Falcon Executive Chairman Pawan Kumar Ruia has been barred from the securities market for 2 years and Executive Director Sunil Bhansali for one year.
One such company is Bharati Shipyard, where lenders plan to use the bankruptcy code and file a case with National Companies Law Tribunal (NCLT), according to sources. They may appoint E&Y as resolution professional.
Other than Falcon Tyres and Ruia, who was the Chairman and Promoter Director of the firm during the investigation period from June to September 2009, the penalty has been imposed on the firm's Executive Director Sunil Bhansali, Non-Executive Director S Ravi and Company Secretary cum Compliance Officer M C Bhansali.
Automotive Tyre Manufacturers' Association has filed application on behalf of domestic players -- J K Tyre Industries Ltd, Ceat Ltd and Apollo Tyres Ltd -- for initiation of an anti-dumping investigation and imposition of the duty on the imports.
Falcon Tyres Ltd, Aditya Forge Ltd, RCL Foods Ltd, Noida Medicare Centre Ltd, Silverton Spinners Ltd and Arvind Remedies Ltd are among the companies whose trading would be suspended from November 27.
Sources tell CNBC-TV18 that the bank is looking to sell Falcon Tyres and Tulip Telecom accounts to Asset Reconstruction Companies or ARCs.
Falcon Tyres has reported a standalone sales turnover of Rs 128.38 crore and a net loss of Rs 1.90 crore for the quarter ended Dec '13
Falcon Tyres has reported a sales standalone turnover of Rs 337.35 crore and a net profit of Rs 3.53 crore for the quarter ended Jun '13
Falcon Tyres has reported a sales standalone turnover of Rs 208.86 crore and a net profit of Rs 1.19 crore for the quarter ended Mar '13
Falcon Tyres has reported a sales standalone turnover of Rs 212.15 crore and a net profit of Rs 0.86 crore for the quarter ended Dec '12
Falcon Tyres has reported a sales turnover of Rs 228.57 crore and a net loss of Rs 28.91 crore for the quarter ended Mar '12
Falcon Tyres has reported a sales turnover of Rs 227.30 crore and a net profit of Rs 6.81 crore for the quarter ended Dec '11
Falcon Tyres has reported a sales turnover of Rs 229.49 crore and a net profit of Rs 3.59 crore for the quarter ended Sep '11
Ashish Chugh, Investment Analyst and author of Hidden Gems advices investors to look out for Narmada Gelatin and Ion Exchange today.
Falcon Tyres has reported a sales turnover of Rs 231.16 crore and a net profit of Rs 10.04 crore for the quarter ended Mar '11
In an exclusive interview with CNBC-TV18, SP Tulsian of sptulsian.com picks FAG Bearings India and Falcon Tyres as two midcap stories he sees growing big. He sees 20% to 25% return on FAG Bearings over next couple of years, while sees Falcon Tyres capable of to a return of 40% in next one year.
Expect 40% return in Falcon Tyres in next one year, says SP Tulsian, sptulsian.com.
Falcon Tyres has reported a sales turnover of Rs 215.14 crore and a net profit of Rs 13.70 crore for the quarter ended Dec '10