JK Tyre & Industries Limited, A leading player in the automotive tyre industry has decided to pass on the entire benefit to the consumers by reducing tyre prices. This is consequent to reduction in cenvat duty on tyres/tubes/flaps as pronounced in the union budget 08-09 by The Hon…

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Air Arabia (PJSC), Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced its financial results for the year 2007.The company achieved a net profit of AED 376 million for the financial year ending December 31, 2007 as against a net profit of AED 101 milli…

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Kamat Hotels (India) Limited (KHIL) will present VITS, the new chain of luxury business hotels and Lotus Resorts, a chain of luxury, waterfront resorts, at the ITB exhibition & convention to be held in Berlin in the first week of March 2008. KHIL is one of the fastest growing hospit…

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GTC Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 29, 2008, inter alia, has considered and granted its in-principle approval to demerge the Tobacco business and the Real Estate business into two separate entities. The De-merged …

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Fitch Ratings has today affirmed DSP Merrill Lynch Capital Limited (DSPMLC)’s INR15bn guaranteed long-term debenture programme at National Long-term ‘AAA(ind)(SO) and its INR2.5bn short-term debt programme at National Short-term ‘F1+(ind)’. DSPMLC’s Nation…

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Dabur Pharma announces approval and launch of Irinotecan hydrochloride injection in United States.Speaking on the occasion, Mr. Ajay Kumar Vij, CEO said “This is a major milestone for Dabur Pharma. This is our 4th product approval in the US market, wherein we have already submitted…

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Specialty chemicals group LANXESS is to build a butyl rubber production plant in Singapore with an annual capacity of up to 100,000 metric tons. It is due to be commissioned in 2011. Dr. Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG, announced the decision at a press…

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“Without inclusiveness there is no sustainable value creation” said Mr K V Kamath, Vice President, CII & Managing Director & CEO, ICICI Bank at the CII’s 5th CFO Summit, 2008 in Mumbai today. While releasing the exclusive CII-PWC Report on ‘Sustaining …

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ICRA Management Consulting Services Limited (IMaCS), a wholly-owned subsidiary of ICRA, and Dun & Bradstreet Philippines, Inc. (DBP) have tied-up to jointly offer advisory/consulting services in the Philippines. The MoU between IMaCS and DBP enables both Parties to pool their expe…

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Specialty chemicals group LANXESS AG is set to make the biggest single investment in its history in Singapore. A new chemical production site for synthetic rubber is to be built at the chemical park on Jurong Island. LANXESS has earmarked a record amount of EUR 400 million for this invest…

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