Subex wins managed services contract for ROC fraud management from leading Indian services operator, Idea Cellular.
Subex, a global provider of business support systems for communications service providers, announced that it has won a million dollar contract for providing its industry leading ROC fraud management solution through managed services for Idea Cellular for postpaid and roaming. This is a fully outsourced managed services deal, where Subex will be running the operator’s entire fraud management operations.
In the late afternoon, Idea Cellular was trading at around Rs98.10 per share on the Bombay Stock Exchange, 1.92% up from the previous close.
Digital content specialist, Prime Focus, forms strategic alliance with ISP giant LaserNet
Prime Focus Technologies (PFT), the global digital content specialist, has entered into a strategic alliance with South African ISP giant LaserNet. The agreement will see LaserNet bringing PFT’s CLEAR unified content operations platform and supporting services to its substantial media and entertainment sector client base in the region.
This alliance reflects a synergy between PFT’s technological innovation and content operations expertise, and LaserNet’s established client relationships and network infrastructure. The merging of these complementary strengths will accelerate the already growing pace of digital transformation in the South African marketplace.
PFT’s CLEAR platform will allow content owners in South Africa to add new revenue streams, drive efficiencies, reduce cost and exploit content by enabling them to migrate to file-based workflows and capitalize effectively on new multi-platform opportunities.
With the dynamic combination of PFT’s technology and experience and LaserNet strong local foothold and infrastructure, the strategic alliance will result in new growth and development opportunities for the media and entertainment industry in South Africa.
In the late afternoon, Prime Focus was trading at around Rs49.10 per share on the Bombay Stock Exchange, 1.45% up from the previous close.
Essar Oil will achieve the addition of nine new units that will expand capacity to 18 MMTPA (375,000 barrels per day)
Essar Oil has successfully commissioned its diesel hydrotreater unit I (DHDT-1) at its Vadinar refinery. With the phase-wise commissioning of three additional units slated for the end of this month, the refinery is now firmly on track to complete the Phase I expansion by March 2012. This entails the addition of nine new units that will expand capacity to 18 MMTPA (375,000 barrels per day). The 4-million-tonne DHDT-1 at the Vadinar refinery will upgrade diesel quality by treating the sour diesel streams and achieving reduction in sulphur as well as an improvement in the cetane index. The DHDT-1 will thus ensure that the diesel produced at the refinery will be capable of meeting Euro V specifications.
The market for low sulphur content fuel is rapidly expanding with top 20 Indian cities requiring retailing of only Euro IV compliant fuels. In the European Union, the Euro V standard has been applied since 2009.
LK Gupta, MD and CEO, Essar Oil said, “We have now commissioned two key units that will help us produce gas oil (diesel) and gasoline (petrol) conforming to international standards. We are very close to realizing the scale that we had set out to achieve for the Vadinar refinery. The increased complexity that we will have post expansion will give us greater flexibility to produce higher value fuels that have a growing market both in India and overseas.”
In the late afternoon, Essar Oil was trading at around Rs59 per share on the Bombay Stock Exchange, 2.16% up from the previous close.