India's CEAT second — quarter profit slumps amid higher rubber prices
Oct 14 (Reuters) — Indian tyre maker CEAT on Wednesday reported a nearly 40% fall in quarterly net profit, as rising raw material prices squeezed margins. The Mumbai-based company posted a consolidated net profit of 1.12 billion rupees ($11.77 million) in the three months ended September 30, compared with 1.86 billion