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Police lathi charge in OIL

Guwahati, May 22 (UNI) Police today resorted to lathi charge and tear gas shelling following labour dispute in Oil India Limited (OIL) headquarters in Duliajan.

According to OIL sources, the trouble started when the contract labourers refused to obey the company's direction over pay structure.

The labourers were called by the Regional Labour Commission (RLC) for a meeting here in a bid to end the stalemate.

The sources informed that there was an agreement that contract labourer service condition and pay structures would be changed after every ten years and the next revision was due on 2007.

However, the labourers insisted that they must have pay structures at par with OIL employees.

At least four persons received minor injuries and all of them were released after minor treatment.

UNI MT JYN RN1457

Over 70 per cent clear HS science exam in Asom

Guwahati, May 22 (UNI) Over 70 per cent pass percentage was recorded in today's class XII examination results of science stream, conducted by the Assam Higher Secondary Education Council (AHSEC). The top position in the ten state ranks declared by the Council was grabbed by Salt Brooke Academy, Dibrugarh, while Cotton College, Guwahati, had six students in the top ranks. Of the total 14,373 students who had taken the examination conducted in late February, 10,423.....

IOB chooses internal funds, rules out follow-on IPO

Kochi, May 22: Indian Overseas Bank Chairman and Managing Director T S Narayanasami today said the bank will solely depend on the 'impressive' internal fund generation instead of a follow-on IPO for its expansion plans.Speaking to newspersons here after opening a new Field General Manager's office, with powers to take decisions at the highest level instead of waiting for head office clearance, he said the new office would promote and generate more business in Kerala.The banking sector was.....

UTI BANK opens branch

Visakhapatnam, May 22(UNI) UTI Bank President Hemant Kaul today inaugurated its second branch in the city. In a press release here, Mr Kaul said the bank would reinforce its commitment to bring superior banking sevices to the customers. The bank has a network of 359 branches, spread across more than 259 cities and towns. The bank's centralised database would enable the customers to operate their accounts from anywhere in the country. The.....
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