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Shares of tobacco companies fell on January 1 after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers in India. The selling pressure was
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Cigarette Prices To Go Up Again? ITC, Godfrey Phillips In Focus As 17% Price Hike Expected
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ITC, Godfrey Phillips, other cigarette stocks jump up to 13% amid reports of price hike
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Tobacco prices 📈 have risen 20% in the past seven months, while industry competition has intensified. Currently, cigarettes 🚬 are taxed at 28% under GST, plus additional cess and levies, bringing the
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ITC Ltd. has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income, according to on-ground study by analysts at B&K Securities and InCred. [
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If buying a pack of #cigarettes has suddenly started to feel noticeably heavier on the pocket, it is not just perception. A fresh round of excise duty changes that came into force
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