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Friday, October 9, 2009

Neyveli Lignite - Strike

Neyveli Lignite Corporation Ltd has informed that the non-executive employees of the Company have resorted to strike from 22.00 hrs. on October 07, 2009 onwards in support of certain demands relating to payment of production incentives.
The management of the Company has already commenced negotiations with the Recognised trade unions and conciliation proceedings before the Regional Labour Commissioner is in process and it is expected that normalcy would be restored soon.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 17
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.0% 4.9% 5.3% Revised from 5.2%
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.0% 5.0% 5.4% Revised from 5.3%
11:30 Imports (MoM) 1 18,350M 19,448M Revised from 19,469M
11:30 Exports (MoM) 1 24,140M 23,456M Revised from 23,300M
11:30 Trade Balance 1 5,790M 4,008M Revised from 3,831M
18:00 Retail Sales (YoY) 1 3.3%
18:00 Retail Sales ex Autos (MoM) 2 0.3% -0.3%
18:00 Retail Sales Control Group 3 0.4%
18:00 Retail Sales (MoM) 3 0.1% -0.9%
18:00 Initial Jobless Claims 2 235K 227K
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