Tobacco tax fallout: LIC loses Rs 10,445 crore in two days; ITC shares slide 14% after duty hike

India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held […]