SMS GupShup, the world’s largest and fastest-growing mobile community platform, has notified that it has received investment of US$11 million from Helion Ventures and Charles River Ventures.

The move will enable SMS GupShup to innovate faster and deliver great products to consumers, advertisers and enterprises.

The company intends to use funds for business growth, product development and increased sales and marketing.

The world's leading provider of consumer electronics and digital technology, LG Electronics, has announced the mega launch of its wide range of Microwave Ovens in the country. 

Aiming to provide the best cooking experience to the Indian Women, the company has introduced the new models in the Solo, Grill as well as Convection technology.

The new range starts with a Price of Rs 3890/- for a basic Solo to Rs 5590/- for a Grill and Rs 9990/- for a Convection Microwave Oven.

Mauritius Based Pavers Foresight Smart Ventures announced a 50:50 JV with the 150 millon Euro Company "Fly Flot" of Italy. 

Fly Flot is the largest footwear manufacturer in Europe, with presence in 57 countries, and produces close to 7.2 Million pairs of footwear annually. The firm among the worldwide leaders in direct injection polyurethane comfort technology.

Under the arrangement, both partners would invest Euro 2 million for the setup of a Greenfield plant in Tamil Nadu. 

Aaress Iron & Steel Ltd (AISL), the unit of Baldota Group, is setting up a new Rs 4,700-crore steel plant at Koppal, in northern Karnataka to cater the needs of the automobile industry and other high-value added engineering segments.

The project will be executed in two phases and the company aims to start production by mid-2010 with an initial capacity of 1.2 million tones annually. The total capacity of the plant is expected to be around 5 metric tones. 

The Rockland Group has informed that it will invest Rs 1200 crore to create a chain of Healthcare facilities in the National Capital Region. 

Under the proposed plan, the group will construct buildings of 4 new multi specialty hospitals, satellite clinics and an interactive media platform. 

Yesterday, the group launched the OPD facilities of the 250-bedded Rockland Manesar multi specialties hospital, which is the second in the chain of Hospitals.