Rico Auto Industries Ltd decided to merge subsidiary Rico Softech Ltd with the company.
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.
The Gurgaon-Manesar industrial belt, one of the country's largest auto hubs, which once again witnessed labour unrest following the death of a young worker at Rico Auto on Sunday.
About 1,800 workers at Rico Auto Industries, in Gurgaon near Delhi, ended their almost 50-day strike following an agreement with the management on reinstatement of some employees.
Tata Motors is unlikely to scale down its plans and go back to Singur for a smaller plant.
The incident occurred around 10 am when deputy general manager of RICO Auto, Sanjiv Arya, was entering the plant in a van under police escort, senior vice president of RICO Surender Singh said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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According to industry body Society of Indian Automobile Manufacturers and Automotive Component Manufacturers Association of India, with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
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