ICICI Venture to ramp up fund base by $200 m this fiscal
ICICI Venture Funds Management Company Ltd is in the process of raising an additional fund base of $200 million for the current fiscal. The funds are expected to be in within three-to-six months, according to the company's managing director & chief executive officer AJV Jayachander.

Sun to rise on the Internet thru cable backbone
The Sun Television group will float a company to make a foray into Internet and e-commerce services and has plans to set up an Internet gateway by next year.

Citibank picks up 33% in Crossword Soft
Citibank on Wednesday picked up 33 per cent stake in Crossword Software Pvt Ltd, according to a press release. Crossword is a telecom software company specializing in telecom OSS solutions, mediation systems, CTI and IVR (call center) solutions.

Baron jumps on Net bandwagon, to unveil set-top models in August
The Rs 1,100-crore consumer electronics major Baron Electronics Ltd is all set to join the Internet bandwagon. As a prelude, the company will launch its set-top box models in the Indian market in August this year.

Seagate to roll out glass, high-storage disks
Disk drive major Seagate is looking at building up a prototype portfolio of high-tech storage media with high capacities and made of alternative materials like glass, according to Seagate's RMO (recording media operations) vice-president (RMO, Asia operations) Phillip J Maher.

Mere Mehboob.com on the lookout for VC funding
The Mumbai-based Mere Mehboob.com India is in talks with both local and international venture capitals for financing various projects in e-commerce. The company proposes to launch a separate Website for e-commerce within the next two to three months.


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