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