Tag: cigarette tax
Posted in Business
ITC market cap erodes by ₹63,000 crore as ‘tax shock’ stokes concerns on profitability| Business News
India’s largest cigarette maker ITC Ltd. wiped out nearly $7 billion (~ ₹63,000 crore) in market capitalisation after the government’s cigarette “tax shock” stoked concerns…
Posted in Business
ITC share price takes a hit as India hikes excise duty on cigarettes from February 1| Business News
The government has imposed additional excise duty on tobacco products from 1 February 2026, making cigarettes costlier for an estimated 10 core smokers in the…