Walden Intl raises $1-billion fund
Walden International, a leading global venture capital firm, has announced the closing of its most recent fund Pacven Walden Ventures V. This will incorporate parallel funds which will operate under a single entity Pacven V.

Intel sells 15% stake in Bharti Telespatiale to Bharti Enterprises
Intel Corporation has sold its 15 per cent stake in Bharti Telespatiale the holding company for Bharti-BT Internet, which operates Internet services under the brand name Mantraonline to Bharti Enterprises.

DTH to cost Star $350-400 million
Star TV has put the preliminary estimation of its direct-to-home (DTH) project cost at $350-400 million. A business plan will be finalised after it receives clarifications on several issues from the government.

Govt-industry head for fireworks in advisory panel meeting
The impact of the US slowdown on the Indian IT sector is expected to trigger fireworks in the third meeting of the National Advisory Committee on Information Technology scheduled for 14th April.

Limited mobility -- Sikdar seeks DoT's response to House panel report
Minister of State for Communications, Mr Tapan Sikdar, is believed to have written a letter to Mr Shyamal Ghosh, secretary, DoT, seeking the dept's response on the issues raised in the Standing Committee Report chaired by Mr Somnath Chatterjee, which was presented in the Parliament on March 8, 2001.

`I don't see Fox entering Hindi film distribution'
Business in this industry is 365 days a year. The difficult part is that playing-time in halls is restricted. Each film requires a different treatment. You have to be clear in terms of the audience you are attempting to target.


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