Aviation regulator DGCA today suspended the flying licence of beleaguered Kingfisher Airlines for failing to come up with a viable plan for its financial and operational revival and resolve the impasse with its employees over payment of their salary dues.
Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August. Maruti Suzuki's Gurgaon union is also part of the protests.
With stalemate over salary disbursement of employees continuing, the Kingfisher Airline management may have to extend its lockdown until Oct 7.
After the voilence that forced a lockout at Maruti's Manesar plant the company had begun production from only one shift. The automaker is gearing up to start the second shift from next week, reports Ronojoy Banerjee of CNBC-TV18.
Maruti Suzuki shares rose over 1% on Friday morning as the company's announcement that it will re-start its Manesar plant from Tuesday relieved investors.
Maruti Suzuki will lift the lock out at its Manesar plant on August 21, R C Bhargava, the chairman of India's largest passenger car maker said on Thursday.
India's largest passenger car maker Maruti Suzuki has increased production at its Gurgaon plant to meet strong demand for its multi-utility vehicle Ertiga launched earlier this year, even as its Manesar plant remains shut.
Lockout in the Manesar unit of Maruti Suzuki is costing the company over Rs 90 crore per day, industry body Assocham today claimed.
Oil prices rose above USD 100 a barrel on Thursday on fears Norway's oil output could be sharply cut after oil companies including Statoil called a lockout in a bid to end a strike by offshore oil and gas workers.
Even though work has resumed at India's largest car manufacturer Maruti Suzuki’s Manesar plant, things are not back in the black yet, reports CNBC-TV18