Apollo Tyres buys out Germany's Reifencom for euro 45.6 mn

Apollo Tyres has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for euro 45.6 million (around Rs 301 crore).

Corporate Earnings: Top gainers and losers in Q2 results announced today

Corporate Earnings: Top gainers and losers in Q2 results announced today

The major gainers and losers announcing corporate earnings on Friday:

Apollo Tyres plans to set up sales unit in Malaysia

Malaysian market presents great potential for all categories of tyres, including for passenger cars, commercial vehicles and the agricultural sector.

Indian entrepreneurs charged with insider trading in US

Two Indian-origin entrepreneurs have been charged by US authorities with insider trading for making over a million dollars in illegal profits through the proposed acquisition of Cooper Tire and Rubber by India's Apollo Tyres.

US court dismisses case against Apollo Tyres filed by Cooper

Cooper has also given up all its claims against Apollo.

Apollo Tyres Q2 net up about 18%

Apollo Tyres Monday reported 17.52 percent increase in consolidated net profit at Rs 257.94 crore for the second quarter ended September 30, 2014-15 driven by higher exports.

US court ruling in Cooper deal vindicates our stand: Apollo

Apollo Tyres Sunday said the judgement of a US court in its favour in the Cooper Tire deal has vindicates its stand that they made exhaustive efforts to complete the deal but US tire manufacturer failed to comply with its contractual obligations.

Apollo Tyres appoints Mathias Heimann to head European Ops

Apollo Tyres on Wednesday announced appointment of Mathias Heimann as President of Europe & Americas and CEO of Apollo Vredestein, Enschede, the Netherlands.

Apollo Tyres shares gain 6% as RBI hikes FII limit

Shares of Apollo Tyres climbed six percent on Tuesday as foreign investors have been allowed by the RBI to buy up to 45 per cent of the paid-up equity capital in the company.

Apollo Tyres to invest 475 mn euros to set up Hungary plant

According to the company, once completed, the plant will have a capacity to produce 5.5 million passenger car and light truck tyres and 675,000 heavy commercial vehicle tyres per annum.

Apollo Tyres to invest $340 mn to upgrade facilities

The board approved expansion of the truck and bus radial tyre capacity at the Chennai plant from the present 6,000 tyres per day to 8,900 tyres per day.

Apollo Tyres Q4 profit zooms two-fold to Rs 281.62 crore

Apollo Tyres' consolidated net profit doubled mainly on account of increased sales.

Apollo Tyres Dec quarter Net soars 87% to Rs 338 cr

Apollo Tyres Wednesday posted a 87.15 percent increase in consolidated net profit at Rs 338.01 crore for the third quarter ended December 31, helped by benefits accruing from a better product portfolio.

Apollo Tyres scrip down over 2% on profit-booking

Shares of Apollo Tyres on Wednesday fell by over 2 percent on profit-booking, cutting short its sharp rally in the previous session.

Apollo's failed deal sows doubt on future India M&A

The ambition from Indian mid-sized companies for large debt-fuelled acquisitions abroad was dealt a major setback after the unravelling of a USD 2.5 billion bid by Apollo Tyres to buy Cooper Tire & Rubber Co.

Apollo Tyres stock surges 12% after Cooper deal collapse

Shares of Apollo Tyres on Tuesday rose sharply by nearly 12 percent after Cooper Tire & Rubber Co terminated its troubled USD 2.5-billion merger agreement with the Indian firm.

Apollo to take legal recourse after Cooper ends $2.5 bn deal

Cooper Tire & Rubber Co Monday terminated its troubled USD 2.5-billion merger agreement with India's Apollo Tyres, which said it will take legal action against the US-based firm.

Cooper Tire scraps $2.5-billion merger deal with Apollo Tyres

US-based Cooper Tire & Rubber Co Monday terminated its troubled USD 2.5-billion merger agreement with India's Apollo Tyres.

Apollo Tyres shares gain nearly 8% on bourses

Shares of Apollo Tyres on Tuesday soared nearly 8 percent amid hopes it will get a better deal to acquire US-based Cooper Tire & Rubber Co.

Apollo claims victory over Cooper in acquisition spat

Homegrown tyre major Apollo Tyres Tuesday said Delaware Supreme Court has ruled in its favour in its ongoing spat with US-based Cooper Tire over their proposed USD 2.5-billion merger agreement.