Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
8,083.80-170.0
Stock Analysis, IPO, Mutual Funds, Bonds & More
Retailers selling cigarettes and liquor in black hike prices

While grocery shops are the only ones selling cigarettes since pan-and-cigarette shops remaining closed for the 21 days lockdown, these retailers are selling packs at Rs 5-15 more than their printed price citing limited stock, a senior industry executive said.

Coronavirus: Godfrey Phillips India shuts three factories temporarily

​"As an organisation what is of utmost importance to us is our employees' health and safety. In fact about 10 days ago, we announced work from home just to ensure that nobody gets exposed, much before the lockdown," Wadhera told PTI.

ITC focuses on innovation to sustain leadership position in cigarette biz

Industry sources said that ITC has been introducing new variants and augmenting its product portfolio in the cigarette business. "Key market interventions in recent months include the launch of innovative and differentiated offerings such as Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end," according to sources.

Health Ministry mulling to increase legal age for tobacco consumption

The committee, besides increasing the legal age of tobacco consumption, has also recommended increasing the fine amount for violation of rules and introducing a provision of tracking and tracking mechanism to check illicit trade of cigarette and tobacco products, an official said.

BCAS bans e-cigarettes in airports and aircraft

"Upon the prohibition of electronic-cigarettes by the Ministry of Health and Family Welfare, it has been decided that e-cigarettes includes all forms of electronic nicotine delivery system (ENDS), heat not burn products, e-hookah and the like devices," stated the Bureau of Civil Aviation Security circular dated January 10.

ITC hikes cigarette prices by 20% to offset rise in tax

ITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for the regular cigarette of 69-mm size the price has gone up by around 14-16%. In entry level sub-64 mm small size cigarettes, the hike is between 12% and 20% depending on the brands.

Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobacco

Price of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in duties, while for the larger size sticks and premium packs the price hike will be 4-5%.

Jupiter Asset Management Ltd raises red flags over Godfrey Phillips India's governance standard

"We have previously raised the broader question of the group's corporate governance with the company.Jupiter does not dictate board structures to companies, but it is clear to us that a review of the group's governance would be beneficial to improve wider investor confidence, in keeping with the broader governance reform agenda already underway in India," Jupiter said

Godfrey Phillips India, other KK Modi businesses up for sale

The KK Modi Family Trust is said to have put Godfrey Phillips India and other the family controlled businesses including wellness brand Modicare on sale as the trust members failed to unanimously decide on the future of management of their assets, according to documents in possession with ET.

Godfrey Phillips India, other KK Modi businesses up for sale

Godfrey Phillips sells Marlboro brand of cigarettes and is among the country’s largest tobacco manufacturers.

The Indian market is a very tough one for premium cigars because the taxes are so outrageous: Rocky Patel

The Indian market is a very tough one for premium cigars because the taxes are so outrageous: Rocky Patel

“The Indian market is a very tough one for premium cigars because the taxes are so outrageous. The government does not differentiate between other tobacco products such as cigarettes and beedis which are addictive and very harmful and premium cigars which are luxury products, smoked occasionally and not inhaled,” Patel said.

E-cigarette legislation 'all bark no bite', diluted under industry influence

E-cigarette legislation 'all bark no bite', diluted under industry influence

A recipient of 2013 WHO award for fighting tobacco, he said the bill "partially addresses" the usage of e-cigarettes, which is less than 1 per cent of the real problem of nicotine abuse.

UK health policy body says e-cigarettes less harmful: Trade representatives' letter to Harsh Vardhan

UK health policy body says e-cigarettes less harmful: Trade representatives' letter to Harsh Vardhan

The Union Health Ministry has put the draft of a bill, that will replace an ordinance issued in September to ban e-cigarettes, in public domain seeking feedback and comments from public. The ministry intends to introduce the Prohibition of Electronic Cigarettes Bill, 2019, in the forthcoming session of Parliament.

3-year jail, Rs 5 lakh fine for offenders of e-cigarettes ban- Health and Family Welfare Secretary

3-year jail, Rs 5 lakh fine for offenders of e-cigarettes ban- Health and Family Welfare Secretary

While addressing a press conference in Delhi, Secretary Health and Family Welfare, Preeti Sudan on e-cigarettes ban and its punishment proposed said, “The punishment proposed is imprisonment up to 1 year or a fine of up to Rs. 1 lakh, or both for the first offence and imprisonment of 3 years or a fine up to Rs. 5 lakhs or both, for subsequent offence.

Trade bodies, users term ordinance to ban e-cigarettes a draconian move

Trade bodies, users term ordinance to ban e-cigarettes a draconian move

Association of Vapers India (AVI), an organisation representing e-cigarette users, said it is a black day for 11 crore smokers in India who have been deprived of safer options.

Cabinet likely to consider ordinance to ban e-cigarettes

Cabinet likely to consider ordinance to ban e-cigarettes

The Prohibition of E-cigarettes Ordinance, 2019, was recently examined by a Group of Ministers (GoM) following directions from the Prime Minister's Office.

Load More...

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP