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Dow to buy Rohm & Hass

Dow chemical co, the biggest US chemical maker, agreed to buy Rohm & Hass Co for about $18.8 billion to increase sales of more lucrative electronics materials and adhesives.  ... More


Auto sales sustain growth

Domestic vehicle sales during June have been on a growth trajectory across most categories owing to the lower numbers posted by companies during same period last year.  But the S ... More


Rubber Output up

The production of natural rubber during May 2008 increased by more than 27% to 59,000 tonnes against 46,485 tonnes recorded a year ago.  According to the Rubber Board’s provision ... More


MRF’s to double radial tyre capacity

MRF expects to double its production capacity by the end of 2009 when its green field project for radial tyres would go on stream in Tamil Nadu.

MRF is planning ... More


Renault-Nissan Production by 2010

Renault-Nissan expects to source 300 million (approximately Rs 1,890 core) worth of auto components from the domestic market for its passenger car business in Europe, over the next tw ... More


TYRE MANUFACTURERS START REDUCING PRICES

Responding to the cut in excise duty from 16 to 14 per cent on tyre almost all major producers have started reducing their product prices.

While MRF, JK Tyre and ... More


DEADLY BLOW TO EOU

The recently announced Union Budget for 2008-09 has struck a deadly blow to the 100% Export Oriented Un ... More


GLOBAL SOURCING WILL INCREASE TO $20 BN

The multi-billion dollar auto component sourcing industry in India has brought relief to many domestic component suppliers in the form of improved margins and long-term supply contracts.

Gl ... More


Exports target of US$ 160 bn not achievable

India’s export performance in 2008-09 will not be as bright as in the past few years, the Economic Survey has acknowledged. The loss of sheen in exports is mainly due to the steady ap ... More


RUBBER EXPORTS LIKELY TO EXCEED 50,000 TONNE

Natural rubber exports are likely to exceed to 50,000 tonne target set by the Rubber Board for 2007-08. With Indian prices much lower than international levels 43,727 tonne of natural ... More



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