Indian tobacco stocks fall as India imposes new excise duty on cigarettes

Shares of Indian tobacco companies fell on Thursday after the government imposed a new excise duty on cigarettes, making them costlier for an estimated 100 million smokers in the world's most populous country.

Jan 1, 2026 - 07:00
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Indian tobacco stocks fall as India imposes new excise duty on cigarettes
Shares of Indian tobacco companies fell on Thursday after the government imposed a new excise duty on cigarettes, making them costlier for an estimated 100 million smokers in the world's most populous country.

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