Business
Largest Indian Cigarette Maker ITC Plunges on Higher Tobacco Tax
SOURCE:Bloomberg|BY:Satviki Sanjay, Alex Gabriel Simon
Shares of ITC Ltd., India’s largest cigarette maker, plunged the most in nearly six years after the country announced higher taxation on tobacco products.
Shares of ITC Ltd., a top cigarette maker in India, plunged the most in nearly six years after India announced higher taxation on tobacco products.