Goods & Service Tax (GST) 21 September 2026
ITC Raises Cigarette Prices and Buys 22% of Happiest Minds
ITC Limited raised cigarette prices after a hike in excise duty and GST increased retail costs, prompting a share price jump. Simultaneously, the conglomerate announced the purchase of a 22.1% stake in tech services firm Happiest Minds, signalling a strategic expansion into the digital sector.
- ITC increased cigarette prices following higher excise duties and GST, raising retail costs and boosting its stock.
- The company also acquired a 22.1% stake in digital services firm Happiest Minds, marking a push into the tech sector.
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