KEI Industries said that the labour strike at its Rakholi and Chinchpada units has been called off, and the operations have been normalised.
KEI Industries operations were hit by strike at 2 of its units, which could lead to a potential loss of Rs 8 crore worth of production per day.
After several rounds of talks among Bajaj Autos‘ management and workers‘ union at Chakan, it is likely that the strike may have been called off.
S Narsing Rao, CMD of Coal India, is optimistic that issues with NTPC on the quality of coal can be sorted out.
Swati Khandelwal Jain of CNBC-TV18 caught up with Mayank Pareekh, managing executive officer- marketing and sales, Maruti Suzuki to get his view on the way forward for the industry. He confirms that auto companies are looking to hike cost in January.
Maruti Suzuki's chairman RC Bhargava told CNBC-TV18 that it will not take very long for problems at Manesar to settle down but no final solution is seen at the Manesar unit yet. Bhargava feels that the company's market share is unlikely to get impacted due to the Manesar issue.
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