iCMG raises $15 m venture fund for new tech and turf
Internet Component Management Group (iCMG) has raised $15 million venture capital funds to invest in newer technologies and also to set up offices in 14 countries including India, Sri Lanka, Australia, Germany and UK.

Advance Group plans to invest Rs 350 crore in third-party services
Delhi-based Advance group plans is making a foray into infrastructure support services for private FM radio players with an investment in excess of Rs 350 crore over the next one year.

Tidel wave -- TIDCO starts work on second IT park
Bouyed by the success of Tidel Park which was inaugurated last month by the Prime Minister, Tamil Nadu Industrial Development Corporation (TIDCO) has already started work on the second IT Park on the lines of Tidel in Chennai.

US VC invests Rs 6 crore in Findstone.com
Findstone.com, a B2B site dedicated to the granite and marble business has availed of Rs 6 crore from US-based Venture Capital firm, View.

Why is this ISP so confident that first-mover is also first-in-class?
E-Commerce Opportunities Private Limited -- part of the Pioma Group, -- is exploring the possibility of a tie-up with large multinational IT players like America Online (AOL) and Sprint which are in the process of making a regional base in India.

Compaq India launches Presario 5000, 7000 desktop series
Compaq Computer India has launched a new line of Compaq Presario desktops, the Compaq Presario 5000 and 7000 series.


  IBM India to set up lease-finance arm
  Infosys eyes stake in global e-comm, broadband firms
  Clarent Corp signs pact with D-Link India for R&D, VOIP products sale
  Outlook Group unveils travel portal, personal finance portal on cards
  TRAI to propose access deficit charges for trunk telephony
  MTNL C&D staff stage protest against wage agreement
  Global Trust Bank, Tata Cellular in tie-up to launch mobile banking
  Haryana govt releases CD-ROM on service matters
  News bytes
  Vinod Dham's Silicon Spice acquired for $1.2 bn in stock
  NeST ventures into WAP terrain
  Kaun banega careerpati at Go4careers.com's fair?
  Rajasthan govt announces fresh sops for IT sector
  E-comm benefits should extend to rural areas too, says Paswan
  TiEing up support -- the latest mantra for startups
  Be it B2B or B2C, IT's all about P2P after all
  D-Link India to hit the market by Sept; plans Rs 45-crore issue
  Euro shares fall in line with Asia on profit-taking
  Datanet's Rs 3.15-crore IPO opens on August 23
  Psion flags flotation of Symbian, not before mid-2001
  Shares mostly lower despite higher US stocks
  Ogilvy & Mather, Chaitra Leo Burnett get interactive
  HelpAge India targets 30% revenue growth
  Archies activates e-commerce strategy
  Branding exercise -- Epson pitches for gloss
  DDB's New York office revamps leadership
  Marketplace