Home Solutions Retail (India), a subsidiary of BSE-listed Pantaloon Retail (India), has informed that the firm along with its two investors has successfully raised Rs
150-crore via a rights issue to fuel its expansion programme.

The company has been able to successfully raise Rs 150-crore through a rights issue, which was closed yesterday. The company confirms that it has raised the amount along with ICICI Ventures Funds Management and Kotak SEAF India Fund.

Anil Ambani-led Reliance Communication (RCOM) has signed an agreement with US-based Ditech Networks to deploy the latter's voice enhancement solution on its recently unveiled GSM network.

The deal is estimated to be worth Rs 50 crore and deployment is expected to enhance voice clarity on Reliance Mobile by approximately 30 per cent'.

Under the arrangement, RCOM will initially deploy Ditech's voice enhancement solutions across Top 10 towns and then extend coverage across other locations.

It should be noted that on Thursday, RCom has already commenced trial runs on Ditech's network

South Korean automaker Hyundai has increased the prices of its popular hatchbacks Santro, i10 and sedan Accent across all variants by up to Rs 14,636 with immediate effect to offset rise in input cost.

A company official said, "The price hike is primarily due to rise in input cost. The price hike ranges from 1.2% to 3%." It may be noted that recently, Maruti Suzuki, Honda Siel, Toyota Kirloskar and Ford Motor India had also decided to raise prices due to similar reasons. After the latest revision, the company's flagship hatchback Santro will be costlier by Rs 3,601 to Rs 5,163 while, its premium compact car i10 will now be dearer by Rs 3,974 to Rs 7,637.

India's Reliance Infrastructure Ltd, part of the Anil Dhirubhai Ambani group, on Friday launched a Rs 700 crore ($144 million) buyback offer to boost its share price and returns.

The company said it would buy back shares from the open market at up to Rs 700 each, a premium of more than 27 percent to Thursday's closing price of Rs 550. It may be noted that the buyback announcement comes within a week of the infrastructure firm completing its Rs 796 crore buyback from the open market.

Mold Tek Technologies Ltd, a leader in Engineering and Packaging services, has entered into a 'Asset Purchase Agreements' for acquisition of Assets and Business of RMM Global, Ohio, UAS and its associate Company TechNet Engineering Services Pvt. Ltd., Mumbai for a total Sales consideration of US$700,000.

It may be noted that RMM Global and TechNet are well established in providing Structural Steel Detailing Services for last 8 years for their Clients in USA.

India's sixth largest publicly traded drug maker by sales, Wockhardt Ltd, has informed that it will be launching Levetiracetam tablets in the United States.

Recently, Wockhardt Limited has secured nod from the United States Food & Drug Administration (USFDA) for marketing the tablets containing 250mg, 500mg, 750mg and
1gm.

Levetiracetam is an anticonvulsant drug used for the treatment of epilepsy. It is S- enantiomer of etiracetam, structurally similar to the prototypical nootropic drug piracetam.