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BIRLA TYRES LIMITED
Birla Tyres insolvency: NCLT approves joint offer of Himadri Speciality Chemical, Dalmia Bharat RefractoriesIn a regulatory filing, Himadri Speciality Chemical informed that the NCLT, Kolkata Bench has "now approved verbally the resolution plan su...
The story of a Rs 1,788 crore fine: Tyre makers, cartelisation and calculation errorsThe Supreme Court of India has asked the Competition Commission of India (CCI) for a response regarding an appeal filed by MRF Ltd, one of ...
ETPWLA 2023: Announcing the nominees for the Sales Leader of the Year AwardIn anticipation of the ETPrime Women Leadership Awards (ETPWLA) 2023 Grand Finale on August 4, 2023, the Economic Times takes pride in unve...
Kesoram seeks to refinance Rs 1,800 cr of high-cost debtKolkata-based Kesoram has been grappling with high leverage and defaulted on interest payments in January 2020. In an effort to unlock valu...
Tyre biz cartelisation: NCLAT asks CCI to pass fresh order; review fines to save domestic tyre industryA two-member NCLAT bench comprising Justice Rakesh Kumar and Ashok Kumar Mishra observed that there were errors by DG in the calculation of...
Epsilon Carbon to invest Rs 550 crore in doubling capacity, captive power generationThe investment will take its manufacturing capacity to 225,000 tonnes a year from 115,000 tonnes, according to Vikram Handa, the managing d...
Birla Tyres slumps 5% to 52-week low after IndusInd Bank sells 38 lakh sharesAfter the sale of shares, the bank's holding now stands at 1,06,91,192 equivalent to nearly 7.50 per cent stake in Birla Tyres, as per data...
CCI imposes a collective penalty of Rs 1,788 crore on five tyre manufacturersThe fair trade regulator has also imposed a penalty on the Automotive Tyre Manufacturers Association (ATMA) for indulging in cartelisation ...
D-Street bulls continue run on low-level buyingThe Advance-Decline ratio was very favourable as investors sought to accumulate high-quality midcap names across sectors, including tyres a...
Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's KesoramGoldman along with an Edelweiss fund have agreed to infuse Rs 1,600 crore in the form of 5 year debentures. Another Rs 200 crore will be us...
Kesoram comes off 9% on tyre biz demergerThe turnover of the demerged tyre division is Rs 1,453 crore.
- Buy Century Textiles & Industries, target Rs 1,170: Shrikant Chouhan
Buy Century Textiles & Industries at a price target of Rs 1,170 and a stop loss at Rs 1,110 from entry point.
JK Group to buy Kesoram's Haridwar tyre unit for Rs 2,200 croreJK Group will acquire BK Birla flagship firm Kesoram Industries' tyre manufacturing plant at Haridwar for up to Rs 2,200 crore.
Sensex rallies over 150 points, Nifty reclaims 8600; top ten stocks in focusThe S&P BSE Sensex rallied as much as 157 points in trade on Tuesday, led by gains in ITC, SBI, HDFC, Axis Bank and ICICI Bank.
Ten stocks in focus in Tuesday morning tradeIndian markets are expected to trade in a range. Here is a list of ten stocks which are likely to be in focus today.
Kesoram Industries puts Birla Tyre on the block; appoints BofA-ML for sale processRestructuring of Kesoram Industries is a step towards the eventual takeover of the company by Kumar Mangalam Birla as stated in BK Birla’s ...
- Century Enka plans Rs 260 cr expansion
Century Enka Limited of the B K Birla group has lined up a Rs 100 crore expansion at its Bharuch plant in Gujarat to augment production of ...