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New Delhi, Apr 21 () <keyword id="82073" type="COMPANY" weightage="20" keywordseo="Berger-Paints">Berger Paints</keyword> on Tuesday said it is honouring all hiring commitments given to lateral candidates and campus recruits prior to the imposition of nationwide lockdown to fight COVID-19 pandemic. The paints major also said it has decided against any involuntary furloughs or organizational restructuring that may lead to downsizing of headcount and consequent loss of livelihood during this time of widespread uncertainty due to coronavirus pandemic. "Berger has decided that all offers rolled out to campus recruits across India shall be honoured and no offer shall be revoked," the company said in a statement. In light of the uncertainty in the industry on account of the lockdown, campus recruits are being engaged with continuously to assure them of the sanctity of their job offer, it added. Similarly, the company said, "All hiring commitments given to lateral candidates prior to the nationwide lockdown being announced are being honoured and they are being paid salaries with effect from their pre-committed date of joining, even if the same falls within the lockdown window thereby preventing them from actually joining the organization." It further said salaries of all permanent or fixed-term employees have been disbursed in full and on time. "The company has also engaged with its service providers to ensure that salaries of their associates who are deployed in its facilities are also disbursed in a timely manner so that employees do not face any financial hardships on account of the current situation," it added. Commenting on the company's commitment, Berger Paints Managing Director and CEO Abhijit Roy said, "We are like one big but closely knit family and would fight this battle together. These are challenging times and might require small sacrifices from the entire family to sail through the crisis." He further said, "However, there won't be any retrenchments or involuntary furloughs. We are in this together and would emerge stronger as we come out of the COVID-19 crisis." The company said all new joinees are being "on boarded remotely from the comfort of their homes using conferencing tools such as Zoom or Microsoft Teams". Last week (13th April) Berger Paints India Ltd said it has come forward to help its 20,000 odd painting contractors across the country to tide over the coronavirus crisis through financial assistance as the ongoing nationwide lockdown to contain the COVID-19 outbreak is set tobe extended by two more weeks till April-end. The money will help contractors' families to get daily essentials and cater to any emergency at a time when their incomes have taken a hit as all painting activities came to "ascreeching halt with the lockdown in place", the company saidin a statement. The paint maker is providing an advance to them andthe support varies per contractor, it said. The average financial assistance per contractor isaround Rs 5,500, a company official said. Berger has already started the process of transferring money directly into the bank accounts of the contractors who have been associated with the company, the official said. More than 5,000 contractors have already received the financial support last week under the first phase of the programme. "The painting contractors have always been an integral part of the larger Berger family and we feel humbled that weare in a position to support them in this hour of need," thecompany's MD and CEO Abhijit Roy said. He also hoped that the government will take measuresto restart economic activity through ease of restrictions inareas unaffected by the coronavirus pandemic.

Berger Paints will honor all new recruitments and won't be firing even during lockdown

New Delhi, Apr 28 () Leading paint makers such as Kansai Nerolac Paints, AkzoNobel India and Berger Paints have come forward to extend financial help to painters, who are passing through a rough phase during the ongoing lockdown.The companies are providing financial aid to their painting contractors, most of whom are daily wagers and an important part of their business ecosystem, through crowd-funded endowment fund to direct cash transfer in their accounts.Kansai Nerolac Paints said it has announced to set up a crowd-funded endowment fund for its community of painters in association with India's largest and most trusted donation platform 'Give India'.The amount collected through this platform will be used to provide financial aid of up to Rs 7,000 each to those painters suffering from Coronavirus. Nerolac will also make a contribution of Rs 5,00,000 to set up the fund."The support and commitment of our painter community has helped us attain success through the years. The COVID-19 pandemic has impacted the lives of millions of daily-wage earners, including painters, bringing many under severe financial stress," Kansai Nerolac Paints Executive Director Anuj Jain said in a statement.He further said, "Through our association with a renowned platform such as 'Give India', we would like to urge citizens to contribute as much as they can for the safeguard of painter community. The amount collected will be used for the care of painters affected by this virus."Last month, Kansai Nerolac Paints Ltd had also announced an early disbursement of funds to its painter community falling under the Nerolac Premium Painter Pragati (NPP Pragati) Programme wherein over 30,000 painters benefited from the initiative, the company said.Meanwhile, AkzoNobel India has also announced to extend support to over 12,000 painters in the wake of COVID-19 outbreak by providing an out of turn pay-out through the annual loyalty programme – Colour Guru.As part of this initiative, direct online transfers are being made to the bank accounts of over 12,000 painting contractors."Painting contractors are a significant part of our ecosystem and their livelihood has been impacted by the pandemic. This early disbursement of funds is aimed at placing cash in the hands of painting contractors so that they are able to fulfil their essential needs and cater to any emergency during the extended lockdown period in India," said AkzoNobel India Managing Director Rajiv Rajgopal.Berger Paints India, which is helping its painting contractors associated with the company through financial assistance, has already started the process of transferring money directly into their bank account."The money would help these families in getting daily essentials and to cater to any emergency in a time when their incomes have taken a hit as all painting activities have come to a screeching halt with the lockdown in place," the company said.The company intends to cover more than 20,000 contractors across India with this activity, the company had said in a statement on April 13."The painting contractors have always been an integral part of the larger Berger Family and we feel humbled that we are in a position to support them in this hour of need. A lot of contractors have sent Whatsapp video messages to us appreciating the gesture. It's an overwhelming feeling," Berger Paints MD and CEO Abhijit Roy had said.Another firm, Asian Paints had committed Rs 35 crore towards COVID-19 Relief Fund, contributing to the central government as well as emergency relief funds operated by the state governments to combat COVID-19."As a socially responsible company, Asian Paints is committed to providing necessary support towards various relief measures announced by the government..." said Asian Paints Managing Director and CEO K B S Anand.According to Care Ratings, the Indian paint industry is estimated to be Rs 50,000 crore industry. Indian paint sector is broadly classified into two main segments - decorative and industrial.The decorative segment accounts for the majority of the industry's value which is around 75 per cent and the industrial segment accounts for the rest 25 per cent."Till FY17, organised players had a market share of about 65 per cent. However, post GST application, the organised players are recapturing market from unorganised players with share of organised players increasing to about 80 per cent now," it said.The top players in the organised sector are Asian Paints Limited, Kansai Nerolac Paints, Berger Paints India and AkzoNobel India -- which together account for about 68 per cent of the market share, it added.India is presently going through an extended lockdown period till May 3 as the government tries to curb the spread of coronavirus pandemic. COVID-19 has so far taken 937 lives in the country and infected a total of 29,974 people, according to the latest data by the Union Health ministry. KRH RKL MKJ

Lockdown: Paint industry comes forward to help painters during pandemic

Kolkata, Apr 13 () Berger Paints India Ltd onMonday said it has come forward to help its 20,000 oddpainting contractors across the country to tide over thecoronavirus crisis through financial assistance as the ongoingnationwide lockdown to contain the COVID-19 outbreak is set tobe extended by two more weeks till April-end.The money will help contractors' families to get dailyessentials and cater to any emergency at a time when theirincomes have taken a hit as all painting activities came to "ascreeching halt with the lockdown in place", the company saidin a statement.The paint maker is providing an advance to them andthe support varies per contractor, it said.The average financial assistance per contractor isaround Rs 5,500, a company official said.Berger has already started the process of transferringmoney directly into the bank accounts of the contractors whohave been associated with the company, the official said.More than 5,000 contractors have already received thefinancial support last week under the first phase of theprogramme."The painting contractors have always been an integralpart of the larger Berger family and we feel humbled that weare in a position to support them in this hour of need," thecompany's MD and CEO Abhijit Roy said.He also hoped that the government will take measuresto restart economic activity through ease of restrictions inareas unaffected by the coronavirus pandemic. BSMBDC BDC

Berger provides financial support for paint contractors amid lockdown

Kolkata, Apr 24 () As uncertainty over pay and jobsecurity is looming large over the country's industrial housesbecause of the Covid-19 triggered lockdown, coating majorBerger Paints on Friday said it has no plan for salary cuts,retrenchment or involuntary furlough for its employees.The company having 2,920 employees on its roll alsostated that there will be no impact of the crisis on newrecruitment offers."We are like one big but closely knit family andwould fight this battle together. These are challenging timesand might require small sacrifices from the entire family tosail through the crisis. However, there won't be anyretrenchments or involuntary furloughs," Berger Paints MD &amp;CEO Abhijit Roy said."Even in the current scenario, when our sales in Aprilplummeted to negligible levels and May business would dependon the (duration of) lockdown, the company will pay fullsalaries to its employees for April and May," Roy told when asked.The ongoing nationwide lockdown is scheduled to belifted on May 4.Berger said it has decided against any involuntaryfurloughs or organisational restructuring that may lead todownsizing of headcount and consequent loss of livelihoodduring the time of widespread uncertainty.The company had also engaged with its serviceproviders to ensure that salaries of their associates are paidto avoid hardships.The company has onboarded a total of 21 lateralemployees in management andnon-management levels in April andthe induction process of more than 100 campus offers is slatedto begin shortly, Berger said.They had been assured that the job offers, includingsalary benefits, would not be revoked even though the lockdowndelays their joining.On the resumption of plant operations, the companysaid it is closely working with various state authorities andcurrently the plants in Assam, Goa, Pondicherry and Gujaratare in line to get started with a capacity of 30 per cent withstrict adherence to the MHA directives. BSMNN NN

Berger says no to job or salary cut during coronavirus crisis

Giving wings to its overseas expansion, paint major <keyword id="106317" type="CITY" weightage="20" keywordseo="Asian-Paints">Asian Paints</keyword> Limited has forayed into the Indonesian market by launching PT Asian Paints Indonesia. The new company is a wholly-owned subsidiary of <keyword id="2704330" type="UNKNOWN" weightage="20" keywordseo="Berger-International-Limited">Berger International Limited</keyword>, Singapore, which in turn is an indirect subsidiary of the Asian Paints. 
	 
	“We will also set up a manufacturing plant with a capacity of 24,550 ton in the country. However, this will be executed only after the company receives the requisite regulatory approvals,” the company told the National Stock Exchange (NSE) in a letter dated January 29, 2015. 
	 
	The company has also applied for another approval for incorporating another company in Indonesia. “We have also put in a second application for investment approval with Badan Koordinasi Penanaman Modal (BKPM), the Investment Coordinating Board of Republic of Indonesia, for incorporating a second company in Indonesia which will engage in import of finished goods including decorative paints, other coatings and related items for sale in Indonesia. BKPM has issued a principal license approving the said investment application,” added the company. 
	 It should be noted that other paint companies have been looking at expansion in foreign markets especially in the Southeast Asian markets. Interestingly, earlier this month, another paint major, <keyword id="1430790" type="UNKNOWN" weightage="20" keywordseo="Nerolac-Paints">Nerolac Paints</keyword> has entered into a joint venture with Maharaja Group in Sri Lanka. 
	 
	Image Credit: Official Website of the Company

Asian Paints
Forms New Company In Indonesia

<ul><li>The S&amp;P BSE Midcap Index was trading more than 1% higher at 11,340.90 points at 2 pm. </li><li>The shares of PNB Housing Finance Limited were trading nearly 11% higher during the trade on August 18.</li><li>The shares of CG Power and Industrial Solutions hit 5% upper circuit on August 18.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>The overall market has been trading in the green today. Both Sensex and Nifty were up nearly 1% at 2pm, though they had pared their morning gains a tad. One index that has been a performer today is the Midcap Index, which has been holding up The S&amp;P BSE Midcap Index was trading more than 1% higher at 11,340.90 points at 2 pm. Here’s a quick look at the gainers of S&amp;P BSE Midcap Index PNB Housing <div type="image" title="PNB Housing August 18" msid="77609821" hostid="261"></div> The shares of PNB Housing Finance Limited were trading nearly 11% higher during the trade on August 18 ahead of its board meeting tomorrow to consider fundraising. “A meeting of the Board of Directors of PNB Housing Finance Limited (the “Company”) is scheduled to be held on Wednesday, August 19, 2020, to consider fundraising by the company, and the mode thereof, by the issue of Equity Shares and/or other securities through any permissible modes, as may be considered appropriate, subject to such approvals as may be required,” the company said in a filing to stock exchanges. Berger Paints <div type="image" title="Berger Paints August 18 new" msid="77609965" hostid="261"></div> The shares of Berger Paints were trading nearly 4% higher during the trade on August 18 after reports surfaced that the Berger’s CEO is expecting double-digit growth in August. “Just before COVID-19 (pandemic), things had slowed down in the third and fourth quarter. Compared to that we are better off and probably some demand has shifted from April and has not got destroyed”, says <a href="https://economictimes.indiatimes.com/markets/stocks/news/expecting-a-double-digit-growth-in-august-berger-paints/videoshow/77594252.cms">Abhijit Roy, MD &amp; CEO, Berger Paints told ET Now</a>. CG Power and Industrial Solutions <div type="image" title="CG Power" msid="77610037" hostid="261"></div> The shares of CG Power and Industrial Solutions hit 5% upper circuit on August 18 minutes after opening as the Singularity Holdings acquired 35 lakh shares of the company at ₹13.95 per share and the Blue Diamond Properties bought 4,12,93,778 shares of ₹13.97 per share. There were pending orders of 4,822,841 shares to buy, with no sellers available. GPT Infraprojects Ltd <div type="image" title="GPT infra" msid="77610111" hostid="261"></div> The shares of GPT Infraprojects Limited gained over 10% after the company announced that it had bagged an order valued at ₹196.30 crores. Railway Vikas Nigam, Kolkata has awarded the contract, which involves the construction of Metro Railway Viaduct and Ramp at Joka Depot end in connection with Joka Esplanade Metro Railway Project in Kolkata. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/tata-motors-sbi-card-bandhan-bank-ril-britannia-sbi-cards-share-price-are-top-movers-on-dalal-street-today/articleshow/77605529.cms" data-type="tilCustomLink">Top stock movers on Dalal Street today — Tata Motors, SBI Card, Bandhan Bank, RIL, Britannia</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-today-ril-sbi-cards-hal-manappuram-airtel-bandhan-bank-britannia/slidelist/77603872.cms" data-type="tilCustomLink">Top stocks to watch today— RIL, SBI Cards, HAL, Manappuram, Airtel, Bandhan Bank and more</a>

Here's a look at top midcap gainers today— PNB Housing, Berger Paints, CG Power, GPT Infraprojects

<ul><li>Shares of most paint makers have fallen in the last five days after one of the leading players, Asian Paints, reported a slowdown in profit on concerns over rising raw material prices.</li><li>Moreover, the market leader expects the increase in raw material prices to persist for some more time, which will eventually impact profits.</li><li>Raw material prices have been pushed up due to the high crude oil prices</li></ul>More than the excitement for anticipated demand during Diwali, an Indian festival, paint manufacturers are worried about the rising raw material prices hitting their profitability. The concern over rising costs elevated after one of the leading players, Asian Paints, reported a fall in profit due to high raw material prices, which is further expected to remain high for some time. Raw material prices have been pushed up due to the high crude oil prices. Note that half of the material used by paint companies are crude oil derivatives. Asian Paints reported a decline in net profit to ₹595 crore in September, below analysts’ expectations. "Steep inflation seen in raw material prices, since the beginning of this calendar year, has been phenomenal and has impacted gross margins across all businesses in the quarter," said Amit Syngle, managing director and chief executive of Asian Paints in a statement to an exchange on October 21. The commentary on rising cost inflation hit shares of other paint makers fearing slowdown in profitability in the near term. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Paint manufacturers </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Returns in 5 days </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Berger Paints </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-14% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Kansai Nerolac </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pidilite Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-9% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Shalimar Paints </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-7% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Indigo Paints </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-3% </td></tr></tbody><tbody></tbody></table> “Higher input prices will keep margins of the paint companies in the near term,” said a report by broking house Sharekhan. Adding to it, global chip shortage could impact supply of tinting machines which are key for paint dealers. The chip shortage could <a href="https://www.livemint.com/market/mark-to-market/paint-manufacturers-may-face-disruption-from-chip-shortage-11632765366605.html">reportedly</a> impact the supply of tinting machines and the expansion plans of paint companies. These machines help shops create different shades of paints within the store, in line with the requirement of customers. Dealers who use tinting machines do not have to hold large amounts of shades in stock. “We expect delays in (the supply of) tinting machines to remain for a few quarters for most paint companies. We expect less impact on top two companies, Asian Paints and Berger Paints, as they already have a high tinting machine penetration compared to smaller peers," said analysts at Edelweiss Securities, <a href="https://www.livemint.com/market/mark-to-market/paint-manufacturers-may-face-disruption-from-chip-shortage-11632765366605.html">reportedly</a>. With steep inflation in input costs weighing on profitability, paint companies may announce further price hikes and pass on the burden to consumers. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-lost-subscribers-for-the-first-time-in-10-quarters-but-theres-good-news-for-mukesh-ambani-in-this-too/articleshow/87251614.cms">Reliance Jio lost subscribers for the first time in 10 quarters but there's good news for Mukesh Ambani in this too</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/bad-loans-at-icici-bank-have-never-been-this-low-in-the-last-seven-years/articleshow/87250046.cms">Bad loans at ICICI Bank have never been this low in the last seven years</a>

Paint makers stress over high raw material costs and fewer tinting machines even as festive demand picks up

<ul><li>The SGX Nifty was trading 0.24% lower at 7:32 am, indicating a subdued start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Despite positive cues from the western markets, the Indian equities may open on a cautious note on Friday. The SGX Nifty was trading 0.24% lower at 7:32 am, indicating a subdued start for Nifty50. The US stock markets soared on Thursday, led by a rally in tech and healthcare stocks, as the <a href="https://www.businessinsider.in/stock-market/news/dow-climbs-370-points-as-likely-divided-government-extends-healthcare-and-tech-rallies/articleshow/79065261.cms">dwindling prospects of a Democratic sweep</a> lifted sectors prone to regulation. The Dow Jones Industrial Average closed 542 points higher, and the S&amp;P 500 gained 1.9%. These are the stocks to watch out for during the trading session on November 6: Reliance Industries Limited (RIL) Mukesh Ambani-owned Reliance Industries (RIL) garnered over ₹9,555 crore from <a href="https://www.businessinsider.in/business/news/mukesh-ambani-cashes-in-yet-another-cheque-from-pif-saudi-arabia-sovereign-fund-to-invest-1-3-billion-in-reliance-retail/articleshow/79061345.cms">Saudi Arabia Public Investment Fund</a> for a 2.04% stake in Reliance Retail Ventures. The shares of RIL ended 2.28% higher on Thursday. <keyword id="45417" type="COMPANY" weightage="20" keywordseo="Adani-Power">Adani Power</keyword> Adani Power posted a good quarter. Its consolidated net profit surged manifold to ₹2,228.05 crore in the quarter ended September 30, mainly on account of improved income. The company had clocked a net profit of Rs 3.88 crore in the year-ago period. The shares of Adani Power ended 0.41% higher on Thursday. <keyword id="2834858" type="COMPANY" weightage="20" keywordseo="Minda-Corp">Minda Corp</keyword> Minda Corp will allot 1.19 crore shares on a preferential basis to PHI Capital Trust. The shares will be allotted at a price of ₹70 a piece, aggregating up to ₹83 crore. The shares of Minda Corp ended 6% higher on Thursday. <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">Inox Leisure</keyword> The board of cinema hall giant Inox Leisure approved raising up to ₹250 crore via equity or other securities. The shares of Inox Leisure ended 4.5% higher on Thursday. Dalmia Bharat Cement maker Dalmia Bharat reported an over six-fold increase in its consolidated net profit at ₹232 crore for the second quarter ended September 2020, helped by higher sales volume. Its revenue from operations was up 7.78% at ₹2,410 crore during the quarter under review. The shares of Dalmia Bharat ended 6% higher on Thursday. <keyword id="82073" type="COMPANY" weightage="20" keywordseo="Berger-Paints">Berger Paints</keyword> Berger Paints India reported an increase of 13.55% in its consolidated net profit to ₹221.05 crore for the second quarter ended September 2020. Its revenue from operations was up 9% at ₹1,742.55 crore during the quarter under review. The shares of Berger Paints ended 2% higher on Thursday. Birla Corporation Birla Corporation reported an increase of 87% in its profit at ₹166.62 crore in the second quarter ended September 30. The company said that good performance had been due to cost rationalisation and recovery in demand in key markets. The shares of Birla Corporation ended 0.73% higher on Thursday. <keyword id="6357073" type="UNKNOWN" weightage="20" keywordseo="ITC">ITC</keyword>, <keyword id="6357157" type="UNKNOWN" weightage="20" keywordseo="cipla">Cipla</keyword>, Ashok Leyland, BHEL, Tata Consumer and Aditya Birla Fashion ITC, Cipla, Ashok Leyland, BHEL, Tata Consumer and Aditya Birla Fashion are slated to report their quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/politics/world/news/heres-when-you-can-expect-more-data-from-each-state-in-the-next-few-hours/articleshow/79065787.cms" data-type="tilCustomLink">Here's when you can expect more data from each state in the next few hours</a> <a href="https://www.businessinsider.in/india/news/china-bans-entry-of-foreign-nationals-from-india-citing-spike-in-covid-19-cases/articleshow/79062691.cms" data-type="tilCustomLink">China bans entry of foreign nationals from India citing spike in COVID-19 cases</a>

Top stocks to watch — RIL, ITC, Cipla, Adani Power, Inox Leisure, Berger Paints, Minda Corp, and others

<ul><li>At 7:49 am the SGX Nifty was trading 0.69% higher, indicating a positive start for Nifty50.</li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amid positive cues from Asian markets, the Indian stock market is likely to open in green. At 7:49 am, the SGX Nifty was trading 0.69% higher. Other Asian markets are also trading in the green — Hong Kong’s Hang Seng Index was up 0.60%, and the Shanghai Composite Index was up nearly 0.18%. These are the stocks to watch out for during the trading session on September 28: Hero MotoCorp According to<a href="https://www.timesnownews.com/business-economy/companies/article/harley-davidson-close-to-deal-with-indias-hero-motocorp-after-stopping-local-manufacturing-sources/657938"> media reports</a>, the US bike maker Harley Davidson is in talks with the Indian two-wheeler major Hero MotoCorp to enter into a distribution arrangement that will allow the Indian company to import and sell Harley bikes as its sole distributor. The shares of Hero MotoCorp ended 3% higher on Friday. SBI and Future Group stocks Media <a href="https://www.thehindubusinessline.com/money-and-banking/biyani-close-to-deal-with-sbi-to-future-proof-insurance-arms/article32709290.ece">reports </a>suggest that as a part of a plan to cut down on debt, the Kishore Biyani-owned Future Group companies are set to ink a deal with State Bank of India for the sale of both the general and life insurance segments. This may move other Future Group stocks as well such as — Future Lifestyle, Future Retail and Future Enterprises. Reliance Industries (RIL) Silver Lake Partners has <a href="https://www.businessinsider.in/retail/news/reliance-retail-raises-1-billion-from-silver-lake-valuing-the-chain-at-57-billion/articleshow/78009435.cms">picked up 1.75% stake</a> in the retail arm of Mukesh Ambani owned RIL. The company invested ₹7,500 crore into its arm Reliance Retail Ventures Ltd (RRVL). The shares of RIL ended 1% higher on Friday. NTPC Ltd The state-owned NTPC Ltd said it has successfully synchronised a 660-MW unit of its supercritical thermal power plant in Bihar with the grid. The company said it would help the commercial generation of electricity from it. The shares of NTPC ended 2.36% higher on Friday. Videocon Industries ad BPCL The state-owned Bharat Petroleum (BPCL) has been forced to pay for its defaulting partner Videocon Industries after it had relied on a rarely used model to acquire a stake in five oil blocks in Brazil, according to <a href="https://energy.economictimes.indiatimes.com/news/oil-and-gas/bpcl-pays-for-defaulting-videocon-in-brazil-oil-block/78355979">reports</a>. The shares of Videocon Industries ended 5% lower on Friday, whereas BPCL shed nearly a percent. Sun Pharma The drug major Sun Pharma in its Annual Report for 2019-20 said the company is looking to expand its speciality business across different regions like Greater China and Japan after having established presence in the US market. The shares of Sun Pharma ended 0.72% higher on Friday. Berger Paints India’s second-largest paint maker, Berger Paints said that despite the coronavirus uncertainty its capital expenditure for this fiscal year remains unaffected and will be the same as last year. The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore, and the plant is expected to be operational from 2022 onwards. The shares of Berger Paints ended 0.88% higher on Friday. Vodafone Idea The telecom regulator TRAI has decided to drop proceedings against Vodafone Idea in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering. The shares of Vodafone Idea ended 12% higher on Friday. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-cams-ipo-share-allotment-status/articleshow/78311094.cms" data-type="tilCustomLink">CAMS IPO allotment: Here’s how to check share allotment status</a> <a href="https://www.businessinsider.in/business/auto/news/the-list-of-global-auto-companies-exiting-india-in-last-five-years-including-harley-davidson-fiat-and-general-motors/slidelist/78315633.cms" data-type="tilCustomLink">Harley Davidson is the latest to join the list of global auto companies exiting India in last five years — Here’s a closer look</a> <a href="https://www.businessinsider.in/stock-market/news/heres-how-to-check-chemcon-speciality-chemicals-ipo-share-allotment-status-online/articleshow/78328884.cms" data-type="tilCustomLink">Chemcon IPO allotment: Here’s how to check share allotment status</a>

You Searched For "berger paints during lockdown" and got 9 results

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Asian Paints Forms New Company In Indonesia

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Paint makers stress over high raw material costs and fewer tinting machines even as festive demand picks up

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