|Day's Range||287.15 - 294.75|
|52 Week Range||222.00 - 354.80|
|PE Ratio (TTM)||34.50|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state's chief tobacco control officer S. K. Arora, comes days after Reuters reported that Philip Morris was promoting Marlboro cigarettes, the world's best-selling brand, by advertising them at tobacco shops and distributing free cigarette samples.
India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday. Philip Morris advertises Marlboro cigarettes, the world’s best-selling brand, at tobacco shops in India and distributes free smokes at nightclubs and bars frequented by young people to promote the brand, Reuters reported earlier this week. Indian government officials previously have said these marketing activities violate the country's Cigarettes and Other Tobacco Products Act and its accompanying rules, but companies get away with it because enforcement is weak.
Emerging stocks flirted with 27-month highs on Tuesday while currencies firmed a touch as the dollar traded at 10-month lows after the collapse of a key U.S. healthcare bill raised doubts about President ...