Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed … Read more
Last Updated: April 16, 2024, 18:15 IST Crisil’s expenses increased to Rs 563 crore during the quarter against Rs 539 crore in the year-ago period. Crisil’s consolidated total income rises to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago Ratings firms Crisil on Tuesday reported a … Read more
Unfortunately, ‘wise’ , ‘efficient’ and ‘government expenditure’ don’t usually feature in the same sentence. | Getty Images | Photo Credit: Getty Images “The Indian economy is expected to grow at an average rate of 6.7% per annum until the end of the decade,” CRISIL said in its latest report. The economy will grow at this … Read more
Mumbai: Strong growth in the construction equipment and mining segments will be “a shot in the arm” for the tyre industry, in addition to continuing firm demand in the passenger vehicle market, JK Tyre & Industries chairman and managing director Raghupati Raj Singhania said. All the three segments — construction and mining where the vehicles … Read more
