29 Jun 2017

Less smokers in India

The Global Adult Tobacco Survey shows that tobacco consumption in India fell by 6% between 2010 and 2016. The Youth segment (15-24 years) declined by 33% and the Juvenile segment (less than 15 years) by 54%. The biggest impact will have been on ITC which has been expanding its FMCG and leisure business segments. The company is now looking to drive the market share of its Savlon antiseptic towards $100mil in value. Lupin has received USFDA approval to market its generic Oxycodone Hydrochloride painkiller. The company has also launched its Buproprion Hydrochloride extended release tablets for the treatment of major depressive disorders. TCS is collaborating with Intel to design infrastructure reference architecture which will allow customers to rollout Internet of Things, Cloud and AI services. Bajaj Auto has cut the prices of motorcycles to shift stock and to adjust prices to a lower level of taxes which will apply under GST.

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