|
Ceat's MD & CEO Arnab Banerjee explains that price hikes will continue due to inadequate pass-through of raw material costs, with further increases anticipated in September. Despite high natural rubber prices, Ceat aims for growth in international markets and has planned significant capex for FY25. Banerjee also says the overall OEM demand will be flattish. But the replacement demand is not flat.
Category:
News and Media
Arkade Developers' IPO, which opened for subscription on September 16, has been 42.7 times oversubscribed as of Thursday, the final day for bidding. By around 1 pm, non-institutional investors had subscribed over 100 times, retail investors 42 times, and qualified institutional buyers (QIBs) at 90%.
Category:
News and Media
The portion reserved for the retail investors as well as the NIIs received a solid response and was booked nearly 21.7 times and 30.31times, respectively. The quota reserved for qualified institutional buyers (QIBs) was booked by just 24%.
Category:
News and Media
All news |
||||||||||||||||||
|