Indian software major, Infosys Technologies reveals its plans to set up a new development centre in Kolkata at an investment of Rs 500 crore.

Hyderabad-based, Mic Electronics Limited has informed that MIC Electronics Inc.

The Department of Telecommunications (DOT) has allotted Unitech's subsidiary company, a 4.4 MHz of spectrum in 1800 MHz GSM band in Tamil Nadu service area including Chennai.

HB Stockholdings has informed that the company has increased its stake in DCM Shriram Industries to 3,831,776 equity shares comprising 25.05% of its total equity through open market purchases.

Chennai-based, Macmillan India has decided to purchase the fulfillment business being currently carried on by its wholly owned subsidiary, MPS Technologies at an approx. value of Rs 35 million.

Indian apparel maker, Bombay Rayon Fashions (BRFL) has entered into terms of understanding for taking over brand 'Guru' and other related retail business on going concern basis, with Italian compan