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ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stocks value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday, after plunging 10% on New Years Day, as at least six brokerages rushed to reassess the impact of what they described as an unprecedented tax shock on the companys core cigarette business, according to ET.Effective February 1, cigarette taxes will rise by about 50%, forcing ITC to implement portfolio-level price hikes of at least 25% just to maintain current net realisation per stick, according to Motilal Oswal

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In 1999, she would also become a member of the board of directors of Philip Morris, and she has never expressed remorse over the lending of her name to the promotion of cigarette smoking to women for the past fifty years

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TCORS 2.0 (2018-2025) In the second cohort of these centers, the University of Pennsylvania and Rutgers were awarded a $18 million grant in 2018 to study the effects of tobacco marketing, labeling, and packaging on users and non-users of tobacco products