Diabytes
Ceat News
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The new tyre comes with a yellow strip
The yellow strip is embedded within the tread portion of the tyre
These tyres are available in two sizes
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Apollo Tyres will invest up to USD 600 million (about Rs 4,000 crore) next fiscal to enhance capacity at its plants in India and abroad
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Kotak Mahindra (International) Ltd today offloaded 3.51 per cent stake in tyre maker Ceat for an estimated Rs 113 crore through an open market transaction.
Besides, Amara Raja Batteries, Castrol India, Pidilite Industries and Page Industries will also become part of the derivatives segment.
The company will be investing Rs 400 crore in Phase 1.
Tyre maker Ceat, which plans to raise up to Rs 500 crore through issue of securities, will use majority of the fund to finance expansion of its ongoing projects in Bangladesh and Gujarat.
Tyre maker Ceat Tuesday reported 21 percent decline in consolidated net profit at Rs 51.66 crore for the April-June quarter because of increase in wages and higher advertisement cost.
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