The Times of India News

Tobacco tax fallout: LIC loses Rs 10,445 cr in two days; ITC shares slide 14% after duty hike

A significant hike in cigarette duties has sent shockwaves through the tobacco sector, causing ITC shares to plummet. India's largest insurer, LIC, has seen its investment value in ITC drop by over Rs 10,000 crore in just two days.