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Grasim Industries to enter paints business, invest Rs 5,000 crore in 3 years Grasim says its entry in the paints sector will add size, scale, diversity and stability to cash flows of the existing business portfolio of the company BusinessToday.In | January 22, 2021 | Updated 23:35 IST Grasim Industries to enter into the paints business Grasim Industries, a part of Aditya Birla Group, on Friday announced it has entered into the paints business, which is currently dominated by established players like Asian Paints and Nerolac. The company will make an initial investment of 5,000 crore over the next 3 years, primarily towards capital expenditure. The textile manufacturer says that its entry in the paints sector will add size, scale, diversity and stability to cash flows of the existing business portfolio of the company. The Aditya Birla Group flagship company believes that this sector is likely to be value accretive to its shareholders. ....
Seaport”) ruled that the Inland Revenue Board (“ IRB”) Introduction In the case of Seaport, the Johor Bahru High Court allowed a taxpayer s application for judicial review against the Director General of Inland Revenue (“ DGIR”). However, the Johor Bahru High Court did not quash the decision of the DGIR but instead, granted a prohibitory order to prohibit the DGIR from taking any steps to enforce its decision against the taxpayer pending further appeals on the High Court s decision and/or the determination of the merits of the DGIR s decision by the Special Commissioners of Income Tax. Background The Applicant was appointed by the Johor State Government as the ....
Commercial Engineers & Body Builders announces change in CIN business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.