ALL PARES WORKWEEK FURTHER

Article Abstract:

Ashok Leyland Ltd has taken permission from the state labour department of Tamil Nadu to reduce the number of working days to 3 days a week at its Ennore unit and to 4 days a week at its Hosur unit from September 1, 1998. The company will follow the rules of the law and pay only half wages for the lay-off period. The company has been adversely affected by the recession and slowdown in the heavy duty truck market. (khr)

Comment:

Has taken permission from Tamil Nadu labor dept to reduce number of working days at its Ennore & Hosur units from 9/1/98

Heavy Duty Truck Manufacturing, Trucks, Heavy Duty, Heavy duty trucks, Ashok Leyland Ltd., Article

---

100% SUBSIDIARIES OF FOREIGN BANKS LIKELY

Article Abstract:

Overseas banks are likely to get approval from the Indian government to set up their 100 percent subsidiaries in India subject to certain credit norms. Under the existing norms, foreign banks are allowed to operate in the Indian banking sector either by obtaining branch licenses from the Reserve Bank of India (RBI) or through a 20 percent equity participation in a private sector domestic bank. (gs)(m)

Foreign Exchange Dealers, Commodity Contracts Dealing, Reserve Bank of India

---

Similar abstracts:

• Abstracts: LADAM GROUP: PROMISES: MEANT TO BE BROKEN! ALACRITY GROUP: BUILDING CASTLES IN THE AIR
• Abstracts: FOR FA OG FOR DARLIGE HOTELLER I KOBENHAVN SWEDEN: ROYAL SCANDINAVIA TO INVEST IN WAREHOUSE
• Abstracts: DEN AMERIKANSKE FORBINDELSE POLAND: CARLSBERG NOT TO SELL OFF BREWERY
• Abstracts: SIEMENS SHIFTS FOCUS TO BRANDS, PRICING. TELECRUZ PLANS SET-TOP BOXES FOR Rs 5,000
• Abstracts: HONEY, IT'S GOOD TO BEE PUT TO THE TEST. BLACK TEA IN THE SOUTH

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.