Shares of the Facebook and Instagram parent are down 19% this month, putting them on pace for their worst performance since October 2022. T...

LIC has incurred losses of over Rs 10,400 crore in just two days as ITC shares plunged 14% following a steep excise duty hike on cigarettes...

Following the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...

If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...

LIC has been raising stake in ITC, from 12.17% four years ago and 14.3% as of March 2016.

In the previous session also, cigarette stocks had recovered after falling sharply on the excise duty hike announcement.

Cigarette stocks took a hammering, falling up to 7 per cent in trade on Monday after the finance minister Arun Jaitley in his Budget speech...

Pandey believes that one the GST Bill is passed, cigarette companies will see price stability over the next 2-3 years.

The scrip of country’s largest cigarette maker, which sells three out of four cigarettes, fell by 6.57% on the Bombay Stock Exchange (BSE).

India's tobacco exports fell as many importers switched to cheaper options or turned to contract farming alliances in African countries.

In the Budget speech, the excise duty changes for cigarettes and tobacco products were shown under the sub-theme of promoting public health.

Smoking is going to be costlier yet again with the budget increasing excise duty on cigarettes and cigars for the fourth consecutive year.

The stock has remained range-bound after hitting a new high of Rs 386.75 in May this year, but has managed to rally over 12 per cent so far...

Stocks of Godfrey Phillips slumped 6.09% to Rs 2,990, while ITC was down by 1.85% to Rs 351.05 and VST Industries lost 3.58% to Rs 1,625.05.

Worried by falling stock prices cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight...

A decreasing acreage coupled with negligible carryover stock might firm up tobacco prices.

The Tobacco Board has asked traders to procure more tobacco at higher prices to save farmers in Andhra Pradesh. Farmers in the state launch...