Sumi share price falls as more allegations of child labour surface.

Shares in Motherson Sumi Systems fell by more than 5% on October 26th, following reports that the company was using child labour in India. The news came just a day after the share price fell by 10% following an allegation that the company was using child labour in China. Shares have been falling steadily since May 2021, when a strike at one of its Chinese factories sparked protests and riots.

What is Motherson Sumi Systems?

Motherson Sumi Systems is an Indian auto parts manufacturer, with manufacturing facilities in India and China. It also has offices in the United States, Europe and Japan. It’s one of the largest auto parts manufacturers in India and its products are used by many major car manufacturers around the world.

What is Child Labour?

Child labour refers to children under 18 years old working for wages or other remuneration. It’s illegal to employ children under 14 years old without their parents’ permission, but it’s still common practice for companies to do so. This is particularly true in developing countries where there are no effective enforcement mechanisms or poverty makes it difficult for families to provide for their children.

Motherson Sumi has lost more than 20% of its value since the beginning of the year.

Shares in Motherson Sumi Systems (MSS) have fallen by more than 20% since the beginning of 2019, with most of that drop coming in the last few months. This has prompted a number of questions from investors, who are concerned about what is happening to one of India’s largest auto components manufacturers. This article explains why MSS shares have been falling and what investors can expect from this company in the future.

What is Motherson Sumi Systems?

Motherson Sumi Systems (MSS) is an Indian auto components manufacturer based in Pune. It was founded in 1969 and was initially known as the Sumitomo Wiring Systems Company Limited. The company changed its name to Motherson Industries Limited (MIL) after it acquired another Indian auto parts manufacturer called Motherson & Co. Ltd. MIL changed its name again to Motherson Sumi Systems Limited (MSSL) after it went public on March 25th 2010. The company now trades under the ticker symbol MSS.

Why are MSS shares falling?

MSS shares have been falling for a number of reasons, including concerns over slowing demand for automobiles and difficulties at some other companies that supply MSS with key components.

Reuters reported(March 26th 2019), that Japan’s Aisin Seiki Co Ltd had decided (link is external) not to renew a contract with MSS when it expires at the end of March 2020. Aisin supplies a range of parts to MSS, including transmission systems and drive shaft assemblies.

“Reuters also reported that demand for automobiles in India had slowed due to rising interest rates and economic uncertainty.

“Finally, there were concerns over the financial health(link is external)of Motherson Corporate Finance Ltd (MCFL), which owns 21%(link is external)of MSS’ outstanding shares.

“MCFL

The festival of Makar Sankranti is celebrated by Hindus, Jains and Sikhs in India.

Makar Sankranti is a Hindu festival that celebrates the sun’s movement into the zodiac sign of Capricorn. It is celebrated across India, but has different names in different regions. The festival takes place between January 14th and February 15th each year. The exact date varies depending on the Hindu calendar, which has 12 months of 30 days each, making it shorter than the Gregorian calendar.

Hindus celebrate Makar Sankranti by offering prayers to Agni, the god of fire. They believe that Agni helps to remove all obstacles from their path during the coming year. People also visit temples to offer prayers to their favourite gods and goddesses.

What is Makar Sankranti?

“Makara” means “fish” in Sanskrit, while “Sankranti” means “transition”. Together they form a name for this Hindu festival that celebrates a transition from one season to another.

“Why is Makar Sankranti celebrated?”

The celebration of Makar Sankranti comes at a time when many farmers are preparing for spring planting season. It’s also when people begin celebrating festivals such as Lohri (in Punjab) and Pongal (in Tamil Nadu). The timing is no coincidence; farmers need good weather so they can plant their crops and harvest them successfully before the onset of summer heat.

Adam Sandler was replaced by David Spade for Hotel Transylvania 4.

Hotel Transylvania 4: Summer Vacation is set to hit theaters in July 2021, but fans are still wondering why Adam Sandler won’t be reprising his role as Dracula. The actor was originally slated to star in the upcoming film, but a few months ago it was announced that he would not be returning for the fourth installment of the franchise. This announcement left many people confused, especially considering that he’s been a part of all three previous films and even lent his voice to an animated short released before Hotel Transylvania 3: Summer Vacation. So why did Adam Sandler leave Hotel Transylvania 4?

Who will play Dracula in Hotel Transylvania 4?

The actor who will replace Adam Sandler as Dracula in Hotel Transylvania 4 is David Spade. The comedian has starred alongside Sandler in numerous films over the years, including Grown Ups and Joe Dirt 2: Beautiful Loser. He also starred alongside fellow comedian Chris Rock on Saturday Night Live from 1990 to 1995, so he certainly has some experience working with big names in comedy.

Why did Adam Sandler leave Hotel Transylvania 4?

According to Deadline, there were no hard feelings between Adam Sandler and Sony Pictures Animation when they parted ways over Hotel Transylvania 4. The actor simply decided that he wanted to take a break from voicing Dracula after spending so much time playing him over the past decade. In fact, this isn’t even the first time that Adam Sandler has taken a break from voicing Dracula; he previously took time off between the second and third installments of the franchise.

However, while it seems like there were no hard feelings between Sony Pictures Animation and Adam Sandler when they parted ways over his role as Dracula, it wasn’t quite as simple for fans of the franchise. Many people were upset by this news when it was announced because they didn’t understand why such an integral character would be cut from one of their favorite movies.

Why we celebrate Makar Sankranti in Hindi

The word ‘Makar’ is derived from the Sanskrit word ‘Makara’, which means a fish. Sankranti, on the other hand, is a term used to describe the movement of celestial bodies. So, it’s only natural that this festival is associated with water and fish.

This festival also has different names in different parts of India. In North India, it is known as Uttarayan or Uttarayana and in South India as Pongal or Bhogi.

A strange ring has appeared around the moon in the days leading up to Halloween.

This year, Halloween falls on a Friday, which means that some people may be looking forward to a four-day weekend. But if you were hoping for an especially spooky experience this Halloween, you might want to look up at the sky at night and see if you can spot a ring around the moon. The phenomenon is being called “the harvest moon eclipse” and it’s not just limited to those who live in North America. The harvest moon eclipse will be visible across most of the world.

The reason why this is being called an eclipse is because there will be a total lunar eclipse that coincides with the full moon on October 27th. While this would normally make it hard to see any sort of lunar ring, something about this year’s eclipse makes it easier to spot than usual. The last time there was a total lunar eclipse that coincided with a full moon was back in 1982 and that was also visible from North America.

In order for people in other parts of the world to see this unusual event, they’ll have to look at the sky during moonset or moonset plus 30 minutes. This gives everyone plenty of time after sunset before heading off for trick-or-treating or getting ready for bed.