From the 30-Sensex firms, ITC tanked 9.69 per cent, following Bajaj Finance, Asian Paints, Bharat Electronics and ICICI Bank. In contrast, NTPC, Eternal, Mahindra & Mahindra, Larsen & Toubro and Power Grid were among the gainers.
This is the second-worst performance by the pack during this period over the last five years since CY20.
Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
Unresolved succession plans and informal ownership structures are fuelling bitter family fights across India's corporate boardrooms.
ITC has introduced differentiated cigarettes like Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end. Godfrey, too, introduced flavoured variants like Four Square Clove Crush in the mid-tier segment and has seven variants of the Marlboro brand for India.
Lalit Modi transferred his 2,000 shares worth Rs 114,000,0 (as of Friday) in his name to son Ruchir Kumar Modi.
'Everything can be resolved, but my husband's legacy is not up for sale.'
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Shares of cigarette companies such as Godfrey Phillips and ITC surged as much as 10.4 per cent on Thursday.
The initiative, which is now across 12 locations, costs the company anywhere between Rs 3-5 lakh per location. The company refused to divulge expansion plans.
Leading cigarette maker Godfrey Phillips expects its revenues to grow by over 10 per cent in the fiscal ending March 31, 2004 on the back of rising sales.
It's FaFa time and more on OTT this week! Sukanya Verma lists her recommendations.
An FIR was filed on Tuesday against ruling Dravida Munnetra Kazhagam MP S Gnanathiraviam and several others in connection with an assault on a pastor in Thirunelveli, the police said.
Dabrera said he has visited all the three venues personally to oversee the preparations.
Yes, it's possible to Zoom with Santa Claus this Christmas.
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
IMAGES from the English Premier League matches played on Saturday.
Images from the English Premier League matches played on Saturday.
A photo of a black police officer helping a white supremacist during rival rallies held in South Carolina in the United States by African-Americans and members of the white fanatic group Klu Klux Klan has gone viral and is generating positive reaction.
Witherspoon will produce and may act in Under The Bridge, about the 1997 killing of Reena Virk.
A round-up of the action in the English Premier League on Monday.
Currently, 40 per cent of the front and back panel of cigarette packs is covered with warnings.
Roberto Firmino scored twice as Liverpool boosted their hopes of Champions League football next season
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
R Madhavan on playing mathematician Srinivasa Ramanujan.
The Indian men's recurve team of Jayanta Talukdar, Tarundeep Rai and Rahul Banerjee settled for a silver after going down to their opponents from Great Britain in the Archery World Cup Stage II in Antalya.
Do you think carrying pictorial warnings on Indian cigarette packets will discourage desi smokers? Tell us what according to you will reduce smoking amongst young Indians.
Each year for 20 years now Godfrey Phillips has been giving out awards for various acts of bravery. These are the winners of the Maharashtra-Chhattisgarh-Goa zone.
The companies said there was no clarity on types of warnings to be carried on the packages. ITC, the maker of India Kings, Gold Flake and Navy Cut, stopped production at all the five units located across India from yesterday. It has manufacturing facilities in Bangalore, Munger, Saharanpur and Kolkata.
India's tobacco majors ITC and Godfrey Phillips India (GPI) have stopped production of cigarettes in view of uncertainty over the sort of pictorial warnings that needed to be carried on tobacco products starting this month.
Giving in to the demand of the tobacco industry, the government on Tuesday decided to retain the existing pictorial warnings on cigarette and bidi packages for one more year.
The rules make India's health warnings on tobacco products the world's most stringent, along with Thailand
Hit by the recent government diktats on banning smoking in public places, cigarette manufacturing firms are putting up a brave front and are gearing up to cope with the revenue loss. While companies like Godfrey Phillips have put up 'no-smoking' posters in their offices and removed ash-trays, lighters from their premises, others like ITC and the Indian Hotel Association have sought relief from the Supreme Court.
Commonwealth Games bronze medallist Jitender Kumar (51kg) became the fifth Indian pugilist to make the cut for Beijing Olympics after winning the third-place playoff in the Asian Boxing Qualifiers in Astana, Kazakhstan on Sunday.
Goa's Salgaocar Sports Club won the South and West Zone qualifying round of the Nike-MUPC under-15 football tournament at the Nehru stadium in Chennai on Saturday. They beat Cosmos, Tiruvallur, by a 15th minute goals, scored by Pandhari Chopdekar off a pass from Godfrey Silva.
Images from Saturday's action in the Premier League.
From being considered as 'niche' and hence available only in five star hotels and duty free shops, cigars seem to be slowly gaining popularity as they now adorn almost every neighbourhood pan shop.
Chelsea extended their impressive turnaround under new coach Thomas Tuchel with a 2-0 home win over in-form Everton on Monday as Kai Havertz played a key role in both goals on his return to the starting 11.
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