ITC shares plunge 14% on steep tobacco tax hike
ITC shares hit a 3-year low after a steep excise duty hike on tobacco, eroding ₹72,300 crore in shareholder wealth. LIC faces a massive ₹11,460 crore loss. Key brokerages downgrade the stock.
Category : Search result: tobacco ban
Tobacco Duty Hike: Why Some FMCG Stocks Unaffected
Union Budget 2026's additional excise duty on tobacco had a mixed impact on FMCG stocks. Discover why shares of companies like ITC, Godfrey Phillips, and VST Industries reacted differently.
Govt hikes excise duty on cigarettes; prices to rise from Feb 1
Cigarettes to get costlier as the Centre imposes additional excise duty from February 1. Find out how much more you'll pay for brands like Marlboro, Gold Flake, and others.
ITC Shares Drop Over 5%, Tobacco Stocks Slide
ITC shares fell more than 5% on Friday, dragging down the broader tobacco sector. The sell-off follows a recent government report and ongoing regulatory pressures. Discover the key reasons and market impact.
ITC Stock Hits 52-Week Low on New Tobacco Tax
ITC share price crashed over 5% to ₹345.35 after the government announced a fresh excise duty on cigarettes. Get the full details on the market impact and new tax rates effective February 1.
New GST Rates on Tobacco, Pan Masala Effective Feb 1
The GST Council has approved new tax rates for tobacco, pan masala, and other items from February 1. Learn about the revised compensation cess and its impact on prices.
Cigarette Prices to Rise 20% from February 1
Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.
New Tobacco & Pan Masala Cess: 40% GST + Excise from Feb 1
India's new tax structure for tobacco & pan masala kicks in Feb 1. Cigarettes face extra excise, pan masala gets 48% 'Health Security Cess'. Read the full impact.
India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
Tobacco Makers Must Install CCTV, Keep Footage for 24 Months
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Cigarettes, Tobacco Costlier from Feb 1 After Excise Duty Hike
Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.
ITC stock crashes 10% on new tobacco excise duty
ITC shares tumbled nearly 10% to a three-year low after the government announced a new excise duty on cigarettes. Analysts warn of price hikes and volume impact. Read the full analysis.
Tobacco Stocks Tank 10% on New Sin Tax Cess Announcement
Godfrey Phillips shares fell 10% as new levies on tobacco and pan masala replaced the GST compensation cess. Explore the market impact and details of the January 2026 tax change.
New Excise Duty on Tobacco Products Effective Feb 2
The Indian government has levied an additional excise duty on tobacco products like cigarettes and bidis. The new duty, effective February 2, aims to boost revenue. Learn about the impact on prices and industry.
Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike
The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.
Tobacco Stocks Plunge as Govt Imposes New Excise Duty, Health Cess
Shares of ITC and Godfrey Phillips India plummeted after the finance ministry notified new excise duty and a health cess on tobacco products. Discover the impact on prices and public health.
ITC Stock Drops on Higher Excise Duty, Health Cess in Budget
ITC shares fell after Budget 2026 proposed higher excise duty on tobacco and a new health cess on pan masala, effective Feb 1. Cigarettes set to get costlier. Full analysis inside.
New Tax on Tobacco, Pan Masala from February 1
The government introduces a new tax structure for tobacco and pan masala from February 1, replacing the GST compensation cess with additional duties. Learn the impact.
New Tobacco, Pan Masala Taxes Effective February 1
India hikes excise duty on tobacco and imposes a health cess on pan masala from February 1, likely raising prices for 100 million smokers. Read the full details and impact.
Centre Raises Excise Duty on Cigarettes from Feb 1
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
New Health & National Security Cess on Tobacco from Feb 1
The Centre introduces a new health and national security cess on tobacco, replacing the GST compensation cess from February 1. This tax overhaul aims to keep levies high and align with WHO benchmarks. Read more.
African Nations Impose Reciprocal Travel Bans on US Nationals
Burkina Faso and Mali impose reciprocal travel restrictions on US citizens after Trump's expanded ban on 39 countries. 25 African nations are affected, raising concerns for the 2026 FIFA World Cup. Read the full list here.
Govt Bans Manufacturing of Painkiller Nimesulide
The Indian government has prohibited the manufacture of painkiller nimesulide, citing safety concerns. Know the details and implications of this major healthcare decision.
6mg Nicotine Pouches Seek Approval in India
Indian firms seek CDSCO nod to sell high-strength 6mg nicotine pouches as NRT, sparking fears of youth initiation and addiction. Experts warn of cardiovascular risks.
Amritsar Walled City Ban on Meat, Tobacco Faces Backlash
The recent ban on liquor, meat, and tobacco in Amritsar's walled city has residents and traders protesting, citing threats to personal freedom and livelihoods. Read more about the controversy.
Surrogate Ad Rules Stuck in Legal Grey Zone
India's guidelines to curb surrogate ads for alcohol & tobacco face indefinite delay due to legal hurdles under Consumer Protection Act. Industry seeks clarity as health experts warn of risks.
5 Daily Habits That Raise Your Mouth Cancer Risk
Your daily routine could be harming you. Discover 5 common habits, from sun exposure to alcohol, that significantly increase the risk of oral cancer. Learn how to protect yourself today.
Suniel Shetty rejected Rs 40 crore tobacco brand deal
Bollywood actor Suniel Shetty refused a massive Rs 40 crore deal to endorse tobacco. He opens up on his father's demise, career break, and finding confidence. Read his inspiring story.
Suniel Shetty refused Rs 40 crore for tobacco brand ad
Bollywood actor Suniel Shetty reveals he turned down a massive Rs 40 crore offer to endorse a tobacco brand, prioritizing his values and family legacy over money. Read his full statement.
Oral Cancer in India: Tobacco Warnings Fall Short
Despite decades of graphic warnings, oral cancer rates in India continue to rise. Explore the complex factors behind this public health puzzle and what needs to change.
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