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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (12)12/20/1999 4:47:00 PM
From: Mohan Marette  Read Replies (1) of 494
 
ICICI, SIFY to set up 1,000 cybercafes

THE battle for Indian mindspace is entering a new orbit. The newly-engaged dot. com venture icicisify.com has drawn up plans to create huge brick-and-mortar cyber-structures to spread the click mantra and cross-sell financial products on the Net, report Madhvendra P Das and Sourav Mukherjee from Mumbai.

The plan, to be executed by parents ICICI Ltd and Satyam Infoway (SIFY), envisages the setting up of around 1,000 cybercafes by SIFY in which ICICI Bank would implant around 500 automated teller machines (ATMs) and cash dispensing counters by December 2000

economictimes.com
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