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'Tax hike raises tobacco smuggling risk'
January 05, 2026
|Financial Express Hyderabad
AN UNPRECEDENTED TAX hike, coupled with a new excise duty structure on tobacco, could lead to a surge in illicit trade of cigarettes and result in significant tax revenue losses for the country, experts said.
Earlier this week, the finance ministry notified amendments to the Central Excise Act, imposing an excise duty ranging from ₹2,050 to ₹8,500 per 1,000 sticks based on cigarette length, effective February 1. This duty will be over and above 40% GST. This would imply the overall tax hike of 60-70%, varying across lengths. Currently, the overall tax of about 50-55%, depending on the length. The unexpected tax hikes proposed in the transition
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Financial Express Hyderabad
TN stampede: CBI quizzes TVK chief Vijay for 6 hours
ACTOR-POLITICIAN TO BE CALLED AGAIN BY PROBE AGENCY
1 mins
January 13, 2026
Financial Express Hyderabad
Maruti to invest ₹4,960 cr in 2nd Gujarat plant
MARUTI SUZUKI INDIA, the country's top carmaker, has received board approval to invest ₹4,960 crore in Gujarat to expand its manufacturing capacity, marking a significant step in its longterm growth strategy.
1 min
January 13, 2026
Financial Express Hyderabad
Retail inflation rises to 1.33% in Dec
THE RBI HAD, in its December monetary policy meeting, cut the inflation target for 2025-26 to 2% from 2.6% forecast earlier and delivered a 25 basis points cut in reporate to 5.25%.
1 min
January 13, 2026
Financial Express Hyderabad
Dmart Ready: focus on large cities
THE FIRM TO CROSS ₹4,000 CR IN ANNUAL REVENUE AT FY26-END
2 mins
January 13, 2026
Financial Express Hyderabad
Capex budget may rise to ₹12.5Lcr
Counter-cyclical step amid external headwinds, particularly US tariffs
1 min
January 13, 2026
Financial Express Hyderabad
Deutsche’s India business gets Kotak, Federal bids
THE BANK, WHICH currently operates branches in 16 cities in India, has been narrowing its focus in recent years on corporate banking and investment banking services for multinational and large domestic clients.
1 min
January 13, 2026
Financial Express Hyderabad
Gold and silver storm to records
GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.
1 min
January 13, 2026
Financial Express Hyderabad
Capex budget may increase to ₹12.5L cr
AKEYAREA where much of the incremental outlay may be directed is the Centre’s grant-like scheme for special assistance to states for capital investment (SASCI).
1 mins
January 13, 2026
Financial Express Hyderabad
Wheat sowing rises 2% to 33.4 million hectare
AREA UNDER COVERAGE for wheat rose 2% to 33.4 million hectares till January 9 of the ongoing rabi (wintersown) season, according to the government data.
1 min
January 13, 2026
Financial Express Hyderabad
Apple tops 2025 smartphone mkt
GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.
1 min
January 13, 2026
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