ITC's cigarette business saw lower profits in the March quarter due to increased taxes. While other areas like FMCG improved, they could no...

ITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...

With 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: FMCG major ITC's December quarter consolidated net profit stood at Rs 4,931 crore, flat compared to Rs 4,935 crore reported...

Experts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue ...

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...

The upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...

The report by tobacco industry body The Tobacco Institute of India (TII), the steep tax increases on cigarettes have provided a boost to il...

The Federation of All India Farmer Associations (FAIFA), which claims to represent farmers of commercial crops from various states, includi...

Smugglers pay protection money to various insurgent groups who use these amounts in subversive activities, Assam Additional DGP Mukul Sahay...

Maximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.

Tobacco farmers are very disturbed because of declining off-take from domestic manufacturers.

Over 56 per cent smokers prefer attractive packaging of foreign smuggled brands which does not adhere to Indian regulations like pictorial ...

The pricing and regulatory differential with neighbouring Afghanistan also plays a key role in the continued inflow of smuggled cigarette i...

Amongst the various sectors, the maximum revenue loss was from counterfeiting and illicit trade is tobacco products 23% and Rs 9,139 crore.

The 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.

'Extremely high' excise duty on cigarettes in India has increased the incentives for contraband trade in the country, estimated at Rs 1,700...