Tobacco Market

A "Sin Stock" is stock of a company that is associated with or is directly involved in, activities considered unethical or immoral. These could be gambling stocks such as Delta Corp or tobacco stocks like ITC.

Cigarette makers have shifted from regular plastic wrapping to environment-friendly biodegradable wrapping for cigarette packs, well ahead of the single-use plastic ban, industry body Tobacco Institute of India said on Friday.

The health and future of every child and adolescent worldwide is under immediate threat from ecological degradation, climate change and exploitative marketing practices that push fast food, sugary drinks, alcohol and tobacco at children, said a new report on Wednesday.

Rajya Sabha on Thursday took up a bill seeking a ban on electronic cigarettes, with Union Health Minister Harsh Vardhan highlighting the urgency to bring an ordinance earlier saying some big tobacco firms had announced plans to enter India with a different name and would have taken the market by storm.

Young girls, in particular, form the biggest market for the narcotic, called Spice or K2 or synthetic weed. Peddlers sell it to them with the promise that it will not be detected in drug tests, allowing users to remain above suspicion.

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.

Shares of Godfrey Phillips India went up by 2.62 per cent to Rs 1,188 and those of VST Industries rose by 1.60 per cent to Rs 3,334.45.

ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.

Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.

Exports of as many as eight key agriculture products including tea, tobacco and cashew have registered negative growth in July mainly due to a decline in prices in the global commodity market.

ITC shares jumped 7 per cent near their 52-week high on Monday, tracking the tobacco major's March quarter earnings.

On May 5, ITC had said it has shut down its production till the time it is able to comply with "interim requirements" of 85 per cent pictorial warnings.

Tobacco shares fell sharply on Tuesday amid reports that the government may completely ban foreign direct investment (FDI) in the sector. Godfrey Philips India shares sank 17 per cent in morning trade, while index-heavyweight ITC traded 1 per cent lower.

FMCG major ITC on Wednesday said it has adequate cigarette stocks available in the market despite shutting all its manufacturing in the wake of the government rule that requires larger pictorial warnings on packets.

Shares of cigarette maker, ITC rallied as much as 8.11 per cent to hit intraday high of Rs 319.80 on the back of lowest excise duty hike on tobacco products in five years.

A "Sin Stock" is stock of a company that is associated with or is directly involved in, activities considered unethical or immoral. These could be gambling stocks such as Delta Corp or tobacco stocks like ITC.

Cigarette makers have shifted from regular plastic wrapping to environment-friendly biodegradable wrapping for cigarette packs, well ahead of the single-use plastic ban, industry body Tobacco Institute of India said on Friday.

The health and future of every child and adolescent worldwide is under immediate threat from ecological degradation, climate change and exploitative marketing practices that push fast food, sugary drinks, alcohol and tobacco at children, said a new report on Wednesday.

Rajya Sabha on Thursday took up a bill seeking a ban on electronic cigarettes, with Union Health Minister Harsh Vardhan highlighting the urgency to bring an ordinance earlier saying some big tobacco firms had announced plans to enter India with a different name and would have taken the market by storm.

Young girls, in particular, form the biggest market for the narcotic, called Spice or K2 or synthetic weed. Peddlers sell it to them with the promise that it will not be detected in drug tests, allowing users to remain above suspicion.

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.

Shares of Godfrey Phillips India went up by 2.62 per cent to Rs 1,188 and those of VST Industries rose by 1.60 per cent to Rs 3,334.45.

ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.

Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.

Exports of as many as eight key agriculture products including tea, tobacco and cashew have registered negative growth in July mainly due to a decline in prices in the global commodity market.

ITC shares jumped 7 per cent near their 52-week high on Monday, tracking the tobacco major's March quarter earnings.

On May 5, ITC had said it has shut down its production till the time it is able to comply with "interim requirements" of 85 per cent pictorial warnings.

Tobacco shares fell sharply on Tuesday amid reports that the government may completely ban foreign direct investment (FDI) in the sector. Godfrey Philips India shares sank 17 per cent in morning trade, while index-heavyweight ITC traded 1 per cent lower.

FMCG major ITC on Wednesday said it has adequate cigarette stocks available in the market despite shutting all its manufacturing in the wake of the government rule that requires larger pictorial warnings on packets.

Shares of cigarette maker, ITC rallied as much as 8.11 per cent to hit intraday high of Rs 319.80 on the back of lowest excise duty hike on tobacco products in five years.