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KANPUR: The autopsy report of an 11-year-old student at a private school operating on a gurukul pattern in Alamnagar, Lucknow, who was murdered and whose body was found dumped outside his home in Kanpur on Wednesday, showed the child was burned with a cigarette 11 times and had 43 marks of serious injuries.Maharajpur Police registered…
‘Dhurandhar 2’ has found itself in the midst of a controversy following criticism of a particular scene featuring R Madhavan and Ranveer Singh. An FIR was lodged at Mumbai’s Mulund Police Station by Gurjyot Singh Keer, a Shiv Sena (Shinde faction) leader and president of the group ‘Sikhs in Maharashtra’ raising objection to a scene…
RAIPUR: A puff of cigarette nearly turned into a fireball at Chhattisgarh’s Raipur petrol pump after a youth allegedly set a fuel nozzle ablaze using a lighter when asked not to smoke, that triggered flames on a motorcycle and pump. Amid panic, the pump staff averted a major disaster and doused it with a fire…
Cigarette stocks lit up Dalal Street on Wednesday after reports that manufacturers had raised prices to counter higher tax outgo. Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd climbed by as much as 15%, following media reports that companies have implemented price hikes to pass on the impact of the recent…
After the new excise duty regime kicked in, cigarette prices have gone up, with a pack of 10 sticks now costing at least Rs 22–25 more than before.This follows the government’s decision to raise taxes on cigarettes for the first time in nearly seven years, bringing India’s tobacco taxation closer to global public health norms….
A sharp increase in taxes on cigarettes, along with a new excise duty structure on tobacco products, could trigger a surge in illicit trade and lead to significant revenue losses for the government, experts have warned.Earlier this week, the finance ministry notified amendments to the Central Excise Act, introducing a fresh excise duty ranging from…
MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as analysts and brokers awaited the finer details of the govt’s proposed tax changes, effective Feb 1.Analysts at brokerage houses expect…
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
The government’s surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings cuts and valuation resets as analysts brace for pressure on volumes, margins and long-term profitability.ITC shares tumbled to a three-year low of Rs 345.35 on Friday, extending a two-day rout that has wiped…
NEW DELHI: The withdrawal of GST compensation cess on cigarettes from next month will be matched by an increase in excise, and pan masala will face a health and national security cess. While govt had announced the changes earlier, the date for the tax rejig, from Feb 1, was notified late Wednesday, sending cigarette stocks…
