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Apollo Tyres to invest up to $600 million on two plants in FY17

Apollo Tyres to invest up to $600 million on two plants in FY17

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

Hot Stocks: Advice on Coal India, Ceat, L&T Finance

Watch how the rise and fall in the shares effect on the chart and how people should invest in the shares. Callers seek an expert advice for the same.

Kotak Mahindra International sells 3.51% stake in Ceat

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.

Ceat, Bajaj Fin to get on to F&O turf from May 29

Besides, Amara Raja Batteries, Castrol India, Pidilite Industries and Page Industries will also become part of the derivatives segment.

Ceat to make 2-wheeler tyres, to invest Rs 1,200cr in new unit

The company will be investing Rs 400 crore in Phase 1.

Ceat to use Rs 500 crore fund raising to finance ongoing projects

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.

Higher wages, ad cost pull Ceat net down 21%

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.

Ceat Q3 net jumps nearly 3-fold to Rs 22.44 cr

The company had posted net profit of Rs 8.12 crore in the year-ago period.

Ceat forms JV with Bangladesh co; to invest $67 million

The facility, which will come up at the investment of USD 67 million, is expected to be functional by December 2014, Ceat said in a statement.

Ceat Q2 net profit soars 70%

Tyre maker Ceat Ltd Monday reported 69.64 percent increase in its consolidated net profit for the quarter ended September 30 at Rs 3.80 crore.

Tyre firms likely to get stressed further on CCI move

The proposed action against tyre companies by the Competition Commission of India (CCI) is set to further strain their profitability.

Ceat appoints Anant Goenka as Managing Director for 5 years

Goenka, currently is the Deputy Managing Director of the company, Ceat said in a statement.