Grasim Industries, part of the Aditya Birla Group, enters the paint business with the launch of Birla Opus, intensifying competition in the decorative paints sector. Grasim aims to become a profitable No. 2 player, doubling its planned investment to Rs 10,000 crore for paints in FY23. The Indian paints and coatings industry is expected to grow to Rs 1 lakh crore in the next five years.
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Ranchi: All 326 first-year students of IIM-Ranchi have acquired summer-internship assignments through campus offers barring two who got their offers off-campus.
Around 134 companies, including Aditya Birla Paints, Britannia, Capgemini, Cognizant, Cummins, DE Shaw, Deloitte, Emami Agrotech, Flipkart, Google, ICICI Bank and JP Morgan participated in the online internship placement drive organised by the institute.
The IIM also said, “The average stipend for the MBA batch has been increased by 2% and stands at Rs 97,502 for the two-month-long internship. Average stipend for MBA HR students is 1,00,694, which is again higher than last year.”
The management said that despite the uncertainties posed by the Covid-19 pandemic, the entire summer internship assignment was conducted smoothly online under the supervision of the IIM’s placement cell.