niftify.in

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.

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

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.

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.

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.