Production has crippled at Bajaj Auto's Chakan plant in Maharashtra following a labour strike which entered its third day today.
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The notice also said service tax amounting to Rs 28.08 crore (Rs 280.8 million), in addition to education cess of Rs 56 lakh and secondary and higher education cess of Rs 28 lakh (Rs 2.8 million) for the period between October 2007 and September 2012, should be recovered from Amity under the provision to sub-section 1 of section 73 of the Finance Act.
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
The company adopted the scheme from parent Suzuki, where employees are rewarded for making suggestions to improve productivity and cut wastage.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
A large part of this investment, about Rs 5,000 crore (Rs 50 billion), would go to the Paradip refinery
Nissan, Japan's third largest auto maker and Renault, France's second largest car maker, share vehicle platforms, engines and several components to meet economies of scale and generate volumes in India, where they use a common manufacturing facility in Chennai.
Oil marketing companies decrease distribution & production of fuel brands after huge drop in demand.
Ford India head, Joginder Singh, is confident that the new SUV will reverse the trend of falling sales.
The Mumbai-based firm has lost almost 10 percentage points in market share since 2009-10, even as other brands have fought hard to wrest share away.
The issues unions have been pursuing aggressively include forced suspensions, flexible work conditions, recognition of a union and salary parity for contract workers.
RIL also reported measures taken to check falling output in the KG-D6 field.
B-schools cite high inflation and rising operational costs behind the move.
Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor Company, Hero Motocorp, Bajaj Auto and Maruti Suzuki, for whom Sri Lanka is a key export destination, are experiencing a significant slowdown in demand following the import duty hikes, which have made their vehicles very expensive in the island nation.
Analysts say models that recorded healthy demand earlier are now luring customers with discounts and consumer benefit schemes.
Move made to allign its production with sales demand
Even as it is struggling to run its existing plants at half their capacity, due to dwindling sales, Ford India is pressing ahead with its Rs 4,000-crore vehicle and engine plant in Gujarat.
Amid stalled wage renewal talks, union functionary suspended, triggering work stoppage.
On January 17, when the government decided to allow state-owned oil companies to sell diesel at market price to bulk consumers, companies in the alternative energy space saw the opening of an opportunity.
Workers at utility vehicle major Mahindra & Mahindra's Nashik facility on Tuesday issuing a notice to the management to go on strike on or after March 11, if their demands for higher wages were not settled by the company.
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