Tobacco Industry News
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The Economic Times
Madras HC upholds prosecution of Jaiswal Products over seized tobacco in Tamil Nadu
The Madras High Court has refused to dismiss criminal charges against Jaiswal Products, whose tobacco products were seized in Tamil Nadu. The court stated that the manufacturer is liable for prosecution as their chewable tobacco qualifies as a food product under the Food Safety and Standards Act, requiring compliance with state regulations.
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Thu, Sep 19, 2024
Mint
Seeking value in ITC and Godfrey Phillips? Tobacco stocks gain momentum in FMCG play
Despite lacklustre growth outlook, tobacco companies have become attractive investments. With nearly 60% return in the last six months, firms like ITC and Godfrey Phillips are capitalizing on the premiumisation trend
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Wed, Sep 11, 2024
The Economic Times
BCCI faces directive to stop showing tobacco ads during cricket matches
The Union Health Ministry is set to direct the BCCI to halt hoardings advertising smokeless tobacco at cricket venues, aiming to reduce youth exposure to tobacco products. Concerns have risen over surrogate advertisements featuring tobacco brands during matches, indirectly targeting young spectators. These ads, often endorsed by celebrities, skirt regulations by posing as ads for pan masala or mouth fresheners. The initiative aligns with existing laws prohibiting tobacco promotion in media and aims to curb tobacco-related health risks among India's youth, reflecting broader efforts to enforce stricter advertising regulations.
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Mon, Jul 15, 2024
The Economic Times
ITC to double raw tobacco exports to BAT by 2025-26
ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore by 2025-26. This move follows a decline in exports last fiscal. The proposal requires shareholder approval due to its scale and related-party nature under SEBI regulations.
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Mon, Jul 1, 2024
The Economic Times
This common thread in Vedanta, BAT, Whirlpool is helping a leaner Anil Agarwal look stronger
Vedanta joins a list of debt-laden companies such as British American Tobacco and Whirlpool, which sold a part of their equity in India to repay debts of the parent companies.