Edelweiss Capital garners$ 3 million in combo round
Edelweiss Capital, the portfolio management and investment banking company which has advised several new economy cos, has raised funds to the tune of $3 million in a combination round which involved both VC funds and individual investors.

BSNL projects capital outlay of Rs 19,100 cr for 2001-02
Bharat Sanchar Nigam Limited is planning a capital outlay of Rs 19,100 crore for 2001-02, the first full financial year for the newly corporatised behemoth.

New code -- Domestic market to be key revenue driver for Wipro Infotech
From historically being a hardware company, focused on products and services, Wipro Infotech the Indian IT products and services arm of the homegrown infotech giant Wipro Ltd is all set for a new `organic growth' plan charted out on a four-year growth trajectory.

Parsec Tech to set up subsidiary in US, to raise $10 million to fund expansion
Parsec Technologies, a software company engaged in server-based call centre solutions, is setting up a subsidiary in California, US with an initial investment of $1 million. The investment plan has been cleared by the Reserve Bank of India.

Divergence on Convergence Bill draft?
Where will the Convergence Communications 2001 Draft Bill be placed on the Internet? That's a big question waiting to be answered.

Mobile telephony continues to ring in new subscribers
Worried over the impending entry of a fourth player and the back-door entry of basic service providers onto cellular turf? Take heart: the market for mobile telephony has been growing at an exponential rate and in a growing market there is room for more players.


  Small and medium firms from 30 countries to participate
  MIT US team in India to explore Media Lab Asia venture
  Conference on TDIL from today
  Microtek plans to up capacity by one million
  DishnetDSL in partnership with CDSL
  News Byte
  Govt sets up panel for entertainment sector
  IndiaVision to float channel for Gulf viewers
  Convergent buys its way into high-end networking
  Net exchange in Mumbai by March
  FIT to showcase Indian IT players at key European Union meet
  Compaq shifting focus to equity partnership
  Online share trading is waiting to take off in India
  News Byte
  E-Briefing
  Ray-Ban steps out of the shade
  Luxottica restructures Ray-Ban ops
  RK Swamy BBDO to launch new division Proximity
  Noida toll road project hits marketing expressway
  Microsoft launches ad campaign to promote big-business software
  Marketplace