Indian Trade Unions News
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Coal India Ltd.’s employees plan to go on an indefinite strike should the government proceed with a plan to raise 200 billion rupees ($3.7 billion) selling shares in the world’s biggest producer of the fuel.
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India’s Prime Minister Manmohan Singh sought negotiations with workers to avert a planned strike this week as 11 trade unions across the political spectrum called for protests against issues including rising prices and the government’s sale of state assets.
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Coal India Ltd., the world’s biggest producer of the commodity, and labor unions are continuing talks today on a wage agreement amid a demand by workers for additional perks and allowances.
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ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar says it doesn’t seem so long ago that she was worrying that she wouldn’t be able to handle her job at what’s now India’s largest nongovernment lender while managing her household and caring for her infant son.
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Workers at Coal India Ltd., the world’s biggest producer of the fuel, may go on strike for three days, demanding an increase of as much as 57 percent in bonus payments, a union official said.
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Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices are as of the 3:30 p.m. close in Mumbai.
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Nitin Kale spent 12 hours a day machining asbestos sheets to fulfill his dream of saving enough money to get married. Instead, the 25-year-old is in jail charged with stabbing three managers at the factory where he worked, a bloody clash in India’s growing labor wars.
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Millions of workers in India stayed away from work to protest against rising prices, job losses and state asset sales, forcing banks to shut offices in some cities and airlines to cancel flights.
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