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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (240)	2/24/2000 8:38:00 PM
From: Mohan Marette	Respond to of 494

DSP Merrill Lynch to value Web Development Co Kohinoor Mandal CALCUTTA, FEBRUARY 24: Web Development Co Pvt Ltd, a Web-based solutions provider and promoter of three portals -http://www.fashionindia.net , bengalonthenet.com and miningindia.com - has appointed DSP Merrill Lynch to value the company. This was announced by the executive director for technical operation, Rahul Sharma, at a press conference. "We have appointed DSP Merrill Lynch but we would not like to disclose the valuation figure now," Sharma said. According to him, the company would also go for an initial public offering (IPO) within the next 1-1/2 years. Regarding the promoters post IPO-stake, Sharma said, "We know what would be the ideal holding for the promoters but, again, we would not like to disclose anything right now." WDC reported a turnover of Rs 4.5 crore in the last financial year. Though Sharma did not specify the investment in the company, he said the company has not taken any loans. "Ours is a debt free organisation," he added. Sharma said that fashionindia.net is the first ever composite Indiansite on fashion dealing with all its facets. "This is the most comprehensive site and it covers different sections like designers, boutiques and stores, fashion schools, bridal wear, cosmetics, models, fashion's history and magazines," he said. -Indian Express Newspapers (Bombay) Ltd.

To: Mohan Marette who wrote (240)	2/26/2000 10:08:00 AM
From: Labrador	Respond to of 494

OT: Overwhelming response to ICICI Direct ICICI WebTrade pushes online e-broking aggressively Anurag Joshi MUMBAI, FEBRUARY 24: ICICI WebTrade, the Internet broking arm of ICICI has pulled out all the stops for making its e-broking Website icicidirect.com a forceful alternative to conventional brokerages. The Website-which opened for business on Tuesday-has reportedly met with an overwhelming response from investors from across the country. "The response to icicidirect.com has been beyond all our expectations," ICICI WebTrade CEO Madhabi Puri Buch said. She, however, did not disclose the number of investors who have till now applied to join the Website. The company will be employing additional servers for enabling its Internet platform to meet the heavy rush for account opening to the Website. ... -Indian Express Newspapers (Bombay) Ltd