ITC Shares Slide 10% as Government Notifies New Excise Duty on Cigarettes; Prices Set to Rise from February 1
Shares of tobacco companies fell sharply on January 1 after the government notified a new excise duty structure on cigarettes and tobacco products, marking a significant overhaul of the sector’s tax framework. ITC shares declined nearly 10%, touching levels close to a three-year low and recording their steepest single-day fall in almost four years. The […]









