We all know that the iPhones came to India with a great bang, but were not that well accepted by the users due to its high costs. The 8GB model was introduced at Rs. 31,000 and the 16GB model was available at Rs. 36,100.

So in such a verge when the demand of these iPhones launched by Airtel Bharti and Vodafone is going down, both the companies have adopted the plan to sell the iPhones through easy monthly installments (EMI) scheme.

This scheme will be however be available to only to Visa Credit Card holders, as Bharti Airtel has entered in an agreement with Visa credit card and four banks, which include ICICI, HDFC, CitiBank and SBI.

Stone India is planning to acquire stake in the European company, which make components for the European railways.

The Ashok Leyland and Nissan project will be operational soon. The project started the first step after signing the MoU with the TN government. A land of 380 acres would be acquired to set up the facility.

It will be set up at Pillaipakkam which is located 40 KM away from Chennai. The MoU was signed between the state's industries secretary MF Farooqui, R Seshasayee and Andy Palmer.

The chief minister of Tamil Nadu was also present on the occasion. The state government said that the set up of this project would increase the chances of employment in the state. The project is expected to give employment to around 4500 people directly and indirectly.

Tata motors would not resume the work at the project site in Singur. It has separated itself from the between the West Bengal government and the Trinamool Congress. Tata is not satisfied with the agreement and it has objected to some clauses.

Tata is not in the favor of any intervention in the mother plant and the vendor park. It considers it as an integral part of the project and ruled out any possibility of relocation of acquired land. Tata also termed the text of the agreement as unclear.

To improve its telecom network, the state owned Bharat Sanchar Nigam Ltd (BSNL) has announced it’s plan to invest Rs 499 crore this fiscal year in Kolkata. The telecom operator is also venturing to provide data services to its subscribers.

Speaking on this, S.K. Chakravarty (GM-Calcutta Telephones) said, "We plan to launch data card in October."

Chakravarty further added that the company will also come up with 575 3G BTS by the end of this December at a cost of Rs 60 crore. Another 97 crore will be invested for expanding its services in the field of CDMA.

Micro Technologies Limited, a global provider of security, safety and life-support solutions, has launched the Micro Mobile Controller System, a software to manage mobile handsets with the help of the add-on recipient mobile number.

The company stated in an official release, that if the customers has lost his mobile, the software helps the user to create a back-up of all contact details. The software will also allow the user to retrieve and delete contact details, MMS and SMS through the add-on user's mobile.