ICICI Venture plans to float Rs 50 crore incubator fund
ICICI Venture is launching a technology incubator fund having a size of Rs 50 crore. The fund will focus on Internet companies and the IT sector.

LG bid lowest for Rs 120 crore rural telephony pilot project
The bids for the first pilot project of setting up 20,000 fixed lines for rural telephony based on Wireless in Local Loop (WLL) technology, were opened by the Department of Telecom (DoT) on July 25.

Zee to launch 24-hr learning channel on August 15
The Subhash Chandra-controlled Zee TV will launch a round-the-clock education channel, Zed TV, on August 15. `A learning channel by Indians for all Indians', Zed TV would beam programmes that will supplement the business of the Zee subsidiary.

Infosys Tech invests in Singapore venture fund
Infosys Technologies Ltd on Wednesday announced a strategic investment of Singapore $1 million in M-Commerce Ventures Pte Ltd, a Singapore-based venture capital fund.

Tales your mother never told you about incubating trouble
After Indocean, the deluge? The recently reported case of DBS Internet which has dragged Indocean Chase Capital Partners to the courts for disregarding a letter of intent seems to have stirred a hornet's nest as far as disclosures of similar last minute volte faces by venture capitalists are concerned.

Software Technology Group to acquire US firm for Rs 12 cr
Delhi-based IT services company Software Technology Group has earmarked up to Rs 12 cr to acquire a company in United States over the next couple of months.


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