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03 April, 2020, 05:13 PM IST

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CIGARETTE MAKER

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.

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  • Smartphone companies are likely to slash their marketing expenditure by up to 70% as footfalls disappear in brick-and-mortar stores and orders slide on ecommerce sites due to the Covid-19 pandemic, market experts said.

    rom banning large gatherings at their offices and facilities to avoiding domestic and abroad travel, and encouraging work from home, steelmakers are taking several precautionary steps to protect its employees amid the outbreak of the novel coronavirus, the steel companies said.

    “Now we want distilleries that have their own bottling plants to add a new product line - sanitisers - to their line up of alcoholic beverages. This will put off pressure from hand sanitiser industry which is facing huge challenge to meet the demand,” said a senior food ministry official.

    The company had posted a net profit of Rs 81.84 crore in the same quarter last fiscal.

    The Department of Revenue and the handset industry, backed by the IT ministry, are at odds over the implementation of the much-touted Rs 41,000-crore production-linked incentive scheme to boost local manufacturing and exports.

    With the Supreme Court having given a 10- day breather to sell 10% of unsold BS4 inventory and BS6 emission vehicles set to come in from April 1, auto makers have no other choice but to increase their digital footprint.

    Industry bodies Manufacturers’ Association of Information Technology (MAIT) and India Cellular & Electronics Association (ICEA) have written to the government seeking concessions in the delivery of smartphones among other electronics devices and removal of restrictions on the movement of components for inland and export purposes.

    Shares of the company have fallen 18 per cent in the last three sessions.

    Appliances and consumer electronics makers are using social media platforms and other online tools to reach their customers, who are facing problems with products amid the lockdown.

    "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.

    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.

    Cadila has 32 per cent market share in API hydroxychloroquine in the US.

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