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.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest