Viom Networks Raises $304 Million From SBI Macquarie Fund
SBI Macquarie Infrastructure Fund (MSIF) has picked up 11 per cent stake in telecom infrastructure company Viom Networks, previously known as Quippo-WTTIL, for $304 million, from SREI group-promoted Quippo Telecom Infrastructure (QTIL), which has a 46 per cent stake in Viom. [The Hindu Businessline]
DEN Networks Plans To Raise Rs 7.5 Billion
DEN Networks plans to raise Rs 7.5 billion by diluting 10-15% stake, over the next 6-9 months, in an attempt to be best positioned when digitisation spreads accross India. [IndianTelevision.com]
e-Portal Launched To Help Farmers
A food chain concept based farmer friendly and farmer centric e-portal, www.efreshindia.com, available in English and Hindi, was launched on 11th August. The portal creates connectivity between the suppliers and the buyers and will help increase farmers income through increased agricultural productivity. [PIB]
Jeffery Hayzlett Joins VDOPIA’s Advisory Board
iVdopia, a video and rich media mobile advertising network has announced that Jeffrey Hayzlett, former VP and CMO of Eastman Kodak has joined the company’s advisory board. Hayzlett, the author of “The Mirror Test: Is Your Business Really Breathing?” will take on the role of a strategic advisor for VDOPIA.
India To Have A Personal Navigation System By 2014
Indian Regional Navigation Satellite System, a personal navigation system is being developed by Indian Space Research Organisation, at a cost of Rs. 1420 crores, including constellation of 7 satellites and complementary ground infrastructure. [PIB]
India To Launch Satellite To Monitor Sea Water Level
Indian Space Research Organisation and the French National Space Agency will together launch SARAL (Satellite with ARGOS and ALTIKA) satellite to monitor the sea water level, by 2011. While payloads will be built and supplied by France, building and launching the satellite would be India’s responsibility.[PIB]
Ultra Mobile Brings TV Channels To Handsets
Ultra Mobile Technology Pvt Ltd, to launch a service enabling users to access TV channels on their handheld devices, also a series of handsets which facilitate easy TV viewing.
[India PR Wire]