Company Updates

H&R Johnson inks 50:50 JV pacts with Silica Ceremica

H & R Johnson (India) Limited, has signed a 50:50 JV pact with Silica Ceramica Pvt. Ltd., to set up a tile manufacturing facility at Eluru in Andhra Pradesh.

OPEC crude price drops 3.98 dollars Monday

OPEC crude price drops 3.98 dollars MondayVienna - The price for cru

Subex launches ‘RapidRM Mobile Solution’ in the market

Subex Limited, a provider of operations and business support systems, has announced the launch of RapidRM Mobile Solution for cellular phone service operators.

RapidRM is a compact revenue management solution to help growing operators rapidly develop revenue management capabilities and realize immediate return on investment (ROI).

According to the company, the newly launched solution will not only assist operators to rapidly achieve superior revenue management capabilities, but also earn immediate ROI, via quick automation of revenue assurance and fraud management processes.

Ranklin Solution buys US-based Cigniti

Hyderabad-based Ranklin Solutions has acquired US-based enterprise resource planning (ERP) firm Cigniti for an undisclosed amount.

Cigniti has around six major ERP installations across the world, and is also an implementation partner for other technologies including Java (Sun Microsystems). The company has presence in the UK, Australia and New Zealand and has over 250 employees on its payroll.

However, the officials of Ranklin Soluitions, neither disclosed the value of the deal nor the turnover of the acquired company, referring a non-disclosure agreement.

Nelcast inks MoU with Pritika Group for acquiring 51% stake

Chennai-based Nelcast Ltd has entered into a Memorandum of Understanding with Pritika Group of Companies, for acquiring 51% stake in their companies.

Satyam To Axe 4,500 Employees

Satyam Computers is planning to lower the burden of workforce. As many as 4500 employees can be affected by this decision of the company. The company has total work force of 51,000 employees at present.

The company has also started the performance improvement plan and asked low performer to either quit or sharpen them.

The company Chief, Ramalinga Raju warned them about un-disciplinary behavior through an email

The founder and Chairman, Satyam Computer Services Ltd, B. Ramalinga Raju also stressed the need to expand the private-public partnership to the social sector. He expressed these views in the annual ICT (information, communication and technology) event organized by Confederation of Indian Industry and the Tamil Nadu Government.

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