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.
A hotel in 1975, entry into paperboards in 1979, India's dominant cigarette maker, ITC, read the tea - or tobacco - leaves early, leveraged its enterprise strengths and stepped up the diversification agenda to create multiple drivers of growth. Some failed, some faltered, some were transformational, adding steadily to the top line. Now those efforts are making a difference: margins from non-cigarettes - FMCG, hotels, agri, paperboards, paper and packaging - are expanding and profits are kicking in more significantly than ever before.
Though some members of the crew were released later Bhavik Shah, who admitted to his crime, was detained for eight hours.
A new study has shown that kids who see cigarettes as easily accessible are more likely to end up as regular smokers, particularly if they have friends who smoke."We found that if you get kids to answer just two simple questions - 'would it be easy for you to get a cigarette?' and 'do you have friends who smoke?' - you can identify those who are at high risk of becoming regular smokers," said lead author, Chyke Doubeni, PhD, with the University of Massachusetts Medical School
'This isn't a post about Dimple's talent though she has that in spades, it's about the little I saw of her character. During a very difficult phase in my life she was one of a mere handful of people who publicly stood by me.'
On the other hand, mobile accessories, medical equipment energy efficient CFL lamps, set top boxes, compact disc, toys and books will be cheaper on account of some tax concessions offered on these items by Finance Minister Pranab Mukherjee in the Union Budget for 2010-11.
The war of words between the Samajwadi Party and Union Steel Minister Beni Prasad Verma war turned personal on Sunday with SP leader Shivpal Yadav accusing the Union Minister of smuggling opium and using charas.
Raising toast to 25 successful years, India's largest wine maker Sula Vineyard is eyeing a sustained double-digit growth in revenue over the next five years, buoyed by growth in the premium and elite categories and expansion of its new ranges. It was during Covid that the vineyards shifted focus to its own brands and pivoted towards growing the premium and elite segment of the market.
Target prices around Rs 400 suggest a significant upside.
Three schoolchildren were burnt with cigarette butts allegedly by the superintendent of a remand home in Indore in Madhya Pradesh, police said on Saturday.
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.
Seeking to assuage pilot shortage concerns, Akasa Air's chief executive Vinay Dube on Friday said the carrier has sufficient pilots and flyers should not expect any flight cancellations. "We have plenty of pilots. We have given numbers like 700 in the past. "I don't think this is something from an Akasa perspective people need to worry about because we have got this plan in place where we have pilots not just for our current set of aircraft but we have got pilots for the foreseeable future in terms of growth," Dube told PTI at the sidelines of a CII event.
'Bahut mazaa aaya tha doing Agneepath. When you are working with good actors, it enriches your acting.' 'Amitabhji and I had done Shahenshah before, but that was a fun film.'
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
Union Health Minister Anbumani Ramadoss said on Saturday that the mandated pictorial warning on cigarette and beedi packets will come into effect from December 1.
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
British multinational BAT PLC on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block trade. In a statement, British American Tobacco PLC (BAT), the single largest shareholder in ITC Ltd (ITC), said its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) intends to sell up to 43,68,51,457 ordinary shares in the Indian diversified entity to institutional investors by way of an accelerated bookbuild process (block trade), subject to customary closing conditions.
Former smokers share their experiences on how they went about kicking the butt.
Cigarette Ki Tarah is so bad, it doesn't deserve any stars!
Maharashtra government on Wednesday informed the Bombay high court that all municipal corporations in the state have been asked to incorporate the provisions of Cigarette and Other Tobacco Products (Prohibition) Act in the license agreements of restaurants and eating joints, which means a complete ban on sale of hookah and other tobacco products at these places.
Shah said the new laws would give priority to providing justice, unlike the colonial-era laws that gave primacy to penal action, and made reporting of crimes even easier by recognising e-FIR, Zero FIR and electronic or digital evidence.
With a view to expand globally following stringent regulations on smoking and its advertisements in the country, Godfrey Phillips India is launching its first international brand of cigarette -- Force 10 -- in the African continent next month.
The play by the Lalit Kala Kendra, officially called the Centre for Performing Arts, was based on the backstage banter of actors who perform various roles in 'Ramleela'.
Efforts have also intensified to extinguish the raging forest fires in the state, especially in the worst-affected areas of Nainital, Haldwani and Ramnagar forest divisions, forest officials here said on Sunday.
ITC's results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division's performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 per cent growth in non-cigarette earnings before interest and tax (Ebit), despite a relatively weak performance in paperboards.
Amidst a raging controversy over remarks on smoking by a Bharatiya Janata Party MP who is a 'beedi' baron, another Member of Parliament from the party Ram Prasad Sarmah on Friday waded into the row, claiming there is no clear proof yet linking cigarette puffing and cancer while wondering whether tobacco contains "herbal medicine"
ITC's move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor's concerns on the company's capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
Union Home Minister Amit Shah said the Delhi case was not the first FIR registered in the country. He said the first case under the new laws was about a motorcycle theft registered in Madhya Pradesh's Gwalior at 10 minutes past midnight.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Traders in Kerala on Thursday decided not to sell cigarettes in the state from April 16 as tobacco-manufacturing companies were 'not prepared' to pay the value-added tax for the products.
Do you know how to buy the best lady's fingers? Or choose the best cauliflower?
The Supreme Court on Friday granted interim protection from coercive action to filmmaker Leena Manimekalai in connection with FIRs registered against her in various states over a controversial poster of her upcoming documentary film showing goddess Kaali smoking a cigarette.
Once in a way a gal will come along who will totally sweep you off your feet with her fashion.
Sandeep Reddy Vanga's action thriller Animal packs excitement.
Dr Minish Jain, director of medical oncology, Ruby Hall Clinic highlights the need and importance of early screening to detect and prevent cancer.
Sanjiv Puri, chairman and managing director of ITC, is looking to expand the conglomerate's play outside India by taking "strategic positions" in markets close to home in the non-cigarette fast-moving consumer goods (FMCG) and hospitality businesses. In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.
According to the notification, publishers of online curated content displaying tobacco products or their use will be required to display anti-tobacco health spots each of a minimum of 30 seconds at the beginning and middle of the programme.
A massive fire that ripped through a seven-storey shopping mall in Dhaka overnight killed at least 46 people and injured 22 others, the government said on Friday, in one of the worst infernos to hit Bangladesh in recent years.
Taliban and swine flu are among the evils Mumbai wants to ward off as it preps to light the Holi bonfire.
