1) Motherson workers continued their protest on 106th day for salary, work timings and union rights. Rather than fulfilling the demands more than 200 workers were arrested. 2) Bosch company has started to produce Iphone and chargers in Chennai. But Sanmina company which is existed from last 10 years has declared VRS for those who have completed 5 years. News says that the company has declared this showing the excuse of present economic condition. 3) 1500 contract workers of Honda automobiles in Hariyana are on protest from November 4. Showing the excuse of low economic condition, Honda management has expelled hundreds of workers on November 4th. 4) Sebi observed that all the pledged shares came from client accounts and the lenders did not exercise proper due-diligence. While extending loan against shares the banks failed to notice that the bulk of pledged shares did not come from ‘proprietary account’ but from ‘non-house’ account. 5) Due to financial crunches more than 4500 branded retail shops has been closed in USA And Britain. Due to this Tirupur exports has declined.
