Epic Update : Maruti Suzuki

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Company shuts third shift at engine plant in Manesar
Company shuts third shift at engine plant due to low demand
Cuts production to align with demand
Asks over 200 contract workers to go on indefinite leave.
 
Epic Update : Bajaj Auto

Almost 620 workers reported to work yesterday
Hope to produce 85 percent of normal production of Pulsar
95 percent of Pulsar production target by weekend
Production to be achieved between Waluj and Chakan plants
Seeing combination of contract and permanent workers at work
%u2018Not using contract workers for permanent workers%u2019 roles%u2019
Next hearing of case filed by company against workers on July 15
Have achieved 30,000 units so far of Pulsar by Waluj
Will achieve remaining capacity by month-end.
 
Epic Update : Bajaj Auto

Union from Waluj has expressed support for strike
Met union at Waluj plant 2 days ago
Alert: Bajaj Auto moved part production of Pulsar to Waluj post strike.
 
Epic Update : Apollo Tyres

No question of rethinking on Cooper Tire deal
%u2018Did our homework well before announcing Cooper Tire deal%u2019
Raised debt limit last year for expansion plans
Alert: Company had raised debt limit to USD 830 million from USD 530 million in April 2012
Expect commodity price to moderate going forward
Expect significant increase in rubber supply over next few years
Additional supply of rubber will keep prices soft
Rubber prices in Southeast Asia remain at record lows
Alert: Analysts feel any hike in rubber costs to hurt company margin
Leverage taken for acquisition split across entities
These entities have cash flows to service the debt.
 
Epic Update : Neyveli Lignite

Tamil Nadu CM appoints team to discuss modalities of divestment

Tamil Nadu CM on NLC divestment:

Total quantum of divestment to be carried out is discussed

Further discussion on NLC divestment to be held today.
 
Epic Update : Bajaj Auto

Around 710 workers reported yesterday
Approximately 91 percent of requirement of Pulsar, Avenger and KTM achieved
To produce 1,700 at Chakan and 1,050 Pulsars at Waluj plant.
 
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