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It takes two to tango Shriram Life clocks more than Rs.1000 crore premium in 2015-16 AL introduces Guru & Partner Chinese smart phones flourish in small towns too! L&T profit up by 11 per cent E.I.D Parry (India) Ltd: another sweet year Toyota and Suzuki to introduce EVs in India by 2020 Are they really independent? HPCL plans Rs.61,000 crore capex over 5-years TI Cycles plans retail expansion to drive sales for premium bicycles The unexpected exit Tata Motors joins compact SUV bandwagon with Nexon Tata Motors aims to be among the Top 3 global CV & PV firm Wabco launches safety system Emami – a new growth mantra Is this a generation gap? Land wars 29 per cent jump in TCS revenues Nissan exit shouldn’t affect ALL Hindalco – re-rating Last stages When small is not so beautiful… A welcome initiative-even critics are recognised M & M unveils driverless technology for tractors AL wins Deming prize again Daimler’s truck exports from Chennai cross 5000 units From the toughest to the best year Singur minus Nano – victory or folly? Yamaha unveils scooter boutique TVS Srichakra plans capacity expansion L&T bags the Mumbai Trans-harbour link order Solar installations exceed 2015 capacity in five months Back in growth mode CAPITAL NOTES Rane targets Rs.5500 crore topline by 2018-19 LVB posts 31 per cent growth in Q1 net profit TN government keen on revival of operations at Nokia complex Dish TV – subscriber additions encouraging Tata Motors bets on new launches Sivasankaran enters taxi space to take on Uber and Ola Preparing for the next growth curve Aurobindo Pharmacy: good turnaround AL secures orders for 3600 buses Kone India eyes further growth in elevator market Titan Company – sales recovery to kick in Gamesa to set up a plant in Nellore Tata Motors charts investments in PV and CV businesses Maruti – for young buyers L & T set bigger ambitions in defence business Smooth sailing of SAIL A niche in FMCG business... Mercedes-Benz sales continue to zoom Welcome focus to improve rural India... ITC chairman calls for policy impetus to transform agriculture V-Guard launches app-enabled water heater system Daimler grows sales and share in India Consolidating leadership position in smartphones New India Assurance posts impressive show TVS Automobile invests Rs.75 crore in start-up firms Hyundai to focus on SUVs and AMT variants RoC in the dock... Record two-wheeler sales Hyundai India achieves 7 mn production at Chennai factory Tata Steel, ThyssenKrupp sign MoU to merge European units Forging industry worried over lower supply of steel and its price Ponni Sugars (Erode) Ltd: not so sweet 2012-13 IOB on turnaround path PPP model for infrastructure development He excels in the nuts and bolts of entrepreneurship Vellayan is back, after 150 days Bajaj Finserv – Q1: fare well Sundram Fasteners rejigs international Right to privacy – now it’s fundamental! Housing demand revival Ode to Ratan Tata ITC – steep excise hike Tata gets 4-star rating for Zest Smartphone onslaught by Chinese brands Eyes strong growth in 2016-17 The gainers and the losers L & T’s floating dock for navy PSU non-life firms seek to protect share Michelin to double Chennai capacity Increasing market share Carnival Films acquiring 3000 screens pan India
 
ITC – steep excise hike

Excise duty on cigarettes has been increased by 11 per cent to 72 per cent in the budget, with ITC’s weighted average excise increasing by 21 per cent for FY15. This is the third consecutive year of steep increase in excise duty (FY14: 18 per cent, FY13: 22 per cent) but lower than what the Health Ministry had proposed last month (40 per cent increase).

 


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