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.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The police want to trace the youths as well as a minor seen in the viral video, it said in court.
Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.
Phillip Morris says its research shows that the product while giving the same delivery of nicotine to smokers, does not produce the toxic and carcinogenic effects of cigarette smoking known as harmful and potential harmful constituents.
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.
'Tobacco Kills/Smoking Kills' -- such health warnings would be mandatory on all tobacco products soon failing which the sellers would attract stringent penalty including imprisonment.\n\n
Senior science journalist, Dinesh C Sharma told rediff.com that the way ahead would require higher public awareness and discourse on these factors and building advocacy for reversing such government policies
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.
None of Amjad Khan's subsequent roles could outshine Sholay. He had begun his career at the top and had no higher peaks left to conquer. Dinesh Raheja salutes the iconic actor on his 80th birth anniversary.
Rejecting reservations of tobacco companies, the products will have to clearly display a scorpion and lungs as pictorial warnings.
Half of India's smokers unaware that their habit is one of the major reasons for a stroke.
'Have you seen foreign cigarette packets? They only have words warning us about the use of tobacco. While ours have pictures already covering 40 per cent area. I am just saying wait for our study before increasing it.' 'I repeat that I am aware that gutka and tobacco are harmful. Awareness is what we need. We are creating awareness. We are doing it on radio and television.' BJP MP Dilip Gandhi, who says there is no study in India that links tobacco use with cancer and has stayed the increase in size of pictorial warnings on cigarette packets, speaks to A Ganesh Nadar/Rediff.com
To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.
This became clear with Parliamentary Affairs Minister P R Dasmunshi revealing on Tuesday that the Bill will be brought for consideration in the current session itself.
GST Council has also reached consensus on the definition of revenue to compensate states for revenue loss
Piqued by the number of states opting to ban the production, sale and marketing of gutkha, a group of manufacturers under the aegis of the Smokeless Tobacco Association have issued print ads saying it is unfair to ban their products when the tobacco content in these is lower than that in cigarettes.
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.
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.
Smokers and tobacco consumers will have to shell out more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
A pick-up in low-cost cigarette consumption helped India's largest cigarette maker boost margins
Arthritis, cancer, blindness, erectile dysfunction... smoking can have adverse effects on your overall health, warns Dr Harish Chafle, senior consultant-pulmonology and critical care, Global Hospitals, Mumbai.
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.
'Smokers are a highly susceptible population during this pandemic.' 'Health benefits from quitting smoking can start as early as within an hour.'
The markets will be eyeing the amendments.
Deveshwar wondered whether the countries FUNDING the anti-smoking NGOs had pictorial warnings.
ITC Ltd on Friday reported a 23.09 per cent increase in consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 2022, helped by growth momentum across its operating segments. The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue from operations was up 3.56 per cent to Rs 19,020.65 crore during the quarter under review, as against Rs 18,365.80 crore in the corresponding period of the previous fiscal.
The stock was the worst hit among Sensex and Nifty components.
Tips to safe driving this rainy season.
Brushing aside opposition, the government on Tuesday moved to amend the anti-smoking law and proposed radical changes, including ban on sale of loose cigarettes and raising the minimum age of a person buying tobacco products to 21 years from existing 18.
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.
A large number of items including petrol, diesel, gold, silver, cigarettes, fully-imported cars and split air conditioners will become more expensive due to hike in taxes, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2019-20.
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?
Mukesh Ambani is stringing in new partnerships within the Reliance ecosystem with the best in global business -- from Facebook, Google and Microsoft to umpteen sovereign wealth funds and a soon-to-be-declared strategic partner in a big global retailer, notes Shailesh Dobhal.
The map shows the number of cigarettes smoked daily per smoker and the smokers per million population.
Breathing exercises can clean your lungs, strengthen, improve lung function and increase lung capacity.
Since it's No Tobacco Day today, here's some added incentive to help you kick the butt.
They might be role models for the larger population, but a new study shows that health professionals are one of the maximum users of tobacco in the country, with more than 50 per cent of them engaging in smoking or other activities. According to the Global Tobacco Surveillance System, lifetime prevalence of cigarette smoking and use of other tobacco products among third-year medical students was reported to be 28.2 per cent and 22 per cent respectively.
