Tobacco Association urges govt to extend RoDTEP benefits to tobaccoThe association said that India is well-positioned to become a major player in the global tobacco market if it can harness the emerging opp...
- For investors, tobacco is a bigger sin than alcohol? Or, so say their stocksEver since 2016, valuations of major global tobacco stocks have seen consistent de-rating.
- Tobacco growers blame lobbyists for high taxes hereITGA has claimed that more than $1 billion have been pumped into anti-tobacco movement in last two years by Bill and Melinda Gates Foundati...
- Chew on this! Indian tobacco exports dip 7 per cent on oversupplyIndia's tobacco exports fell as many importers switched to cheaper options or turned to contract farming alliances in African countries.
- Tobacco Board to clamp down on unauthorised farmingTobacco Board has warned farmers against any illegal cultivation of the crop, saying plantation in unauthorised fields will be destroyed am...
- Indian tobacco prices soar over 60% in global mart in 1 yearA spurt in global demand has more than doubled the prices of lower grade Indian tobacco at 2 dollar a kg while the rates of the best qualit...
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