Largest Indian Cigarette Maker ITC Plunges on Higher Tobacco Tax
Published on: Wednesday 31 December 2025
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on India’s largest cigarette maker.
News source: https://www.bloomberg.com/news/articles/2026-01-01/indian-cigarette-maker-itc-slumps-after-india-raises-tobacco-tax
