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Kansai Nerolac to invest rupees 600 crore in production enhancement

Kansai Nerolac to invest rupees 600 crore in production enhancement

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.

Indian banks set to see outstanding mortgage of 40 trillion rupees

Indian banks set to see outstanding mortgage of 40 trillion rupees

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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