hai cb,
Workers not to report on duty from Oct 19 at Thane: Raymond
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Mumbai, Oct 17 (PTI) Following a stalemate in negotiations between the employees and management, the Gautum Singhania-led Raymond has issued a notice asking its workers not to report to work at its neighbouring Thane plant from October 19. The textile major plans to foray into the realty business by developing residential and commercial complexes on its 125 acre plot of mill land at Thane where nearly 1,885 workers are employed. However, its plan ran into a roadblock as the union refused to accept the compensation offered earlier by the management for shutting down the mill. The company, on Friday night, issued a notice to the workers asking them not to report on duty from October 19 and said that it would instead pay them their salaries regularly as it did earlier. "Despite no production activities being carried out in the mill, we continued to make payments to the employees. The company was incurring idle expenditure on transport, canteen, electricity and water in addition to fixed expenses. Therefore, we have asked the workers not report for work but they would be receiving their salaries on time. This would help us in reducing additional costs," a senior official of the company told PTI requesting anonymity. The notice stated that despite a VRS settlement signed between the management and union, the company gave various proposals in respect of additional payment of compensation to the employees granting substantial benefits. "However, the union and the employees have not accepted any proposal given by the management. The management therefore has no option but to withdraw all the offers made by it," the notice said. When asked about the negotiations between the management and employees, the official said, "We have not yet taken any final decision on compensation. We are in talks with the union. As of now, we have asked the workers not to report on duty," he said. However, the union has claimed that the company has agreed to pay a compensation package of Rs 313 crore. "After several deliberations, we managed to negotiate for Rs 313 crore as compensation. It has been agreed that the management would pay 68 per cent of the amount immediately and the rest after five years. However, the employees want the remaining amount to be paid in three years. Once this stalemate is over, the workers would shift to the new location decided by the company," Kamgar Utkarsha Sena's President, Jitendra Joshi, said. The union had initially asked for Rs 350 crore as compensation. Earlier, the union had sought Government intervention in the matter. The Maharashtra Government has said that it would not give a go-ahead to the company's realty plans unless the compensation matter is resolved. The Bombay High Court too had recently directed the Thane Municipal Corporation (TMC) not to sanction any development plans of the company until it clears all the dues of its workers.

Happy Dussera to you and your team,

Which stocks can I buy for short term or till diwali?

Hi, If i buy Reliance Capital at 825.0 And i want to invested for 15 YEARS... What level u senn Around .............................. PLEASE ANSWER WITH LEVEL...............

Hi CB,
How about IDEA Cellular, CIPLA and BIOCON.

Holding
1 lot of IDEA CALL 80 @ 1.30 (LTP = 0.75)
2 lots of CIPLA CALL 340 @ 10 (LTP = 5.50)
1 lot of BIOCON CALL 420 @ 12.30 (LTP = 7.75)
Please suggest, Which one to hold and which one to book loss ?

can i enter gvk and brfl in futures tomorrow?

Hai CB!
What is target price of Vision Corporation for next week.Please suggest.

Hi rayan, yes, could trigger some upmove it seems.

Hi Ravikumar Sivaramakrishnan, yes, could list 15-20% higher it seems. only can apply for it. its a good bet. not sure of the brokerage rates

Hi Shiva, no, as of now no new call

Hi Name (required), yes, one can enter it. keep sl at 68

Hi kvrk, its likely to be a bit positive for the stock since it plans to enter into realty space

Hi sandhya, can see 133. don't enter gvk yet. looks weak

Hi Sana, Wish you the same.. Happy Dussera

Hi Hari, no, looks a bit weak. don't enter it yet

Hi anil, enter it lower near 800 levels. its a good bet

Hi anivesh, pantloon has strong support at 465-470. can see a bounce from here. on rise one can short jsw steel and sbi

Hi Kranthi, they are a hold for now.pharma is likely to do well next week. idea is a hold with sl at 71

Hi rama.p.r., no, they are looking weak. brfl above 265 can be bought

Hi jyothi, no, looks weak

Hi ramsingh, can see 4

Hi sivani, Wish you the same.. no, don't enter zee yet. looks weak technically

ARE JP ASSOCIATES or DLF also can be shorted at these levels?