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US tyre maker Goodyear faces allegations of labour abuse in Malaysia

Read more about JK Tyre on a roll after turnaround Q4 numbers on Business Standard. JK Tyre & Industries gained 3.24% to Rs 127.95 after the tyre maker reported a consolidated net profit of Rs 189.12 crore in Q4 FY21 as against a net loss of Rs 47.20 crore in Q4 FY20.

Balkrishna Industries jumped 7.81% to Rs 2043.55 after the tyre maker's standalone net profit jumped 45% to Rs 372.20 crore on 28.6% jump in net sales to Rs 1745.89 crore in Q4 FY21 over Q4 FY20.Standalone profit before tax surged 46% to Rs 494.51 crore in Q4 FY21 from Rs 338.77 crore in Q4 FY20. The company's sales volume increased by 17% year on year to 68,002 MT in Q4 FY21. The company said it has achieved highest ever quarterly sales volume. EBITDA grew by 37% year on year to Rs 558 crore in Q4 FY21 from Rs 407 crore in Q4 FY20. EBITDA margin improved to 31.9% in Q4 FY21 from 29.3% in Q4 ...

CEAT opens all-women operated customer service centre SECTIONS Last Updated: Feb 22, 2021, 04:03 PM IST Share Synopsis At the time of the global crisis due to the pandemic, many people have lost their jobs but with this initiative, CEAT Tyres is opening avenues for women and creating more employment opportunities. CEAT had earlier this month said that these service outlets will work as full-fledged customer service centres. Tyre maker CEAT on Monday announced the opening of all-women operated customer service centre Shoppes at Bhatinda in Punjab and said it plans to set up such outlets pan-In...

The RPG Group-owned tyre maker will invest about Rs 1,200 crore to increase production capacity over the next 18-24 months, as part of a four-year, Rs 3,500-crore capex plan, which it had put on hold due to the Covid-19 pandemic last year after pumping in over Rs 2,200 crore.