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SMUGGLING FEARS CIGARETTE
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...- Cigarette prices jump as new excise regime kicks in, stoking smuggling fearsCigarette prices have significantly increased following a new excise duty. This tax hike, the first in seven years, aims to align India's t...
- 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...
- History tells us ‘Hold’ is equal to wealth creation: 11 large- and mid-cap stocks from different sectors with upside potential of up to 37%Because we have the word “Hold ” in the headline, does it mean today’s list only has stocks where the analyst recommendation is “Hold”? No....
- Israel backs anti-Hamas armed group known for looting aid in Gaza. Here's what we knowAmidst the ongoing conflict, Israel is allegedly supporting armed Palestinian groups in Gaza to counter Hamas, a move that has sparked cont...
- Kerala is in the grip of a surging drug crisis. The state is cracking down, but the ground is slipping under its feet. Why?Kerala grapples with a mounting drug crisis, surpassing Punjab in drug-related cases, with both urban and rural areas impacted. The rise in...
- 'Where's the gold?': How the Assads sucked Syria dryThe military unit run by Maher al-Assad, known as the Fourth Division, exploited Syria's resources amid civil war. Documents reveal its inv...
- Iraq's missing Yazidis: Inside the long search for Islamic State captivesYazidis in Iraq are rebuilding their lives after facing persecution by the Islamic State. Many were captured and enslaved, and families are...
- 41 women die in grisly riot in Honduran prison that president blames on 'mara' gangsPrisoners belonging to the feared Barrio 18 gang reportedly burst into a cell block and shot other inmates or set them afire. Relatives awa...
- Recent increase in smuggling in the North East can be due to economic distress insinuated by Covid: FICCI CommitteeVarious battalions of the forces intercepted smugglers transporting the illicit consignments using bikes, cars and trucks while hiding them...
- Look for the ‘other’ quality stocks that are available at cheaper valuations nowDue to the narrow rally, valuation gap is widening between quality companies, or leaders valued at high premiums compared to the next playe...
- Why Ajay Srivastava is betting on banks & PSUsNDA's this five-year term will be the term of the PSU stocks, they will be sold, says Srivastava
- ITC explains how it plans to diversify business through FMCG bold playThese days, ITC's top brass rarely talks about cigarettes, its bottom line mainstay. Most of the co's communication & investments are aroun...
- Higher taxation killing Indian cigarette brandsIn last 6 years, there has been 202% increase in taxation on cigarettes. There is no logic that legal cigarettes, accounting for only 11% o...
- View: 30,000 feet up, even Scotch and slippers are lethal weaponsRecently, when all the free inflight booze led to a free-for-all, an allegedly inebriated comedian, Kapil Sharma, hurled a shoe at his coll...
- ITC Q1 net up 25% at Rs 1,333 croreITC Ltd performed as per street expectations in its first quarter results with double-digit sales growth in its main-stay cigarette, FMCG a...
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