- Venture capitalist Srini Raju, who is the promoter of iLabs Venture Capital Fund, is in talks with private equity players to sell as much as 35% stake in Associated Broadcasting Company (ABCL) that runs the TV9 regional channels. Read more at Business-Standard - Zylog Systems Ltd is looking to expand its presence in Australia by setting up its own office in the country, with an initial investment of around $2.5 million (around Rs 12 crore).Its plans for acquisitions mainly in the ERP space, in the range of $75 million to $ 100 million, are ongoing, said company officials. Read more at Business-Standard - DoT may ask Bharti Hexacom to pay 20% dividend to public sector company Telecom Consultants of India (TCIL). Read more at The Hindu Businessline - Lava International one of the new entrants in India's growing mobile handset space is set to invest $15 million (around Rs 67 crore) for expanding into overseas markets. Read more at The Hindu Businessline - Telecom regulator TRAI has said that it will take 4-6 weeks to curb the menace of unsolicited calls and SMSes after DoT cleared the '140' number series exclusively for landline phones of telemarketing companies. Read more at The Economic Times - Yepme, an online fashion brand showcases its Private Label Men's Apparel, Footwear and Accessories collection. Press Release - Vringo, a provider of software platforms for mobile video applications and video ringtones has announced financial results for the quarter ended June 30, 2011. Press Release
