ITC shares plunge 14% on steep tobacco tax hike
ITC shares hit a 3-year low after a steep excise duty hike on tobacco, eroding ₹72,300 crore in shareholder wealth. LIC faces a massive ₹11,460 crore loss. Key brokerages downgrade the stock.
Category : Search result: Additional Excise Duty
Tobacco Duty Hike: Why Some FMCG Stocks Unaffected
Union Budget 2026's additional excise duty on tobacco had a mixed impact on FMCG stocks. Discover why shares of companies like ITC, Godfrey Phillips, and VST Industries reacted differently.
Govt hikes excise duty on cigarettes; prices to rise from Feb 1
Cigarettes to get costlier as the Centre imposes additional excise duty from February 1. Find out how much more you'll pay for brands like Marlboro, Gold Flake, and others.
ITC Stock Hits 52-Week Low on New Tobacco Tax
ITC share price crashed over 5% to ₹345.35 after the government announced a fresh excise duty on cigarettes. Get the full details on the market impact and new tax rates effective February 1.
Cigarette Stocks Plunge as New GST, Excise Duty Take Effect
Cigarette stocks like ITC crashed after govt notified new tax structure from Feb 1, replacing GST cess with higher excise. Analysts warn of 15-20% price hikes impacting sales. Full details inside.
Gujarat promotes 48 IAS officers in major bureaucratic reshuffle
Gujarat government promotes 48 IAS officers from 1996 to 2022 batches. Key promotions include five 1996-batch officers to Additional Chief Secretary rank. Get the full list of names and new postings here.
Cigarette Prices to Rise 20% from February 1
Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.
New Tobacco & Pan Masala Cess: 40% GST + Excise from Feb 1
India's new tax structure for tobacco & pan masala kicks in Feb 1. Cigarettes face extra excise, pan masala gets 48% 'Health Security Cess'. Read the full impact.
India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
Tobacco Makers Must Install CCTV, Keep Footage for 24 Months
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Cigarettes, Tobacco Costlier from Feb 1 After Excise Duty Hike
Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.
ITC stock crashes 10% on new tobacco excise duty
ITC shares tumbled nearly 10% to a three-year low after the government announced a new excise duty on cigarettes. Analysts warn of price hikes and volume impact. Read the full analysis.
New Excise Duty on Tobacco Products Effective Feb 2
The Indian government has levied an additional excise duty on tobacco products like cigarettes and bidis. The new duty, effective February 2, aims to boost revenue. Learn about the impact on prices and industry.
Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike
The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.
Sonipat lawyer couple secures 150+ convictions
Meet Yogita and Vineet Dahiya, the lawyer couple from Sonipat serving as Additional Public Prosecutors in Delhi. They have secured over 150 convictions, with 85% under the POCSO Act, turning India's darkest legal files into justice. Read their inspiring s
Tobacco Stocks Plunge as Govt Imposes New Excise Duty, Health Cess
Shares of ITC and Godfrey Phillips India plummeted after the finance ministry notified new excise duty and a health cess on tobacco products. Discover the impact on prices and public health.
Gujarat promotes senior IAS, IPS officers in New Year reshuffle
Gujarat government promotes six 1996-batch IAS officers to Additional Chief Secretary and elevates 14 IPS officers. Three become DGPs. Key postings in Finance, Health, and Education.
ITC Stock Drops on Higher Excise Duty, Health Cess in Budget
ITC shares fell after Budget 2026 proposed higher excise duty on tobacco and a new health cess on pan masala, effective Feb 1. Cigarettes set to get costlier. Full analysis inside.
New Tax on Tobacco, Pan Masala from February 1
The government introduces a new tax structure for tobacco and pan masala from February 1, replacing the GST compensation cess with additional duties. Learn the impact.
Tata Steel Rallies 8% on Govt's Steel Duty Extension
Tata Steel shares continue their rally, gaining 1.2% to hit a one-month high after India extends safeguard duties on steel imports for three years. Discover the impact on the sector and future demand outlook.
New Tobacco, Pan Masala Taxes Effective February 1
India hikes excise duty on tobacco and imposes a health cess on pan masala from February 1, likely raising prices for 100 million smokers. Read the full details and impact.
ITC, Godfrey Phillips shares tank on cigarette excise duty hike
Shares of ITC and Godfrey Phillips fell sharply after the government announced a hike in excise duty on cigarettes in the interim budget. The new rates are effective from February 1. Read for full market impact analysis.
Centre Raises Excise Duty on Cigarettes from Feb 1
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
India imposes 3-year steel import duty to curb cheap shipments
India imposes 11-12% safeguard duty on select steel imports for three years to protect domestic industry from cheap shipments, primarily from China. Read the full details.
Former Advocate General's Wife Murdered in Mohali
Shocking crime in Mohali as the wife of a former Additional Advocate General is found strangled. House ransacked, valuables stolen. Police launch manhunt.
Ex-AAG's wife strangled in Mohali home robbery
Ashok Kumari, 66, wife of ex-additional advocate general, killed during robbery in Phase-5, Mohali. Domestic help questioned. Police probe on.
Congress Protests Tata Power's ASD Demand in Bhubaneswar
Congress members staged a protest at TPCODL office in Bhubaneswar against additional security deposits. OPCC chief Bhakta Das called electricity a basic necessity and vowed state-wide agitation.
Mumbai to get 749 new suburban train services by 2030
Mumbai's Central and Western Railways will launch 749 additional suburban services by 2030, enabled by new coaching terminals at Panvel, Kalyan, Parel, and LTT. This expansion aims to reduce overcrowding and improve commuter reliability.
Pune Excise Raids Illegal Liquor Party at Viman Nagar Pub
Pune excise department raided The Noir pub in Viman Nagar, booking 52 people and seizing items worth ₹3.67 lakh in an illegal liquor party. 21 squads formed for New Year vigilance.
Delhi court convicts three men in 2021 murder case
A Delhi court has convicted three men for the 2021 murder of Rohit. The verdict brings closure to a case of fatal assault over a monetary dispute. Read the full details.
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