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.

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

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.

Rolls-Royce Motor Cars is eying on the highly potential auto mobile market of India. The car market f India is expected to further grow in the coming years. Soon it will be the single-biggest market in the Asia-Pacific region.

The company is known for its ultra-luxury Phantom car. It has sold 12 hand-crafted Uber-premium cars in India in 2007. The company is eying on further orders from the car market.

The director of Rolls-Royce Motors, Graema Grieve said that the new product of company would be the second most expensive in the world.

MindTree, a leading software and R&D services conglomerate, has unveiled that the company will soon enter into the engineering services sector.

State run Hydro-electric major Satluj Jal Vidyut Nigam, has divulged that the company has sent its proposal to Nuclear Power Corporation of India (NPCIL) for building a joint venture (JV) for a Nuclear energy plant.

The sources close to the company remarked that SJVN's collaboration with NPCIL would be for constructing a nuclear power capacity of 1,500 MW. The company has lined up expansion plans worth Rs 18,000 crore.

 Indicating its future roadmap, Satluj Jal Vidyut Nigam stated that the company has chalked out plans to double the capacity by 2017.