Kent RO enters Gulf with Sands International

Kent RO Systems Limited, India’s leading reverse osmosis (RO) water purifier brand, has teamed up with the Dubai-headquartered Sands International to foray into the GCC markets. Sands International offers focused, cutting edge, value-added distribution services to the consumer electronics, Information Technology, home appliances industry segments across the GCC and is also expanding to new regions in Africa and India. Interestingly, Kent RO Systems has also lined up expansion plans into north Africa.

Tyre stocks rev up on proposed dumping duty

The proposed imposition of anti-dumping duty on import of truck and bus radial tyres from China has cheered up tyre stocks in India.

In a six-month time frame, tyre stocks, including MRF, CEAT and Balkrishna Industries, have all gained 45-70 per cent due to high earnings visibility and consumer nature of the business.

These stocks, according to market reports are now trading at 18-23 times their earnings. Other tyre stocks like JK Tyre and Apollo Tyres have been still trading cheap and appear to be due for re-rating.

Cygnett Hotels & Resorts eyes expansion

Cygnett Hotels & Resorts, a fast growing hotel brand with six sub-brands in six different categories, has lined up an ambitious plan of throwing open more than 103 hotels with over 5000 keys across 75 cities. That’s not all. Cygnett is going to expand its footprints beyond the borders.  As starter, the company is also looking at Bangladesh, Sri Lanka and Vietnam for its overseas growth, said Sarbendra Sarkar, founder and managing director, Cygnett Hotels & Resorts.