MRF Q3 Results: The revenue from operations for the said quarter increased by 9% YoY to Rs 6,162.46 crore from Rs 5,644.55 crore reported by the company in the year-ago period.
The Supreme Court of India has asked the Competition Commission of India (CCI) for a response regarding an appeal filed by MRF Ltd, one of the companies fined in a case related to alleged cartelisation and price manipulation in the tyre industry. The case, which began over a decade ago, saw the CCI impose penalties on several tyre companies in 2018. However, the National Company Law Appellate Tribunal overturned the order in December 2022 and directed the CCI to pass a fresh order, citing errors in calculation and the need to save the domestic tyre industry.
Apollo Tyres, a leading manufacturer of automotive tires, achieved a significant milestone by hitting a new 52-week high of Rs 433.75. The company is known for its cutting-edge technology, superior quality, and extensive product range