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American inventor Elisha Graves Otis built the first safety elevator in 1952. In the 1870s, Otis entered Europe. Its elevators were installed at the Kremlin, Balmoral Castle, the Hungarian Royal Palace and the Eiffel Tower. In the early 1900s, the Buckingham and the Mysore Palaces were also home to Otis elevators
Berger Paints India will invest ₹200 crore as capex for FY-18, its MD and CEO, Abhijit Roy said on Friday, on the sidelines of their 93rd annual general meeting.
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Berger Paints looking to expand only in ‘related’ areas immediately, will not launch products like wall tiles or laminates in the foreseeable future, says CEO Abhijit Roy
Berger Paintssays looking to get into similar arrangements with other foreign paint makers to expand its product range
Called “Berger”, this brand will encompass all sub-brands including those which did not belong to the erstwhile Sherwin Williams India stable. Currently, the Kolkata-based paint maker has different brand names like Berger and BJN Paints India, while some of its offerings carry logos of Sherwin Williams.
Berger Paints India is planning to foray into new product categories especially in the industrial segment. The company is eyeing an entry into auto-refinish and marine paints through joint ventures that are likely to be finalised by the end of this fiscal.
Shares of Berger Paints India rose 2.7 percent intraday Tuesday after its subsidiary signed a memorandum of business exploration with NBCC.
In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the memorandum of understanding (MoU) that is signed with Chugoku Marine Paints.
Berger Paints India, a major manufacturer of paints and varnishes operates in diverse segments, such as decorative, automotive, industrial, powder and protective coatings. It caters to both the domestic and international markets.
Berger Paints India and Chugoku Marine Paints of Japan have entered into a Memorandum of Understanding on Tuesday, for co-operation and collaboration in the field of marine and related industrial paints in India.
Berger Paints India Ltd has entered into a MoU with Chugoku Marine Paints of Japan for “cooperation and collaboration” in the field of marine-related industrial paints in the country.
Kotak Mahindra Bank said that the banks board of directors has scheduled a meeting on 30 March 2017 to consider raising of equity capital by the bank through rights issue, private placement, follow-on public offering (FPO), Qualified Institutions Placement (QIP), Global Depository Receipts (GDR), American Depository Receipts (ADR) or through any other permissible mode or a combination thereof, as may be considered appropriate.
NEW YORK, Jan. 17, 2017 /PRNewswire/ -- Decorative paints are liquids, mixtures, or composites which, when applied on surfaces, get converted into a thin film or layer. Decorative paints play an important role in the construction and architecture sector, where they are used to embellish the interiors as well as exteriors of buildings with various finishes such as matte finish, eggshell and satin, gloss and semi-gloss, etc.
Extending intraday gains, the key benchmark indices hit fresh intraday high in early afternoon trade. At 12:15 IST, the barometer index, the S&P BSE Sensex, was up 255.23 points or 0.97% at 26,622.71. The Nifty 50 index was currently up 74.60 points or 0.92% at 8,178.20. Both the Sensex and the Nifty hit their highest levels in over two weeks. The broad market depicted strength. Positive Asian stocks and steady buying by domestic institutional investors boosted sentiment on the domestic bourses.
Berger Paints India rose 2.01% to Rs 213.65 at 10:00 IST on BSE after the company's promoter entities rejigged their holding in the company via block deal mechanism on the stock exchanges.
If the liquidity crunch following demonetisation is affecting volumes, higher costs in wake of Opec oil production cuts can affect margins if companies decide to absorb the cost
Key benchmark indices extended losses and hit fresh intraday low in morning trade. At 10:21 IST, the barometer index, the S&P BSE Sensex was down 71.81 points or 0.26% to 27,358.47. The Nifty 50 index was currently down 22.80 points or 0.27% at 8,462.15.
Berger Paints India's consolidated net profit rose 55.35% to Rs 138.78 crore on 8.48% rise in total income to Rs 1289.75 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 3 November 2016.
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Berger Paints India will set up a mixing plant in Gujarat with a maximum capacity of 2,400 kl per year, the company informed the exchanges on Friday. The plant will come up near the existing factory of the company’s subsidiary Beepee Coatings Pvt Ltd, at Vallabh Vidhyanagar in Gujarat, Berger Paints said in the exchange filing. The paint-maker did not disclose the investment amount and the time period envisaged for setting up the plant.
Investors with a short-term perspective can consider selling the stock of Berger Paints India at current levels. Since taking support at around ₹160 in March 2016, the stock has been on a medium-term uptrend.
Berger Paints is building a facility at Nalbari near Guwahati in Assam to produce distemper and wall putty
Operating profit during the quarter grew sharply by 34.5 percent to Rs 195.09 crore and margin expanded by 278 basis points to 15.66 percent on yearly basis due to lower raw material cost, though other expenses jumped 23 percent.
Investors with a short-term perspective can consider buying the stock of Berger Paints India at current levels. The outlook for the stock is bullish. The stock rose 2 per cent on Tuesday breaking above an important near-term resistance at ₹230. The upmove that had begun during the last week of June at around ₹195 halted at ₹234 on July 11. However, the pull-back from this high was short-lived as the stock found support near ₹218 and consolidated between ₹218 and ₹230.