July starts with a bang: Controversies, populist measures and much more

Fri, Jul 05, 2013 at 17:09

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The strike call!

Bajaj Auto's shares declined more than 1 percent on Wednesday morning as investors remained concerned as the strike at its Chakan plant shows no signs of ending and the company is losing market share amid a sluggish demand for two-wheelers.

Bajaj, however, wasn’t the only one suffering the same fate. The indefinite strike by Neyveli Lignite Corporation workers has led to a shortfall of 320 MW and also affected lignite mining, company officials said here today. Nearly 30,000 workers, including 13,000 contractual employees of the three mines struck work at 9 PM last night protesting the Centre's decision to disinvest five percent of its stake in the PSU.

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