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…
Joel Embiid is not playing tonight (Image via NBA) The Philadelphia 76ers will be short-handed once more as they get ready to play the Orlando Magic on Tuesday night. The outcome of this Eastern Conference game could be significantly impacted by the serious injury issues that both teams are facing. However, because of the care…
The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the…