Goodyear India is set to enter the Rs 1,000-crore (Rs 10 billion) plus tyre companies club on the back of new retail forays and healthy sales, which are expected to grow by 17 to 18 per cent this fiscal.
Goodyear Tyre & Rubber Company will invest $30 million to ease the debt burden of its Indian arm.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
Nifty ends above 8,600; Tata Motors, RIL top leaders
When it comes to the replacement of old tyres with new ones, car owners are in a catch-22 situation, wondering about the tyre brand, price and most importantly, tyre warranty.
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
HDFC and Infosys contribute the most to today's rally.
Markets shrugged off RBI's neutral stance on key policy rates.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Turns down firm's plea for stay on CCI order; final order pending
The unprecedented shutdown of world sport in response to the coronavirus spread that has infected more than 134,000 people and killed around 5,000 also prompted organisers to postpone the Formula One motor races in Vietnam and Bahrain. The start of the lucrative Indian Premier League has also been postponed until April 15 as a "precautionary measure", the Board of Control for Cricket in India said.
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
All of these companies are present in India.
'Small bands of terrorists believe they can destabilise superpowers if they are ready to become martyrs.' 'Since the road to paradise is under the shade of swords, it is a win-win situation for those ready to die for the cause of Allah.'
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