|Bid||0.00 x 0|
|Ask||255.80 x 0|
|Day's Range||255.20 - 259.50|
|52 Week Range||222.00 - 354.80|
|PE Ratio (TTM)||30.27|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||318.22|
REUTERS - Indian shares ended lower on Wednesday as falling global commodity prices pushed metal shares such as Vedanta Ltd down, while consumer stocks such as ITC Ltd also weighed on the indexes. The ...
The Indian government has threatened Philip Morris International Inc with "punitive action" over the tobacco giant's alleged violation of the country's anti-smoking laws, according to a letter sent to the company by the federal health ministry. The letter was prompted by a Reuters investigation last month that revealed how Philip Morris was deploying marketing tactics in India, some targeting young people, that officials said were illegal. The letter cites the Reuters story in the opening paragraph, listing Philip Morris' marketing methods as outlined in the article, including cigarette advertisements at kiosks, the free distribution of Marlboro smokes at nightclubs and bars, and the use of TV screens to promote the world's best-selling cigarette brand at these events.
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 ...
ITC Ltd., Asia’s second-largest cigarette maker by value, plunged the most in 25 years after India surprised investors by raising levies on tobacco products.
India’s stock benchmark posted its biggest advance in more than a month as consumer companies rallied after a nationwide tax overhaul came into effect.
Indian shares advanced, pushing the benchmark to a record high for a third successive session, as consumer goods companies gained.
Do you know what the 10 best selling cigarette brands in India are? India’s tobacco market is estimated at around $11 billion, and the country is poised to become one of the biggest tobacco markets over the next few decades. The country has become a huge market for cigarettes, accounting for more than 12% of the world’s smoking population. […]
Several food and drink multinationals and trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter labelling rules on fatty or sugary foods, sources familiar with the talks said. According to officials, Prime Minister Narendra Modi's administration has begun to look closely at policy proposals under discussion since at least 2015, raising concerns over the possible impact on the $57 billion sector.
India sold a stake in ITC Ltd., Asia’s second-biggest listed tobacco company, to government-owned Life Insurance Corp. of India for about 66.9 billion rupees ($993 million) as it seeks to meet the year’s ...