The AV Birla group flagship Grasim Industries has been an outperformer on the bourses. The company's stock price is up 56.5 per cent in the last
Various industry bodies have sought immediate government intervention through the imposition of anti-dumping duties, claiming India has seen a surge in imports of Chinese goods over the past two weeks.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
The reputed urban planner designed IIM-Bangalore, Tagore Memorial Hall, Aranya Low Cost Housing in Indore and private residence Kamala House in Ahmedabad among many others.
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
Grasim sprang to its 52-week high at Rs 448 early today, after the company decided to move towards acquiring L&T's cement business that is proposed to be de-merged.
Grasim Industries seems on a comeback trail as the market reckons that the company's consolidation in L&T will hold it in good stead.
Kumar Mangalam Birla spoke high of the Modi government during the summit.
PV Sindhu, Depika Padukone ensured Indian representation on the global front.
He designed some of India's most iconic buildings.
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