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CPI (M) targets WB Govt after Hindustan Motors suspends operations at Uttarpara

Kolkata, May 25 (ANI): The CPI (M) on Sunday targeted the TMC led West Bengal government, over the suspension of work declared at the Uttarpara plant of Hindustan Motors in West Bengal, by its owners. Party leader Shyamal Chakraborty said that the West Bengal government is not looking at the problems of the workers who have not got their salary for the past 6 months. The CK Birla owned auto flagship Hindustan Motors, which has been making iconic brand- Ambassador, on Saturday declared suspension of work at its Uttarpara plant. The company sent a notice to this effect to stock exchanges citing low productivity, large accumulation of liabilties, critical shortage of funds and lack of demand for the core product-Ambassador cars as the reasons for the shut down. May 25, 2014
Gold

Jewellery Firms Surge after RBI Eases Gold Import Norms

Shares in Titan Co Ltd(TITN.NS) surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 10.2 percent as of 9:25 a.m. May 22, 2014
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