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Mr and Mrs Patel wanted to be President...

 A husband and wife from Mumbai filed their nominations for Monday's Presidential election.A sign that common Indians like you and me can aspire to be the First Citizen of the land.Rediff.com's......

Holy smoke! ITC loses nearly Rs 50,000 cr in M-cap

 The stock was the worst hit among Sensex and Nifty components. Tobacco stocks on Tuesday took a beating, led by ITC that plummeted 15 per cent in intra-day wiping out Rs 49,731 crore from its......

Nifty ends at record close for 2nd straight session, up 2.5% for the week

 The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85% Benchmark indices settled the day marginally high with Nifty50 index hitting another fresh closing of 9,160 even as......

Cigarette cos hit hard on GST panel suggestion; ITC slumps 6.5%

 Cigarette stocks witnessed heavy selling pressure on Monday, falling as much as 6.5 per cent, after a GST panel suggested 40 per cent tax rate for demerit goods like pan masala and tobacco. Shares......

How India's tax system helps cigarettes flourish

 Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter, points out Charu Bahri/IndiaSpend. In March 2015 - in......

ITC chairman questions NGO funding

 ITC chairman Y C Deveshwar said that foreign funded non-government organisations with vested interests were prodding the government to increase taxation on cigarettes, and consequently hurting the......

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