Cinemax India, country’s leading multiplex theatre operator, has decided to launch its three-screen multiplex at Cinemax - South X Mall at Kanpur in Uttar Pradesh.
The multiplex has total seating capacity of 999 seats including 75 recliner seats, which will be open to the patrons with screening of blockbuster movies.
The company stated in a communiqué that latest property has tax exemption benefit for five years.
One of the leading paint manufacturers in India, Kansai Nerolac Paints (KNPL) has said that it is going to infuse rupees 600 crore for enhancing its capacity. The increase is going to be to the tune of 50 per cent and will be done in the next three years time.
Besides this, the company is also going to appoint Bollywood star, Shah Rukh Khan as the new brand ambassador and he is going to promote the eco-friendly paints of the company.
The things are not going to be very rosy for the Indian banks in terms of mortgage. A report suggests that the total outstanding mortgage for the banks will be 40 trillion rupees by 2020. During this time, the margins will be forced to come down and that will put a lot of pressure on the profitability. This appeared in a report that appeared on Tuesday.
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