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TYRE MAKER NEWS
Sudip Bandyopadhyay bets on pharma, metals and select cyclicals as geopolitical risks easeEasing West Asia tensions boost global markets, prompting investors to reassess opportunities. Market veteran Sudip Bandyopadhyay favors ph...- Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher MotorsIndian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's div...
- IndiGo, Asian Paints, other crude-sensitive shares plunge up to 4% as oil soars back above $110Crude-sensitive stocks including airlines, paint and tyre makers fell up to 4% as Brent crude surged above $110 amid escalating geopolitica...
- Ceat completes acquisition of Camso OHT, tracks businessCeat has finalized its acquisition of Michelin Group's Camso off-highway tyres and tracks business, marking a significant step in Ceat's am...
- CEAT inks pact with Michelin to acquire Camso brand's OHT, tracks biz for about $225 mnCEAT is acquiring Michelin's Camso off-highway tire (OHT) and tracks business for $225 million. This acquisition gives CEAT a global presen...
- CEAT looks to grab opportunity in replacement tyre market growth fuelled by PV salesTyre maker CEAT Ltd aims to capitalize on the growth in passenger vehicle sales in India, expecting a boost in demand for replacement tyres...
- CEAT's international biz, replacement market to see better times ahead: Vice Chairman Anant GoenkaTyre manufacturer, CEAT, is optimistic about the future of its international business and replacement market, with Vice Chairman, Anant Goe...
- Play auto via CV, tyres and ancillary stocks: Chakri LokapriyaBattery makers have not done that well, partly due to concerns over electric vehicles (EVs).
- Apollo Tyres shares decline over 4% post Q1 earningsThe tyre maker had reported a net profit of Rs 142 crore in the April-June last fiscal.
- Upside looks limited for Balkrishna Industries on slowing demand trendBalakrishna caters to the agriculture, and industrial sectors including mining.
- Ceat Q4 results: Net profit falls 20% to Rs 52 croreThe company had posted a net profit of Rs 64.32 crore in January-March quarter a year ago.
- Apollo Tyres Q3 results: Net profit declines 12% to Rs 174 croreConsolidated net sales declined to Rs 4,347.16 crore for the quarter under consideration.
- European shares rise on trade optimism; Michelin inflates tyre makers, autosThe pan-European STOXX 600 was up 0.6 per cent at 0841 GMT.
- US anti-dumping exclusion, price hikes fuel Balkrishna on boursesThe US accounts for nearly 16% of the total sales of the company. The impact of the duty is limited since tyres of more than 39 inches are ...
- Tyre companies benefetting from lower crude and rubber prices: Deepak ShenoyThey are kind of using this mechanism to or this temporary situation perhaps to increase their footprint and that is a good thing.
- JK Tyre drops over 3% on Rs 2,200 crore buyout; Kesoram Industries ralliesKesoram Industries surged 13.76 per cent to hit its intraday high of Rs 116.20. JK Tyres, on the other hand, fell 5.2 per cent to hit its i...
- JK Tyre set to buy unit of Birla Tyres for an enterprise valuation of Rs 2,000-2,200 croreA deal would take the company’s share of the Indian market to about a fifth from approximately 16% now, bringing JK Tyre on par with No. 2 ...
- JK Tyre leads race for Rs. 2,000 crore Birla Tyres dealJK Tyre will borrow Rs 1,500 crore from public and private sector banks with the rest coming from internal accruals.
- Race for Kesoram's tyre unit hots up as Apollo enters frayWhile MRF was the front-runner for the asset Apollo has recently entered the fray said multiple sources aware of the ongoing negotiations.
- Rise in rubber prices dents tyre cos' marginsTyre makers are likely to raise prices further by 20% if govt does not allow duty-free import of natural rubber.
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