The labour unrest at Maruti is taking a serious toll on auto component manufacturers. The problem is not restricted to Maruti alone anymore. All those companies that supply to Maruti are facing the effect. And one such company is Sona Koyo . In an exclusive interview to CNBC-TV18, chairman Surinder Kapur says that things are [...]
The crippling labour strike at Maruti’s Manesar plant continues. Striking workers are coming under fire from the authorities, with the Haryana government declaring the strike illegal and directing protesting workers to vacate the factory. Late in the evening, the Punjab and Haryana High Court directed that there would be no sit-in strike within 100 meters [...]
NEW DELHI: Accounting regulator Institute of Chartered Accountants of India has asked the government to standardise the internal auditing procedures adopted by domestic companies to prevent a repeat of Satyam-like frauds. These benchmark norms would reduce corporate risk manifold and ensure a standard and robust internal audit procedure, ICAI president G Ramaswamy said. “We have [...]
JAMSHEDPUR: The Ministry of Labour and Employment, Government of India, conferred the prestigious Prime Minister’s Shram Awards for the years 2008, 2009 and 2010, on twenty one employees of Tata Steel at Vigyan Bhavan, New Delhi, today. Dr Manmohan Singh, Prime Minister of India, gave away the Shram Devi award to Ms Parvati, while other [...]
NEW DELHI: The Supreme Court on Wednesday granted bail to four former employees of Satyam Computers and a former auditor of PriceWaterhouseCoopers (PWC) in multi-crore accounting fraud. “On the totality of the circumstances, we deem it appropriate to release them on bail on a personal bond of Rs 2 lakh and surety of like amount,” [...]
By Jagdeep Kaur The way the world conducts business has rapidly changed over the past several decades. Communication has been the buzzword to make the world more connected resulting in impressive growth world over. But to have a lasting favorable business relationship across different countries, it is imperative to have cross- cultural awareness in general. [...]
MANESWAR: Punjab and Haryana High Court on Thursday directed the Manesar workers to vacate the factory premises immediately, said RC Bhargava, chairman, Maruti Suzuki. “We will comply with the HC order and start to evict the sit-in workers at Manesar from Friday, in case they don’t vacate the plant on their own,” SS Deswal, police commissioner [...]
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