Much awaited portal AOL India has just gone live. Powered by Google Search, AOL.in is mainly focused on News, Entertainment(Bollywood), Sports(Cricket) and Videos. It also has City Guides for the big metro cities of India, very similar to Yahoo City and TimesofIndia Cities.
AOL India is also offering an email addresses ends with @aol.in domain, which can be accessed through the AOL Mail interface. Since it is just now launched, chances are very high that you can get an email address with your name and of your choice.
