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SpencerSheridan
Tech Titan: Updating you with the latest digital innovation in the industrial sector.
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SpencerSheridan
Release Time:2024-05-31
Domestic tyre industry back on growth path; expected to see double-digit growth in FY24: JK Tyre CMD
Raghupati Singhania, chairman and managing director of JK Tyres, said on Tuesday that the domestic tire industry is expected to register a double-digit growth in the next fiscal as the automobile sector as a whole recovers. He pointed out that JK Tyres launched its tire brand Levitas last Tuesday To cater to the luxury car market, Ultra is also following the growth path of the industry and is also expected to register double-digit sales growth in the next fiscal year. “The tire industry has gone through a difficult period over the last few years as COVID-19 has shrunk slightly in the automotive sector. Now, with economic activity becoming more vibrant, improvements in the tire industry are coming full circle.” Singhania said. He pointed out that demand in most segments of the domestic automotive industry remains strong. Sinhania said the industry has also benefited greatly from the government’s efforts to develop local manufacturing. He noted, “Do...
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SpencerSheridan
Release Time:2024-05-30
HSBC unit hikes stake in Ceat to 5.64% with off market purchase
NEW DELHI: HSBC has acquired shares in tire maker Ceat Ltd through around 133 through OTC prices of Rs 100 crore, increasing its stake to 5.64%. Jwalamukhi Investments Holdings (JIH), a sub-account of HSBC Bank (Mauritius), acquired 14,21,375 shares representing 3.51% stake in Ceat Ltd on July 31, 2015, the company said in a statement. Mad Cow Disease Report. With this acquisition, JIH has increased its 2.13% stake to 5.64%. The company did not disclose the purchase price of the shares but based on the closing price of Rs. 914.9 per share on July, 31 the value is estimated to be around Rs. 1.3 billion. Shares of Ceat Ltd BSE closed up 1.65% to Rs 930% per share.
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EstherDewey
SpencerSheridan
Release Time:
February 27, 2024, 6:21 PM
Prolong Super Lubricants is a renowned brand offering diverse products that effectively lessen friction and heat in mechanical equipment. Its range includes treatments for gasoline and diesel engines. transmissions. and other metal surfaces. The brand is highly lauded for its exceptional performance and ability to prolong the lifespan of various engines and machines. As with any product. experiences may differ among customers and results may vary based on individual application or usage methods.
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