ITC slumps 4% as govt proposes ban on sale of loose cigarettes
Shares of tobacco companies -- ITC and Godfrey Philips India -- fell sharply by as much as 4 percent Wednesday after the government proposed to amend the anti-smoking law and proposed radical changes, including ban on sale of loose cigarettes.
Jan 14, 2015, 13:43 PM IST
Reynolds American to buy Lorillard for $27.4 bn
US tobacco giant Reynolds American will buy smaller rival Lorillard in a USD 27.4 billion cash-and-stock deal, the companies said Tuesday.
Jul 15, 2014, 18:57 PM IST
Union Budget 2014: IT rates unchanged; sops to small, marginal assessees in Bud
The Budget for 2014-15 Thursday left income tax rates unchanged but provided sops to small and marginal assesses by raising the threshold exemption limit from Rs 2 lakh to Rs 2.5 lakh and investments under 80C by Rs 50,000 to Rs 1.5 lakh while promising not to bring tax changes with retrospective effect.
Jul 10, 2014, 14:34 PM IST
