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STEEP TAXATION
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 ...- India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
- FTAs building a new trade architecture for Viksit BharatIndia is actively pursuing Free Trade Agreements to boost market access and shield its businesses. These agreements target complementary ec...
- 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...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- ITC investors lose Rs 1 lakh crore after tax shock. Is there more pain in Budget 2026?ITC's market value has dropped significantly following a recent tax hike on cigarettes. Investors are now looking to the upcoming Budget fo...
- Taxation of 40% on carbonated beverages hampering innovation: Indian Beverage Association’s JP MeenaIndia's beverage industry, facing a 40% GST on carbonated drinks, advocates for tax rationalization to spur innovation, job creation, and i...
- It's still not easy to do business in India: David Weinberg, COO Skechers"The ease of (doing) business has improved, but it’s not easy. It is an economy that wants to protect its place in the world from anything ...
- Disincentivise cigarette smuggling through tax policy: FAIFA"We appeal to the government to have a taxation policy, that disincentivises cigarette smuggling," FAIFA General Secretary Murali Babu said...
- FAIFA demands roll back of cess on cigarettesThe association's General Secretary Murali Babu said the huge growth of illicit trade of cigarettes is a reflection of the unintended conse...
- Prices of soft drinks to increase 5-10%Rs 22,000-crore soft drinks industry is likely to be the hardest hit as the increase in taxes comes at a time when firms' capacity utilisat...
- Protect tobacco farmers' interest in GST laws: FAIFALast week the GST Council had approved tobacco cess to be kept as a mixture of Rs 4,170 per 1,000 sticks or ad valorem of 290 per cent.
- Tyre stocks stand to gain from falling crude prices; prefer Ceat: Deepak ShenoyTyre manufacturers stand to gain substantially; Ceat is one tyre stock that really looks attractive at this juncture, says Shenoy.
- Ruchi Soya Q1 net profit rises to Rs 1.57 croreRuchi Soya Industries Ltd today reported net profit of Rs 1.57 crore in the first quarter ended June 30, up from Rs 0.18 crore posted in th...
- ITC Q4 net profit up 3.65% at Rs 2,361.18 croreFor the quarter ended March 31, ITC earned Rs 2,361 crore ($371.6 million), while analysts were expecting the company to earn Rs 2,519 cror...
- Iron ore exports from Goa unlikely to resume soonIron ore exports from Goa are not likely to resume in near future due to various factors like 'steep' duty, upcoming monsoon season and pen...
- Partha Sarathi Shome favours lower corporate tax rates"Lowering of corporate taxes will result in higher job growth and is more development oriented," Shome said.
- Budget 2011: Appropriate fiscal policies needed for oil & gas sector; says Akhil Sambhar, Tax professional, Ernst & YoungGovernment should give adequate fiscal incentives. These incentives will attract more companies to invest in the Indian oil & gas sector.
- APAO wants govt to bring aviation turbine fuel under GST ActAPAO wants aviation fuel to be brought under the GST, which is intended to bring taxation of goods and services across various states under...
- States should take blame for high fuel pricesMany states have in their last budget hiked the value added tax on petroleum products, sharply increasing the incidence of state-specific t...
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