Category : Search result: ITC Culinaire


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.

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.

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.

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.

Stock Market Flat on 2026's First Day; ITC Falls

Indian stock markets began 2026 on a muted note with Sensex closing flat near 80,000. ITC was the biggest laggard, while broader markets showed resilience. Read the full analysis.

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.

BAT Sells 7% ITC Hotels Stake Worth Rs 3,000 Crore

British American Tobacco plans to sell a 7% stake in ITC Hotels this Friday, valued at Rs 3,000 crore, as part of its strategy to exit non-core holdings. Read the full details of the deal.

Brokerage Calls: PB Fintech, Chalet Hotels, Hindalco, ITC

Key brokerage updates on Indian stocks: BofA neutral on Policybazar, Jefferies buys Chalet Hotels, CLSA bullish on Hindalco, Citi upgrades HDFC AM, Macquarie sees upside in ITC. Read for target prices and analysis.

Apple Watch Faces New US Import Ban Threat

US ITC investigates Apple's redesigned blood oxygen feature. Potential import ban on Series 9, Series 10 & Ultra 2 watches could disrupt holiday sales. Latest update on $634M patent battle.

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