IDBI plans Rs 500 cr VC fund for IT
Industrial Development Bank of India Ltd is planning to set up a venture capital fund of Rs 500 crore exclusively for the infotech sector, according to a top official of the financial institution.

Satyam Info to buy bandwidth from SingTel for Net-over-cable
Cable Internet service planned by Satyam Infoway Ltd is to be expanded to cover all major cities and metros in the country in the next six months.

Nova Petrochem may offer minority stake to US partner in IT venture
The Rs 250-crore Nova Petrochemicals Ltd is likely to offer a minority stake to the US-based MS Technology Inc in the proposed infotech subsidiary of the company.

Debt-free HFCL saves Rs 75 cr on interest
Delhi-based Himachal Futuristic Communications Limited (HFCL) has pre-paid a large component of its Rs 396.85 crore-debt to become an entirely debt-free company, according to senior company officials.

Star TV invests Rs 50 crore in broadband cable project
Star TV plans to invest around Rs 50 crore over the next six months to Internet-enable select cable networks across the country. Talks are also on with several Indian companies to assemble cable modems in the country.

ETN plans global Punjabi channel
Entertainment Television Network (ETN) will launch a global Punjabi channel, ETC Punjabi, in June 2000, at an initial investment of Rs 35 crore.


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