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The Indian fighter jets have begun the process of changing over to desi tyres, probably signalling an end to escalating cost and non-availability concerns.
Begun as a balloon factory with an initial funding of Rs 14,000 in the 1940s, MRF is today one of the leading tyre manufacturers in the country with a market capitalisation in excess of Rs 8000 crore...
The MRF Challenge 2013 season will kick-start this weekend with the first round being held at the Buddh International Circuit (BIC) in Greater Noida.
MRF Ltd announced on Thursday that the company’s Board of Directors will meet on October 24, 2013. The agenda of the meet would be to consider the declaration of second interim dividend for the year ended September 30, 2013.
The MRF tie-up is one of the topics discussed at the last meeting of the National Cricket Academy which will be tabled before the Working Committee of the BCCI when it meets in Kolkata on Sunday.
Tyre producer MRF's net profit rose by 40.4 percent year-on-year to Rs 210.6 crore in the second quarter of financial year 2012-13, sending shares 4 percent higher.
MRF's standalone income stood at Rs 3,051.46 crore in the April-June quarter, compared with Rs 3,008.27 crore in the same period of the previous financial year.
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