Risk Management Series
Wednesday, June 28, 2000

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Think Tank
This week we focus on a complete analysis of the
diamonds industry
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GSM Capital ups venture funding ante in Indian wireless start-ups
The Boston-based GSM Capital -- a part of the Argo Global Capital Inc.-- one of the largest venture capital funds targeted exclusively at investing in the wireless Internet, telecommunications and Internet space.

Sriven Multi-Tech picks up 51% in US 3D firm
Sriven Multi-Tech Ltd, a Hyderabad based company which is into multimedia, software and 2D animation has acquired a 51% stake in the Los Angeles-based Station X Entertainment Inc.

SABe TV to beam into UK, US homes, looks for alliances with local partners
Sri Adhikari Brothers Television Network plans to take its Hindi entertainment channel, SABe TV, to the UK and US markets within two months.

Equitytrade.com trades 5% equity for funds
A Hong Kong-based angel investor has picked a 5% stake in Mumbai-based online trading site Equitytrade.com according to Kapil Sanghi, co-founder of the site.

Bimaonline.com ties up Rs 20 cr VC funding
The insurance portal Bimaonline.com is getting venture capital funds of Rs 15 to 20 crore to part fund its expansion & brand promotion plans over the next 24 months.

Online biz booms as pharma firms start co-branding with health sites
The "E" in health may just increasingly stand for e-biz, if the findings of a snapshot survey done by The Financial Express on the leading Indian health portals is anything to go by.


  MTNL, American Express float co-branded credit card
  Western Outdoor spends Rs 35 crore on new tech
  Rosebazar goes online with one of the fastest auction engines
  P&G rolls out Pantene Lively Clean
  Morelinux to make US foray with a suite of Linux-based products
  Indiainfoline in content pact with eMecklai
  Amtex plans Rs 150cr IT expansion
  Pepsi ties up with Mindzone.com, Vertex to launch Sports ID card
  Infosys Tech incubates company in California
  AremisSoft to focus on India with Bangalore facility
  AEC Business School to open shop in Chennai
  MS, AT&T to cement Japan cable TV footing
  News bytes
  Market Probe Inc offers customer satisfaction, qualitative research
  e-Briefing
  Brand promotion through e-mail
  Compunnel Software to raise $6 mnfor expansion
  Cyberspace Multimedia usesUco Bank stamp for IPO
  Indo Nation launches Khaki Club range of apparel
  Aksh Optifibre offers a long-term investment opportunity
  GDR Software lists at a premium of 89%
  Marketplace
  SIP Technologies' initial publicoffer openson July 12
  Foreign markets
  News bytes
  SingTel, Virgin Mobile keen to take stake in HK telecom firm
  May the iForce be with you -- sun sets aside $6 million for India initiative
  ICICI Bank to introduce Internet kiosks
  Five global firms in race for Tidel Park O&M contract
  Hexaware offers to take care of dot.coms' IT reqirements
  Tidel Park offers software MNCs quality IT space

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