Rubber price jump: Tyre firms' margins may be hit
Financial Express Kolkata|December 23, 2024
WITH A SHARP escalation in the cost of natural rubber and other raw materials in recent months and the outlook on demand muted, tyre manufacturers may see their margins taking a hit in FY25.
SWARAJ BAGGONKAR

Compared to the start of the financial year, natural rubber of the RSS 5 and RSS 4 varieties, typically used for tyre-making, saw a surge of 26-35% in prices in just 4-5 months this year.

From around ₹1.5 lakh per tonne in January 2024, the price of natural rubber jumped to around ₹2.40 lakh per tonne by September, a rise of 60%, data from the Rubber Board and CRISIL Research showed.

Denne historien er fra December 23, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 23, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS KOLKATASe alt
Financial Express Kolkata

Chants meet chatbots at this year's Maha Kumbh

FROM INFORMATION TO SECURITY, AI TO BE MAJOR MOVER AT THE MEGA EVENT

time-read
3 mins  |
January 10, 2025
Financial Express Kolkata

Trump tariffs: Auto suppliers rethink production plans

Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

Premium online video market to double by 2028: Report

INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

RBI governor seeks to improve forecasting

Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

Meta's fact-checking snub in US alarms India

AS META ANNOUNCED the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era, a palpable sense of panic has gripped fact-checkers in India.

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

TCS profit rises 4% in Q3

AMONG VERTICALS, ENERGY, resources and utilities grew by 3.4%, and consumer business gained 1.1%. The key segment - banking, financial services and insurance (BFSI) - reported a modest sequential growth of 0.9%, compared to 0.1% in Q2.

time-read
2 mins  |
January 10, 2025
Financial Express Kolkata

Taliban Urges India to Ease Visa Process

First High-Level Meet

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

Hollywood Hills burn as big blaze engulfs LA

THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

Musk Held Talks on Ways to Oust UK's PM Before Polls: Report

BILLIONAIRE ELON MUSK has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday.

time-read
1 min  |
January 10, 2025
Financial Express Kolkata

Hush money: Court rejects Trump bid to delay sentencing

NEW YORK'S TOP court rejected on Thursday Donald Trump's request to halt the president-elect's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, with a decision on a possible delay now in the hands of the President-elect.

time-read
1 min  |
January 10, 2025