In today’s letters to the editor: the budget and capital gains; government subsidies; pedestrians and drivers; Winnipeg’s McNally Robinson; NHL playoffs are here
Mrf: The CCI had, in August 2018, imposed penalties totalling more than INR 1,788 crore on the tyre companies and also asked them to cease and desist from indulging in unfair business practices.
Tyre industry has been investing around 10% of its revenues in capacity expansion over the past few years. Icra expects the industry to continue to invest 10-12% of the revenues in the medium term