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ILLICIT CIGARETTES
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...- 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 ...
- FRAI urges govt to intensify crackdown on counterfeit products, illicit tradeRetailers are urging the government to intensify efforts against illegal trade and fake products, citing risks to consumer safety and the l...
- 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...
- 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...
- 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...
- 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 ...
- Tobacco Institute of India urges Centre to reconsider cigarette tax hikeThe Tobacco Institute of India warns that a significant excise duty hike on cigarettes will harm farmers, MSMEs, and retailers, while boost...
- 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...
- 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.
- 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...
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