"Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets," said CLSA s analysts Aditya Soman and Vatsal Dujari in a client note. ".we believe near term its growth and margins will not be immune to this competitive pressure although it may maintain its long-term market position."
The natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.
The natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.
Billionaire banker Uday Kotak sprang a surprise over the weekend, announcing he was stepping down as the managing director and chief executive of Kotak Mahindra Bank, an institution he founded over three decades ago.
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