CMC forays into ASP, targets JVs
Government-controlled CMC Limited has put together its diversified domain expertise in developing software applications to launch Applications Service Provider (ASP) operations.

PassionFund bankrolls education site CompassBox.com
PassionFund, the angel fund managed by Mahesh Murthy, former chief of Channel V and Arun Pai, formerly of Arthur Andersen, has angel funded CompassBox.com, an education site which has just commenced operations.

Walt Disney in toon talks with Alpha -- after giving Zee the mickey
Walt Disney is talking to Zee Network to provide programming for the Alpha brand of regional language channels, even as it has pulled out its dubbed Hindi shows from Zee TV to settle for a three-year contract with rival channel Sony TV.

On the move: Bank of Punjab ready for mobile banking
Bank of Punjab has developed a Short Messaging System (SMS)-based mobile banking solution. The solution, which is Wireless Application Protocol (WAP) enabled, was launched by Spice Telecom in Chandigarh last week, says Tejbir Singh, executive director, Bank of Punjab.

Malayalam stars invest in film production facilities
Riding on a television boom unfolding in Kerala, some of the leading personalities in the tinsel world have lined up for building up infrastructure for film-making.

Mind your e-biz -- or someone else will
The number of Net subscribers will cross 11 million by 2003. Or at least that is what a survey conducted by the Nasscom predicts.


  Centre must cut phone charges for Net users
  Punjab govt to link all villages via Fibre-optic network by end-20001
  E-Briefing
  Instaknow.com launches active collaboration engine
  Regulatory vacuum could stifle e-commerce growth
  Website rejects FBI control bid
  News bytes
  Zee News eyes global markets, plans joint ventures abroad
  Dubai Internet City kicks off e-business contest
  Oracle is tech partner to airline industry's largest B2B exchange
  Compaq expands into Korea PC market
  Ailing KR Steelunion turns Net-savvy, invents Y-beam
  In search of a tool...the key to B2B in India
  Brand-building
  Oswal Infosys ties up with Multimedia K.I.D Inc to market, distribute products
  Net ad-spend set to soar 37% in 2001--02, revenues to exceed $7 billion in 2000
  Advertisers target mobile phones as the newest place for pitches
  Marketplace
  FII selling, rupee crash make IT stocks attractive
  Techspan Inc plans to go public by early 2001
  Indian-American promoted Support.com IPO rises 133%
  Asian markets