The company has been selected as an official partner by the Board of Control for Cricket in India (BCCI) to sponsor certain segments of the IPL matches, with an aggregate spend of about Rs 240 crore over five years, Ceat Ltd said in a regulatory filing.
The company had posted a consolidated net profit of Rs 6.44 crore in the year-ago period, CEAT Ltd said in a regulatory filing.
The company had posted a net profit of Rs 42 crore in the July-September period of the previous fiscal.
Remember the 6,300 crore rupee bombshell that CCI dropped on the cement industry for cartelization in June this year?
Apollo Tyres can move to Rs 94, says SP Tulsian, sptulsian.com.
According to Satish Gupta of Astrostocktips, pharma stocks like Divis Lab, Dr Reddy, Ranbaxy, Sun Pharma, Cipla and Tyre stocks like Apollo Tyre, MRF, Ceat will be getting astrological support.
The strike by workers at Ceat Tyre's plant entered the 14th day today and a meeting called to break the deadlock has been deferred to October 14.
The strike at the Nashik plant of Ceat Tyre entered the eight day today and there was no sign of an amicable solution to the issue as both the sides are refusing to budge.
As the strike at Nashik plant of Ceat Tyre entered the fourth day, causing production loss of around 200 tonne a day, management and union made contradictory claims today.