The money web

[icernet-admin at listserv.cddc.vt.edu]

Are web-based businesses beginning to make money in India? Wednesday’s 
report in the Ice World section of this newspaper suggests that Times 
Internet, which runs indiatimes.com and the Times publishing group’s news 
portals, may announce a net profit of Rs 6.6 crore on a turnover of around 
Rs 120 crore in the year to March 2004. In the absence of details, no one 
can be sure how exactly the money is being made and whether the profit is 
indeed “net”, given the liberal use of in-house media and infrastructure to 
promote the Internet business. 

Source:
http://www.business-standard.com/today/story.asp?Menu=27&story=25750