'I think that kind of change is coming. We should stay prepared for that change, whichever industry or sector we are in, we must be prepared.'
Fortis Healthcare on Thursday said it has inked a pact with the VPS Group to acquire Manesar-based Medeor Hospital for Rs 225 crore. The healthcare major said it has signed definitive agreements to acquire Medeor Hospital for an overall purchase consideration of Rs 225 crore. The hospital has a potential capacity of 350 beds and can be operationalised in a phased manner in around nine months, it added.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
Robert Vadra, brother-in-law of Congress leader Rahul Gandhi, appeared before the Enforcement Directorate (ED) for the third consecutive day on Thursday for questioning in a money laundering case linked to alleged irregularities in a 2008 Haryana land deal. The ED has been investigating Vadra in connection with a land deal in Haryana's Manesar-Shikohpur, where a company he was a director of purchased land from Onkareshwar Properties and later sold it to DLF for a significantly higher price. The case has been embroiled in controversy since 2012, with allegations of corruption and nepotism surrounding the deal. The ED is expected to file chargesheets in all three cases being investigated against Vadra.
Robert Vadra, the brother-in-law of Congress leader Rahul Gandhi, appeared before the Enforcement Directorate (ED) for the second consecutive day on Tuesday in connection with a 2008 land deal in Haryana linked to a money laundering case. Vadra, who was accompanied by his wife Priyanka Gandhi Vadra, was questioned for about five hours and his statement was recorded by the ED. The session will resume on Wednesday. Vadra has termed the ED action "political vendetta." The probe against Vadra is linked to a land deal in Haryana's Manesar-Shikohpur, where a company named Skylight Hospitality Pvt Ltd, of which Vadra was a director, purchased a 3.5-acre land in 2008. The company later sold the land to realty major DLF in 2012, which led to controversy after an IAS officer cancelled the mutation, deeming the transaction as violative of state consolidation Act and related procedures.
Vadra has been questioned multiple times by the federal probe agency in a different money laundering case.
Alleging misconduct by its permanent workers, labour unions and contract staff, the plant management informed all stakeholders, through a notice, that starting Monday "normal operations" at the plant are being suspended.
The intensity of power crisis this season has hit a new high with average coal stock dipping to less than eight days. The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge. As the scorching heat wave and the lengthy power cuts intensify in Haryana, the usually bustling labour chowk of the Industrial Model Township (IMT) of Manesar wears a deserted look.
The stand-off at the facility, which employs around 1,900 permanent workers and 2,500 contract workers, began on November 5 morning when the company management did not allow some of the contractual workers to go inside the plant.
The NHRC has observed that the content of the news report, if true, raise a serious issue of human rights of the workers in violation of the labour laws and the guidelines issued by the Union Ministry of Labour and Employment from time to time.
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
Company has taken preliminary tests of 1,181 candidates from state ITI.
Maruti Suzuki India on Thursday said it will hire about 500 workers in this fiscal for the second unit at Manesar facility that was operationalised last year.
In the last two days, the company had done the ground work for resumption of work in the press, weld and paint shops by bringing in additional workers.
Maruti Suzuki India Ltd (MSIL), the largest passenger vehicle manufacturer in India, has set a road map to expand its global presence by targeting exports of 800,000 units by the end of this decade -- almost double the approximately 280,000 units sent abroad in 2023-24, Rahul Bharti, executive director, corporate affairs, told Business Standard. The company's upcoming electric vehicle (EV) strategy is expected to play a crucial role in its global ambitions.
After the July 18 violence at the Manesar plant in which one senior executive was killed, the company had fired 546 workers.
The nine-month-old labour agitation at Everest Industries Ltd's plant in Nashik took a violent turn on Friday as three management officials of the company were stabbed.
A group of casual workers have been sitting in front of the Manesar plant, asking the company to let them rejoin work.
Maruti chairman R C Bhargava tells Sharmistha Mukherjee that there won't be a reduction on its dependence on the facility in Haryana.
The company has been gradually ramping up production at the plant, which had been locked out for a month following the July 18 violence in which one senior official was killed.
Chairman of Japan's Suzuki Motor Corporation Osamu Suzuki on Monday visited the violence-hit Manesar plant of the company's Indian arm Maruti Suzuki.
The country's largest car-maker has also issued termination notices to 500 regular workers.
According to sources in the know, nearly 25,000 workers from Honda Motorcycle and Scooter India, Suzuki Powertrain India, Gurgaon-based Maruti Udyog Kamgar Union, Suzuki Motorcycle India, Sona Koyo Steering Systems, etc, filed a memorandum before Deputy Commissioner P C Meena.
MSI had said the safety and well-being of its employees were paramount.
The company will restart the production at the unit under heavy police presence.
MSIL deputed another 40 engineers from its Gurgaon plant to work at Manesar also in Haryana. This takes the total strength of engineers at the facility now to 90.
The company has been hit hard, not only by strike of its own workers, but also due to the supply shortage of engines and transmissions from Suzuki Powertrain India Ltd.
Production has been severely hit at the first plant in Manesar since August 29 when the management prevented workers from entering the unit without signing a 'good conduct bond' after alleged 'sabotage' and deliberate quality compromise on cars.
There is enough blame to go around for Maruti violence.
'Our priority remains brownfield expansion, and in the next few years, we plan to increase our capacity to around 6,000 beds.'
Hit by worst ever violence in its history, the country's largest car maker Maruti Suzuki on Friday said it is considering to deploy advanced safety measures forits employees at the Manesar plant.
Following the violence and arson, MSI had on July 21 announced an lockout at the plant.
The 14-day-long strike at Maruti Suzuki India's Manesar's plant has been called off this morning following a tripartite agreement between the management, workers and the Haryana government.
The firm has suffered production loss of about 1,200 units, valued at around Rs 60 crore.
The move to commission the new facility a month ahead of schedule comes in a bid to deal with the production impasse the company finds itself in.
The case pertains to alleged corruption in Manesar land deals worth over Rs 1,500 crore, in which around 200 farmers were cheated.
South Haryana hasn't delivered a chief minister since 1967, when his father Rao Birender Singh was ousted from power. It's a legacy Rao Inderjit Singh is determined to reclaim.
"The Manesar plant remains captive in the hands of workers. There is no production possible there. Due to the impact of components from SPIL, production at Gurgaon will be even lower compared to yesterday," a Maruti Suzuki India spokesperson said.
The company would decide on increasing the capacity and investment needed for the same in presence of its parent Suzuki Motor's chairman Osamu Suzuki
Only Rico Auto Industries, whose Gurgaon plant was the epicentre of the strike after the death a worker in a group clash on Sunday, continued to be under lock-out.
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