The Trump administration has a new rule that may force some foreign students to leave the US.
The company had initially planned around Rs 1,400-1,500 crore in India and about 20 million pounds for its European facility
The company had earlier earmarked a capex of around Rs 1,400-1,500 crore for the domestic operations for the current financial year
The company plans to invest close to Rs 3,800 crore in phase I of this greenfield facility, which is spread over 256 acres
DGFT, vide its June 12 notification, has placed import of major tyre categories in the 'restricted' category from the 'free' category earlier.
Given the huge hit from lockdown, it is not surprising that 44 of the 80 companies have seen sharp cuts ranging 10% to 72%
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure
The move is in line with other tyre makers' plans to pare their outlays
The Board of Directors of Apollo Tyres Ltd approved the issuance of compulsorily convertible preference shares in the company
With the chart looking promising, we suggest to buy Hindalco and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.
Weak demand, high competition could weigh on stock in near term
Apollo Tyres' Chennai Unit conferred with FICCI Quality Systems Excellence awards
Apollo Tyres has provided the technical expertise to get the track ready for testing wet grip of tyres, as per the standard specifications
The firm's supply to passenger vehicles also registered a decline of 11%
Slowing auto sales, higher commodity costs remain major areas of concern
The company's total income rose marginally to Rs 4,358.78 cr during April-June 2019 as compared with Rs 4,328.6 cr in the year-ago period
The company has also invested close to Rs 4,000 crore in a new Greenfield facility in Hungary
A total of 51 stocks including M&M Financial, JSW Steel, Heritage Foods, Eris Lifesciences, Godrej Consumer, L&T Financial Motilal Oswal Financial and Shoppers Stop hit 52-week lows.
From celebrity endorsers to brand anthem by A R Rahman and big marketing spends, the tyre company is pulling out all stops to narrow its gap with MRF and Ceat in two-wheeler tyre segment