InternetNews Staff

The number of ISP licenses issued in India has reached 72, ever since the governments ISP monopoly was lifted on November 6 last year. Fourteen licenses have been awarded for national-level ISPs, 24 for ISPs at the state level and in the major metros, and 34 for ISPs smaller cities and towns. Some, like Weikfield […]

San Francisco-based Internet loan site GetSmart.com said its board of directors has approved the sale of the company to Providian Financial Corp. Reuters said the deal was valued at $33 million. Founded in 1996 by Bill Fisher, a former executive of Wells Fargo Bank, GetSmart.com is a marketplace for consumer and business loans, with more […]

IBC (Interactive Business Channel) launched a new program to develop turnkey e-commerce solutions and said it will assist companies in creating a comprehensive Internet commerce and online marketing strategy. “We are carefully examining high technology brick and mortar companies whose products can easily be catalogued and distributed over the Net such as I/O Magic’s computer […]

Salter New Media announced the Toronto launch of its Internet service, Bargoon.com, an online auction site for local shoppers. Launched in Halifax on Jan. 15, Bargoon.com claim to be “the first Internet auction site in Canada to focus exclusively on local markets.” The Halifax site now features over $2 million in merchandise up for auction, […]

San Francisco-based GourmetMarket.com, one of the leading Internet commerce sites for culinary products, said that it has acquired the assets of Travlang.com for an unspecified combination of cash and stock. Travlang.com, an Internet travel and foreign language site founded in 1995, now claims 7.5 million page views and over 560,000 unique visitors per month. The […]

Following days of speculation, MTV Networks Tuesday purchased Internet broadcaster Imagine Radio. Terms of the transaction were not disclosed, although MTV plans to commit $150 million to establish a new venture that builds on the purchase of Imagine. The new business will feature pre-programmed and customizable audio channels, video music channels and e-commerce and community […]

CitX Corp. recently launched a new Internet e-commerce service called IntraEuroX, designed to enable users to automatically triangulate, convert and conduct financial transactions in the form of the Euro and/or other mixed currencies. To facilitate secure transactions worldwide, the IntraEuroX service will use an enhanced version of CitX’s proprietary Secure Electronic Transaction Exchange system (SETX), […]

City Two Thousand (India) Ltd., a subsidiary of the UK-based City 2000, is promoting Internet advertising in India, through City 2000’s Web site. The Indian subsidiary, which began operations from Nagpur in Maharashtra and Bangalore, has been set up to promote Indian business opportunities across the globe at a minimum cost. According to Bruce King, […]

Internet security services provider VeriSign Inc. and Netscape Communications Corp. Tuesday signed a multi-year agreement to launch a new online security center by March. Terms of the agreement also call for expansion of previous initiatives between the companies to incorporate Verisign digital certificate services with Netscape’s client and server offering. In addition, Netscape has tapped […]

PSINet Inc. Tuesday reported smaller than expected operating losses of $66.7 million, or $1.02 per diluted share, vs. losses of $14.2 million, or $0.36 per diluted share. First Call’s estimates pegged losses at $1.07 per share. The net loss to shareholders for the quarter, including the charge for acquired in-process research and development, was $83.6 […]

For search engine HotBot, the best way to find out how to enhance its search results was to ask its users. The search engine, which is part of the Lycos network, said it has improved its services by anonymously tracking the search experiences and preferences of its users. The result is the Direct Hit Popularity […]

Management consultants Andersen Consulting and Internet applications provider Security First Technologies Corp. Monday announced plans to provide next generation financial services. Andersen will provide $4 million equity investment to Security First, or S1 as it is also known. The companies will become strategic and preferred business partners. Jack Wilson, managing partner of global markets for […]