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TOBACCO TAX HIKE
These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...- ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...
- ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...
- These 8 private and public banking stocks have an upside of up to 27% in one year, according to analystsInflation is at a 13-month high, primarily led by a rise in food prices. And with an impending fuel price hike, it could spike even more. A...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- Tax hike raises risk of smuggling of tobacco products and revenue loss for govt: ExpertsExperts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue ...
- Public health experts pitch for higher taxes on tobacco products to make India tobacco-free in 'Amrit Kaal'Expressing concern that designated smoking zones at airports, hotel and restaurants were a major cause for second hand smoking, the public ...
- Youth associations urge PM, finance minister to increase taxes on tobacco productsAccording to the associations, the Parliament Standing Committee on Health submitted a pertinent and comprehensive report on cancer care pl...
- ITC, other cigarette stocks drop ahead of the Budget; here's whyAnalysts noted that a tax hike on cigarettes is a possibility as there have not been any hikes for the past two years. If the potential hik...
- Reduce tax on 'bidis', keep it out of purview of proposed changes in COTPA: SJMThe government should create alternative employment and livelihood options for those who depend on bidi industry to earn their livelihood b...
- Budget 2022: ITC, other stocks to watch as D-St fears hike in excise duty on tobaccoShares of ITC are down 16 per cent from October 2021 highs, Godfrey Phillips India is down 17.5 per cent while VST Industries is down 16 pe...
- Budget 2016: Excise duty on tobacco products up by 10-15%; cigarettes set to cost moreCigarette prices are set to go up for the fifth successive year in India with the Budget announcing 10-15% increase in excise duty for all ...
- Budget 2016: Hike sin tax on tobacco by up to 40%, says health ministryAs per government estimates, the total economic cost attributable to tobacco use from all diseases in the year 2011 amounted to Rs 1,04,500...
- Meghalaya decision to hike tobacco tax ruffles traders bodyThe traders apprehend the hike would encourage influx of cheaper products manufactured in neighbouring Bangladesh and Myanmar.
- Impose at least 50% VAT on tobacco products: Harsh Vardhan to statesIn his bid to discourage smoking among youths, Vardhan has urged states and UTs to impose VAT of at least 50% on all tobacco products.
- Budget 2014: Cigarette makers urge government to not increase excise dutyWorried by falling stock prices cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight...
- Call for raising taxes on tobacco products to 65%Eminent personalities in socio-cultural & medical fraternity have urged Kerala govt to raise taxes on all tobacco products to 65% as a meas...
- West Bengal government increases tax on cigarette; may further increase pricesThe companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.
- Budget 2013: Cigarettes, cigars to become costlier by 15%As per Budget proposal, prices of entry-level smaller cigarettes, which are of the sub-65 mm length, will remain unchanged.
- Union budget 2012-13: Cigarette prices to go up; no impact in stock priceBudget 2012 announced a proposal to increase basic excise duty on cigarettes of more than 65mm length by adding an ad valorem component of ...
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