Zensar Technologies has acquired US based company, Cynosure for USD 33 million. Prashant Nair caught up with Harshvardhan Goenka, Chairman of Zensar Technologies and asked him about the newly acquired company and the market opportunity.

Ceat working on margins, says raw material prices had no impact

Raw material prices have not had much impact on the company, says Arnab Banerjee of Ceat. Rubber prices were flat across Q1, which are expected to move at same level in the third quarter as well.

To double 2-wheeler tyre capacity in two years: Ceat

The company has ambitious plans for doubling their two-wheeler tyre capacity in Nagpur from 10 lakhs to 23 lakh tyres in two years, said Anant Goenka, MD, Ceat.

See headwinds in export markets; 10% growth in H2FY15: CEAT

Subba Rao Amarthaluru, CFO, CEAT anticipates a 10 percent growth in second half of FY15 as plummeting crude prices will reflect in prices of its derivatives such as synthetic rubber, carbon black and nylon tyre chord.

Demand from truck cos firm; weak crude helping margin: CEAT

Huge imports are keeping domestic rubber prices soft and lower cost of raw materials is helping boost the company‘s operating profit margins, Subba Rao says

Ceat expects Rs 400-500 cr turnover from Bangladesh mkt

Ceat is looking at expansion in the two-wheeler market. It plans to expand the capacity in Bangladesh plant to 65 tonnes per day and the Halol plant capacity to 100 tonnes per day.

See double-digit margins in FY14: CEAT

Dispelling any worries about the recent fire in its Bhandup factory, A Subba Rao, chief financial officer, CEAT, says that there has been no loss of sales, though there were some losses on the production side for abour 48 hours.

Difficult to sustain margins at 13% going ahead: CEAT

A Subba Rao, CFO, CEAT, spoke with CNBC-TV18 to discuss the rubber import customs duty. He also commented on the company‘s current business operations and expected earnings.

We monitor local, global mkts for price arbitrage: Ceat

A Subba Rao, CFO, says Ceat continuously monitors both international and domestic markets and takes appropriate decision at that point of time whether domestic rubber purchase is better or international rubber purchase is better.

Raw material prices might rise by 6-7% in Q3: Ceat

In an interview to CNBC-TV18, Arnab Banerjee, ED – Operations at Ceat presents his outlook on the company's business going forward.

Hiking import duty on rubber will hit industry: Ceat

Government has been considering hiking import duty on rubber and the notification regarding the hike would be issued soon. Reacting to the news Manish Dugar, CFO, Ceat said, “We believe that if the hike is imposed then it will make us uncompetitive in terms manufacturing in the country and hence you will start seeing more of tyre imports”

Tyre prices brake on stable rubber; exports to boom: Ceat

Manish Dugar, CFO, Ceat says that with rubber prices remaining stable over the last 4-to-5 months on a strong demand-supply situation it is difficult to expect any fall in tyre prices. Exports constitute 24 percent of the tyre-manufacturer‘s total revenue and growth in exports continues to improve in markets like Indonesia and Italy.

Expecting 5-7% tonnage growth in Q3: Ceat

In an interview to CNBC-TV18, Manish Dugar, chief financial officer, Ceat gives details on the company's performance. He says he is expecting a positive outlook this quarter as well as in the January-February-March.

CEAT pegs FY13 revenue growth at 25%

Anant Goenka, Dy MD, CEAT Ltd expects FY13 to be a much better year with the company’s Halol plant close to full capacity utilization. He is looking at about 25% growth in revenues in FY13.

Ceat foresees major drop in raw material prices

In an interview with CNBC-TV18, Paras K Chowdhary, managing director of Ceat spoke about the industry and his outlook for the company.

Sanjiv Goenka creates separate group identity

Sanjiv Goenka, the younger son of billionaire industrialist Rama Prasad Goenka, today unveiled a new corporate identity for the companies controlled by him.

No confirmation from govt on removal of customs duty: Ceat

PK Chowdhary, MD, Ceat in an interview with CNBC-TV18 said that they have been asking the Finance Ministry for the removal of customs duty on rubber because of shortage of rubber in the country. However, they have not received any confirmation from the authorities about the same.

Ceat sees substantial volume growth this year

Arnab Banerjee, ED, Ceat in an interview with CNBC-TV18 said that the company experienced a margin squeeze last year because of significant increase in raw material prices primarily, rubber.

Ceat finds Chinese imports irritating

Anant Goenka, Deputy MD of Ceat, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his view on the slippage of natural rubber price and its impact on the tyre manufacturers.