Searched for
ILLICIT CIGARETTE TRADE
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...- 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 ...
- Cigarette business weakness drags ITC margins in March quarterITC's cigarette business saw lower profits in the March quarter due to increased taxes. While other areas like FMCG improved, they could no...
- 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...
- Cigarette tax hike may boost illicit trade, hurt employment and tax revenue: ReportWith the new excise tax on cigarettes set to drive up prices, authorities may unwittingly trigger a rise in clandestine cigarette trade. Th...
- ITC Q3 Results: Cons PAT flat at Rs 4,931 crore, revenue up 7%; Rs 6.50 per share dividend announcedITC Q3 Results: FMCG major ITC's December quarter consolidated net profit stood at Rs 4,931 crore, flat compared to Rs 4,935 crore reported...
- Tax hike raises risk of smuggling of tobacco products and revenue loss for govt: ExpertsExperts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue ...
- Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?ITC shares fell sharply on Thursday, erasing over Rs 50,000 crore in market value after a steep new cigarette tax spooked investors. The ex...
- Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
- Illegal cigarettes account for one-fourth of market: ReportThe report by tobacco industry body The Tobacco Institute of India (TII), the steep tax increases on cigarettes have provided a boost to il...
- FAIFA asks govt for tax policy that disincentivises illegal cigarette tradeThe Federation of All India Farmer Associations (FAIFA), which claims to represent farmers of commercial crops from various states, includi...
- Insurgents, militants funded by drug and fake currency trade: Assam DGP Mukul SahaySmugglers pay protection money to various insurgent groups who use these amounts in subversive activities, Assam Additional DGP Mukul Sahay...
- Cigarette, tobacco smuggling incidents jump 136% in 2yrs: ReportMaximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.
- 22% shrinkage in legal cigarette sales in IndiaTobacco farmers are very disturbed because of declining off-take from domestic manufacturers.
- 90% rise in consumption of smuggled cigarettes in India: ReportOver 56 per cent smokers prefer attractive packaging of foreign smuggled brands which does not adhere to Indian regulations like pictorial ...
- Pakistan losing Rs 24 billion due to illicit cigarette trade: ReportThe pricing and regulatory differential with neighbouring Afghanistan also plays a key role in the continued inflow of smuggled cigarette i...
- Illicit trade up in 2014, Rs 39,239 crore loss to exchequer: FICCI reportAmongst the various sectors, the maximum revenue loss was from counterfeiting and illicit trade is tobacco products 23% and Rs 9,139 crore.
- Tobacco industry lost Rs 13,130 crore to illicit trade in 2014: ReportThe report also warned that as much as 25 per cent of all tobacco sold in the country will be illicit trade over the next few years.
- Contraband cigarette market in India estimated at Rs 1,700 cr'Extremely high' excise duty on cigarettes in India has increased the incentives for contraband trade in the country, estimated at Rs 1,700...
Load More
