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News Digest: iLabs, Zylog, DoT-Bharti Hexacom, Lava, Vringo, Yepme

– 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

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