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

India's leading provider of microwave wireless technologies, Astra Microwave Products Ltd has won INR 570 million (USD 11.5 million) order from Israel's ELTA Systems Ltd. A group subsidiary of Israel Aerospace Industries, ELTA is a world leader in electromagnetic sensors-based advanced defense systems for radar, electronic warfare, and communications.

The order is for the supply of microwave wireless sub-systems for India's defense radar programme. The contract is effective between November

United Spirits Ltd (USL) has announced the merger of Tamil Nadu-based Balaji Distilleries Ltd .The board of USL approved the all-stock deal and the merger will be effective April 1, 2009. The swap ratio fixed by the company is 2:55, i. e. two shares of United Spirits for 55 shares held in Balaji Distilleries.

Balaji Distilleries began in 1983 and has since been a contract manufacturing unit for UB group, with a distillery capacity of producing 10 million cases per annum and brewing capacity of 9 million dozens per annum.

Kolkata: Tyre-maker Dunlop India Ltd on Sunday declared suspension of work at its Sahaganj plant in the Hooghly district, leaving the future of over 1,200 workers in uncertainty.