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The Hindu News

Business / The Hindu

Tobacco stocks continue to slide; ITC shares drop over 5%

The Finance Ministry has notified amendments to the Central Excise Act imposing an excise duty of 2,050-8,500 per 1,000 sticks based on cigarette length, effective February 1

2 Jan 2026 11:49 am
Manufacturing PMI at 2-year low in December 2025 on easing new orders, output and employment

The data showed that new export orders rose the least in 14 months in December 2025

2 Jan 2026 11:28 am
Stock markets rally in early trade, Sensex up 158 points to 85,346.79

In Asian markets, South Korea's Kospi index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were trading higher

2 Jan 2026 10:10 am
Rupee rises 6 paise to 89.92 against U.S. dollar in early trade

Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India

2 Jan 2026 10:02 am
China AI chipmaker Biren soars over 100% on Hong Kong debut as IPO wave builds

Hong Kongs IPO pipeline includes AI startups and chipmakers, with Zhipu AI and Iluvatar CoreX to debut next on January 8

2 Jan 2026 9:19 am
Samsung Electronics says customers praised competitiveness of HBM4 chip

Shares of Samsung Electronics rose as much as 3.8% in morning trade, outpacing the benchmark KOSPIs 1.1% rise

2 Jan 2026 9:02 am
Oppose land distribution to workers, lose incentives: Assam CM to tea planters

The State government brought legislation to guarantee land protection for 3.33 lakh tea plantation worker families across 825 estates

2 Jan 2026 2:02 am
Paying Musk, irrational exuberance and inequality

Rising wealth inequality has also led to a weakening of democracy

2 Jan 2026 12:08 am
NMDCs iron ore output rose 15% in December 2025, sales 19%

For the nine months ended December, iron ore production stood at 36.89 MT, which is 20% higher compared to 30.77 MT in the corresponding period of previous fiscal

1 Jan 2026 7:59 pm
Aurobindo Pharma arm acquires non-oncology portfolio of Khandelwal Labs

The business generated a turnover of 113.5 crore in 2024-25 with an EBITDA of 28.9 crore. It has around 470 people strong field force and more than 1,600 stockists and other distribution related infrastructure.

1 Jan 2026 7:54 pm
Vodafone Idea gets 638 crore GST penalty order; to take legal action against it

The filing comes a day after Vodafone Idea received a major relief on its AGR dues, with the Union Cabinet deciding to freeze its dues along with a 5-year payment moratorium

1 Jan 2026 6:05 pm
Auto sales traction continues in December with surging demand

Indias passenger vehicles market leader, Maruti Suzuki India Ltd, reported 22%YoY growth in total vehicle sales, including exports at 217,854 units.

1 Jan 2026 5:34 pm
GST revenue grows at 3-month high rate of 6.1% to 1.74 lakh crore in December 2025

A surge in refunds, however, meant that net revenue fell to a 12-month low of 1.46 lakh crore.

1 Jan 2026 5:00 pm
Rupee falls 10 paise to close at 89.98 against U.S. dollar

Forex traders said the USD/INR pair traded in a tight range, as support from easing crude oil prices was offset by a positive tone in the U.S. dollar index and foreign fund outflows

1 Jan 2026 4:30 pm
ATF price cut by steep 7%, commercial LPG rate up 111 per cylinder

In Mumbai, ATF price was revised 86,352.19 per kl, while prices in Chennai and Kolkata were cut to 95,770 and 95,378.02 per kl, respectively

1 Jan 2026 1:42 pm
Govt. notifies February 1 as the end of GST compensation cess, start of new tobacco tax regime

In a series of notifications on New Years Day, the Finance Ministry announced the end of GST compensation cess, the increase in the excise duty on tobacco products, and the new GST rates on these items as well

1 Jan 2026 1:11 pm
Tobacco stocks tank in early trade; Godfrey Phillips down 10%

From February 1, pan masala, cigarettes, tobacco and similar products will attract a GST rate of 40%, while beedi' will attract 18% Goods and Services Tax (GST), according to a government notification

1 Jan 2026 12:46 pm
DGCA seeks explanation from AI for operating Dreamliner despite snags

Non-compliance with the Minimum Equipment List (MEL) for the flight operated on June 28 this year has also been mentioned in the notice

1 Jan 2026 11:55 am
Record highs and volatile swings: Gold in 2025

The precious metal soared more than 50% over the year, surpassing the $4,000 per ounce milestone for the first time in October amid geopolitical tensions

1 Jan 2026 11:39 am
Zohran Mamdani sworn in as New York City mayor at historic subway station

Zohran Mamdani will be sworn in again, in grander style, in a public ceremony at City Hall at 1 p.m. by U.S. Sen. Bernie Sanders, one of the mayors political heroes

1 Jan 2026 11:01 am
Tarun Garg takes charge as MD & CEO ofHyundai Motor India; first Indian in 29 years

Mr. Garg, with over three decades of automotive experience, brings in the right expertise to lead HMILs second phase of growth inIndia, the company said

1 Jan 2026 10:50 am
Rupee starts 2026 on negative note; falls 11 paise to 89.99/USD in early trade

On the last trading session of 2025, the rupee settled at 89.88 against the U.S. dollar

1 Jan 2026 10:15 am
Additional excise duty on tobacco, health cess on pan masala to be effective Feb 1

From February 1, pan masala, cigarettes, tobacco and similar products will attract a GST rate of 40%, while biris will attract 18% Goods and Services Tax (GST), according to a government notification

1 Jan 2026 5:42 am
Fino Payments Bank on track to turn Small Finance Bank: MD

The bank is planning to invest about 100 crore- to 150 crore over the next 3 to 4 years to build the tech stack that would be required for lending operations

1 Jan 2026 3:42 am
Telcos accuse Adani-run Navi Mumbai airport of blocking mobile infra, allege monopoly arrangements

The airport operator has deployed an in-building network and has sought from telcos extortionary charges that undermine competition and consumer choice

31 Dec 2025 9:40 pm
Star ratings mandatory for refrigerator, TV, LPG stove, cooling tower, chillers from Jan 1

Star labelling was earlier made mandatory on room air conditioners, electric ceiling-type fans, stationary storage type electric water heater, washing machine, and tubular fluorescent lamps and self-ballasted LED lamps

31 Dec 2025 9:24 pm
2025-The year when foreign investors flew from Indian stocks

The sustainability of the AI driven rally, the potential profitability improvement among Indian corporates are factors that will decide the quantum and speed of the return of foreign investor interest in India.

31 Dec 2025 7:30 pm
ED issues attachment order for 150 crore London property

The property near Buckingham Palace is under the beneficial ownership of Nitin Kasliwal and his family members; the former CMD of S. Kumars Nationwide Limited is accused of cheating a consortium of Indian banks

31 Dec 2025 6:32 pm
Centres fiscal deficit 62% of full years target by end-November, higher than last year

While capital expenditure grew strongly in the April-November 2025 period, tax revenue saw more muted growth.

31 Dec 2025 6:13 pm
Financial system faces near-term risks from external uncertainties: Report

A sharp correction in U.S. equities couldinfluence domestic equities and tighten financialconditions;Financial markets remain susceptible toglobal spillovers

31 Dec 2025 6:06 pm
Stock markets surge nearly 1% on last trading session of 2025; Nifty jumps 10.50% annually

After five days of decline, 30-share BSE Sensex jumped 545.52 points, or 0.64%, to settle at 85,220.60. During the day, it surged 762.09 points, or 0.90%, to 85,437.17

31 Dec 2025 4:50 pm
Indian economy to record high growth despite volatile external environment: RBI Governor

Maintaining financial stability and strengthening the financial system remains our north star, RBI Governor Sanjay Malhotra said in his foreword in the latest edition of the RBI Financial Stability Report

31 Dec 2025 4:18 pm
Guidelines for market access component of Export Promotion Mission notified

This is the first of 11 components of the Export Promotion Mission for which guidelines have been notified. The rest are expected to be notified by January 31, 2026

31 Dec 2025 3:54 pm
Centre freezes Vodafone Ideas AGR dues for five years

The Union government has a 49% equity stake in VIL. The freezing of the dues will ensure competition in the sector and protect the interest of 20 crore VIL consumers, an official said.

31 Dec 2025 3:08 pm
Zomato, Swiggy offer increased payout to gig workers amid strike call by unions on New Year's Eve

Zomato has offered delivery partners payouts of 120 to 150 per order during peak hours between 6 p.m. and 12 a.m. on New Year's Eve.

31 Dec 2025 1:32 pm
Relations stable, strong: Envoys of Quad countries hold rare publicised meeting in Beijing

China, over the years, has been a strong critic of the Quad and has not yet reacted to the meeting

31 Dec 2025 12:13 pm
India imposes three-year tariff on some steel products after sudden, sharp increase in imports

China, Vietnam, and Nepal will be subject to the levy; known as a safeguard duty, it be imposed at 12% in the first year followed by 11.5% in the second year and then 11% in the third year

31 Dec 2025 10:34 am
Rupee falls 15 paise to 89.90 against U.S. dollar in early trade

On the domestic equity market front, the Sensex opened 188.31 points higher at 84,863.39, while the Nifty rose 80.70 points to 26,009.55

31 Dec 2025 10:24 am
SoftBank has completed its $40 billion investment in OpenAI: Report

SoftBank has been building one of the largest private technology investment programmes in the world under founder and CEO Masayoshi Son

31 Dec 2025 9:47 am
Gig workers, delivery partners to take part in nationwide strike on December 31 over working conditions

Gig workers with platforms such as Swiggy, Zepto, Blinkit, Zomato, Amazon, and Flipkart are planning to take part in a nationwide strike on December 31

31 Dec 2025 9:22 am
India is now fourth largest economy, says govt.

The government says that with the GDP valued at $4.18 trillion, India has surpassed Japan to become the worlds fourth largest economy, it says that the country is poised to displace Germany from the third rank with a projected GDP of $7.3 trillion by 2030

31 Dec 2025 12:24 am
The India-New Zealand FTA unlocking growth

The free trade agreement reflects confidence in India as a resilient player in international trade and also a reliable economic partner

31 Dec 2025 12:08 am
Hyundai Motor India enters commercial mobility segment with 'Prime Taxi' range

Fleet operators and taxi drivers look for vehicles that deliver maximum uptime, predictable maintenance, and low operating costs, and Hyundai Prime range has been developed precisely with these priorities in mind, says HMIL Managing Director and CEO

30 Dec 2025 10:55 pm
Sensex, Nifty close marginally lower amid thin year-end trading, foreign fund outflows weigh

From the 30-Sensex firms, Eternal, Infosys, Asian Paints, UltraTech Cement, Bajaj Finance, HCL Tech and Titan were among the biggest laggards

30 Dec 2025 4:09 pm
PM Modi voices deep concern over targeting of Putin's residence

The Prime Minister said the ongoing diplomatic efforts offer the most viable path toward ending hostilities and achieving peace

30 Dec 2025 4:00 pm