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Budget 2019: Cigarette makers are unlikely to hike prices due to imposition of the excise duty, say analysts

An analyst, who requested anonymity, said cigarette companies can factor this excise duty impact when they hike prices next due to increase in tobacco prices.

India pushes for tobacco exports to China

India is the third largest producer and exporter of unmanufactured tobacco with exports more than Rs 5,000 crores to more than 115 destinations.

Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burden

Cigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are insignificant.

Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr people

The study said the figures were arrived at by measuring the total cumulative intrinsic economic value generated by the sector over the years.

Philip Morris makes a case for scientifically substantiated smoke-free alternatives

Philip Morris has urged the Indian government to create a regulatory environment for scientifically substantiated smoke-free alternatives.

E-cigarette lobby group wants Karnataka to lift ban on its use

Karnataka’s Health & Family Welfare department had, by a circular on June 15, 2016, said sale, manufacturing and distribution of e-cigarettes had been banned.

Commerce ministry asks health ministry to frame law to ban manufacture, sale of e-cigarettes

The health ministry had asked the commerce ministry to issue a notification banning import of Electronic Nicotine Delivery Systems (ENDS), including e-cigarettes and flavoured hookah.

Philip Morris says Indian partner charges machinery costs; calls it 'business expense'

Philip Morris and Godfrey have said they comply with Indian rules.

Godfrey Phillips rejects FDI norms violation allegations; says in complete compliance with law

Godfrey Phillips has an exclusive procurement and supply agreement with Philip Morris International to manufacture and distribute Marlboro in the country.

Philip Morris paid for India manufacturing despite ban on foreign investment

India has 106 million smokers, second only to China, and a young demographic makes it an attractive market for tobacco companies.

ITC hikes prices of Bristol, Flake Excel and Capstan

ITC hikes prices of Bristol, Flake Excel and Capstan

The Kolkata-headquarted company has increased the prices by about 7 per cent to 14 per cent.

Over 100 organisations denounce Philip Morris' attempt to 'infiltrate WHO policymaking'

Over 100 organisations denounce Philip Morris' attempt to 'infiltrate WHO policymaking'

To do so would depart from WHO's strict longstanding policy of not working with the tobacco industry, whose business practices have been proven to be contradictory with and detrimental to public health, they said.

Bidi smoking cost India Rs 80,550 crore last year: Study

Bidi smoking cost India Rs 80,550 crore last year: Study

Bidi -- a cheap cigarette made of unprocessed tobacco wrapped in leaves -- is very popular in India, accounting for 81 per cent of the tobacco smoked and 72 million regular users over the age of 15.

Philip Morris International appoints Alexander Reisch as IPM India Wholesale Trading MD

Philip Morris International appoints Alexander Reisch as IPM India Wholesale Trading MD

IPM India Wholesale Trading is a joint venture between Philip Morris Brands Sarl of Switzerland, Godfrey Phillips India and K.K. Modi Investment & Financial Services.

Govt should raise stake in ITC to prevent hostile takeover by BAT: SJM

Govt should raise stake in ITC to prevent hostile takeover by BAT: SJM

London-headquartered British American Tobacco (BAT) owns 29.5% in ITC while government-controlled financial institutions together hold 27.84% in the company.

Is India losing out on a ready-to-boom cannabis market by not legalising its use?

Is India losing out on a ready-to-boom cannabis market by not legalising its use?

Looks like it’s not just the beverage companies that have an interest in cannabis. The trend now extends to the beauty industry.

TOBACCO STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty FMCG29366.6286.70.990
ITC271.9510.376357525
VST Industries3228.9-22-0.681855
Godfrey Phillips India767-3.4-0.4420123
Kothari Products68.91.72.536286
Golden Tobacco31.50.451.45899
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