Schroder to invest $6 million in Sun Tec
US-based Schroder Ventures has committed an initial venture capital funding of $6 million to Kerala-based Sun Tec Business Solutions Pvt Ltd for expanding its marketing and PR infrastructure overseas as well as a software development centre in India.

Channel [V] head quits, to set up a broadband venture in the US
Channel [V]'s head of India operations Suresh Bala has resigned and will be setting up a new broadband venture with a few partners in the US. Mr Arnab Chaudhuri, who was creative director and programming head, will look after the day-to-day operations of the channel.

IT-enabled services to be exempt from Factory Act in Andhra -- Naidu
Andhra Pradesh Chief Minister, Chandrababu N Naidu, has said that the state government would exempt IT-enabled services from the Factory Act and the Shops and Establishment Acts.


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