Prague - Czech energy company CEZ has offered retail customers a price freeze for 2010, amid fears that high energy costs would hurt households and small businesses in the economic downturn, a company executive said Tuesday.
The offer came days after the state-controlled firm said it plans to hike electricity prices by nearly 10 per cent in 2009, a move that outraged businesses, worried that expensive energy would send them under in a slowing economy.
The private equity major Blackstone Group formed a new venture by acquiring 55 per cent stakes in IT infrastructure management and outsourcing unit of Mumbai-based CMS Computers. It would deal in card solutions, transaction printing solutions and ATM cash management. The company is believed to be valued at Rs 500-550 crore. CMS is among the top 5 IT infrastructure management companies in India which was founded in 1976 by Ramesh Grover, Varun Prasad and S Ramadorai.
Dunlop factory at Sahaganj is closed for indefinite period on Sunday by the company management. The company has cited the non-cooperation and indiscipline of workers as a major reason for the factory closure. The decision would affect a large number of workers of the factory.
Country’s third largest two-wheeler maker, TVS Motor Company on Monday reported a 12.7 per cent decline in the sale of two wheelers in November, 2008 at 98,402 units compared with 112,766 units in the corresponding period last year.
In a statement released by the company, the sales of the motorcycle dropped 20.7 per cent in November to 45,276 units from 57,113 units a year ago.
“General inflationary trends, liquidity crunch and the continuing adverse impact of high interest rates with restricted availability of retail finances affected sales,” added the company release.
Astra Microwave Products Ltd, India's leading provider of microwave wireless technologies used in defense, space, and telecommunications, has won an order worth Rs 570 million from Israel's ELTA Sy
Prague - Czech energy company CEZ has offered retail customers a price freeze for 2010, amid fears that high energy costs would hurt households and small businesses in the economic downturn, a company executive said Tuesday.
The private equity major Blackstone Group formed a new venture by acquiring 55 per cent stakes in IT infrastructure management and outsourcing unit of Mumbai-based CMS Computers. It would deal in card solutions, transaction printing solutions and ATM cash management. The company is believed to be valued at Rs 500-550 crore. CMS is among the top 5 IT infrastructure management companies in India which was founded in 1976 by Ramesh Grover, Varun Prasad and S Ramadorai.
Dunlop factory at Sahaganj is closed for indefinite period on Sunday by the company management. The company has cited the non-cooperation and indiscipline of workers as a major reason for the factory closure. The decision would affect a large number of workers of the factory.
Country’s third largest two-wheeler maker, TVS Motor Company on Monday reported a 12.7 per cent decline in the sale of two wheelers in November, 2008 at 98,402 units compared with 112,766 units in the corresponding period last year. 
