Updated from 5:07 p.m. EDTIndia's Bombay Stock Exchange Index was closed Monday for a public holiday. Leading Indian information technology company Satyam ( SAY) announced it will set up a software development and support facility in Australia in an effort to reduce its dependence on the U.S. market. The new center will be located in Geelong and will house 2,000 employees. American depositary shares of SAY, which trade on the NYSE, finished down 0.8% at $22.57. Elsewhere in the Indian information technology sector, Wipro Limited ( WIT) plans to build a research and service facility in the south-western Polish city of Wroclaw, according to the newspaper Gazeta Wyborcza. Wipro plans to hire over 200 IT specialists as part of the expansion into Poland. Shares of WIT finished up 1% at $11.14. Indian global communications giant Tata Communications ( TCL) said it has inked a partnership with TE Data SAE, a subsidiary of Telecom Egypt SAE to expand its global VPN services into Egypt. Shares of Tata Communications finished down 0.7% at $22.69. Indian integrated Internet, network and electronic commerce service company Sify Technologies ( SIFY) announced it will sell a stake in the company worth $12.8 million to Satcom Universal Private, effective March 24. Sify will sell Indian equity shares for $4.46 apiece in an effort to raise $57.2 million to fund growth initiatives. Shares of SIFY finished the day down 6% at $4.58 on the news. Leading the decliners among Indian ADRs were HDFC Bank ( HDB), which also lost 2.8% to $93.58; Icici Bank ( IBN), which fell 1.9% to $38.21; and Mahanagar Telephone ( MTE), which fell 1.8% to $4.82. Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.