Cigarettes

Breathing or smoking? Delhi's air now equals 49 cigarettes per day

The national capital grapples with a serious pollution crisis as Air Quality Index soars to 978, equivalent to smoking 49 cigarettes a day

TN CM Stalin welcomes ban on import of pocket cigarette lighters' parts

On October 13, the Department of Commerce implemented certain restrictions on importing parts for pocket lighters

Increase taxes anymore and we leave: British American Tobacco to Pak govt

Multinational company warns country's leadership against increasing taxes on tobacco

BAT sells 3.5% stake in ITC for Rs 17,485 cr via open market transactions

British multinational BAT Plc on Wednesday divested a 3.5 per cent stake in FMCG-to-hotel conglomerate ITC Ltd for Rs 17,485 crore through open market transactions. British American Tobacco Plc (BAT), through its affiliate Tobacco Manufacturers (India) Ltd, offloaded more than 43.68 crore equity shares of ITC, amounting to 3.5 per cent stake, according to the block deal data available with the BSE. The shares were sold in 48 tranches, with an average price of Rs 400.25 apiece, taking the transaction value to Rs 17,484.97 crore.

Long use of e-cigarettes may lead to drug addiction, say health experts

Expressing concern over rising use of e-cigarettes among youths, health experts on Wednesday warned that practising such vaping methods may lead to addiction to drugs like cocaine and nicotine. 'Mothers Against Vaping' (MAV), a platform of concerned mothers combatting vaping among youths, cited several studies and said these devices harbour around 900-2,000 chemicals and can penetrate deep into the lungs, causing extensive and detrimental respiratory damage. "There exists a looming threat of an entire generation becoming addicted to these new-age tobacco devices, posing a significant risk to their health and well-being," Gauhati Medical College and Hospital Superintendent Dr Abhijit Sarma told PTI. It is imperative to take urgent comprehensive action to prevent the emergence of a new generation of e-cigarette smokers, he added. "Alongside this concerning trend, another issue is that these devices become gateway devices to more serious addictions like using cocaine and nicotine," Dr

Plastic pollution from cigarettes likely costs $26 bn per year: Study

The costs of environmental pollution caused by plastics in cigarette butts and packaging amount to an estimated USD 26 billion every year, according to a study. The analysis, published in the journal Tobacco Control, found the costs to be USD 186 billion every 10 yearsadjusted for inflationin waste management and marine ecosystem damage worldwide. These costs may seem small compared with the overall economic and human toll of tobacco, but they are cumulative and preventable, the researchers said. Although great strides have been made in developing policies to curb or ban single use plastics around the globe, tobacco's plastic has been overlooked, they said. The team noted that this is despite the fact that cigarette filtersthe main component of cigarette buttsare the most common item of rubbish collected on the planet. And they are made of single use plastic. The researchers drew on currently available public data sources for cigarette sales, clean-up costs, and plastic waste on l

ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data

UK PM Sunak proposes raising legal age to buy cigarettes in England

UK Prime Minister Rishi Sunak on Wednesday proposed raising the legal age that people in England can buy cigarettes by one year, every year until it is eventually illegal for the whole population and smoking will hopefully be phased out among young people. Setting out his plan at the annual Conservative Party conference, Sunak said he wanted to stop teenagers taking up cigarettes in the first place." It is currently illegal for anyone to sell cigarettes or tobacco products to people under 18 years old throughout the UK. Sunak's office said the incremental changes would stop children who turn 14 this year and those younger than that now from ever legally being sold cigarettes in England. If Parliament approves the proposal, the legal change would only apply in England not in Northern Ireland, Scotland and Wales. People take up cigarettes when they're young. Four in five smokers have started by the time they're 20," he said. Later, the vast majority try to quit ... if we could bre

ITC Q1FY24 results: Net profit rises 16% to Rs 5,180 cr, revenue down 6%

The company also announced acquisition of 45.36% stake in International Travel House Limited and 25% stake in Maharaja Heritage Resorts Limited

ITC AGM, Q1FY24 nos: When will the stock breakout from consolidation mode?

ITC shares have corrected 10 per cent from their record high level of Rs 499.6, hit on July 24, 2023, as investors booked profit post the hotel business' demerger announcement

Centre prohibits import of cigarette lighters priced less than Rs 20

The government on Thursday prohibited imports of cigarette lighters if the price per unit is less than Rs 20, with a view to discourage inbound shipments of the product. "The import policy of cigarette lighters...is revised from 'free' to 'prohibited'. However, import shall be free if CIF value is Rs 20 or above per lighter," the directorate general of foreign trade (DGFT) said in a notification. CIF value (cost, insurance, and freight) is a trade term used in international commerce to determine the total value of goods being imported. The prohibition has been imposed on pocket lighters, gas fuelled, non-refillable or refillable. Imports of pocket lighters, gas fuelled, non-refillable stood at USD 0.66 million in 2022-23. It was USD 0.13 million in April this fiscal. Similarly, the inbound shipments of pocket lighters, gas fuelled, and refillable, stood at USD 8.87 million in 2022-23 against USD 7 million in 2021-22. It was USD 0.96 million in April of this fiscal. These are impo

ITC's FMCG revenue up 20% in FY23 as it aims to de-risk from tobacco biz

ITC's revenue growth is impressive as compared to 9 per cent in FY22 and 11 per cent in FY21

World No Tobacco Day: More minors getting addicted to tobacco, shows study

The survey revealed that 38 per cent of cigarettes, 47 per cent of bidi and 52 per cent of smokeless tobacco users have picked up the habit before their 10th birthday

ITC m-cap hits Rs 5-trn for the first time; stock surges 21% so far in CY23

ITC is expected to maintain its volume growth momentum in the cigarette business, given no price hikes in the near term and government curbing illicit cigarette sales

ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results

Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases

Budget 2023: TV, mobile to be cheaper; gold, imported cars to be dearer

Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes. Fully imported cars, including electric vehicles, and those assembled in India with imported parts will also become costlier with the finance minister increasing customs duty. Following is a list of imported items that will become costlier: *Cigarettes *Kitchen chimney *Imported bicycles and toys *Fully imported cars and Electric Vehicles *Imitation jewellery *Compounded rubber * Silver dores *Naphtha However, certain goods will become cheaper as the government has slashed the customs duty and these are: * Domestically-manufactured TV sets * Shrimp feed * Fish lipid oil used in manufacturing aquatic feed * Seeds for lab-grown diamonds * Capital good *Machinery for manufacturing lithium ion cell to be used in electri

Zippo targets 50% sales growth in 2023, expects strong double-digit growth

Iconic windproof lighter maker Zippo Manufacturing Company is targeting nearly 50 per cent growth in sales in India for 2023 and expects to continue strong double-digit growth over the next five years, said a company official. The company gets around 60-70 per cent of sales from e-commerce channels in India and is also expanding its presence in offline channels, where it expects faster growth in 2023, said Zippo Global Marketing Associate Vice President Lucas Johnson. The company has done successful tests with very big retail partners such as Reliance and has plans to roll out lighters at more retail stores as it senses a "huge opportunity" there, he added. The company, as per its retail strategy prioritises online sales with its own channel besides several key e-commerce channel partners such as TATA Cliq Luxury, Amazon and Flipkart. It is also present in high-end gift shops or places like Cafe Coffee Day, Beer Cafe etc. Based on our success in the Indian market this year, consume

In a first, New Zealand imposes lifetime ban on youth buying cigarettes

New Zealand on Tuesday passed into law a unique plan to phase out tobacco smoking by imposing a lifetime ban on young people buying cigarettes. The law states that tobacco can't ever be sold to anybody born on or after Jan 1, 2009. It means the minimum age for buying cigarettes will keep going up and up. In theory, somebody trying to buy a pack of cigarettes 50 years from now would need ID to show they were at least 63 years old. But health authorities hope smoking will fade away well before then. They have a stated goal of making New Zealand smoke-free by 2025. The new law also reduces the number of retailers allowed to sell tobacco from about 6,000 to 600 and decreases the amount of nicotine allowed in tobacco that is smoked. There is no good reason to allow a product to be sold that kills half the people that use it, Associate Minister of Health Dr Ayesha Verrall told lawmakers in Parliament. And I can tell you that we will end this in the future, as we pass this legislation.

Rise in cigarette taxes, first EU-wide vaping levy on the cards

The changes to legislation, part of a push by Brussels to cut smoking rates, will increase the EU's minimum excise duty on cigarettes from 1.80 euros to 3.60 euros per pack of 20

Marijuana, vaping may be as harmful to heart as cigarettes, says study

E-cigarettes and marijuana may have harmful effects on the heart similar to those caused by tobacco cigarettes, opening the door to abnormal heart rhythms, according to a study conducted in mice. E-cigarettes and heated tobacco products have become popular because the public perceives them as being less harmful than smoking, the researchers said. Similarly, legal recreational marijuana has become more common in recent years, and is also frequently viewed by the public as being safer than smoking tobacco, they said. "We found that cigarettes, e-cigarettes, and marijuana greatly interfere with the electrical activity, structure, and neural regulation of the heart," said study lead author Huiliang Qiu, a postdoctoral scholar at the University of California, San Francisco (UCSF) in the US. "Often, any single change can lead to arrhythmia disease. Unfortunately, these adverse effects on the heart are quite comprehensive," Qiu said. The study, published in the journal Heart Rhythm, expo