CEAT Ltd has planned a capex of approximately INR 750 crore for the current fiscal year, primarily aimed at increasing its production capacity of agri-radial tyres at the Ambernath plant in Maharashtra, according to CEO Arnab Banerjee. CEAT expects higher volumes supplied to original equipment manufacturers in Q3 and Q4 of this fiscal year, as the company is switching to bigger rim sizes with automaker approvals anticipated soon. The rural replacement market, where CEAT experienced significant growth in the first quarter, may take another two quarters for demand to recover.
Ahead of the high-octane ICC World Test Championship (WTC) final 2023, Australia star batter Steve Smith said he is not thinking much about The Ultimate Test
People in several parts of India are reeling under harsh spell of heat waves. But they may have some respite in a few days. The India Meteorological Department (IMD) on Saturday predicted that there are chances that no heatwave would persist over most parts of India during the next 5 days.
India bans wheat export with one exception, know details - Exports would be allowed only in case of shipments where an irrevocable Letter of Credit (LoC) has been issued on or before May 13.