NEWS
JSW Steel buys Bellary
JSW Steel has bought assets of Bellary Steel for Rs 210 crore. It had paid the total consideration and the takeover will be completed in the next 20 days. Assets include the land, the buildings and the branded machinery. (Source: Business Standard)
JK Tyres to hike prices by 2-4%
JK Tyre & Industries has decided to hike price of its products by two to four per cent and it would be made effective from the last week of this month across the country. The raw materials prices have gone up to an all time high, touching Rs 210 or even Rs 220 per kg of natural rubber. (Source: Business Standard)
Tata Motors to merge CV & passenger car dealership
Tata Motors plans to combine distribution platforms for passenger cars and light trucks capable of carrying passengers, as it seeks to boost margins for dealers and bring retailing for products such as the Winger Platinum, Venture and the Xenon under one umbrella.
(Source: Economic Times)
SSWL bags Rs 6 lakh order from Peugoet Citroen
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