Check out this newest entrant in 'digg' like Socal Bookmarking area for interesting and exciting Indian stories.

DolBajao.com is a good 'India Centric' Social Bookmarking site Catering to Indians worlwide. It gives the “real power to the people” in deciding what should be published with a mission to “Spread clean and fun Indian Content on the internet!”.

IndiaSphere is a new web 2.0 site tracking the Indian blogosphere. The main site is an aggregator of popular Indian social sites and compilation of recent posts from popular Indian blogs sorted by category.

There is a top blogs section where bloggers can submit their own blogs. The high ranking blogs that show potential will be considered to be added back to the main aggregator.

Google has just released a Web Toolkit to simplify development of cross browser AJAX applications.

The Google Web Toolkit takes a very different approach for simplifying development of AJAX applications as compared to other similar initiatives like Prototype.

For one thing, the real development happens in Java and the toolkit provides a compiler which converts that into JavaScript for deployment. The toolkit also includes a hosted web browser where you can directly test your Java code before compiling to JavaScript.

Cynapse - the inventor of SyncNotes and Flickr Gadget has recently launched their new invention NeoBinaries a web2.0 community powered by users, industry experts, application creators and team Cynapse, designed to help users decide upon the perfect web based application for their wide ranging requirements.

NeoBinaries makes it easy for you to find the web based application that works best for your usage. At NeoBinaries you can find the newest & most popular Web 2.0 applications, compare details, read reviews and comments from people like you. You can subscribe to the RSS feeds and keep yourself updated with the latest news from the world of Web 2.0.

IndiaMarks.Com seems like an India specific del.icio.us. It claims to be a social bookmarking service for the global indian community.

From the site:

Here you can save your bookmarks, organize all your online research, share your bookmarks with friends & family and find useful and interesting sites saved by the global indian community.

The growing Indian IT market has started attracting global E-Business biggies too.

Trilogy E-Business Software, best known for cutting-edge analytics and configuration solutions, with development centres in Bangalore and Austin, has launched YourBillBuddy.Com.

The site helps users find out the best mobile plan suited for their needs. The service works by requesting users to upload past bills. The system analyzes these bills and using a database of currently offered plans by different service providers it recommends the cheapest plan based on the user's calling pattern.

Indian companies are finally breaking into the Web 2.0 party. The latest to join
the bandwagon is Pixrat - which is a kind of del.icio.us for photos.

The functionality is pretty similar to del.icio.us, although they also support personal bookmarks. There is also a popular page, which ranks most bookmarked images. They differ from flickr in the sense that they won't host your photos, but will just bookmark photos which are already online.

NowPos (short for Now Possible), a tech startup based in hyderabad has unveiled vMail , which according to the company is a "web-based e-mail service that brings in a new paradigm in e-mailing - of using voice - recorded, encrypted, delivered and retrieved in a unique way, making the 'sound files' on NowPos the smallest in size in the Internet space"

vMail, if it is really as good, steps into the rarefied field of technology innovation from India.

Read more at Business Standard and VC Circle.