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India Earnings >> Current News
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Amtek Auto
* Last Announced: Jun 07 Result
 Current News
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Amtek Auto: Revenue to top $2bn post Neumayer Tekfor buy         11th-Mar-2013
Amtek Auto's revenue is likely to exceed USD 2 billion post the acquisition of Germany's Neumayer Tekfor Group, John Flintham, senior MD, said on Monday.
Restructured Europe biz to account for lower sales: Amtek         24th-Nov-2011
Due to the adverse impact of the ongoing crisis in the eurozone, Amtek Auto tells CNBC-TV18 that it has restructured businesses so as to account for the drop in sales.
Amtek Auto to buyback shares worth up to Rs 291cr       25th-Aug-2011
Auto component maker Amtek Auto today said it will buyback shares worth up to Rs 291 crore through open market transactions.
Amtek Auto redeems FCCBs for $146 m       16th-Jun-2011
Auto component maker Amtek Auto on Thursday said that it has redeemed its convertible bonds, which were due for maturity for USD 145.97 million (about Rs 654.33 crore).
Amtek Auto trims debt; sees $3 bn sales by 2015       16th-Jun-2011
Auto parts maker Amtek Auto Ltd has brought down its debt to about Rs 30 billion after it redeemed USD 250 million foreign currency convertible bonds, a top official said.
Auto parts firms strike JVs for tech; consolidation looms       23rd-May-2011
Large local auto parts makers are forming joint ventures to boost their technological know-how and expand product range as the largely fragmented sector is at full capacity and facing a capital crunch.
Here's the industry view on RBI's key rates       3rd-May-2011
The RBI on Tuesday raised key interest rates for the ninth time since March 2010 by a larger-than-expected 50 basis points as it battles persistently high inflation. The repo rate, the short-term lending rate, up 50 basis points at 7.25%, while the reverse
Zooming auto parts makers may hit cost bump in Jan-March       21st-Apr-2011
Indian auto ancillary makers are on track to report higher sales for Jan-March on robust domestic and international demand but higher costs may cap profit growth.
Income tax dept conducts raids on Kanakia Group: Sources         29th-Mar-2011
The income tax department has conducted a search operation on Mumbai-based Kanakia Group. The raids were conducted early morning, in Mumbai and Lucknow, for alleged tax evasion pursued by Kanakia Group, reports CNBC-TV's Ashwin Mohan quoting sources.
Amtek Auto admits to I-T raids, but says no cash seized       26th-Mar-2011
Amtek Auto has informed the stock exchanges that the I-T department did conduct search operations on some of its premises. However, there has been no seizure of any cash or valuables from the company premises or its directors and neither has it surrendered
Amtek Auto allots 72 lakh shares upon conversion of warrants       22nd-Feb-2011
Amtek Auto in its meeting held on February 21, 2011 has allotted 72 lakh shares upon conversion of warrants basis.
Amtek Defence Tech enters into JV agreement with Enertec Management       19th-Feb-2011
Amtek Defence Tech has entered into JV agreement with Enertec Management.
Amtek Auto to form JV with Autech Corp       21st-Jan-2011
Auto components maker Amtek Auto has formed a joint venture with South Korean automaker Autech Corp to make vehicles for defence, para-medical, fire fighting and waste management sectors, the Economic Times newspaper reported on Friday.
RBI raises rates: India Inc reacts        2nd-Nov-2010
Following the 25 bps hike in repo and reverse repo rates respectively, India inc voiced its opinion on the road ahead.
Oil price-hike: cars to cost more by July       25th-Jun-2010
It is a cheerful time for the auto industry. After the government has decided to increase petrol and diesel price, auto makers are also planning to hike auto price.

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