Indian tyre maker MRF reported a 12.3% rise in second-quarter profit on Friday, helped by demand for its tyres by original equipment manufacturers.

The tyre maker reported a profit after tax (PAT) of Rs 297 crore in the July-September quarter of the last fiscal.

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A loud sound near the Radisson Hotel in Delhi's Mahipalpur area on Thursday morning triggered alarm among locals, but officials later confirmed that it was caused by a tyre burst and not an explosion.

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The Delhi Police said a “call of a blast” near Radisson, Mahipalpur, was received, and staff were rushed to the spot.