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TOBACCO MANUFACTURING SECTOR
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...- Raymond eyes precision engineering, in talks to buy German aerospace supplier DehardeRaymond's move, if successful, would mark its first overseas acquisition post-restructuring and bolster its aerospace manufacturing capabil...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsThe latest escalation in the US-Iran war means that crude oil price is back as a risk for India. Although we are in a market already strugg...
- Global Market: Eurozone inflation stays above ECB target as fuel costs begin to filter throughInflation across the euro zone’s four largest economies stayed above the European Central Bank’s 2% target for a third consecutive month in...
- Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 35%The price hikes in petrol and diesel follow the increase in the duty on gold. The way these hikes are being implemented makes it clear that...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsIn the stock market, everything has to be seen in context. The most noticeable thing these past few days is that there is not much Gulf-rel...
- Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainerIndia has eased Foreign Direct Investment rules for companies with up to ten percent Chinese or Hong Kong shareholding. These firms can now...
- Sector rotation underway: 3 themes to watch for your portfolio, says Devang MehtaIndia's stock markets are experiencing a sector rotation, with consumption stocks like tobacco and alcobev surging after years of quiet. In...
- Tobacco product makers to face Rs 1 lakh penalty, if packing machines not registered with GST authoritiesManufacturers of pan masala, gutka, and similar tobacco products will face a penalty of up to Rs 1 lakh if they fail to register their pack...
- Tax non-virginia tobacco to earn Rs 40,000 crore revenue: NGO writes to CentreThe NGO Shram has already written to the Union Finance Minister Nirmala Sitharaman and Health Minister Harsh Vardhan on the issue urging to...
- Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr peopleThe study said the figures were arrived at by measuring the total cumulative intrinsic economic value generated by the sector over the year...
- Cabinet may soon consider complete FDI ban in tobacco sectorThe Commerce and Industry Ministry has forwarded the final cabinet note for the Cabinet's consideration, sources told PTI.
- NITI Aayog concerned over total FDI ban in tobacco sectorFDI is permitted in technology collaboration in any form, including licensing for franchise, trademark, brand name and management contract ...
- Puff factory: Government considers cigarette-making permitDharampal Satyapal Group, the manufacturer of Baba zarda and Rajnigandha pan masala, has sought permission to manufacture cigarettes.
- Multi-sectoral policies needed for tobacco-free society: PM Manmohan SinghNoting that use of tobacco imposes serious consequences on economy and society, PM Manmohan Singh said.
- Budget 2013: FICCI demands ban on FDI in cigarettes' manufacture & tradeFICCI also suggested similar ban to be extended to entities set up by MNCs with the objective of marketing cigarettes.
- Govt notifies FDI ban in cigarette manufacturingThe government today notified the ban on FDI in cigarette manufacturing.
- Dipp plan for tobacco cos goes up in smokeLast October, the Dipp had submitted a Cabinet note seeking a complete ban on foreign investment in the tobacco sector with a prospective e...
- SEZs may breathe fresh life into tobacco FDIThe door for foreign direct investment (FDI) in tobacco would continue to be open despite the ban proposed by the health ministry if the ma...
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