TVS ASL hits JV deal with US-based Myers Tire Supply

TVS ASL hits JV deal with US-based Myers Tire SupplyTVS Automobile Solutions Ltd (TVS ASL), a subsidiary of TVS & Sons, has signed a joint venture (JV) with US-based Myers Tires Supply International Inc. to promote each other's products in various Asian markets.

The two companies said in a statement that the JV would look to make a mark for their business in India as well as other markets of Asia. To begin with, however, the JV will focus on after-sales tyre repair & service business in India only.

Sensex trades 227.54 points down in pre-noon session

Sensex trades 227.54 points down in pre-noon sessionMumbai, June 13 - For the third consecutive day, a benchmark index of Indian equities markets was trading down during the pre-noon trade. On Thursday, it was 1.19 percent or 227.54 points lower.

Selling pressure was observed in sectors like auto, fast moving consumer goods (FMCG), healthcare, oil and gas, banking index (bankex) and public sector units (PSUs); while only two sectors showed some upward movement - consumer durables and metals.

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