Marlboro Financial News

Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company's shareholders to vote in her favour at the culmination of the company's annual general meeting on Friday, as per a stock exchange disclosure. The widow of KK Modi will turn 80 next week and is locked in a boardroom battle with her sons Samir and Lalit Modi, who are contesting her control over a family trust that they want dissolved.

“I’ll smoke a cigarette socially, maybe fifteen days a year. The remaining days I’m a breathing Mumbaikar. The same taste. Today Mumbai was a Marlboro Light,” he wrote. His analogy struck a chord with many, sparking a wave of memes in the comments section. Even actress Sonam Kapoor amplified the discussion by resharing his post, shedding light on the increasing worries surrounding Mumbai’s worsening air quality.

Two airport employees were arrested after they allegedly leaked video of last week’s tragic mid-air collision between an American Airlines jet and an army helicopter near Ronald Reagan Washington National Airport in D.C.

Philip Morris International's Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million). Marlboro maker PMI bought Vectura in September 2021 as part of a plan to transform itself into a «broader healthcare and wellness» group, a shift it says has been hampered by critics. PMI acquired Vectura, part of its health and wellness unit, in a deal worth 1.1 billion pounds. It has since taken a $680 million impairment against the unit and abandoned plans to raise $1 billion in net revenues from the division by 2025.

Tata International has planned to increase the share of its sustainable leather from 27% of its total production in FY24 to 50% in the next four years.

The Food and Drug Administration has authorized the first menthol-flavored electronic cigarettes for adult smokers

Pretty soon, Americans who crave a nicotine hit will be more likely to reach for a vape or an oral nicotine pouch than a cigarette. Few tobacco companies look ready for this milestone. According to data from Marlboro maker Altria, cigarettes’ share of the U.S.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

(Reuters) -Juul Labs said on Monday it has raised about $1.3 billion in funding, months after the e-cigarette maker revealed plans to lay off about 250 people in a bid to reduce its operating costs.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

Shareholders of Godfrey Phillips India have rejected the company's proposal for a related party transaction to annually export unmanufactured tobacco worth up to Rs 1,000 crore to Philip Morris Products SA. Philip Morris Products SA is a member entity of the group to which Philip Morris Global Brands Inc, USA — a promoter shareholder of the company. As many as 57.94 per cent of the shareholders present at Godfrey Phillips India's annual general meeting on September 1 voted against the «material related party transaction between the company and Philip Morris Products SA». The proposal was to continue supplying unmanufactured tobacco to Philip Morris Products SA on an arm's length pricing and non-exclusive basis, subject to the condition that the aggregate value of the sale/export of the unmanufactured tobacco is up to Rs 1,000 crore in a financial year. The resolution was supported by only 42.06 per cent of the total votes polled in the AGM.

When it comes to dividends, an important factor is their yield, as it indicates how much of the investment we can recover solely through dividend distributions.

(Reuters) -Juul Labs said on Wednesday it was seeking U.S. authorization for a new e-cigarette that has age-verification capabilities and prevents the use of unauthorized refill cartridges.The vaporizer, which has a unique Pod ID chip to prevent the use of counterfeit cartridges and an app to restrict underage access, is already on sale in Britain after its launch in 2021 as JUUL2 System.

WASHINGTON (Reuters) — The U.S. Federal Trade Commission said on Monday it dismissed a complaint against Marlboro maker Altria Group (NYSE:MO) and e-cigarette maker Juul Labs that was brought after Altria's former acquisition of 35% of Juul.

Inflation is seeping through American business, hitting companies in unexpected ways beyond higher prices for materials, shipping or wages.