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$\The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced,\ Godfrey Phillips India said in a regulatory filing.$ Business

Godfrey Phillips says it is in complete compliance with India's FDI...

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

12 March 2019 12:42 PM IST

Philip Morris also signed off on one-time expenses and refurbishment costs incurred by Godfrey on at least two occasions in 2013 and 2014.

Business

India's Enforcement Directorate investigating Philip Morris, Godfrey...

Enforcement Directorate source declined to comment on whether the ongoing investigation.

8 March 2019 3:51 PM IST

Some former Indian enforcement officials said the practice of indirectly paying for manufacturing-related costs violates regulatory rules.

Business

Philip Morris skirts ban on cigarette investment

The Indian government in 2010 prohibited FDI in cigarette manufacturing, saying the measure would enhance its efforts to...

7 March 2019 1:10 AM IST