The initial wage negotiations, which started during late-August 2012, remained inconclusive and fell apart on January 21. The matter was referred to the Deputy Labour Commissioner of the region for further deliberations.
Representatives of employees at the Gurgaon facility on Wednesday said workers would stop cooperating with engineers and supervisors from Thursday.
The initial wage negotiations between workers and management of two-wheeler major Hero MotoCorp's Gurgaon plant remained inconclusive on Monday and the matter has now been referred to Haryana Deputy Labour Commissioner for further deliberations.
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
In the Sensex pack, Yes Bank, IndusInd Bank, Infosys, ICICI Bank, TCS, SBI, Reliance Industries, ONGC, Axis Bank and NTPC rose up to 2.66 per cent.
Amid rising petrol prices, two-wheeler makers such as Mahindra & Mahindra, TVS Motors, Hero MotoCorp and Bajaj Auto are stepping up research to develop engines run on diesel or other fuels.
Supporting the all India strike called by 11 trade unions, Suzuki Motorcycle India Employee Union President Anil Kumar said: "As many as 27 workers unions of different factories in the Gurgaon, Manesar, Dharuhera and up to Bawal have agreed to go on strike for a day. So, there will be no production at our plant tomorrow."
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
The workers at Hero's Gurgaon unit were agitating since December last year for higher wages
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Car and two-wheeler makers are giving India's largest auto hub the miss, thanks to prolonged labour unrests.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
Losers included Bharti Airtel, SBI, Wipro, Vedanta, Maruti Suzuki, ICICI Bank, Axis Bank and Reliance Industries, falling up to 2.18 per cent.
Honda Motorcycle is on a roll, launching new motorcycles now and then. The Japanese automaker plans to take the numero uno position from Hero MotoCorp by 2020 in the Indian market and is planing a slew of launches in the coming years. One such motorcycle to be launched in India next year is the Honda CRF250L.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
The rally was led by IT stocks, with TCS and Infosys rising up to 5 per cent. Yes Bank, on the other hand, was the biggest loser on both the bourses, cracking nearly 12 per cent
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
Having reached the company's authorised outlets already, the Hero Passion XPro is available in five variants with their prices ranging from Rs 46,800 to Rs 51,800.
This partnership will help us improve our own capability, says Munjal.
Here's a look at the major features of these 150cc machines to help you choose the motorcycle that suits you the most.
The NSE Nifty ended 55.75 points, or 0.57 per cent, higher at 9,912.80 after moving between 9,925.75 and 9,882.
Tiger Woods said the response to his maiden trip to India was nothing short of phenomenal.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
The company's operations are slated to commence in Burkina Faso and Ivory Coast next week.
Nearly 400 stocks hit their 52-week low on BSE on Thursday.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
Workers at Satyam Auto and Rockman Industries, two leading auto parts suppliers to India's largest two-wheeler company, Hero MotoCorp, have been on strike for the past two weeks. They have come together to press for better wages and a workers' union.
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Can paying Akshay Kumar Rs 50 crore to become brand ambassador for the 100cc commuter bike, the Dream Yuga, help Honda Motorcycle & Scooter India (Private) Ltd take the number one position by displacing Hero MotoCorp's hot-selling splendor? Of course not, feels biking enthusiast and blogger Faisal Ali Khan.
According to trade experts Hero MotoCorp's Maestro is going to give a tough competition to Honda Activa.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Indian biggies like Mahindra and Hero MotoCorp apart from BMW and Audi have lined up to buy Ducati from its current owner Investindustrial which is looking to sell the superbike company to a more stable automobile house. Watch this space to find out who the suitor will be.
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
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