• SENSEX
    NIFTY 50
Business

Union Cabinet approves banning e-cigarettes; cigarette stocks surge

Updated : September 19, 2019 06:52 AM IST

The Union Cabinet in its meeting on Wednesday approved the banning of e-cigarettes in the country. 
Finance minister Nirmala Sitharaman announcing the ban said that production, manufacturing, import, export, storage, distribution, and transport of e-cigarettes will be banned in the country and an ordinance will be promulgated soon to the effect.
Shares of cigarette maker Godfrey Philips surged 9 percent to Rs 1,023.30 per share on BSE after the government-approved ban.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV