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Jti India

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FDI in tobacco marketing may be banned

Foreign cigarette companies could soon find it harder to sell their products in India. The government is looking into a proposal to ban foreign direct investment (FDI) in the wholesale marketing......

ITC in talks to buy RDB's cigarette biz

Cigarette-to-hospitality major ITC may buy the de-merged cigarette division of Kolkata-based RDB Industries in a deal worth Rs 300-350 crore (Rs 3-3.5 billion), according to sources close to the......

Japan Tobacco raises investment in Indian unit

The world's third largest tobacco company by sales volume, Japan Tobacco Inc, has invested $65 million (Rs 293 crore) in its Indian unit without increasing its shareholding, just days ahead of a......

MNCs slam ban on FDI in tobacco

Global tobacco majors Philip Morris International and Japan Tobacco International on Friday deplored as "discriminatory," the Indian government's decision to ban foreign investment in cigarettes.......

Stop 'treaty shopping' denials for FDI, says FIPB

The Foreign Investment Promotion Board has pulled up the department of revenue for rejecting all foreign direct investment proposals in which funds are routed through Mauritius and said it has......

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