Central Excise - Kerosene used for extraction of paraffin retrospective exemption to returned kerosene no unjust enrichment refund entitled : Madras High Court
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
Most analysts as well as company executives say the rally in commodity prices is ill-timed coming just when firms were recovering from disruptions such as demonetisation & introduction of GST
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Now with 13-14 million-tonne capacity, Nirma will emerge as a serious player in India's cement landscape.
Small and medium enterprises had complained of tedious compliance burden under the Goods and Services Tax
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.