With two more US companies in its fold, Rediff seems determined to become the King of the NRI-space. Ericsson goes for wireless internet, and Railways chants the e-com mantra. Plus, new dimples on VC cheeks. Reports from Bangalore indicate the firm, backed by eVentures India, is in dire straits. Rupert Murdoch's News Corp-backed ePartners, and P.K. Mittal of the Ispat Group.
Somebody is side tracking.
The proposed entity will be a division of Railtel Corporation, and is expected to be incorporated by July 2001. It's off, finally, and officially. Both the Bharti Group and Spectranet have clarified that their proposed broadband deal has been cancelled. After Tata Cellular Limited, it's now the turn of Bharti Group's AirTel to launch WAP services in Andhra Pradesh and Karnataka. The company plans to launch this service by mid-April.