Rubber farmers to get free rain guard
Tyre manufacturer MRF Limited will provide free rain guarding materials to about 7,500 rubber farmers in Chikkamagaluru, Kodagu, Udupi and Mangaluru.
Tyre manufacturer MRF Limited will provide free rain guarding materials to about 7,500 rubber farmers in Chikkamagaluru, Kodagu, Udupi and Mangaluru.
The scrip declined by 4.02 per cent to settle at Rs 66,395.10 on the BSE. Intra-day, the stock dived 5.48 per cent to Rs 65,378.90.
The NSE Nifty Auto was trading 0.29 per cent up at 10,974.3 at around the same time.
While trade are optimistic on the prospects of paint and tyre Cos, they are bearish on aviation stocks.
Current MD Arun Mammen, brother of KM Mammen, has been reappointed vice chairman and MD. The new MD has already had a nearly 14-year stint in various important roles in the company. He joined the company’s board as whole time director seven years ago when he was vice-president, corporate planning and development. Before that he worked in various departments of the company including project execution, production, finance and planning.
In the third quarter, the firm's total expenses rose to Rs 3,120.92 crore from Rs 2,953.28 crore in the corresponding period last fiscal.
“The increase in crude oil prices has proven to be a double whammy for tyre and paint companies. Their volumes were anyway under pressure due to demonetisation."
Commercial vehicles side has shown a little bit of negative pressure, while the first quarter was good growth second quarter because of the monsoon season is generally a low sale quarter for us and internationally we have grown quite well over the last year.
The company had posted a net profit of Rs 449.92 crore in the July-September quarter a year ago, MRF said in a BSE filing.
MRF Rally De North is a round of the FMSCI Indian National Rally Championship (INRC) and Indian Rally Championship (IRC) 2016 held at Gurgaon.
The scrip on Wednesday soared 7.29 per cent to hit a high of Rs 50,000 before retreating a bit. The scrip eventually closed the day at Rs 49,989, up 7.27 per cent.
RACING AHEAD Top tyre cos report double-digit margins, consistent earnings growth & dividend payouts, and are expected to continue their performance
BKT will be competing with established two-wheeler tyre makers like MRF and CEAT apart from the new entrants like Apollo Tyres, JK Tyres etc.
The upgrade in the rating reflects the strong business profile of MRF and sustained improvement in the company’s financial performance over the years
MRF has communicated to the state government that it would start the commercial production in 28 months from the date of taking the possession of the land.
Apollo, which is competing neck and neck with MRF in the car and truck tyre space, sees two-wheelers accounting for at least 1.2 million tyres annually by 2018-19.
The account will be handled from Bangalore and Chennai office of the agency.
The investigation arm of CCI is understood to have found five tyre companies — Apollo, MRF, Ceat, JK and Birla — guilty of cartelisation and acting in collusion to control market prices.
Tyre maker MRF today reported 19.98 per cent rise in its standalone net profit at Rs 388.15 crore for the quarter ended December 31, 2015.
The Madras high court has permitted probe into these companies' anti-competitive activities, but barred CCI it from taking any final decision
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Vimla Abraham | Unlock to View | Unlock to View | Director | 05 Feb,2019 |
Varun Mammen | Unlock to View | Unlock to View | Wholetime Director | 04 Aug,2017 |
Samir Mappillai Thariyan | Unlock to View | Unlock to View | Wholetime Director | 04 Aug,2017 |
Ambika Mammen | Unlock to View | Unlock to View | Director | 23 Apr,2015 |
Cibi Mammen | Unlock to View | Unlock to View | Director | 12 Feb,2015 |
Arun Mammen | Unlock to View | Unlock to View | Managing Director | 01 Apr,2013 |
Jacob Kurian | Unlock to View | Unlock to View | Director | 25 Jul,2012 |
Rahul Mammen Mappillai | Unlock to View | Unlock to View | Managing Director | 25 Nov,2010 |
Salim Joseph Thomas | Unlock to View | Unlock to View | Director | 23 Jan,2009 |
Ranjit Jesudasen | Unlock to View | Unlock to View | Director | 29 Jul,2003 |
Vijay Ravindra Kirloskar | Unlock to View | Unlock to View | Director | 02 Nov,2000 |
Sridhar Vupputur | Unlock to View | Unlock to View | Director | 27 Jul,2000 |
Ashok Peter Jacob | Unlock to View | Unlock to View | Director | 26 Oct,1998 |
Kandathil Mammen Mammen | Unlock to View | Unlock to View | Managing Director | 20 Feb,1981 |
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