ITSpace.com
Well it's the best IT site to ever hit. Updated frequently with the latest happenings in the IT Sector

CIOL.com
The oldest computer publishers in India have spread their hands on the Net as well. Famous for their mag' PC Quest, this site is worth a look.

NASSCOM
Each and every Indian computer user know who the hell they are ! The organisation has a good site with lots of IT stuff.

More :
Slashdot.org
CIOL.com
News.com (IT News)