Latest Updates Around The World
Shares of cigarette makers ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd rose up to 12% after media reports showed companies have hiked prices to pass on higher costs to consumers. The price increases are intended to offset the recent excise tax increase, reducing the expected EBIT decline to around 2%, compared to […]
Shares of ITC LTD, one of the largest cigarette manufacturers in India, will be in Focus on Thursday 4 September, after the GST Council had clarified that the current 28% GST Plus compensation structure on tobacco products will continue until compensation-related loans will be fully refunded. After that, a revised 40% GST plate is introduced […]
ITC Ltd on Friday Reported a Marginal decline in Standalone Net Profit at RS 4912.36 CRORE (RS 4917.4 CRORE) for the first Quarter Ending June, While Standalone revenue from Operations Surged By 19.7% Year-on-? Attributed to the Cigarette, Fast Moving Consumer Goods (FMCG) and Agri Businesses. The conglomerate said in his income that early signs […]
