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About 71 results for "fmcg tax"

FCMG companies make a beeline for Assam following tax sops
Business Standard

FCMG companies make a beeline for Assam following tax sops

Assam is fast becoming the favourite destination of investment for the fast moving consumer goods (FMCG) segment after the union government rolled out various tax incentives for companies setting up units in the north-east with Assam topping it up with other ... Business Standard, 18 hours ago

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FMCG firms slash prices post GST reduction

The companies said they will extend the price reduction to other categories, which have also seen tax rate cuts. The development comes a day after the government asked the firms to pass on lower GST rates to consumers.
 Money Control3 days ago Dabur India cuts prices by 9% to pass on GST benefits  Sify3 days ago FMCG firms slash prices after govt fiat  The Financial Chronicle3 days ago Revised GST rates: Daily-use products, eating out become cheaper  Business Standard1 week ago

Don’t expect any more rate cuts by the RBI going ahead; see some pickup in inflation: Ambit Capital

The fall in GST tax rate has come at the right time and a shot in the arm for FMCG companies. We should see a pickup in volume growth at the end of FY18-19. But, profitability could take a knock or remain at current levels, Pramod Gubbi, Head of Equity at ...
 Money Control1 week ago
Money Control

100 days of GST: FMCG cos give thumbs up, say demand picking up

Companies revised prices of their products after implementation of GST to extend tax benefits to consumers
 Business Standard1 month ago GST 100 days: FMCG cos give thumbs up, say demand picking up  Money Control1 month ago Almost 100,000 temp jobs up for grabs this festive season  Money Control2 months ago

Tax hike on cigarettes has led to other forms of tobacco consumption: ITC

ITC has said tobacco regulation should not be discriminatory to the cigarette industry, while asserting that the FMCG major has no plans to exit the segment despite its ongoing diversification. The Kolkata-based firm said taxes on cigarettes have "increased ...
 Business Standard2 months ago Tobacco rules must not discriminate against cigarettes, says ITC  The Financial Chronicle2 months ago

Restaurants may now be forced to cut prices

Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains. With most restaurants increasing prices despite a cut in Goods and Services Tax (GST), the government’s calculation reveals that prices would come down despite discontinuation of input tax credit benefit.   Quashing the argument of restaurants in favour of a price hike, calculation by the government shows ...
 Rediff.com21 hours ago

ITC Q2 net up 6% at Rs 2,640 cr, cigarettes hit by high tax

The cigarettes segment had a revenue of Rs 4,554.21 crore during the second quarter of the current fiscal, as against Rs 8,528.47 crore in the year-ago period, down 46.56 per cent. Diversified group ITC Ltd on Friday reported 5.59 per cent increase in standalone net profit to Rs 2,639.84 crore for the September quarter of the current fiscal with its cigarettes segment hit hard by higher taxes. It had posted net profit of Rs 2,500.03 crore during the July-September quarter of the last fiscal, ...
 Rediff.com4 weeks ago Colgate-Palmolive Q2 net profit down 2 pc to Rs 177 cr  Business Standard1 month ago ITC Q2 net profit up 6% at Rs 2,640 crore, cigarettes segment hit by higher taxes  DNA4 weeks ago

Banks were the biggest beneficiaries of note ban

A year after demonetization and four months after the rollout of the goods and services tax (GST), the economy is still coming into terms with the changes. While the impact of the storm is still being debated, brokerage houses estimate that close to Rs 2-3 ...
 DNA2 weeks ago

HUL to shell out Rs 2,000 cr for dividend payment in FY18

FMCG major Hindustan Unilever Ltd (HUL) will loosen its purse strings by Rs 2,084 crore for paying dividend to shareholders as well as the dividend distribution tax in the current fiscal.The board of the consumer goods maker has declared an interim dividend ...
 Business Standard3 weeks ago

Nifty extends gains, up 71 pts

NSE benchmark Nifty extended gains for the third consecutive session today following sustained buying in energy, metal, FMCG, auto and IT counters.However, the Nifty Bank index underperformed as investors turned cautious ahead of the outcome of the two-day ...
 Business Standard1 month ago Sensex opens with gains, Nifty trades positive too  Business Standard1 month ago Nifty settles below 9,800-level, up 19.65 points  Business Standard1 month ago Sensex rises by 179 pts, Nifty above 9,900 level  Business Standard2 months ago
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