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The worker-run enterprise fiction
When the West Bengal government intervened by setting up Operating Managing Committees (OMCs) of workers in closed and sick tea gardens in the state, it was done to also alleviate the basic problems of the workers’ families. But this seems to have only given rise, as reported in the earlier parts of this series, to a section which makes money by exploiting other workers in collusion with local contractors. There is little evidence of any intervention, either by the district administration or political bigwigs, to curb this.

Markets buck global trend
The Indian bourses opened on a positive note at 17,200, tracking strong global cues. The index soared to a high of 17,352 but changed course after a robust industrial production data was declared which raised fears that the central bank may need to control monetary policy. The IIP number increased to 10.3% Vs 9.6% (MoM).

News of the day

NIUD gets union assent
The Union Government has given consent for setting up the centre of National Institute of Urban Development (NIUD) in the Chhattisgarh. Sources in the government said that after discussion with state officials, the union government had given consent for setting up the NIUD centre in the state. The centre had also sanctioned Rs 35 crore for the project.
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Opto Circuits signs pact with OEM for joint development

Opto Circuits (India) Ltd. (OCI), a manufacturer of invasive and non-invasive medical devices, today announced that Criticare Systems Inc, its wholly owned subsidiary, has signed a long-term development agreement with an OEM customer. The agreement provides for a joint development programme focused on a new modular and MRI-compatible patient monitoring system. - Opto Circuits gains on 32% jump in net - Colgate, Opto Circuits & Sonata Q1 results - Opto Circuits" Q1 net up 31.7% - Opto Circuits up on better profits - Opto Circuits Q4 net up 61.4 per cent - Opto Circuits soars over 7% on strong Q4 nos The system will be based on Criticare’s new eVision™platform. The development programme will commence immediately. The resulting new product and iterations thereof are projected to increase revenue, the company said in a statement. Criticare System’s established partnership with this OEM customer will expand and result in mutual benefits for many years to come. The new product line will be produced by Criticare Systems and will be marketed by the OEM partner under their brand name in all major markets, Vinod Ramnani, managing director, Opto Circuits said.


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