Subex gets firmer foothold in Africa

Subex Ltd, a global provider of operations and business support systems, has announced that it has been selected by Worldstream Systems & Services to implement fraud management and revenue assistance solutions for the Econet Group. Subex's implementation will cover Econet's mobile services (GSM and WCDMA) in Zimbabwe, Lesotho and Burundi.

Econet was looking for these solutions being provided by Subex for optimising revenues. Subex has had prior experience in Africa. "All the reference checks we made on Subex with their existing African customers were positive, and thus the company was the natural choice for us," said Anthony Carter, CEO, Worldstream Systems & Services. Subex closed higher at Rs56 on the BSE; while the benchmark Sensex shut at 18,311.

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DQE inks agreement for ‘Jungle Book’ merchandise

DQE, an animation, gaming live action entertainment and distribution company, has announced that it has entered into a merchandising agreement with Off Road Ltd, a footwear manufacturer, to produce a collection based on the animation from DQE's series, 'The Jungle Book'.

Under the terms of the agreement, Off Road Ltd has acquired the rights to manufacture 'Jungle Book Footwear' including indoor slippers, beach slippers, trainers, children shoes, rain boots and snow boots. Off Road Ltd specialises in designing, manufacturing and selling shoes for European brands and markets. The collection will be designed and manufactured in China, Vietnam and India and marketed by major French shoe retailers with more than 200 retail outlets across France and the Benelux region. In addition to traditional retail outlets, Off Road will also distribute the products by mail order, the Internet, as well as through hypermarket and supermarket chains.

The agreement was signed through TF1 Enterprise France, DQE's co-production partner and licensing and merchandising agent for the 'Jungle Book' in these regions. DQE shares closed higher at Rs111 on the BSE; while the benchmark Sensex shut at 18,311.

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Nissan Copper bets big on its Silvassa facility

Nissan Copper Ltd has informed the Bombay Stock Exchange (BSE) that the upcoming facility in Khanvel, Silvassa to manufacture copper tubes for air-conditioning, refrigeration and plumbing applications with the latest 'Cast and Roll Technology' will start trial partial production of its first phase within the next 15 days. The project is a first of its kind in India, and will help in import substitution.

Once the project is fully implemented it would increase the production capacity of the company's copper pipe by 400% (from current the 3,000MTPA to 15,000MTPA); it will increase the turnover of the company up to Rs500 crore (approximately) and it will improve its EBIDTA margins to 15% approximately.

Nissan Copper shares closed at its lower circuit limit of Rs41 on the BSE; while the benchmark Sensex shut at 18,311.

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