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.

Crossed signals -- Telephone usage slows down in India by 12% in one year
Despite the ongoing hectic efforts to increase telephone density and the consequent massive network expansion plans, telephone usage is actually coming down. The trend, which is visible in the data of the last few years, is a worrying trend that would cause concern among the telecom companies.

B4U to supply 30 blockbusters a year to DD
B4U has signed a three-year contract with Doordarshan to supply big blockbusters on the national network. "We signed the deal last week. We will be airing 30 blockbusters a year for them," said B4U chief executive officer Ravi Gupta.

SDRC on an e-business restructuring spree
SDRC has restructured it's business to drive the company's e-business initiative. The company has launched Web-based solutions to enable manufacturers create products better, faster and cost effectively with its offerings e-Mechanical Design Automation, e-Collaboration products, e-Product Knowledge Management and e-business integration.


  ...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
  IT stocks shed up to 42% as bears tighten their grips
  Vision Organics' Rs 14.5cr IPO atRs 40 opens on October 19
  European stocks bounce; Paris sees two flotations pulled
  Household investors feel US 64 a safe bet -- Survey
  Novartis shareholders approve Syngenta spin off
  Asian markets
  Swatch to launch its first India campaign, to spend Rs 5 crore
  The changing colours of Modi Revlon
  Distribution strategy -- S Kumar's Synfabs goes in for direct-to-retail system
  Microsoft takes low profile in Mac ads; shows it cares about Apple's users
  Market place