Asian Paints announced that operations at its paint plant situated at Sriperumbudur in Tamil Nadu, has returned to normalcy. Earlier on 29 April 2015, the company had informed about the operations at the plant getting affected due to the cessation of work by the operators belonging to Asian Paints Employees' Union with effect from 28 April 2015. The announcement was made after trading hours on Friday, 10 July 2015.
Shares of Supreme Industries may edge lower after the Reserve Bank of India (RBI) on Friday, 10 July 2015, imposed restrictions on further purchases of the equity shares of the company by foreign institutional investors (FIIs)/Registered Foreign Portfolio Investors (RFPIs). The RBI said that the trigger limit of 22% holding of FIIs has already reached in Supreme Industries and therefore further purchases of the equity shares of the company by FIIs/RFPIs will be allowed only after obtaining prior approval of the RBI.
On a consolidated basis, Sintex Industries' net profit rose 12.03% to Rs 69 crore on 10.52% increase in total income to Rs 1489.79 crore in Q1 June 2015 over Q1 June 2014. The result was announced on Saturday, 11 July 2015.
Akzo Nobel India announced that Himanshu Agarwal, Wholetime Director and CFO will be leaving the services of the company after the Annual General Meeting in August 2015 to pursue an external opportunity. The announcement was made after trading hours on Friday, 10 July 2015.
Essar Ports will be watched. With reference to the news captioned "Essar Ports may sell stake to APM Maersk of 49% for $1.5 bn", Essar Ports clarified after trading hours on Friday, 10 July 2015, that as on date there is no event, information or development in the company, which is required to be intimated as per Clause 36 of the listing agreement.
Powered by Capital Market - Live News
