Companies & Sectors
Agitating pilots from Air India promise to call off strike

The striking pilots from IPG, said they would decide on calling off the strike after consulting their lawyers and receiving a copy of the High Court order


New Delhi: Agitating pilots from Air India on Tuesday told the Delhi High Court that they will call off their 58-day long strike with immediate effect. Soon after the High Court asked them and airline management to arrive at a settlement, the pilots said they would consult their lawyers before they called off their almost two-month-long strike, reports PTI.

The pilots also told Justice Reva Khetrapal through their counsel Geeta Luthra that they will join their duties in 48 hours by giving joining reports, whereas those pilots whose services were terminated during the strike would submit reports expressing their willingness to join the duty.

"The court has made very positive observations. It has said that all pilots should be taken back and no distinction should be made between those sacked and others. We are happy with the court's observations," Tauseef Mukadam, Joint Secretary of the Indian Pilots' Guild (IPG), which has been spearheading the strike, said on phone from Mumbai.

The pilots decided to call off their strike after Air India management assured the court that it would consider the grievances of the pilots "sympathetically".

"Serious efforts have been made to settle dispute and the counsel for the parties have assured the court that their respective clients will be extending full cooperation in this regard.

"The senior counsel (Luthra) appearing for the pilots has said that her clients will immediately call of the strike and join their duties in 48 hours, by giving joining reports or the report expressing their willingness to join the duty.

"The Air India management shall sympathetically consider the grievances of the pilots including the aspect of reinstatement of those pilots who were terminated as a consequence to their strike," Justice Khetrapal said while disposing of the pilots' plea for a direction to the management to take back the 101 sacked pilots, including the 10 office bearers of the Indian Pilots Guild.

The court in its order directed the pilots as well as the management to appear before the conciliator, Chief Labour Commissioner NK Prasad, on 5th July at 4.30pm.

The pilots had yesterday moved the court saying they were ready to end their strike if their sacked colleagues are taken back and their union gets back the recognition.

Over 400 cockpit crew went on a strike on 7th May on issues relating to career progression after their talks with Air India management and Civil Aviation Ministry officials failed. The pilots have also launched an indefinite hunger strike in Delhi and Mumbai since 24th June.

Air India's revenue loss due to the strike is estimated to have gone up to Rs600 crore. It has also forced the airline to operate a curtailed international flight schedule days after the stir began.


John Energy starts drilling GSPC-GAIL's NELP VI

The companies are targeting the Jodhpur sands formation, which is likely to take up to 35 days to drill each well to 1,800 metres that has prospects for 'light oil'


Jaipur: Oil and gas sector company John Energy has begun a three well exploratory drilling programme for Gujarat State Petroleum Corp (GSPC) and GAIL at its 4,613-square km New Exploration Licensing Policy (NELP) VI land block in Rajasthan, reports PTI.

GSPC-GAIL 'squd' the first well on 10th June using a 1000-hp John rig. It is targeting the Jodhpur sands formation and is likely to take up to 35 days to drill each well to 1,800 metres, prospecting for 'light oil'.

Any 'light oil' discovered will be mixed with 'heavy oil' from two wells drilled earlier at the block in 2011. Yet another well drilled in February this year was plugged and abandoned after it turned out dry.

In total, the consortium has committed to drill six exploration wells in Phase-I, which ends in November 2012, according to a release.

John won the three-well assignment in April against competition from Essar, Quippo, Deep Industries and Shiv Vani.

GAIL and GSPC each hold a 22.22 per cent stake at the block; HPCL has 22.22 per cent, BPCL, Hallworthy shipping and Nitin Fire Protection System each old 11.11 per cent. They signed the production sharing Contact with Government of India on March 2, 2007, the release said.

The NELP-VI block is situated in Bikaner-Nagaur basin in the Thar desert, adjacent to the India-Pakistan border.


Lupin gets FDA nod for selling generic oral contraceptive in US

Ortho Tri-cyclen Lo is patented by Janssen Pharmaceuticals and had sales of $421 million during FY12


New Delhi: Pharmaceutical company Lupin Ltd on Tuesday said it received US health regulator's approval to sell generic version of oral contraceptive, Ortho Tri-cyclen Lo tablets in the American market, reports PTI.

The approval granted by the US Food and Drug Administration (USFDA) is for multiple strengths of norgestimate and ethinyl estradiol tablets in 0.18mg/0.025mg, 0.215 mg/0.025 mg and 0.25 mg/0.025mg, the company said in a filing to the BSE.

Norgestimate and ethinyl estradiol (Ortho Tri-cyclen Lo) tablets are indicated for prevention of pregnancy, it said.

Ortho Tri-cyclen Lo is patented by Janssen Pharmaceuticals Inc and it had sales of $421 million in the 12 months ended March 2012, the company said citing IMS Health sales data.


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