2026-01-01 10:52:20| BBC News | Business | World Edition

The move is designed to ensure people pay all relevant tax on buying and selling crypto.

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Rs 50,000 crore wiped out as ITC shares crack 10%, worst day in 6 years. Should investors buy the fear?

2026-01-01 10:04:02| The Economic Times

ITC shares fell sharply on Thursday, erasing over Rs 50,000 crore in market value after a steep new cigarette tax spooked investors. The excise hikeon top of GSTmay force price increases of 15% or more, raising risks of volume loss and a shift toward illicit trade, analysts warned.

Category: News and Media

What cigarette tax hike means for 37 lakh ITC shareholders? Jefferies explains

2026-01-01 09:33:56| The Economic Times

Jefferies warned that the sharp hike in cigarette excise duty is clearly negative for ITC in the near term, likely hurting volumes and earnings. The brokerage called the move a major negative surprise for the legal cigarette industry, estimating over a 20% rise in effective tax incidence, and said it increases policy uncertainty despite its continued positive stance on ITC.

Category: News and Media

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