Benchmark indices Nifty and Sensex pared early morning losses to end the day higher on Friday, February 6 as the Indian rupee logged its best week in over 3 years. The Reserve Bank of India left its policy repo rates unchanged at 5.25%. The decision to keep interest rates on hold was also taken “unanimously.” […]
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said. Equity markets would be closed on Monday for Republic Day. Moreover, trading activity of foreign investors, rupee-dollar […]
India’s largest cigarette maker ITC Ltd. wiped out nearly $7 billion (~ ₹63,000 crore) in market capitalisation after the government’s cigarette “tax shock” stoked concerns on profitability. ITC is India’s largest cigarette maker, deriving more than 40% revenue from the product. (Reuters) ITC’s share price fell as much as 5.11% to ₹345.35—the lowest since February […]
Shares of India’s largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. ITC is India’s largest cigarette maker, drawing 40% revenue from the product category. (Reuters) From 1 February 2026, cigarettes will be charged an excise duty of ₹2,050-8,500 per 1,000 sticks, according to […]