With the aim to finance its acquisition of Groupe Danone`s stake in Britannia Industries, Bombay Burmah Trading Corporation, the overseas branch of Wadia, will raise USD 200 million from the intern

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.

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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.

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.