Finolex sets up Rs 20-cr IT institute in Pune
Finolex Group has set up an International Institute of Information Technology at the Hinjewadi IT park near Pune with an investment of Rs 20 crore.

InterTEC Comm to raise $5m for overseas acquisitions
Intertec Communications Ltd, a global Internet technology solutions provider and product developer is going for a rights or public issue or private placement through mutual funds or foreign institutional investors to raise $5 million.

High Court stays listing of KLG Systel shares
The Delhi High Court has stayed the listing of six lakh shares issued by software solutions company KLG Systel on a preferential basis to mutual funds, which include Alliance and SBI Mutual as well as foreign institutional investors.

Digital India to storm Fortress Europe
Moving away from the US-centric market approach, Digital India has decided to turn its focus on Europe. By 2003, the company aims to bring in a quarter of its revenues from the region.

ICICI, PwC pick up stakes in Kalyani group portals
ICICI Ltd is all set to pick up an equity stake in specialty steel and auto components portals promoted by the Pune-based Kalyani group. The Rs 50 crore project will also have equity participation from the global consulting giant PricewaterhouseCoopers. These two B2B portals will be operational within the next 90 days.

India Internet Show -- Spinning a Web to lure consumers
The India Internet Show was officially launched by CEOs of some of India's top dot.com companies today at the the Nehru centre in Mumbai. About 80 URLs are on display at the various stalls.


  e-Briefing
  BuyAsOne.com -- Deals and bargains site for consumer goods launched at Web Mela
  KhuljaSimSim -- ICICI picks up stake for Rs 9 cr
  News bytes
  Indo Rama first polyester major to implement full ERP package
  Karuturi.com to foray into CRM solutions
  CII to facilitate use of New Economy tools to invigorate old economy
  MTNL-SBI to co-brand credit card
  Ha! Santa Banta to go online
  Citibank Pvt Equity to put Rs 170 cr in IT firms
  Konka mounts an invasion of crowded US turf
  Olivetti considers share swap plan
  German govt to co-finance IT studies in univs
  `Love bug' author hid behind hacked accounts
  Gatorade's formula for staying on top -- A blitz of research
  Five IT firms listed in past one year fall below offer price
  US stocks stage a rally amid strength in technology sector
  Asian stocks mostly higher
  Software for stock brokers
  Taiwan stocks head for consolidation
  UTV offers stock option to employees ahead of IPO
  Britannia to score 20% jump in sales through cricket promos
  Just what is the Aim of HLL's new sachet-tubes?
  Globus to open three more stores this year
  P&G launches Tide
  HLL comes up with Surf Excel liquid
  After Lata perfume -- Indra for men
  Marketplace