Neeraj Kanwar of Apollo Tyres told CNBC-TV18 that he expected the deal with Cooper Tire to be completed by October 2013. He said that part of the company's debt would be repaid by cash flows from Apollo India.
Kalindee Rail Nirman slumped close to 12% on debt concerns. The debt on the company's book is at Rs 75 crore. AP Verma, director of finance at Kalindee Rail Nirman spoke about the latest happenings in the company and gave a perspective on the business going ahead.
After a relative calm of last few sessions, global markets seemed to be entering into a rough phase once again. Richard Ross, global technical strategist at Auerbach Grayson & Company told CNBC-TV18 that he expects to see a further downside for the major emerging markets (EMs).
Concerns about the euro zone debt crisis weighed on world stocks and lifted Portugal's yields to a new euro-era peak on Wednesday, while crude oil held steady off highs following reassurances on supply from OPEC states.