Rediff to acquire Thinkindia?
The latest dotcom buzz is that leading Indian horizontal portal rediff.com is close to acquiring Silicon Valley start-up Thinkindia.com, jointly promoted a few NRIs and the Dalmia group.

TDA Capital Partners, Edelweiss take a stake in InsureMagic.com
US-based venture fund TDA Capital Partners and investment bank, Edelweiss, have taken a "significant stake" in the insurance site InsureMagic.com, according to Ajay Arora, managing director, Datacomp Web Technologies, the company which has promoted the site.

BPL converges on Net-savvy products
WorldSpace satellite radio receivers with a USB port for Internet connectivity; Internet telephones; and a whole new affordable range of Web-TVs and interactive devices.


  ...to launch a slew of portals
  Italy's Enel to buy out Infostrada for 11bn euros
  Gen-X servers -- IBM unveils eServers in India
  Warner Multimedia to make music albums, feature films
  IBM to invest $5bn to expand chip-making
  e-Briefing
  New Zealand drive to woo Indian IT professionals
  Tarini Interactive unveils multi-media kiosks for railway information
  News bytes
  Lexsite.com enters content pact with RoltaNet, in talks with more ISPs
  Vijay TV seeks partners for children programmes
  Microsoft's Office for Macintosh to hit shelves
  Telecom privatisation policy has failed -- Paswan
  S3 swims into handheld market with Diamond Mako
  New G4 chip hits 1 GHz; Apple plans uncertain
  Indian American IT firm announcesalliances with two US companies