Sunday, September 30, 2012

Maruti Suzuki India plans low-cost housing for 5,000 workers


Maruti Suzuki India plans low-cost housing for 5,000 workers



Maruti Suzuki India is planning to offer low-cost houses to about 5,000 employees as it tries to walk the extra mile to improve relations with its workers.

The company, which was hit by the worst violence in its history that killed one senior official in July at its Manesar plant, has already agreed to hike salaries of its workers by an average Rs 18,000 per month, which will be spread over three years.

“We will set up an Employees Cooperation Committee to look after various issues, mainly accommodation related, affecting the workers and their relationships with the management. The committee is likely to be established by December this year,” Maruti Suzuki India (MSI) Chief Operating Officer (Administration), S.Y. Siddiqui, told PTI.

The company is planning to offer low-cost houses to about 5,000 employees and the committee will be responsible for this development, he added.

“However, till the committee is formed, the company will take the initiative in acquiring land and starting preliminary work. Once the committee is in place, we will hand over the responsibility to them,” Siddiqui said.

He, however, declined to share how much land the company is looking to acquire and what could be the investment size.

“By middle of October, we will finalise the location, how much land to be acquired, investment size and other details,” he added.

Siddiqui said the flats will be offered on self financing basis to workers, who will receive easy loans from financial institutions with the help of MSI.

“At the end, the workers will own the flats... These will be offered to both Gurgaon and Manesar plant staff,” he added.

Reliance Global Holdings to buy BP's Malaysia petchem unit for USD 230 million


Reliance Global Holdings to buy BP's Malaysia petchem unit for USD 230 million



Reliance Global Holdings will acquire BP Plc's Malaysian petrochemical plant for USD 230 million, the British energy firm said.

BP said it has "agreed to sell all its interests in purified terephthalic acid (PTA) production in Malaysia to Reliance Global Holdings Pte Ltd, Singapore (an associate firm of Reliance Ports and Terminals Ltd)".

Reliance Ports and Terminals Ltd is a company owned by billionaire Mukesh Ambani.

Reliance Global Holdings will take over BP's 100 per cent equity in BP Chemicals (Malaysia) Sdn Bhd (BPCM), located at Kuantan on the east coast of Malaysia.

The all-cash deal is planned to be completed in 2012, BP said in a statement.

The PTA plant in Kuantan, Malaysia is based on BP's proprietary PTA technology whereas Reliance Industries' PTA plants in India are based on Invista's Technology.

The acquisition through Reliance Global Holdings Pte Ltd would ensure that these two technologies are separately protected.

Saturday, September 29, 2012

North Carolina Teacher Allegedly Cuts Disabled Student Jesslyn's Hair


North Carolina Teacher Allegedly Cuts Disabled Student Jesslyn's Hair

North Carolina Teacher Allegedly Cuts Disabled Student's Hair (ABC News)

The North Carolina mom of a 7-year-old girl with Down Syndrome is accusing a teacher of cutting off several inches of her daughter's beloved hair without her consent.

"Most of the time, she's always brushing her hair, always doing something with her hair," Jesslyn's mother, Jessica Stirewalp, told ABC News' Charlotte affiliate, WSOC-TV.
Stirewalp claims that a Millbridge Elementary School teacher in Rowan County, N.C., cut Jesslyn's hair in class on Friday.
"Her assistant teacher calls me and says, 'I hope you don't mind, but I cut your daughter's hair because she got food in it,'" Stirewalp said. "Of course, I got mad, but I asked her how much, and she said four inches."
Stirewalp says that she was shocked when Jesslyn got home from school.
"Instead of four inches, it was more [like] eight inches. And when she walked in the house, you could tell that she thought she was in trouble," Stirewalp told WSOC. "I mean, it hurts my feelings, and I know it hurts her feelings."
The mom said that she has heard conflicting explanations for why Jesslyn's hair was cut. She said the teacher initially told her on the phone that it was because of food in Jesslyn's hair. But a letter from the teacher said that Jesslyn wouldn't stop taking her hair down, so the teacher trimmed it, Stirewalp said.
When asked about the incident, school principal Christopher Smith told ABCNews.com, "I cannot comment on that." He directed questions to the Rowan-Salisbury School district spokeswoman, who did not respond to a request for comment.
src-yahoo

Which character in Sholay said, "Itna sannata kyun hai bhai"? A)Shambhu Kaka, B)Rahim Kaka, C)Shoukat Bhai, D)Ramu kaka



Which character in Sholay said, "Itna sannata kyun hai bhai"? A)Shambhu Kaka, B)Rahim Kaka, C)Shoukat Bhai, D)Ramu kaka

logo.gif (120×110)


Ques: Which character in Sholay said, "Itna sannata kyun hai bhai"?
A. Shambhu Kaka
B. Rahim Chacha
C. Shoukhat Bhai
D. Ramu Kaka

Hold United Spirits, Mangalore Chem, Kingfisher: SP Tulsian, Latest stock price


Hold United Spirits, Mangalore Chem, Kingfisher: SP Tulsian, Latest stock price



SP Tulsian, sptulsian.com advice traders to remain invested in United Spirits  , Mangalore Chem  and Kingfisher Airlines  . One can expect these stocks to rally atleast 25% from hereon.

Tulsian told “I will advice to remain invested in United Spirits, Mangalore Chemicals and Fertilisers and Kingfisher Airlines. I am expecting that once the deal of Diageo happens, which is likely in next 15 days. We will see a rise of at least 25% from the current level in all these three stocks.”



Buy HDIL at current levels: Sukhani Sukhani, of s2analytics.com, Latest stock price


Buy HDIL at current levels: Sukhani Sukhani, of s2analytics.com, Latest stock price



Sudarshan Sukhani, s2analytics.com advice investors to build positions in HDIL at current levels.

“I would bet on HDIL. It has now finally come out of a very upbeat pattern. Earlier it did move up and then corrected very sharply that correction apparently was a test of the lows which succeeded. HDIL probably has the potential to move much higher. The only caveat is that the markets can get choppy for a day or two. For a long term investor or a intermediate term investor it does not matter whether you buy 50 paisa higher or lower. For the trader it can make a lot of difference so anyone wanting to build positions should consider HDIL at current levels. Somebody wanting to trade should wait for this choppiness to end.”

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Friday, September 28, 2012

Meaning of "Dweep"?, Is dweep meaning is a)Desert, b)Sea, c)Mountain, d) Forest

Meaning of "Dweep"?, Is dweep meaning is a)Desert, b)Sea, c)Mountain, d) Forest


 


Ques: A land mass surrounded by which of these is called a 'dweep' in hindi?

A. Desert
B. Sea
C. Mountains
D. Forests

Wednesday, September 26, 2012

Book profit in Voltas at current levels: SP Tulsian, Latest stock price


Book profit in Voltas at current levels: SP Tulsian, Latest stock price



“Voltas I have been taking a call of Rs 125 but the stock has moved to Rs 135. Probably I may see some corrections happening in October. This kind of euphoria must have happened largely because of the technical positions.”

He further added, “I don’t expect anything extraordinary will be seen for Q2 numbers. Definitely Q2 numbers are likely to be better than Q1 but purely on fundamentals and even taking the other factors into consideration you don’t justify a price of more than Rs 125-130. So maybe the technical forces has made it to move so much, that kind of technical built up you have started seeing happening for the last couple of months so I won’t be keeping my long view, maybe profit booking is advised at this level.”

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Bharati Walmart opens its 18th Best Price store; 5 more to come up this year


Bharati Walmart opens its 18th Best Price store; 5 more to come up this year



Bharati Walmart today announced the introduction of private labels as it commissioned its 18th wholesale store Best Price in the country at Hyderabad.

“This is the third store in Andhra Pradesh. We plan to add at least five more in the country during the year and 10 more next year,” Raj Jain, President, Walmart India, and Managing Director, Bharti Walmart, said.

The venture has so far invested $21 million (about Rs 120 crore) in Andhra Pradesh for three stores. It is looking at two more stores. It takes about Rs 40 crore to set up such a store.

The store is spread over 53,000 sq ft. From day one, it will have about 60,000 members. It will mainly cater to mom-and-pop stores, office and institutions and Horeca (hotels, restaurants and caterers) segment. The three private label brands cover Right Buy, Members Mark and Bakers & Chef, offering about 400 items. “We assure a saving of 15 to 20 per cent over similar brands. It is possible to offer such pricing as we source them directly,” Raj Jain said.

The Government announcement on FDI in retail is barely nine days old. About eight States, including Andhra Pradesh, have agreed to support this. “We are still in the process of studying its implications. It will take at least 12 to 18 months to come out with the retail format,” he explained.

The company is focusing on investing in the back-end interface with farmers. This will be a win-win situation for the farmers as they will get good prices and stores will have access to best farm produce. However, there is need to invest significantly in supply chain.

According to the new guidelines, it is necessary that new investment comes through FIPB route. Therefore, we will have to make a formal application, he said.

But the challenge for retailers will be to find good sites to set up stores. The real estate costs are ruling high, requiring high investments.
src-businessline

Monday, September 24, 2012

United Spirits hits new high on buzz of Diageo deal talk, Latest stock price


United Spirits hits new high on buzz of Diageo deal talk, Latest stock price



Shares soared more than 10% on Monday to a new 52-week high of Rs 1,100.95 on NSE on reports that the world's biggest drinks company Diageo Plc was in talks to acquire stake in the Vijay Mallya owned liquor firm.

Several other news reports indicate that Diageo could get a right to appoint majority of USL board members including the chairman. Mallya is currently the chairman of United Spirits.

This is not the first time that the two companies have initiated deal talks. The two companies were earlier in talks in 2008-09, but the talks failed over valuations.

The two companies have declined to comment on the latest news reports. However, according to the British Telegraph newspaper, Diageo's CEO Paul Walsh had earlier this month reiterated his interest in taking a minority stake in USL.

Analysts say Diageo could be interested in a stake in USL as it will get access to a large and growing liquor market in India and will also get hold of many local spirits brands. And this time around with UB group struggling with loss-making Kingfisher Airlines , a deal is more likely to go through, they feel.

"The deal is expected to go through this time as UB group is looking to raise funds for repaying the debts of its other group company Kingfisher Airlines, which is struggling with losses and cash shortage," according to Angel Broking.

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Sunday, September 23, 2012

Major fire breaks out in Kolkata Paint factory, No casualty or injuries have been reported yet.


Major fire breaks out in Kolkata  Paint factory, No casualty or injuries have been reported yet.

A major fire broke out in a plastic factory in the city's Cossipore area Sunday, a minister said. No casualty or injuries have been reported yet.

"As many as 22 fire tenders have been pressed into service but because of dingy lanes leading to the factory, reaching the spot has been difficult, resulting in delay in controlling the fire. No casualty or injury has been reported so far," Fire Services Minister Javed Khan told IANS.

Khan said more fire engines are on their way to the spot, and people living nearby shanties have been evacuated.

Is Rockstar Last movie of a)Shammi Kapur, b)Dev Anand, c)Rajesh Khanna, d)Jai Mukherjee ?


Is Rockstar Last movie of  a)Shammi Kapur, b)Dev Anand, c)Rajesh Khanna, d)Jai Mukherjee ?

 


General Registration Ques 2: Whose last film as an actor was "Rockstar"

A. Shammi Kapur
B. Dev Anand
C. Rajesh Khanna
D. Jai Mukherjee

RCL Retail Limited IPO details : Issue opening and closing dates, Issue Size, IPO Registrar details, Company contact details


RCL Retail Limited IPO details : Issue opening and closing dates, Issue Size, IPO Registrar details, Company contact details

RCL Retail Limited Logo

Incorporated in 2010, RCL Retail Limited is engaged in the business of trading of ready to eat snacks, fryums, bakery products, cookies, confectioneries, namkeens, chutneys, mouth-fresheners, juices, mobile food such as vada pav etc. RCL is mainly operate through their two well furnished retail stores located in Chennai.

Issue Detail:

Issue Open: Sep 27, 2012 - Oct 01, 2012
Issue Type: Fixed Price Issue IPO
Issue Size: 5,795,000 Equity Shares of Rs. 10
Issue Size: Rs. 5.80 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 10 Per Equity Share
Market Lot: 10000 Shares
Minimum Order Quantity: 10000 Shares
Listing At: BSE SME

RCL Retail IPO Registrar
Cameo Corporate Services Limited   »  Report
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

Company Contact Information
Registered Office :
84/85, Walltax Road,
II Floor,
Chennai-600 003
Phone: +91-44-2534 5283
Fax: +91-44-2534 5275
Email: cs@rclretail.com

CLICK HERE TO CHECK COMPANY's WEBSITE

Anshu's Clothing Limited : IPO Details, Issue opening and losing details, Size, Face value, IPO Registrar, Company's website


Anshu's Clothing Limited : IPO Details, Issue opening and losing details, Size, Face value, IPO Registrar, Company's website
Anshu's Clothing Limited Logo
Incorporated in 2005, Anshu's Clothing Limited is one of the leading fashion house and designer boutiques in Ahmedabad offering Indian ethnic wear, Indian wedding saris, wedding bridal saris, evening wear, party wear and Indian designer wear.

Issue Detail:
Issue Open: Sep 26, 2012 - Sep 28, 2012
Issue Type: Fixed Price Issue IPO
Issue Size: 1,872,000 Equity Shares of Rs. 10
Issue Size: Rs. 5.05 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 27 Per Equity Share
Listing At: BSE SME

Anshu's Clothing IPO Registrar
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Fax: +91-44-28460129
Email: investor@cameoindia.com
Website: http://www.cameoindia.com

Company's Website

Website: http://www.anshusdesigns.com

Religare Fixed Maturity Plan - Sr XVI - Plan B (24 Months) (G) : NFO Details, Issue opening and closing date, Minimum Investment and other details


Religare Fixed Maturity Plan - Sr XVI - Plan B (24 Months) (G) : NFO Details, Issue opening and closing date, Minimum Investment and other details



NFO Opens on : 24-Sep-2012
NFO Closes on : 25-Sep-2012

Mutual Fund Family : Religare Asset Management Company Ltd.
Fund Class : Fixed Maturity / Interval Plans
Fund Type : Close-Ended
Investment plan  : Growth
Fund Manager : Nitish Sikand
Entry Load : 0.00 %
Exit Load : 0.00 %
Minimum investment : Rs. 5000

Contact Details

AMC's Address : 3rd Floor, GYS Infinity, Paranjpe 'B' Scheme, Subhash Road, IXe Parle East, Mumbai
Pincode : 400 021
Tel No. : 022-67310000
Fax No. : 022-28370565
Website : www.religaremf.com
Email : services@religareaegon.com

CLICK HERE TO CHECK MORE DETAILS

The Government has cut Import duty on gold findings cut to 4%The Government has cut Import duty on gold findings cut to 4%


The Government has cut Import duty on gold findings cut to 4%

The Government has reduced import duty on gold findings to four per cent from the earlier 10 per cent. Gold findings are small components such as hooks, clasps, clamps, screw-back, pins and catches that are used in holding different parts of jewellery together.

The development has come as a major relief for the gem and jewellery sector which has been fighting a major slowdown in demand.

Gold jewellery demand has fallen 30 per cent to 125 tonnes in the second quarter of this fiscal due to the economic slowdown and a sharp run-up in gold prices. In value terms, demand was down 10 per cent to Rs 34,950 crore, in the June quarter.

Gold findings are imported to manufacture the finished product for sale in the domestic market or for exports.

The import duty on gold findings was first increased to Rs 750 per 10 grams from Rs 500 in Budget 2010-11. It was further enhanced to five per cent of the import value in January 2012 and subsequently doubled in the latest Budget.

FIIs pumped in more than Rs 9,000 crore in India's equity market till date in September 2012


FIIs pumped in more than Rs 9,000 crore in  India's equity market till date in September 2012



Betting high on India's reform initiatives, foreign investors have pumped in more than Rs 9,000 crore (about USD 1.67 billion) in the country's equity market so far this month.

Analyst expects inflows will continue in the coming months as well.

Foreign Institutional Investors (FIIs) investment in the country's equity market has reached to Rs 72,215 crore (USD 13.97 billion) so far in 2012.

Market analysts believe that huge inflows was mainly on account of recent big-ticket announcements by government, including operationalisation of 51 per cent FDI in multi-brand retail, allowing foreign carriers to buy up to 49 per cent stake in domestic airlines.

Further, liberalisation of the broadcasting sector would prove as major sentiment lifter for foreign investors, they added.

"FIIs inflows was driven by policy reforms announced by the government last week and I think they will continue to invest in the domestic equity market in next six to eight months as well," Wellindia Vice President Research Vivek Negi said.

"We hope that government would continue with its reform initiatives in other sector, he added.

During September 1-21, FIIs were gross buyers of shares worth Rs 39,037 crore, while they sold equities amounting to Rs 29,892 crore, translating into a net investment of Rs 9,145 crore, according to data available with the market regulator Sebi.

Apart from equities, FIIs also invested Rs 909 crore in the debt market during the period under review.

Largest Retail Chains in the world - Wal Mart, Carrefour, Metro AG, Tesco, Woolworths Limited, Delhaize Group, Marks and Spencer, Dansk Supermarked A/S, S Group, Pantaloon Retail

Largest Retail Chains in the world - Wal Mart, Carrefour, Metro AG, Tesco, Woolworths Limited, Delhaize Group, Marks and Spencer, Dansk Supermarked A/S, S Group, Pantaloon Retail

Wal Mart (USA)
Wal-Mart.

 Wal Mart is an American public mulitnational corporation running chains of large discount department and warehouse stores. Considered the largest public corporation when ranked by revenue, Wal Mart boasts of an staggering 2 million employees. Wal Mart was founded by Sam Walton in 1962 and publicly traded on the New Yord Stock Exchange in 1972.

Carrefour (France)
Carrefour.
The second largest retail group in the world in terms of revenue and third largest in profit after Wal Mart and Tesco, Carrefour is an international hypermarket chain headquartered in France. It is one of the largest hypermarket chains in the world.

Metro AG (Germany)
Metro outlet.
Metro AG is a complete diversified retail and wholesale/cash and carry group based in Dusseldorf, Germany. It boasts of the largest market share in the home turf and is also one of the most globalised retail and wholesale corporations.

This retail chain is the fourth largest retailer in the world measured by revenues (after Wal Mart, Carrefour and Tesco). Metro AG was established in 1964 by Otto Beisheim.

Tesco (United Kingdom)
Tesco.
Founded in 1919 by Sir Jack Cohen as a group of market stalls, Tesco is a global grocery and general merchandise retailer headquartered in Britain. Tesco has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the United Kingdom, Malaysia, Ireland and Thailand.

Woolworths Limited (Australia)

A major Australian company, Woolworths Limited has extensive retail interest throughout Australia and New Zealand. Woolworths is the largest retail company in Australia and New Zealand by market capitalisation and sales, it is the largest food retailer in Australia and the second in New Zealand. Also, it is the largest takeaway liquor retailer and the largest hotel and poker machine operator in Australia.
Woolworths has over a 188,000 employees and the supermarkets are often colloquially known as 'Woolies' and have used the slogan 'The Fresh Food People' since 1987.

Delhaize Group (Belgium)

A food retailer with headquarters in Belgium, Delhaize which was founded in 1867 operates in eight countries and three continents. Delhaize focuses mainly on the operation of food supermarkets. Delhaize has a network of 2,705 stores and about 140,000 employees on its payroll.

Marks and Spencer (United Kingdom)

A British retailer headquartered in the City of Westminster, London, Marks and Spencer (also known as M&S) has over 700 stores in the United Kingdom and over 300 stores spread across more than 40 countries. Founded in 1884 by Michael Marks and Thomas Spencer in Leeds, Marks and Spencer specialises in the selling of clothing and luxury food products.

Dansk Supermarked A/S (Denmark)

The Danish Supermarket Ltd is a corporation owning several chains of stores. Also known as Dansk Supermarked A/S, the store chains operate mostly in Denmark but have now expanded to several European countries.

S Group (Finland)

The S Group is a Finnish retailing cooperative organisation that was founded in the year 1904 and consists of 22 regional cooperatives operating all around Finland in the markets for groceries, consumer durables, and service station and car sales.

Pantaloon Retail (India)

A name that Indians can easily associate with is, Pantaloon Retail Limited, a large Indian retailer, a part of the Future Group. Headquartered in Mumbai, the company has over 1,000 stores across 71 cities in India and a massive 30,000 employees.

World's top 10 universities - Massachusetts Institute of Technology (MIT), University of Cambridge, Harvard, University College London (UCL), University of Oxford, Imperial College London, Yale University, University of Chicago, Princeton University, California Institute of Technology


World's top 10 universities - Massachusetts Institute of Technology (MIT), University of Cambridge, Harvard, University College London (UCL), University of Oxford, Imperial College London, Yale University, University of Chicago, Princeton University, California Institute of Technology


1)Massachusetts Institute of Technology (MIT)
World’s Top 20 Universities
Massachusetts Institute of Technology (MIT) tops the list in the world’s top universities. It was established in 1861 and was elected to the Association of American Universities in 1934. 77 Nobel laureates, 52 National Medal of Science recipients, 45 Rhodes Scholars, and 38 MacArthur Fellows are currently or have previously been affiliated with the university. (Note: All rankings as per latest QS World University Rankings 2012/13')

2)University of Cambridge
World’s Top 20 Universities
University of Cambridge comes a close second, after retaining the top last year. It is the second-oldest university in the English-speaking world. The University's museums and collections also hold many treasures which give an exciting insight into some of the scholarly activities, both past and present, of the University's academics and students.

3) Harvard University
World’s Top 20 Universities
Established in 1636, is ranked third and the university houses the largest academic library in the United States. Harvard is America's oldest institution of higher learning, founded 140 years before the Declaration of Independence was signed. Harvard College was named for its first benefactor, John Harvard of Charlestown.

4)University College London (UCL)
World’s Top 20 Universities

University College London (UCL), ranked fourth, is first in England to admit students regardless of their religion and to admit women on equal terms with men. UCL is consistently ranked as one of the top three multifaculty universities in the UK and features in the top 5 universities worldwide.

5)University of Oxford
World’s Top 20 Universities
University of Oxford comes in fifth. It is the oldest university in the English-speaking world, and has served as the home of the Rhodes Scholarship for more than a century. There is no clear date of foundation, but teaching existed at Oxford in some form in 1096 and developed rapidly from 1167, when Henry II banned English students from attending the University of Paris.

6) Imperial College London
World’s Top 20 Universities

Imperial College London at sixth is a public research university located in London, United Kingdom, specializing in science, engineering, business and medicine. Imperial College staff are frequently consulted by governments, and also act as members of professional bodies, advise industry, and offer informed comment to the media.

7) Yale University
World’s Top 20 Universities
Yale University, ranked at seven has produced many notable alumni, including five U.S. Presidents, 19 U.S. Supreme Court Justices, and several foreign heads of state. Incorporated as the "Collegiate School", the institution traces its roots to 17th-century clergymen who sought to establish a college to train clergy and political leaders for the colony. In 1718,

8)University of Chicago
World’s Top 20 Universities
University of Chicago is ranked eighth and is home to the University of Chicago Press, the largest university press in the United States. The University of Chicago is affiliated with 87 Nobel Laureates, 49 Rhodes Scholars and 9 Fields Medalists. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890.

9)Princeton University
World’s Top 20 Universities
Princeton University at ninth is the fourth-oldest college in the United States. The ambience of its earliest days is palpable in historic landmarks on campus, most notably Nassau Hall, which in 1783 was the temporary capitol of the United States. On a per-student basis, Princeton has the largest university endowment in the world.

10)California Institute of Technology (Caltech)
World’s Top 20 Universities
California Institute of Technology (Caltech) comes in at ten and has 31 alumni and faculty winning the Nobel Prize and 66 the National Medal of Science or Technology. There are 109 faculty members who have been elected to the National Academies.

Saturday, September 22, 2012

Visakhapatnam Steel Plant unions serve strike notice for a two-day strike on Oct 12-13

Visakhapatnam Steel Plant unions serve strike notice  for a two-day strike on Oct 12-13



The trade unions of Visakhapatnam Steel Plant served a notice on the management Friday for a two-day strike on Oct 12-13 in protest against disinvestment of 10 per cent equity in the company. The Rashtriya Ispat Nigam Ltd is expecting to garner Rs 2,500 crore through a public offer. The issue may hit the market in October. The unions earlier went on a day’s strike on July 24 over the same issue.