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Unpaid for months, Amrapali ex-employees protest outside office

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Noida, April 21: Scores of ex-employees of real estate giant Amrapali Group on Friday picketed their corporate office here in Sector-62, alleging non-payment of dues for months.

The employees, who were fired during the last one year, were terminated by the group citing falling profits and slump in the real estate sector.

Some of us haven’t received our salaries for last eight-nine months. We have no other means to live and are barely surviving,” said Prashant Kumar, a site-engineer with the group.

Most of the sacked employees comprised engineers, supervisors, construction workers and low-level managers from the firm’s construction sites.

The management, on the other hand, said that they have no money to disburse the payments, yet they are paying off the dues gradually, in installments of Rs 5,000.

“You know about the slump in the real estate market, on top of that demonetisation hit us hard.”

The situation is not as bad as the workers are saying. We are paying them in instalments and will clear dues as soon as possible,” Adarsh Mohan, a representative from Amrapali Group said.

The workers alleged that around 800 to 1,000 employees were sacked in the last one year, whereas Mohan said it was not more than 200.

The aggrieved ex-employees also said that the cheques they received from the firm have bounced.

“Their cheques are bouncing, we have been cheated by the company. I had to pay my children’s school fees by borrowing money from someone else,” Sujeet Jha, who had been working for 13 years with the construction firm while showing the dishonoured cheques.

Some workers alleged that even the bio-metric attendance system was rendered dysfunctional months before their sacking, with their presence being marked only manually.

When the son of company’s Chairman Anil Kumar Sharma came out to assuage the sloganeering workers, he was heckled and forced to return inside.

IANS

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Hike in petrol, diesel prices continues

Petroleum Minister Dharmendra Pradhan on Monday said that the government was looking at ways to keep rising fuel prices in check.

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New Delhi, May 22 : The hike in Petrol and diesel prices continued for the ninth day on Tuesday amidst reports that the government was mulling steps to check it.

Petrol prices were hiked in the range of 29-32 paise per litre across Delhi, Kolkata, Mumbai and Chennai, while diesel prices were lifted by 26-28 paise per litre, compared to the previous day.

On Tuesday, a litre of petrol was sold at Rs 76.87 in Delhi, Rs 79.53 in Kolkata, Rs 84.7 in Mumbai and Rs 79.79 in Chennai, according to Indian Oil.

Diesel was sold at Rs 68.08 per litre in Delhi, Rs 70.63 per litre in Kolkata, Rs 72.48 per litre in Mumbai and Rs 71.87 per litre in Chennai.

Petroleum Minister Dharmendra Pradhan on Monday said that the government was looking at ways to keep rising fuel prices in check.

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Equity indices close marginally higher; auto, metal stocks gain

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Mumbai, May 22: The key Indian equity indices provisionally closed in the green on Tuesday, although with marginal gains on the back of value buying by investors, after declining for five sessions in a row.

According to market analysts, healthy buying activity was witnessed in auto, metal and healthcare stocks.

However, weakness in global markets and rise in crude oil prices restricted further gains on the Indian indices.

At 3.30 p.m, the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10,536.70 points — up by 20 points or 0.19 per cent — from its previous close of 10,516.70.

The barometer 30-scrip Sensitive Index (Sensex), which had opened at 34,601.49 points, closed at 34,651.24 points (3.30 p.m) — higher 35.11 points or 0.1 per cent — from its previous session’s close of 34,616.13 points.

The Sensex touched a high of 34,754.60 points and a low of 34,550.22 points during the intra-day trade. The BSE market breadth was tilted towards the bulls with 1,444 advances against 1,182 declines.

The major gainers on the BSE were Dr Reddy’s Lab, State Bank of India (SBI), Bajaj Auto, Tata Motors and Coal India, while Asian Paints, Axis Bank, Tata Consultancy Services, IndusInd Bank and Power Grid were among the major losers.

On the NSE, the top gainers were Dr Reddy’s Lab, SBI and Bajaj Finserv. The major losers were Indian Oil Corp, Ultratech Cement and Bharti Infratel.

IANS

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India’s Ola in 3 more Australian cities

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New Delhi, May 22: Indian ride-sharing major Ola on Tuesday expanded its services in Australia to three more cities — Brisbane, Gold Coast and Canberra.

To celebrate its launch in these cities, Ola is offering discounted rides from Tuesday. Customers can download the Ola app either from Google Play or iOS App Store, register for an Ola account and begin booking their rides.

“Customers in these cities can book discounted rides using Ola app starting Tuesday,” the city-based online cab aggregator said in a statement here. The online transportation network company has been operating in Perth, Sydney and Melbourne since it forayed into the island-nation early in 2018.

So far, over 30,000 driver-partners have registered themselves with the company since its launch in Australia on January 30, the statement said.

“Over the coming months, Ola is working on its rollout in other Australian cities Adelaide, Darwin and Hobart,” it added.

Founded in 2011, Ola has been competing against Uber in the Indian ride-hailing market. The seven-year-old Ola claims to have over 125 million users in 110 cities across India.

WeForNews

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