The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres. In the past three quarters, the revenue growth for listed tyre companies has moderated from low to mid-single-digit on account of factors such as lower demand in replacement segments, weak export markets and the decline in the average selling prices to car makers (OEMs). Demand trends could remain muted in the near term, given the weak passenger vehicle replacement demand, assuming a typical replacement cycle of 3-5 years, and demand moderation in the OEM segment.
The ruling Aam Aadmi Party termed the LG's orders removing Shah and Gupta from the boards of discoms "illegal and unconstitutional". The LG does not have the power to issue such orders, it claimed.
Following is the schedule of Indian contingent on the seventh day of the Asian Games on Saturday.
Preparing for a showdown, Aam Aadmi Party government tonight said it was going ahead with tabling of the Jan Lokpal Bill in the Delhi assembly on Thursday notwithstanding Union Law Ministry's view that Centre's prior approval was required for it even as Congress and BJP held the move by the ruling dispensation as "unconstitutional".
Following is the schedule of Indian contingent on the ninth day of the Asian Games, on Monday.
Indian boxer Pavitra (60kg) advanced to the quarter-finals of the Asian Games after out-classing Pakistan's Rukhsana Perveen in a bout that did not go beyond the opening round, in Jakarta, on Saturday.
Hardening his stand on the passage of two key bills, Arvind Kejriwal on Monday renewed his threat to quit, saying he was ready to sacrifice the chief minister's post a "thousand times" to ensure "swaraj" and give power to the common people.
The LG is also believed to have cited that the inquiry into the CNG fitness kit scam set up by the Kejriwal government earlier was set aside by the Centre on the same ground.
The home ministry has revoked the decision of Delhi government to repatriate its Principal Secretary (Home) and (Land and Buildings) Dharam Pal to the Centre terming it ab initio void and asserted that powers to transfer AGMUT cadre officers rests only with the Centre.
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