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---------- Forwarded message ----------
Date: Sat, 17 Feb 2001 14:14:22 "GMT"
From: Osama Manzar <osama@inomy.com>
To: fred@bytesforall.org
Subject: iNomyNewsletter, Vol 66, Sat, Feb 17
I N O M Y
The Internet Economy Of India
http://www.INOMY.com
A Weekly Newsletter of the media coverage of INOMY
<<<============================================>>>
Saturday, February 17, 2001 | Vol - 66
<<<-=-=-=-=-=-=-= Editor's Note -=-=-=-=-=-=-=-==-=-=-=-=-=->>>
Hi Friend,
India's growing stature worldwide is again reconized with MIT Media Lab
selecting New Delhi for its prestigious Media Lab Asia project. An
agreement to this is to be signed between MIT and the Indian government
shortly, with India expected to bear 20 percent of the $1 billion cost.
Unconfirmed reports also say the Foreign Investment Promotion Board is
about to clear an FDI proposal worth Rs 5000 million for AOL's entry into
India. These two developments signify a strong invester confidence in the
Internet Economy of India.
To find out how the Internet Economy is shaping up in India on a
day-to-day basis, read our incisive reports on www.inomy.com - updated
daily.
We will appreciate your input to make INOMY your own site.
Regards,
Osama Manzar
Editor-in-chief
editor@inomy.com
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Top Stories
<------------>
- IBM to pour $ 100 million in Indian software lab
Singapore: IBM has opened a software development laboratory in India and
plans to invest $ 100 million into it over the next three years.
http://www.india.cnet.com/news/2001/02/16/20010216o.html
- Hacking under Section 66 creates confusion
New Delhi: The recent court order under Section 66 of the Information
Technology Act, 2000 on Friday to reject the bail plea of two persons who
were charged with blocking a site which is hosted on the their server, stirred an hornet's nest.
http://www.timesofindia.com/today/12info1.htm
Other Top Stories This Week:
- America Online plans India entry
http://www.economictimes.com/today/15tech01.htm
- Satyam UK centre launches enterprise integration
http://www.indiaserver.com/businessline/2001/02/14/stories/151439cc.htm
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| To view these and more stories, click at http://www.INOMY.com |
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<<<-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=->>>
Corporate
<------->
- DoT suggests 19% effective customs levy on cell handsets
New Delhi: The Department of Telecommunications (DoT) has met half-way
the cellular industry's demand to reduce custom duties on cellular handsets.
http://www.financialexpress.com/fe/daily/20010212/fco12001.html
- The Indus Entrepreneurs inaugurate UP chapter
New Delhi: The Indus Enterpreneurs (TIE) Uttar Pradesh chapter was
launched recently in Kanpur by Mr Kanwal Rekhi and Mr Pavan Nigam, the co-founder of Healtheon/Web MD.
http://www.financialexpress.com/fe/daily/20010214/fco14016.html
More stories in this category:
- Wipro Tech plans mega tech campus in Cyberabad
http://www.indiaserver.com/businessline/2001/02/16/stories/151639aa.htm
- Kerala has over one lakh Internet subscribers: IT Com India
http://www.india.cnet.com/news/2001/02/15/20010215g.html
- Caltiger launches first international gateway
http://www.timesofindia.com/today/15info20.htm
- Empowertel shuts down India operations
http://www.economictimes.com/today/15tech11.htm
- ValueSource sets aside Rs 4 crore for software development centre in Chennai
http://www.financialexpress.com/fe/daily/20010212/fco12003.html
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| For more stories, click at http://www.INOMY.com |
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E-commerce
<-------->
- ABN Amro Bank kicks off single window online auto-loan scheme
Mumbai /Hyderabad: ABN Amro Bank announced the launch of its online
auto-loan product on Saturday. The Web-based auto loan deal automation
system (ALDAS), brings all entities involved in loan processing on a
single platform and enables online processing and status enquiry of an
application.
http://www.financialexpress.com/fe/daily/20010212/fec12016.html
- Now, pay LIC premiums over the net
Mumbai: LIC of India is tying up with HDFC Bank, ICICI Bank,
Timesofmoney.com and Billjunction.com for enabling premium payments over
the internet.
http://www.economictimes.com/today/13tech23.htm
Other story featured this week includes:
- Eider to launch e-shopping malls across the nation
http://www.financialexpress.com/fe/daily/20010214/fco14008.html
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| For other E-commerce stories visit http://www.INOMY.com |
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Tech Bytes
<-------->
- VIA Tech launches Cyrix III processors
New Delhi: The Taiwan-based VIA Technologies has announced the launch of
its new generation Cyrix III processors.
http://www.india.cnet.com/news/2001/02/16/20010216i.html
- Tally launches eis 5.4
Bangalore: Bangalore-based Tally Solutions has announced yet another
release, Release 6 (b) for its popular financial accounting
software: Tally eis 5.4.
http://www.timesofindia.com/today/15info16.htm
More Tech Bytes:
- Lexicon Infotech launches e-mail product
http://www.indiaserver.com/businessline/2001/02/14/stories/151439hb.htm
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| Visit http://www.INOMY.com for more stories |
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Policy
<---->
- IT industry may get key tax incentive
In a move that would facilitate mergers and acquisitions in the infotech
industry, the government is likely to make changes in Section 10A\10B of
the Income Tax Act so that IT companies operating in special zones can
avail income tax exemption even after changes in the company’s shareholding pattern.
http://www.business-standard.com/today/economy6.asp?Menu=3
- Center to release 7.5 cr phone connections: Paswan
Jalandhar: The Union ministry of telecommunications has decided to
release 7.5 crore telephone connections throughout the country in the
next five years.
http://www.india.cnet.com/news/2001/02/09/20010209ad.html
A Sample of the other stories in this section:
- Hardware exporters may get domestic nod
http://news.itspace.com/Corporate/corp010215_01.asp?
----------------------------------------
| Visit http://www.INOMY.com for links |
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Finance & Acquisitions
<-------------------->
- ITIL picks up 25% in online entity of UK-based firm
New Delhi: The Usha Group company Information Technology India has picked
up 25 per cent stake in the online subsidiary of a UK-based jewellery
house for over Rs 2.25 crore.
http://www.economictimes.com/today/12tech14.htm
- Singapore firm to buy 9 pc in Jindal Online
Mumbai: The Singapore-based Kay Pee International has offered to acquire
nine per cent equity stake in Jindal Online.com Ltd at Rs 290 per share.
http://www.indiaserver.com/businessline/2001/02/13/stories/151339pp.htm
Other stories in this section include:
- Canbank Factors may invest in IT, FCI tieup
http://www.economictimes.com/today/12tech16.htm
- Ways India buys McDonell Associates
http://www.indiaserver.com/businessline/2001/02/14/stories/151439uc.htm
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| Visit http://www.INOMY.com for more stories |
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Venture Capital
<------------->
- Wilsys gets $1 m US funding
Hyderabad: Wilsys Technologies, a Hyderabad-based software research
company focussing on wireless application protocol (WAP) and infra
red-related solutions, has secured a $1-million funding from a US-based
angel investor, Infostar Inc.
http://www.indiaserver.com/businessline/2001/02/12/stories/1512391d.htm
- vSplash.com tying up $5 m in second-round funding
Thiruvananthapuram: The Hyderabad-based vSplash.com India, known for its
browser-based, multimedia-enriched, zero-programming end-user Web site
development tool of the same name, is tying up $5 million in the second
edition of venture capital funding.
http://www.indiaserver.com/businessline/2001/02/13/stories/151339dd.htm
- GVP plans to back Indian start-ups
http://news.itspace.com/vc_startups/vc010214_01.asp?
No other stories in this category:
----------------------------------------------------
| To view more stories, go to http://www.INOMY.com |
----------------------------------------------------
People & Viewpoint:
<----------------->
- E-security needs change of traffic rules
New Delhi: Danger lurks in every nook and corner of the information
highway as websites of world fame get breached often keeping the surfers
at bay, highlighting the need for urgent measures against hackers.
http://www.economictimes.com/today/12tech13.htm
- Infosys chief keynote speaker at St Gallen meet
Kolkata: The All-India Management Association (AIMA) and the Calcutta
Management Association (CMA) have agreed to promote the annual symposium
held under the aegis of University of St. Gallen, Switzerland.
http://www.indiaserver.com/businessline/2001/02/15/stories/151539bb.htm
Other feature in this section includes:
- Become part of global commerce evolution, earn money
http://www.timesofindia.com/today/16info17.htm
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| For details go to http://www.INOMY.com |
-------------------------------------------
------------------------------------------------
Site Launches
<----------->
- KGL-Wonderware launch new portal
New Delhi: KGL System and USA's Wonderware Corp have announced the launch
of a new portal SuiteVoyager offering complete control for industrial
automation via Internet and Intranet.
http://www.india.cnet.com/news/2001/02/16/20010216k.html
- Sify relaunches walletwatch.com
http://www.indiaserver.com/businessline/2001/02/16/stories/151639le.htm
- Times-Citigroup launch timesofmoney.com
http://www.india.cnet.com/news/2001/02/15/20010215d.html
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| View more site launches at http://www.INOMY.com |
--------------------------------------------
-----------------------------------------------
IPO Watch
<----------->
- Mid-day Multimedia to tap capital market with Rs 50 crore IPO
Mumbai: Mid-day Multimedia Ltd (MML), will tap the capital market with an
initial public offering (IPO) of Rs 50 crore, 90 percent through the
book-building route, to part-finance its expansion plans.
http://www.india.cnet.com/news/2001/02/09/20010209ak.html
- D-Link (India) IPO opens on Feb. 20
http://www.indiaserver.com/businessline/2001/02/16/stories/151639dd.htm
------------------------------------------------------------------------
International Top Stories
<----------------------->
- Napster's Beat Goes On – for the Moment
Napster's prospects of becoming the next music empire dim when a
U.S. appeals court partly upholds a ruling that the song-swapping service
is liable for copyright infringement.
http://www.thestandard.com/article/display/0,1151,22133,00.html
- Macromedia is positioned for the 21st century
Rob Burgess has come a long way since he sold process-control computers
in the 1980s for Digital Equipment Corp. DEC, now part of Compaq up in
Canada's northern mines.
http://www.upside.com/texis/mvm/hardwareSoftware/story?id=3a6f356210
- Can we bank on e-learning?
The online education market is still in grade school. One thing for
sure: e-learning companies have a lot of homework to do.
http://www.redherring.com/industries/2001/0213/ind-mag-92-elearning021301.html
Other stories in this section include:
- E-commerce to take off in China
http://www.insidechina.com/investorinsight/business.php3?id=287002
- LoanGenie.com Banking on Rise in E-Refinancing
http://www.latimes.com/business/cutting/20010212/t000012893.html
- Macromedia is positioned for the 21st century
http://www.upside.com/texis/mvm/hardwareSoftware/story?id=3a6f356210
- Riverstone leads IPO week
http://cnnfn.cnn.com/2001/02/10/deals/sat_ipos/
For the rest of the Inomy sections including E-Quotes, Major Campaigns,
Online Advertisements, Columns, Press Releases, please visit
http://www.INOMY.com
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<<<-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=->>>
Feedback & Problems
<----------------->
Send letters/comments/queries/suggestions etc to editor@inomy.com
Editors:
<------>
- Osama Manzar (osama@inomy.com)
- Sanjaya Gupta (sanjaya@inomy.com)
- Dr Madanmohan Rao (madanr@inomy.com)
- Tufail Ahmad (tufail@inomy.com)
- Dhiraj Sinha (dhiraj@inomy.com)
You can also contact us via phone or mail:
Editor
Inomy.Com - The Internet Economy of India
D-1 Commercial Center Basement
Soami Nagar South
New Delhi - 110 017 India
Telefax: 91-11-6015602/3/4
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