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 […]
Mumbai: Shares of cigarette-to-consumer goods conglomerate ITC closed at a three-year low on Friday, extending losses to a second straight session after most brokerages downgraded the government following the government’s announcement of an additional excise duty on tobacco products with effect from February 1. The stock fell 3.8% to ₹350.1 on Friday after falling almost […]
Hello, you are listening to ET Markets Radio. I am your host, Neha Vashishth. Welcome to another episode of ET Market Watch, where we bring you the latest news from the world of stock markets every day. Let’s dive in:Indian stocks have started 2026 strongly, posting gains for the second straight session. The Nifty 50 […]
Shares of India’s largest cigarette maker ITC suffered the steepest one-day decline in almost six years on Thursday, with shares plunging 10% and wiping out more than Rs 50,000 crore in market capitalization after the Finance Ministry imposed a steep new tax on cigarettes late on Wednesday.The stock tumbled to a fresh 52-week low of […]
