ITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...

“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will...

As per the Tobacco Institute of India (TII), in India, illicit cigarettes represent nearly one-fourth of the domestic market, with estimate...

Consumer 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 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...

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

India's market regulator Sebi has issued a show cause notice to six Capital Group FPIs for alleged lapses in trade confidentiality. Two tra...

The United States Department of Justice is easing rules on certain marijuana items. The drug will be reclassified as less dangerous. This s...

Tether, a major stablecoin issuer, has frozen approximately $4.2 billion of its crypto tokens. These tokens are linked to illicit activitie...

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

"Illicit trade undermines national security, risks legitimate manufacturing, leaks government revenue, jeopardises public health and safety...

The seizure value from misuse of end use was at Rs 770 crore and that from other means was at Rs 2,780 crore, seeing a rise of 191 per cent...

The report by Ficci body CASCADE pegged the loss in seven industry sectors at Rs 1,05,381 crore, increasing 44.4 per cent between 2011-12 a...

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

Inadequate enforcement and lack of consumer awareness is boosting counterfeiting in India, a new report by industry body FICCI says.

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

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