Spice Communications readies plan for strategic expansions
Cellular service provider Spice Communications -- a joint venture between the BK Modi Group, HongKong-based Distacom Communications Ltd, Prudential and AIG Asia Investment Fund -- is drawing up plans for massive expansion and network consolidation.

KPMG keen on e-commerce alliances with Indian firms
KPMG India is looking at partnerships with Indian infotech companies in e-commerce and other service areas, related to emerging businesses such as insurance.

Star TV India aims to break even in 18 months
Rupert Murdoch-owned Star Television's India operations are expected to break-even over the next 12 to 18 months. However, it may take up to two years after that for the broadcaster to wipe-off accumulated losses, which are in excess of $100 million.

Global Internet Ventures sets up $150-million seed fund
US-based Global Internet Ventures is all set to commence strategic funding operations in India as part of its strategy to focus on the emerging technology markets in India and China.

IT effects -- Cyberabad emerging specialist in 3D animation
Thanks to its abundant IT skills and rich cinema fare, Cyberabad is fast turning into a major centre for 3D special effects for film and TV, apart from becoming a major contender for the $3 billion global 2-D animation market.

Kalki Communication sells 24% equity to raise $4m of venture capital
Bangalore-based start-up Kalki Communication Technologies Pvt Ltd has drawn up strategic investment plans as part of its growth initiatives.


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